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Wall Street Psycho

@BANKNOTExee

Your daily dose of Wall Street insanity. Markets | Money | Business There is no exit strategy.

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Joined August 2023
  • Tweets4K
  • Following305
  • Followers3.9K
Wall Street Psycho retweeted
Boring_Business (@BoringBiz_) profile picture
Boring_Business
@BoringBiz_Nov 6
Guess what happened last time we tried to give home loans with minimal down payments to borrowers who could not afford it
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The Assembly (@InTheAssembly) profile pictureThe Assembly
@InTheAssemblyNov 6
BREAKING: California voters just passed Prop 37. Buyers of newly built homes can now put down 3% instead of 20%. How: the state lends you the other 17% as a second mortgage, funded by up to $25 billion in bonds. On an $800,000 home that's $24,000 down instead of $160,000.
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Financial literacy should be taught in school. Instead, we graduate people who know how to calculate the area of a trapezoid but think a stock trading at $5 is automatically cheaper than one trading at $500. We have some work to do.
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The real luxury isn’t a Lamborghini. It’s waking up on Monday with no obligation to be anywhere.
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Wall Street Psycho retweeted
Wall Street Psycho (@BANKNOTExee) profile picture
Wall Street Psycho@BANKNOTExeeSep 8
Replying to @BRICSinfo
@grok does the EU economy + Canada’s even come close to the US in GDP if combined?
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The point of investing isn’t to have a bigger number on a screen, its to eventually have more control over your life.
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Wealth isn’t built by one great financial decision; it’s built by avoiding thousands of terrible ones.
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Don’t chase the highest return; chase the highest return you can consistently survive.
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The best financial plan is one you can follow when the market is boring, your income is inconsistent, and nobody is watching.
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Financial discipline means being able to afford something and still deciding you don’t need it.
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Lifestyle inflation is the silent tax on every successful paycheck.
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The wealthy don’t necessarily earn every dollar they have; they know how to keep and deploy the dollars they earn.
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A dollar invested is a tiny employee working for you while you sleep.
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Saving protects you from emergencies; investing protects you from depending on your labor forever.
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Money becomes powerful when you stop using it to impress people and start using it to create options.
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Image from Wall Street Psycho (@BANKNOTExee)
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Only way to keep me alive… 😂
Image from Wall Street Psycho (@BANKNOTExee)
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Don’t envy someone’s lifestyle until you understand what their balance sheet looks like.
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The fastest way to build wealth is to increase your earning power without increasing your spending at the same rate.
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Your paycheck determines your lifestyle; your assets determine your freedom.
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Wealth compounds when you combine high income, low lifestyle inflation, and consistent investing.
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