FI Fighter’s Truisms

Happy weekend all!

 

Fight On!

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FundamentalAnalysisFI FighterDarkMidwestern Landlord Recent comment authors
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Midwestern Landlord
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Midwestern Landlord

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
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Midwestern Landlord

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.

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Yeesh, twitter is such a bad platform for expressing complex thoughts.

FundamentalAnalysis
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FundamentalAnalysis

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!!

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