Happy weekend all!
for kicks, I’m going to spit out some early FI/investing “truisms” over the next wk many ppl prob think they know, really don’t, keep falling for and getting duped by. let’s see how many subs I lose! π
β FI Fighter (@FI_Fighter) July 7, 2018
Truism #1: just b/c u have a lot of money and achieved early FI doesn’t mean u know shit about investing. Being popular and well-liked don’t make u no investing authority. maybe u just got lucky. (how bout u ack that, at least?)
β FI Fighter (@FI_Fighter) July 7, 2018
Truism #2: It’s easy to look like investing G if u never disclose trades no one need 2 know 9/10 lost $, blew up, wash, n u won big on ONE! Next thing, u got fancy azz landing page, cheese promo vid, newsletter, u pounding chest telling world u da BEST! n fools be throw $ at u!
β FI Fighter (@FI_Fighter) July 7, 2018
Truism #3: U make BIG $$$ talking bout making $ u can buy anything return yield, n u write reg passive income report. fools be like hot daymn i want me some that too! u buy WTV stock. if WTV does shit readers lose $. u lose lil but don’t care cuz more sub = REAL $$$$ rinse repeat
β FI Fighter (@FI_Fighter) July 7, 2018
Truism #4: u want 2 become finance “expert”. easy. throw out bunch of quotes on twitter make u sound smart, poetic, sophisticated, ahead of curve and a thinker. can be own quotes u pull out of ass or borrow. don’t matter this how u build brand n become authority quotes > analysis
β FI Fighter (@FI_Fighter) July 7, 2018
Truism #5 u who speak loudest n have most bravado gain most followers! large following give u “street cred” u can then say ANYTHING n fools believe. wonderful 2 have in place for pump n dumping!
β FI Fighter (@FI_Fighter) July 7, 2018
Truism #6: pump n dump 101 -> only talk positive. link million articles 2 stock even if NOT direct related but show macro pic bullish. make outlandish claims and back them up w “real data” u pull from ass. Diss peer group. call critics TROLLS who down ramp bc want cheap shares!
β FI Fighter (@FI_Fighter) July 7, 2018
Truism #7: pump n dump 101 (part 2) -> u gotta let everyone know that everything u say are FACTS n u are unbiased. U a true fighter for the ppl who got everyone’s back n best interest at heart. yes yes repeat x nauseum pic.twitter.com/RPgqtDxuDL
β FI Fighter (@FI_Fighter) July 7, 2018
Truism #8: Turnkey Investing aka selling overpriced rental property to cash rich out of state newbs works b/c clients don’t know shit about market and r too busy to do proper research. locals would never buy so u must hire pro marketers to laud virtues n pay em $$$ to lure sheep
β FI Fighter (@FI_Fighter) July 7, 2018
Truism #9: why wouldn’t u want to own expensive ass property ppl fight tooth n nail to own? that means u own valuable shit! that’s how u build wealth. only newbs want to own junkers where a SINGLE major repair can cost same as value of home. means land is WORTHLESS n high risk!
β FI Fighter (@FI_Fighter) July 7, 2018
Truism #10: post FI ain’t always sunshine n lollipops. if u was super driven before beach gets old, good food tastes blah, u feel lost a lot. directionless. lots of days pass and u do shit all day. can b depressing. but to keep up appearances best if u shut up and don’t tell ppl
β FI Fighter (@FI_Fighter) July 7, 2018
Fight On!
Hi Jay,
Getting caught up on your recent posts so this comment is primarily related to the turnkey rental problems in Chicago. While I agree, it is never fun to lose money, fundamentally anytime we invest we take that risk. It goes with the territory. Sometimes best intentions don’t always work out. You live and learn. Be happy for all of the good things. Money is not everything. It is a tool, nothing more, nothing less. You have had a lot of investing success. Instead of focusing on the turnkey rental setback, I would look at everything as a whole. If you did not take some risk (investing wise), you would still be working for corporate america. Try not to fall in the trap of having little appreciation for all of the wins and a loss happens and it is unbearable. Keep perspective. You are doing great and if you had to give these properties away you would still be better off then a vast majority of people in this world.
Midwestern Landlord,
Thanks for the comment and important reminder. Although my recent turnkey experience was absolutely terrible, I’m doing my best to put that in the rearview mirror and move on with my life. I have sold both Chicago properties but still waiting to finalize the sale of the second one. You are absolutely right — money is not everything; I sold at a HUGE loss to be able to get away from all the headaches, stress, emotional/psychological toll these properties were taking on my health. So, in a way I walked away even worse off than had I been able to give them away for free. I will discuss more once the sale and everything are finalized.
Yup, definitely win some and lose some. Although I may be frustrated and irate right now, in the big picture, I am blessed beyond belief and everyday I’m thankful for the good fortune I’ve had elsewhere. Absolutely, even with the minor setback, it’s all been totally worth it still and no regrets from me.
Appreciate the support.
All the best!
PS
I have been dealing with some challenges of my own lately. Costly repairs, tenant damage, long work weeks, etc. It has not been fun. But I know that I will be stronger after I get though it. Character shows through not when things are going great, it shows through when things are tough.
Sorry to hear about the recent challenges you’ve been facing. I can definitely empathize there since I know all too well what that’s like…
Hopefully everything works itself out and you can get through this rough patch in short order.
I’m sure you will emerge from this stronger and better than ever before!
Yeesh, twitter is such a bad platform for expressing complex thoughts.
Dark,
LOL tell me about it! π
Cheers!
Quite the contrary sir, you’ve just got yourself a new twitter follower.
As long as some or all of the seven “deadly” sins shape our mentality, some things will never change. Only the journey towards self realisation can help provide clarity where one acquires the ability to see the truth beyond the facade. This isn’t just about investing/speculating but in all aspects of life.
Keep up the good Truisms. There are plenty more to add!!