@dollarsanddata Deriving tactical strategies from this, I would say this supports that you need to focus on both savings rate AND increasing income. So things like eliminating consumer debt to reduce fixed costs are one side and starting side hustles or changing jobs on the other.
@LifeScribb60448@ramit Where real estate influencers went wrong is billing it as "passive" and acting like taking infinite leverage to build up a portfolio has no risk. And to your point, if you enjoy it then it is not so much hassle.
@JUG89@ramit I think hassle should include volatility. If drawdowns weigh on your thoughts and causes stress then that is hassle. Just like having a vacant rental causes stress as well.
The MakerSheets Google Sheets Add-on has finally been approved! Now I just need to put the finishing touches and link everything together and I can officially launch my first ever SaaS! Work is just beginning but I am excited.
#buldinpublic
@dollarsanddata I'm doing a combination of difficulty 4-5 (index funds) for my long term retirement and difficulty 10 (starting a side biz) as a shorter term investment. Seems like you might have done something similar!
@RockyP1199 @ramit I've always had this theory that people lose so much money on these mega expensive houses. I have no data to back it up, but like how many potential buyers are there for something like this?
@tomaspueyo I really liked this thread up until the point you say "we know how to stop climate change" and list three relatively speculative and/or not remotely proven practical at scale solution. The truth is it is not that simple, but you probably know that.
@dollarsanddata When I hear people say "I moved my money to X because of the markets" I always ask "What will the market need to do for you to move your money back in." They never have an answer so usually miss all the upside. The cycle goes on.
@dollarsanddata No problem, just need to buy more properties to compensate for the drop in revenue. Do a cash out refi, then file bankruptcy and move to Russia. Easy money.
@wearepolter I did a similar upgrade in 2021 from a 2013 to the M1 Pro. It was a night and day difference! Idk about you but my battery was starting to go on the 2013 so it just felt like an all around amazing upgrade.
The AI itch is starting to come for me... does anyone know if someone is building a ChatGPT powered app to send collections emails for B2B companies with outstanding customer invoices?
#buildinpublic