Eff You Money

[Parsad]

On 12/20/2024 at 3:11 PM, Gregmal said:

Yea fuck you money ain’t a few million. Even if you’re independent financially, you’re one lawsuit or bad break away from reconsidering that stance. Best example of fuck you money is Musk willingly overpaying for Twitter to troll a bunch of nutjobs.

 

In that case, there is no such thing as fuck you money because anyone could mess up. 

 

I think the original term of fuck you money was meant to tell any employer to go fuck off because I don't need this job.  There you go!  Whatever that number is for each person is their fuck you money minimum.  

 

I've reached that status, so fuck you all!    Cheers!

[Haryana]

https://www.financialsamurai.com/once-you-have-f-you-money-its-hard-to-tell-others-to-f-off/ 

 

[SharperDingaan]

FU money means different things to different people; everything from the buying something stupid and doing the victory lap if it works out  ... through to random acts of kindness, such as leaving the waitress a $1,000 cash tip over the Xmas season; or offering a single mom the use of your timeshare in XYZ, 'cause she and her kids could really use a vacation. If that $1,000 tip came out of stupid gains (ie: BTC trades ), or you got the timeshare out of a bankruptcy at cents on the dollar, it's a minimal cost.

 

Back in the day, FU money was what you used to pay for your wintering (at the best hotels) in Egypt, or your 'Grand Tour' of Europe over Summer/Fall; one basically enjoyed oneself seeing the world. We try to take a similar approach, but with modern day twists.

 

Wealth doesn't call the shots, you do.

 

SD 

 

 

Edited December 25, 2024 by SharperDingaan

[bargainman]

make me think of this nsfw scene from back in the day

 

[Eldad]

On 12/24/2024 at 8:31 PM, Parsad said:

 

Can we stop this shit?  As much as people like to talk about the U.S. turning into a socialist craphole, it's still the most dominant player in the most important areas of economics.  And that has nothing to do with politics and everything to do with U.S. capitalism and ingenuity.  Musk doesn't hold the monopoly on capitalism, nor ingenuity!  Cheers!

Yes currently. But the free flow of ideas were being controlled and stifled for a time. You can’t have long term ingenuity without free speech. Thank you Elon for buying Twitter and turning the tide in the fight against the thought police. 

[nsx5200]

17 minutes ago, Eldad said:

Yes currently. But the free flow of ideas were being controlled and stifled for a time. You can’t have long term ingenuity without free speech. Thank you Elon for buying Twitter and turning the tide in the fight against the thought police. 

Yes, that's exactly why people are fleeing X[additional data point].  There's simply too much freedom for them to handle.

[DooDiligence]

4 hours ago, Eldad said:

Yes currently. But the free flow of ideas were being controlled and stifled for a time. You can’t have long term ingenuity without free speech. Thank you Elon for buying Twitter and turning the tide in the fight against the thought police. 

 

[cubsfan]

4 hours ago, Eldad said:

Yes currently. But the free flow of ideas were being controlled and stifled for a time. You can’t have long term ingenuity without free speech. Thank you Elon for buying Twitter and turning the tide in the fight against the thought police. 

 

Yup - Elon has truly revolutionized Social Media and New Media.  Traditional media is dead.

 

Thank goodness.

[Eldad]

10 minutes ago, DooDiligence said:

 

Hahahaha

 

Besides Elon, I will add Joe Manchin and Kristen Sinema to the list of left leaning moderates that did their part to save the country. 
 

Stopping Biden from packing the supreme court is up there with Elon bringing back free speech. 

[Blugolds]

30 minutes ago, Eldad said:

 
 

Stopping Biden from packing the supreme court is up there with Elon bringing back free speech. 

 

I've never understood the "we cant have their side pack the court, so we'll pack it with our side". 

 

If you wanted true balance, wouldn't you want equal representation on the court? Both left and right represented, men, women, minorities, whites...wouldnt that be optimal? I dont think a right packed court or a left  packed court is the ideal balance. If there are 9 justices on the court you would think they would want 4 justices always from both left and right, when those positions open, they are filled from their respective "sides" regardless of the administration...then the 9th justice can be appointed based on administration in place when the opening occurs...something like that...would fix this silly behavior of "timing" and trying to pack with your "team". 

 

Would never happen because as much as each side hates the opportunity for the "other" side to pack in their favor, they also dont want to give up the ability for them to do it themselves eventually. 

 

 

She is blindfolded because justice is unbiased. Lady Justice holds scales to represent the impartiality of the court’s decisions.

 

Everyone wants Lady Justice to be blindfolded...but the blindfold to be diaphanous. 

Edited December 26, 2024 by Blugolds

[Parsad]

41 minutes ago, cubsfan said:

 

Yup - Elon has truly revolutionized Social Media and New Media.  Traditional media is dead.

 

Thank goodness.

 

He hasn't revolutionized anything.  He spent $40B to buy a piece of shit platform to give himself a place where he can spout what he wants, as well as like-minded readers.  Not that there wasn't enough of those places already, but he doesn't have to worry about any form of censorship now...no matter how extreme.  Cheers!

[Parsad]

10 minutes ago, Blugolds said:

 

I've never understood the "we cant have their side pack the court, so we'll pack it with our side". 

 

If you wanted true balance, wouldn't you want equal representation on the court? Both left and right represented, men, women, minorities, whites...wouldnt that be optimal? I dont think a right packed court or a left  packed court is the ideal balance. If there are 9 justices on the court you would think they would want 4 justices always from both left and right, when those positions open, they are filled from their respective "sides" regardless of the administration...then the 9th justice can be appointed based on administration in place when the opening occurs...something like that...would fix this silly behavior of "timing" and trying to pack with your "team". 

 

Would never happen because as much as each side hates the opportunity for the "other" side to pack in their favor, they also dont want to give up the ability for them to do it themselves eventually. 

 

+1!  Cheers!

[Eldad]

1 minute ago, Blugolds said:

 

I've never understood the "we cant have their side pack the court, so we'll pack it with our side". 

 

If you wanted true balance, wouldn't you want equal representation on the court? Both left and right represented, men, women, minorities, whites...wouldnt that be optimal? I dont think a right packed court or a left  packed court is the ideal balance. If there are 9 justices on the court you would think they would want 4 justices always from both left and right, when those positions open, they are filled from their respective "sides" regardless of the administration...then the 9th justice can be appointed based on administration in place when the opening occurs...something like that...would fix this silly behavior of "timing" and trying to pack with your "team". 

 

Would never happen because as much as each side hates the opportunity for the "other" side to pack in their favor, they also dont want to give up the ability for them to do it themselves eventually. 

You may not know what I meant by “court packing”. Biden and most Democrat Senators, besides Sinema and Manchin, wanted to change the courts’ make up to 15 justices and add 6 Democrat team players back at the beginning of Biden’s term. Completely changing the rules and harming our “democratic norms”
 

That is not the same as Trump appointing 3 in a term because 3 others retired. 
 

“Trump is going to destroy our democratic norms and imprison his political enemies!!”

 

When everyone can see they are actually the ones that do those things.  That and the censorship is what caused a left leaning moderate like Musk to go full MAGA. 

[cubsfan]

38 minutes ago, Parsad said:

 

He hasn't revolutionized anything.  He spent $40B to buy a piece of shit platform to give himself a place where he can spout what he wants, as well as like-minded readers.  Not that there wasn't enough of those places already, but he doesn't have to worry about any form of censorship now...no matter how extreme.  Cheers!

 

Yeah, right.

 

He spent $40B to save free speech in America. Left/Right/Center - say what you like on X - as it used to be, before Zuckerberg, Google, Old Media and the LEFT decided they could censor opinions they did not agree with.  The Commies have been forever exposed for hiding the truth from Americans.

 

Now that is a patriot - Elon has changed American media forever. Even Zuckerberg is kissing the ring.

 

It's something to see!

[DooDiligence]

1 hour ago, Blugolds said:

 

I've never understood the "we cant have their side pack the court, so we'll pack it with our side". 

 

If you wanted true balance, wouldn't you want equal representation on the court? Both left and right represented, men, women, minorities, whites...wouldnt that be optimal? I dont think a right packed court or a left  packed court is the ideal balance. If there are 9 justices on the court you would think they would want 4 justices always from both left and right, when those positions open, they are filled from their respective "sides" regardless of the administration...then the 9th justice can be appointed based on administration in place when the opening occurs...something like that...would fix this silly behavior of "timing" and trying to pack with your "team". 

 

Would never happen because as much as each side hates the opportunity for the "other" side to pack in their favor, they also dont want to give up the ability for them to do it themselves eventually. 

 

 

She is blindfolded because justice is unbiased. Lady Justice holds scales to represent the impartiality of the court’s decisions.

 

Everyone wants Lady Justice to be blindfolded...but the blindfold to be diaphanous. 

 

The blindfold helps certain people sneak past justice.

[flesh]

This has come around previously. 
 

As always and at least for some people the errors are in the assumptions.
 

I have a close friend with 2m who will inherit about 750k within 5-10 years. He single 50 years old. He convinced he needs at least 2m and a house paid for.  
 

another good friend has 15 m and he’s convinced he just needs one more big exit and he’ll be done. 
 

Many here posit the idea that they’d be bored if they retired but presumably they won’t be when they retire at x age and with x wealth. 
 

I mostly retired at 34 with a net worth of 600k, 11 years ago. 450k of that in cash and retirement accounts. Rest in home equity. By mostly I mean I’ve worked about 2 full time years since then comprised of 3-6 month part time stints of 10-20 hours a week interspersed with sometime years of no work. 
 

It seemed rather obvious to me back then that I didn’t know what I would do to find meaning absent winning the money game and the socioeconomic status that came with it however that was the very problem I wanted to solve. I knew that marketing or investing was only something I did for money.. something I definitely wouldn’t do if I didn’t need the money. 
 

it took some years to fill that hole but I can honestly say there’s nothing to go back to and the cost of my precious time left would be far too high to ever spend any considerable amount of time doing abstract empty unfulfilling exercises. 
 

What I do is rock climb, dirt bike, read, spend time with my family and friends. Basically I’ve studied nearly everything  at a conceptual level and had plenty of time to climb and dirt bike and scuba around the world and with my family. 
 

Financially, I was able to do this by cutting all costs… line by line over time.. of course focusing on and learning about what I did/did not care about. I bought a cheap house back then that already had a mother in law apt in the basement. Mortgage is 1500/month and renter pays 1200/month. I didn’t get married because that would obviously change the equation and seemed ill advised considering I only wanted one child. I found a woman willing (after some convincing) to cover half of most costs. My costs are only 35k year before vacations and extras.. like a new dirt bike etc. I actually spend about 50-60k year. 

 

Net worth has tripled since then. Nobody suspects I have money and I like it that way. I never liked how people treated me when I made 1m/year in todays dollars back in 05/6/7 etc. it’s an alienating effect. For your psyche and others. 
 

in 15 years the home will be paid for and I’ll have a renter paying 2k/month plus in the apt. I’ll have zero debt and six figures income without working.

 

id suggest there’s much to discover and that waiting until your physically and mentally impaired is not the best time to do it. Just know you don’t know and you won’t until you have the time. 
 

The assumption of boredom I posit is the mistake. It’s not been grounded until you’ve experimented with the alternatives. In todays age you have to create the alternative. That’s the adventure. The adventure many throughout history had as default. That is, time. Time to wonder. 
 

Recently I jumped on the Bryan Johnson and slim land program. Longevity Olympic guys. When first presented with their ideas it seemed overwhelming and a bit ridiculous. That phase lasted months but I had the time for it to seep in. Now I’m three months into it. Perfect diet. 20/supplements a day. Health markers going from good to great. Now it’s easy and automated and inexpensive. Line by line.
 

I recently did two one arm pull ups with my right arm, a pb for me at 45, been climbing since 17. Tied my pb of two one arms with the left hand.  Set a new pb of hanging one handed off one pad edge longest time ever just yesterday while home sick with a cold. 
 

My circulation is improving rapidly and sleep as well. I’ll be taking the 800$ full bio marker test next year and see where I’m at with 300 bio markers. 
 

Point is, this was never my cup of tea before but now it is, and it’s obviously good and easy in hindsight and definitely not something I would have done while working hard. It’s clearly worthwhile, super health. 

 

What I do of course may not be what you would do, but most people will never know. 
 

 

 

 

[cubsfan]

@flesh  That is a very refreshing story and outlook. Good for you!

 

[james22]

On 12/25/2024 at 12:09 PM, SharperDingaan said:

If that $1,000 tip came out of stupid gains (ie: BTC trades ), or you got the timeshare out of a bankruptcy at cents on the dollar, it's a minimal cost.

 

I'd argue with stupid (or easy) in the case of bitcoin (while recognizing the luck of the opportunity), but money easily made is more easily spent, yes.

 

I don't feel nearly the responsibility to that money that I do to my income earnings.

[Gregmal]

It’s stunning people still deny the significance of Musk buying Twitter. As a result of such, the deliberate censoring and collusion between big tech, MSM, and US government was unveiled. The corruption of the mainstream media was unveiled. And as a result, the scheme unraveled and became toothless, which is why the 2024 Democratic Campaign was a total disaster. Enough people finally saw they’d been getting lied to and said enough is enough. I mean just in the Covid saga alone, there’s enough fraud and lies that no one would ever have a reason to trust a msm news source or government agency again. 

[Red Lion]

$500. That's how much I had when I decided to quit my job and make my own way 15 years ago. I think "fuck you" is more of a mindset than a dollar amount. 

 

 

 

 

[wisowis]

19 hours ago, flesh said:

My circulation is improving rapidly and sleep as well. I’ll be taking the 800$ full bio marker test next year and see where I’m at with 300 bio markers. 

 

@flesh Who are you using to do these biomarker test(s)? 

[SharperDingaan]

On 12/26/2024 at 6:10 PM, james22 said:

 

I'd argue with stupid (or easy) in the case of bitcoin (while recognising the luck of the opportunity), but money easily made is more easily spent, yes.

I don't feel nearly the responsibility to that money that I do to my income earnings.

 

One of the hardest things to get over, is the source of the cash in your bank account. Cash makes no judgement; and looks the same, whether it's borrowed/earned, smart/dumb, easy/hard to get, clean/dirty, or crypto/fiat.  All that matters, is that on the day; you have enough of it on hand, to do whatever you want. That's it.

 

In the corporate world, finance folks routinely use tax deductible debt to minimise WACC; all projects earning more that the WACC are potential investments. As investors we should be doing the same, with every investment using an optimal amount of margin. Borrowed and smart money.

 

At $1M of AUM; a 10% before-tax return is largely inevitable, and 100K is a good salary for many people. If you are also drawing state/company pensions, even if you f*** ** and only earn 6-7% ... you will still very likely earn more than 100K. Start at age 65, keep your paws off the AUM, and at a 14.5% annual return, it's 2M in 5 years. Or aged 70, and 200K of income before State/Company Pension.  Earned, dumb and easy money.

 

Whether dumb as a brick but the recipient of a $1M trust fund, married into it, or made it the hard way - the outcome is the same. You're not a unicorn, simply 'cause of the size of your bank account. The differentiator is attitude, and for the most part ... the more that you can relate to the less fortunate, the better; a lot harder to do than one might think.

 

Of course, if you're also good at what you do, and are adept at playing rough hockey, there's also a lot more opportunity! 

 

SD

 

  

 

Edited December 28, 2024 by SharperDingaan

[ICUMD]

 

Quote

In the corporate world, finance folks routinely use tax deductible debt to minimise WACC; all projects earning more that the WACC are potential investments. As investors we should be doing the same, with every investment using an optimal amount of margin. Borrowed and smart money.

@SharperDingaan points well taken.

 

Are you aware of any 'safe' or 'recommended' amounts of tax deductible debt to be used in proportion to invested capital?  

 

Also any recommended reading or books devoted to borrowing money for investment purposes?

 

I do use leverage to invest for the past 7 yrs or so.

Haven't found any good references as yet regarding this strategy though.

 

Thank u.

[benchmark]

9 minutes ago, ICUMD said:

 

@SharperDingaan points well taken.

 

Are you aware of any 'safe' or 'recommended' amounts of tax deductible debt to be used in proportion to invested capital?  

 

Also any recommended reading or books devoted to borrowing money for investment purposes?

 

I do use leverage to invest for the past 7 yrs or so.

Haven't found any good references as yet regarding this strategy though.

 

Thank u.

I also used quite a bit of margin the last few years, I'm able to cover the margin cost mostly with some trading, while the assets that I've bought have appreciated. So it worked out so far, but it's not something that I'm comfortable with,  and I'm planning to close out most of the margin next year. 

[Haryana]

On 12/26/2024 at 2:28 PM, cubsfan said:

 

Yeah, right.

 

He spent $40B to save free speech in America. Left/Right/Center - say what you like on X - as it used to be, before Zuckerberg, Google, Old Media and the LEFT decided they could censor opinions they did not agree with.  The Commies have been forever exposed for hiding the truth from Americans.

 

Now that is a patriot - Elon has changed American media forever. Even Zuckerberg is kissing the ring.

 

It's something to see!

 

Live by the spam, die by the spam': Elon Musk claps back at MAGA censorship claims on X amid H-1B visa rift 

https://timesofindia.indiatimes.com/world/us/live-by-the-spam-die-by-the-spam-elon-musk-claps-back-at-maga-laura-loomer-censorship-on-x-claims-amid-h-1b-visa-rift/articleshow/116728219.cms