It’s Father’s Day, so let Twitter Dad cook.
1. Save your money. Invest what you save. Compound interest is the best thing in the world
2. Cash is oxygen. Cash buys you time when life punches you in the face. I promise it will happen to you.
3. Good times never last. Bad times never last either. No matter how many times life throws you off the horse, get back on.
4. Speaking of horses: don’t buy horses.
5. Choose your partners carefully in business and in life. The wrong people get more expensive as you become more successful.
6. A bad deal is worse than no deal at all.
7. Get everything in writing. On a contract no matter who it’s with.
8. Protect your downside. One bad partner, lawsuit, tax problem, or contract can erase years of progress.
9. Stop comparing yourself to everyone else. There will always be someone ahead of you and someone wishing they were where you are.
10. Focus on one thing and become exceptional at it. Shiny objects kill momentum.
11. Focus requires sacrifice.
12. Lift weights. Take care of your body. Health compounds too.
13 Invest in your mind. Read books.
14. Your health is your real net worth. If you don’t feel good go to the doctor, don’t wait.
15. Stress test everything. Ask yourself: What happens if this goes wrong?
16. Don’t confuse revenue with profit. Plenty of people making millions are broke.
17. 99.9% of course sellers have no idea what they are talking about
18. Don’t use debt to fund your ego. Buy assets first. Toys come later.
19. Protect your reputation. It takes years to build and minutes to destroy.
20. If something feels too good to be true, it is. Run away.
21. It’s okay to say no. Protect your time and your peace.
22. Give more than you take.
23. Take care of your parents and your friends. One day you’ll wish you had more time with both.
24. Call your parents more.
25. Learn to be alone. Loneliness makes people accept bad partners, bad deals, and bad situations.
26. Nobody cares, nobody will save you.
27. Do what makes you happy. Life is short, and somehow it feels shorter every year.
28. Take the risk. The biggest regrets usually come from the chances you didn’t take.
29. You don’t need more information you need more action. Do it now!
30. The smartest / richest people in the world sometimes go broke by making the smallest missteps. It’s foolish to think it can’t happen to you too.
Aggressive risk takers will always have problems in life.
Bankruptcies. Failed businesses. Child support. Lawsuits. IRS problems. Losing everything and having to start over.
At least they tried to escape the 9 to 5 slavery.
Meanwhile you’re content clocking into a job you hate, investing your little pennies into a 401(k) and savings account, “living below your means” like some ancient cuck and following every rule they tell you to follow.
The aggressive risk taker only has to be right once.
Once their risk pays off, they’re set.
You stay a slave.
> be the beautiful mid
> grow up on Long Island
> Big Ten school
> sorority (SDT)
> spend 4 years saying “where are all the good men?” Body count 30+
> move to Murray Hill
> age 22-25 somehow every guy (30+) is a situationship but won’t date you
> age 26 discover “dating with intention”
> age 27 find a random boyfriend & post him every other day
> age 28 breakup, post random quotes and thirst traps every day
> start tweeting depressing content
> age 29-32 communication, consistency, growth. Time to find a good guy (doesn’t happen)
> age 33 one last hot girl summer
> age 35 engaged to rich Long Island guy
> move to suburbs
> golden retriever
> 2 kids
> wine night with the girls
> posts “I always knew he’d come along”
> it’s the same guy she would’ve left on read at 24
Grant Cardone says buying a house with all cash is ridiculous.
His move? If you handed him a $700,000 house, he would sell it for 600 that same day, take the 600, and buy 2.4 million dollars in real estate that pays itself off over 30 years.
Lot of numbers. But let's get clear on the original offer.
The offer was $700,000 to buy a house. Selling it for 600 the same day is a $100,000 loss for no reason.
Here is what I would do instead.
Buy the house for 700. Then put debt on it, maybe 500 grand through a cash-out refinance, which is tax-free.
Now I still own the house. I throw a renter in it. I pulled 500 grand out tax-free. And I use that to lever up and do it again, and again, and again.
Same game he is playing. I just keep the house and skip the 100 thousand dollar loss.
He has a lot of good points here. The first move was just a little off.