These people make Tim Pool look like Adrian Mateos
Replying to @leahfiles
How much was the tournament buy in for that one out of curiosity?
But also, if you’re playing cash tournaments with an earbud in like this- surely you practice throughout the year, right?
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Thanks so much for this brotha. I’ve been hovering around the 5-10 million net worth range for as long as I can remember and I can just never seem to get over the hump to 25m. I’m not gonna lie my confidence has taken a hit but this is exactly the type of motivation I needed 👊
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-Risk capacity is real but finite. A venture bet going to zero is a bad year. Size so the worst case costs you a year or two, not a tier demotion.
-Borrow, carefully. SBLOCs work here, just at worse spreads than the private bank crowd gets. Keep LTV under 20% so a drawdown doesn’t become a margin call.
-Skip the fancy structures. Estate exemption is $15m per person. You don't have an estate tax problem, you have an income tax problem. QSBS, solo 401k, tax-loss harvesting, no state tax residency or Puerto Rico if extreme/mobile. Boring, cheap, compounding.
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WIll jaffe retweeted
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