Fermsy

4 years into a mortgage and this surprised me:
Paid: $95k
Principal reduced: $31k
The rest went to interest, taxes, and insurance.
People usually focus on the home price, but the cost of owning a home can be a very different conversation.

employee: i'm pregnant. due in March.
manager: congratulations. have you thought about your plan?
employee: i'll take my 12 weeks and be back in june.
manager: we just want to make sure the team is covered.
employee: I'll document everything before I leave.
manager: we've decided to restructure your role.
employee: i'm sorry?
manager: it's just business.
she was restructured out three weeks before her due date. they called it a layoff.
gave her two weeks severance.
her position was reposted under a different title four months later. her CEO just spoke at a Women in Leadership conference. the

if you make $1,000,000/year in California, this is how much you have to pay to Uncle Sam.
Tax type:
Federal (32.5%) - $325,208
FICA (3.16%) - $31,632
State (11.54%) - $115,359
total income after taxes - $527,801
highway f*ing robbery.

guy I work with told me he straight up doesn’t pay medical bills 😭
doctor visits, surgeries, urgent care… none of it for like 8 years now
crazy part is he still has a nice house, two new cars, and solid credit
said medical debt gets treated differently so he just stopped caring

i know a couple in their mid-30s making great money, traveling often, investing heavily, and basically living the kind of life most people say they want.
but they’ve decided they don’t want kids.
and I can’t help but wonder if that feeling changes later in life.
at some point, the trips, purchases, and comfortable lifestyle stop being new.
meanwhile, building a family gives people something deeper to grow into over time.
maybe i’m wrong, but i feel like a lot of people underestimate how different life can feel once the distractions fade and you start thinking about legacy, connection, and who’

Mark Cuban said, taking out huge loans for college can end up damaging your future more than helping it.
his point was basically: “if you can’t truly afford it, don’t bury yourself in debt trying to chase the name of a school.”
he believes a lot of the actual education is similar everywhere anyway. “An accounting class is an accounting class,” whether it’s at a community college or Harvard.
and honestly, that’s the part people hate hearing.
a lot of people don’t want to admit the “college experience” is what they’re really paying for, not the education.

my boomer mom’s house appreciated $600,000 in 22 years.
she did basically nothing to it. she didn’t invest. she didn’t grind. she didn’t “build multiple income streams.”
she just bought a house in 1998 and waited.
last week she sent me a Dave Ramsey video about cutting subscriptions.
then i cancelled Netflix.
my rent went up $300 the same week.

CALLER: i opened a High Yield Savings Account. my $20,000 emergency fund earns 4.5% interest. that’s $900 a year doing nothing.
DAVE RAMSEY: get rid of it. put that $20,000 toward your mortgage!
CALLER: but i’m earning $900 a year for free.
DAVE RAMSEY: debt is the enemy! pay off the house!
CALLER: my mortgage rate is 3%. i’m earning 4.5%.
DAVE RAMSEY: that’s not how you get rich!
in reality, if your savings rate beats your debt rate, keep the cash. that’s called arbitrage.
every dollar matters.

my buddy retired from teaching.
his pension pays him ~$100k a year.
he also has ~$1M invested.
i texted him last week to hang out.
he replied:
“i’m in Bali. rented a villa for the month. come visit.”
total control over his calendar.

sorry to say this but… $200k income is now middle class.
a person making $200k is taking home about $10,500/mo after tax.
median spending by US family with two kids is $8,600
this leaves $2k for saving, investing and special purchases.
middle class.

you buy a $500,000 house, borrow $400,000 and pay it off over 30 years
the bank lending the money will make ~$500,000 in interest from money it created out of thin air
meaning 5-10 years of your career were dedicated to paying interest
🤯
this is why financial institutions love real estate investors

It’s $996 to replace my windshield with insurance.
It’s $491 to replace my windshield without insurance.
What the f*ck is the point of insurance ????