I spend a decent amount of time on twitter. Yes, I should post more. But it is difficult to write the same ideas week after week. However, many wanna-be twitter-influenzas don’t seem to have that problem. I made a large private list of people to be my foil that I use for inspiration - not in the sense of seeing what they do and saying “yes I will copy that”, but in the sense of “this guy has no consistent worldview and is just spewing random tidbits he obviously picked up from others”.
Honestly, one of the best ways to take 2 steps forward and 1 step back is to have a random belief system.
It is an annoyance as each piece seems valid in isolation. So followers will see it, take it as n=1, and incorporate it. But it leads to just random financial beliefs and no room for thinking or nuance. The result is people bragging about doing things that are net losing moves for them.
This series of post is going to help you get out of the noise and actually develop your own consistent system to make decisions.
This can best be summarized in the below clip from the friend of the substack, Dave Ramsey:
In the clip, Dave is asked if he would borrow $1Billion at 0% interest and no time period to pay it off. He answers no. Because debt is bad.
The hosts even say, “you could put it in UST earning 5%, make $50mm a year, and pay it back”.
Dave is firm, no. Debt is bad, always.
Well once you read this series of posts, you will be able to understand at a fundamental level how you should think about any situation like this so you can make a smart move.