ROSS is BOSS

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[ROSS is BOSS @RossIsBoss]

Most people know Steve Wynn but fail to understand how big his impact was in Las Vegas when it comes to small touches they walk by every day.

[ROSS is BOSS @RossIsBoss]

Zero chance this happened.

[Makayla | Real Estate Investor @REIMakayla]

Dave Ramsey has made more Americans house-rich and broke than any man alive

My neighbor Gary paid off his house in 2019. Threw a party. Burned a paper copy of the mortgage in the fire pit. 58 years old, $410,000 house, owed nothing

In 2024 he got laid off. Roof started leaking in March. $22,000

He went to his bank, the one that had his mortgage for 22 years, and asked for a $25,000 home equity line against a house with $410,000 of equity in it

Denied

Then a second bank. Denied. Then a credit union. Denied

Here's the part nobody explains at the debt-free scream: banks lend on INCOME. Equity is collateral. Collateral is what they take when you can't pay, and they'd rather never take anything. No paycheck, no loan, no matter what the house is worth. Gary had $410,000 he couldn't touch and $6,000 in checking

His options at 58: sell the house he just finished paying for, or wait until 62 for a reverse mortgage, or put a $22,000 roof on a credit card at 27%

He put a tarp on it

I flip and hold houses. Here's how the same $410,000 sits in my life:

Every house I own carries a mortgage, on purpose. The equity gets pulled out while I have the income to qualify, and it goes to work. It's in the next house, or it's a HELOC sitting open at a $0 balance until the day I need it

The move Gary needed, in order:

1. Open a HELOC while you have a job. The application dies the day the job does. A HELOC costs nothing to hold at $0. It's a $100,000 emergency fund the bank holds for you, approved while your W-2 still exists

2. If you're going to pay the house off anyway, keep 6 months of expenses in cash first. Gary made $2,300 extra principal payments for 9 years and kept $6,000 liquid. The house ate every dollar of cushion he had

3. A 3% mortgage is the last loan you should ever pay off early. Every extra $1,000 you send to a 3% loan is $1,000 you can't get back that could sit in a savings account paying 4.5%. You're paying the bank to hold your money

4. If you're already paid off and working: open the HELOC this month. Approval is income-based and you have income. That's the whole window

The debt-free scream is real and it feels incredible for about 4 years. Then the roof leaks, or the job ends, or the knee needs replacing, and the biggest number on your net worth statement is a thing you live inside and can't spend

Gary's house is for sale now. He's 60. It'll sell for about $395,000 because of the roof. He'll rent

He did everything the radio told him

[ROSS is BOSS @RossIsBoss]

At least give us your 🔒 of the week if you're going to tease us like this.

[Saagar Enjeti @esaagar]

Somewhere out there is a guy who bought a brand new GMC Sierra 1500 with a 96 month loan at 25% interest who just filled up at $6 dollar/gallon diesel carrying a massive credit card balance who is going to go home tonight and lose 100+ dollars on a Single Game Parlay

[ROSS is BOSS @RossIsBoss]

two anthropic execs in the hallway this week:

“ipo is so close. $2T. lockups. yacht discourse. we did it.”
“only thing that can blow this up is if someone on staff says out loud that the product has a >10% chance of ending the species.”

alignment science lead, 2 hours later:

[Evan Hubinger @EvanHub]

Jacob is correct here—we really do earnestly believe AI could kill all humans! I personally think it is >10% within the next decade. I believe Anthropic is trying its best, but we do not yet have a plan to solve alignment for superintelligence and are not clearly on track to.

[ROSS is BOSS @RossIsBoss]

@ThatCasinoLife Exactly!

[ROSS is BOSS @RossIsBoss]

This is actually a huge perk!

[That Casino Life @ThatCasinoLife]

If you're in Las Vegas and have X money all ATMs are free. I took money out of my account twice at Winstar World Casino and got reimbursed almost immediately

[ROSS is BOSS @RossIsBoss]

@ThatCasinoLife Bro, you’re on fire!! 🔥

[ROSS is BOSS @RossIsBoss]

With musical Guests Milli Vanilli

[ROSS is BOSS @RossIsBoss]

BREAKING: Daejon Love has reportedly nailed another private tryout.

[ROSS is BOSS @RossIsBoss]

@ThatCasinoLife There are more and more casinos outside of Las Vegas these days but one thing they’ll never replicate is being able to bounce between so many great casinos on foot. If you’re not feeling one casino, pick up and walk to the next one. Can’t beat it.

[ROSS is BOSS @RossIsBoss]

@ThatCasinoLife @Malia_B76 @X @nikitabier It’s pretty shameful. Go out and create something original or if you want to aggregate content, just give credit. SMH

[ROSS is BOSS @RossIsBoss]

Whenever I press my bet, it's always a Double Down. $1,000 Blackjack Double Down!

[ROSS is BOSS @RossIsBoss]

@ThatCasinoLife Hit me up. I live in Vegas now. Moved from LA a few months ago.

[ROSS is BOSS @RossIsBoss]

@ThatCasinoLife 😂😂😂

[ROSS is BOSS @RossIsBoss]

@ThatCasinoLife Haha yeah. He’s a great guy. We’ve done a few collabs together. He hosts Friday nights at the Plaza live at 6pm. Always fun.

[ROSS is BOSS @RossIsBoss]

@AI__Avenger Wait a second. You mean to tell me if I put you in Union Carbide at 7 and took you out at 32…

[ROSS is BOSS @RossIsBoss]

The odds of winning 4 in a row are about 1 in 22. So this means on average you're going to lose $6,300 (or more if you split or double along the way) before you win $4,800.

[ROSS is BOSS @RossIsBoss]

Turning $300 into $4,800 in Blackjack only requires winning 4 hands in a row. It's easier said than done but man does it feel great when it hits!

[ROSS is BOSS @RossIsBoss]

The odds of winning 3 hands in a row in Blackjack are about 1 in 10.