GlennYaney @GlennYaney Twitter profile

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GlennYaney

@GlennYaney

21 days

I’ve never met anyone who became financially independent by putting their money into a 401(k), so why is it so highly encouraged?

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GlennYaney

@GlennYaney

10 months

+$100,000 Salary -$8,300 HSA -$22,300 401k - $20,000 taxes - $18,000 mortgage/rent - $18,000 food - $10,000 car maintenance and gas Total left $3,400 annual/ $283.33 monthly Good luck getting ahead with the traditional advice. It took this math to make me realize investing in

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GlennYaney

@GlennYaney

21 days

@thecopyroad So it’s created for people with high incomes to save them on taxes but sold to people with low incomes to pay more taxes when they retire?

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GlennYaney

@GlennYaney

10 months

Name one job that’s harder than being a single mom with a full time job?

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GlennYaney

@GlennYaney

9 months

If FIRE is Financial Independence Retire Early how does a 401k help you get to financial independence and to retire early? The action of investing in your 401k is planning to retire when your 59 and half?

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GlennYaney

@GlennYaney

10 months

@FundIndexFund Or you could take the extra 30k and put it towards income producing assets. Get away from the golden handcuffs and start something you really enjoy.

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GlennYaney

@GlennYaney

2 years

@StephenCFU_ This phone comes with a free game!

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GlennYaney

@GlennYaney

4 months

How much was the first house you bought and about what year?

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GlennYaney

@GlennYaney

2 years

@ferventfinance If you have 8 rental properties and you make only $1,000 a month, stick to investing in the s&p.

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GlennYaney

@GlennYaney

8 months

Closed on a 16 unit apartment building and a 13 unit Mobile home park yesterday. Feeling like 2024 is going to be great!

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GlennYaney

@GlennYaney

21 days

@OutsrcedAnalyst Thank you!

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GlennYaney

@GlennYaney

4 months

What’s your best financial decision up to this point?

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GlennYaney

@GlennYaney

5 years

@markallan33 I have this Warren Buffett quote in my office. The last line is priceless.

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GlennYaney

@GlennYaney

10 months

@ShortestSeller There more long term tax benefit in businesses and real estate outside of the 401k.

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GlennYaney

@GlennYaney

4 months

@SMB_Attorney My asphalt guy has a compound like this. Pretty inspiring. Family ran asphalt company on a compound.

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GlennYaney

@GlennYaney

8 months

Being financially independent is a never ending treadmill. Here are the goals I hit along the way. 1. Save $1,000 2. Get a real estate license 3. Make 50k a year 4. Make 100k a year 5. Buy real estate 6. Buy more real estate. 7. Make 1,000 a month in income in real estate. 8.

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GlennYaney

@GlennYaney

8 years

“An overnight success is ten years in the making.” ― Tom Clancy, Dead or Alive @madfientist @PrestonPysh @stig_brodersen

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GlennYaney

@GlennYaney

10 months

@TailsWindsFI I think I did the 5% match but I think the 401k is a distraction from most peoples real goal.

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GlennYaney

@GlennYaney

10 months

@MrDixieCup This is for a family of 4 but before my wife I ate out regularly. I recall tracking my food when I was single and it was around $12,000 annually.

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GlennYaney

@GlennYaney

1 year

@fuckyouiquit Unfortunately I don’t see how that bill will pass. The people breaking the law are the ones voting for the law.

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GlennYaney

@GlennYaney

9 months

When people say invest in yourself, where do you start?

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GlennYaney

@GlennYaney

4 months

@MultifamilyMad That location is going through a condo sell off due to condo reserve requirements being due at the end of the year. About 40 mins from my house 15 mins from my in-laws.

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GlennYaney

@GlennYaney

21 days

@BarrettKearns Agree but not the tool to make you financially independent.

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GlennYaney

@GlennYaney

21 days

@jonofarcadia Unless you’re the Jetsons!

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GlennYaney

@GlennYaney

4 months

@Thefrugalgay11 Doesn’t matter when you buy. Buy on cashflow and long term deal structure. You make money on the purchase and get paid to wait.

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GlennYaney

@GlennYaney

5 years

@NorbertElekes @elonmusk 200k preordered el caminos

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GlennYaney

@GlennYaney

10 months

@tangytom7 Buying a starter home and building equity sometimes is the only way. I know it’s not what the finance books tell you but it’s how I started.

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GlennYaney

@GlennYaney

4 months

What was the turning point of your financial journey?

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GlennYaney

@GlennYaney

5 months

What is a subtle flex to say you’re rich without saying you’re rich?

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GlennYaney

@GlennYaney

10 months

@ThinkAppraiser Keep buying more properties to diversify and spread the risk. When you get to 50 units you can figure out if you want to sell. Most likely 100 units will sound better. :) The first 25 units is the hardest!

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GlennYaney

@GlennYaney

10 months

I’m currently selling my house. Here’s the numbers and here’s my plan with the proceeds. 450k sale price -27k realtor commission -9k closing cost -252k mortgage 162k net to seller I plan on lending the 160k at 12% interest. $1,600 a month cash flow. Rent a 3/2 apartment for

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GlennYaney

@GlennYaney

2 months

@TheDrugMoney I think we are in a realistic market. What we’ve seen that past 10 years from 2012 to 2022 was unrealistic. The market is actually healthy where buyers and sellers are negotiating.

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GlennYaney

@GlennYaney

4 months

In May 2016, I left my 9 to 5 job, only to return six months later. I departed my W2 job to pursue a career as a real estate agent, selling residential properties while also working for a property management company. I had $30,000 saved in my bank account, no debt, and a

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GlennYaney

@GlennYaney

9 months

Now is the time to look into a HELOC. You don’t have to use it but it creates more liquidity. Think of the times you see a good deal and think to yourself, “if I had the money I would buy that”.

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GlennYaney

@GlennYaney

5 months

By removing materialistic desires and focusing on what's most important, I believe you can reach your financial goals more quickly. For instance, foregoing bigger houses, fancy cars, and expensive dinners. Thirteen years ago, I sold my F150 to buy a two-door Honda Civic,

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GlennYaney

@GlennYaney

10 months

@AnthonyTumbiolo This picture should be put in a frame in your office.

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GlennYaney

@GlennYaney

21 days

@7Saturdaysaweek Did they have to work till they were 59.5? Or were their incomes so high the contributions were a drop in the bucket?

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GlennYaney

@GlennYaney

10 months

@moseskagan I didn’t know there was any other way. Most of our stuff is 50 units or less. Maybe one day we can graduate to non recourse.

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GlennYaney

@GlennYaney

10 months

@j32pmxr 300 a week for groceries. Family of 4 eating pretty healthy food. Nothing really processed.

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GlennYaney

@GlennYaney

9 months

Do wealthy people (NW over 10 million) teach their kids to invest in a 401k or do they teach them how to add real value into the world?

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GlennYaney

@GlennYaney

4 months

How much is this house in your neighborhood?

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GlennYaney

@GlennYaney

10 months

@LucsLeads Think of that job then going to get your kids from preschool then serve them without any help.

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GlennYaney

@GlennYaney

9 months

When people question why you make sacrifices……

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GlennYaney

@GlennYaney

21 days

@Atlutdfandom @thecopyroad Maybe if they put their money towards paying off debts and increasing income they wouldn’t have to worry about RMDs.

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GlennYaney

@GlennYaney

10 months

If you can’t afford housing chances are many cannot. Hang in there, become resourceful. The economy is never balance and the buying opportunities will come. When times are good, increase your income and decrease your expenses. When times are bad, increase your income and

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GlennYaney

@GlennYaney

21 days

@iBobbyShell Agree. Unfortunately the message is received by people with good habits that are extremely frugal to find out they wasted 10 years saving in the money cage.

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GlennYaney

@GlennYaney

4 months

@ianbuildswealth A major factor in shifting my savings rate was not having a car payment. Whatever you have to do to get out from underneath that debt. When I paid my car off I magically had extra money left over.

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GlennYaney

@GlennYaney

9 months

@girdley @TheMattViera Being a millionaire doesn’t mean you get to go on vacation!

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GlennYaney

@GlennYaney

4 months

Insurance and interest rates are the double edged sword. Just found a property that would be a screaming deal a year ago doesn’t even service the debt today.

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GlennYaney

@GlennYaney

21 days

@DadInvest I think the point you’re making is cereal is terrible for you?

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GlennYaney

@GlennYaney

4 months

@irentdumpsters I’ve never felt better eating red meat. Lost 50 lbs removing the other stuff.

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GlennYaney

@GlennYaney

10 months

@skylarromines Yikes! Didn’t think of that.

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GlennYaney

@GlennYaney

5 years

@wafflesonwed We should call it "Personal Capital"

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GlennYaney

@GlennYaney

9 months

At what point is it inappropriate to talk about your income?

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GlennYaney

@GlennYaney

10 months

@BrentonTask My wife is out of town and I’ve had my kids for 2 days by myself. I couldn’t imagine working raising my 2 & 4 year old on my own.

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GlennYaney

@GlennYaney

8 months

@theficouple We pull in about $1,200 a month on credit card reward points….

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GlennYaney

@GlennYaney

4 months

@TheDrugMoney 1.3 million

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GlennYaney

@GlennYaney

4 months

@Luuuey Right after the dollar stopped being backed by gold. Who would have guessed.

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GlennYaney

@GlennYaney

6 years

@morganhousel

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GlennYaney

@GlennYaney

10 months

@ScrappyTyler 300 a week on groceries for a family of 4. I haven’t been able to crack this one. I’d also add this isn’t my financial picture currently.

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GlennYaney

@GlennYaney

2 years

@StIroningShirts Prices will drop but real estate is sticky. Super low interest rates will make a lot of sellers into landlord before they sell for a lower price which will create less inventory. In 2008 sellers were forced to sell due to teaser rates and arm loans.

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GlennYaney

@GlennYaney

9 months

Interesting how investors line up when prices are high and they are nowhere to be found when prices drop.

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GlennYaney

@GlennYaney

1 year

@indexnforgetit All you have to do is max out your credit cards to temporarily lower your credit score. Then pay them off after you close. Wahla you get a lower rate and you can maintain a higher credit score!

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GlennYaney

@GlennYaney

5 months

Join me as I interview @BrettBuras_REI , a fellow Tampa real estate investor. Brett started as an entrepreneur in the marketing world. After selling his marketing business he moved into real estate where he ultimately found success in wholesaling real estate, property

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GlennYaney

@GlennYaney

5 months

@mcarlson72 Flying under the radar is how you get deals. When you drive a fancy car no one feels bad for you.

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GlennYaney

@GlennYaney

9 months

What’s your favorite part about your job?

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GlennYaney

@GlennYaney

1 year

@TheDrugMoney We’re in the same market. I would say 1800 to 2k I haven’t been keeping up recently. I’m in the mobile home world. 2/2 mobile home would be around 1200 to 1300.

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GlennYaney

@GlennYaney

10 months

@ThinkAppraiser Sounds like you’re doing just fine. I think you’re on the right track for happiness. I’d look into the properties with the most equity and put a line of credit on it. It’s not for everybody.

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GlennYaney

@GlennYaney

2 years

@BusinessFamous If you have million dollar net worth with no income your still middle class. If you have a million dollar net worth with 80 to 90k of income I would consider that wealthy.

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GlennYaney

@GlennYaney

6 months

Join me as I interview @Thefrugalgay11 , a real estate investor based out of Dallas, Texas. Tom started his career in movie theatre management and became Financially Independent at the age of 39 after building his real estate portfolio. In his journey to financial independence,

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GlennYaney

@GlennYaney

3 months

@sweatystartup Everything he worked for is wrapped up in that letter.

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GlennYaney

@GlennYaney

11 months

@TheCashFlow_Guy Construction is about to hit a wall. Housing isn’t turning over as quickly which drive the amount of construction jobs. Higher gas prices meets lower demand.

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GlennYaney

@GlennYaney

9 months

A lot of people bash Grant Cardone. What part of his message do you disagree with?

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GlennYaney

@GlennYaney

9 months

@MultifamilyMad Get married before she finds out!

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GlennYaney

@GlennYaney

8 days

@ChrisRamsey60 A lot of times I don’t even feel like I’m working but my wife is adamant that’s all I do. 🤣

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GlennYaney

@GlennYaney

7 months

@US_Stormwatch Does this mean global warming is over?

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GlennYaney

@GlennYaney

21 days

@DogPoundPicks @BarrettKearns Real estate and income producing assets. Deferring your taxes when your poor sounds very inefficient.

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GlennYaney

@GlennYaney

9 months

I’m starting a podcast and would like to interview people that are Financially Independent. If you’re interested in having a chat feel free to DM me. You can stay anonymous if you’d like.

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GlennYaney

@GlennYaney

4 months

Join me as he interviews @irentdumpsters , a 24-year-old entrepreneur from New York, who has found his financial success in co-owning a dumpster rental business. From his internship in marketing at Benjamin Moore to creating a blog on financial freedom, Bodhi has had an

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GlennYaney

@GlennYaney

8 months

What’s more likely to hit $600,000 first?

Median home price

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Bitcoin

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GlennYaney

@GlennYaney

8 months

Twitter seems to be for the masses and not the people actually accomplishing anything. The qualified influencers posting, do you think they are scrolling aimlessly getting knowledge on how to level up?

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GlennYaney

@GlennYaney

10 months

@PurpleHound3 Managing mobile home parks, I see it all the time.

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GlennYaney

@GlennYaney

10 months

@ContrarianSaver The 12% is secured to real estate that I’m partnering and managing.

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GlennYaney

@GlennYaney

5 months

@Jack_Allweil Once a month atleast lol.

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GlennYaney

@GlennYaney

10 months

@ErnRetireNow Just hearing all this conversation about withdrawal rates just reconfirms my opinion that income producing assets is better than stocks.

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GlennYaney

@GlennYaney

4 months

When people talk about infinite banking I think the argument about banks failing is ridiculous. If banks fail where do you think insurance companies keep their money? The reason for infinite banking would be guaranteeing your legacy while creating liquidity to capitalize on

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GlennYaney

@GlennYaney

10 months

@theficouple Most people want the paycheck but don’t want to do the work.

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GlennYaney

@GlennYaney

4 months

@ThinkAppraiser How much would this place be not in between the railroad and highway?

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GlennYaney

@GlennYaney

4 months

Just increased my childcare bill to $2,670 a month. Not including babysitting on date night. $2,350 preschool for 2 kids(2 & 5 yr old) $320 babysitter after hours for meetings at night.

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GlennYaney

@GlennYaney

21 days

@Jake_99123 Not until your income is over 400k a year.

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GlennYaney

@GlennYaney

4 months

What is your goal in the next 5 years?

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GlennYaney

@GlennYaney

4 months

What’s your definition of financial freedom?

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GlennYaney

@GlennYaney

6 months

On the pursuit of financial independence, I thought the goal was to not work. Now I’m financially independent, I know now that work is part of having a fulfilling life. Sometimes “the grind” is the key to happiness. If everything was easy, the destination would be a let down.

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GlennYaney

@GlennYaney

3 months

@TheDrugMoney We tried to do reservations with 12 guys at council oaks at the hard rock casino in Tampa and they require 2k deposit. We didn’t go there.

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GlennYaney

@GlennYaney

9 months

@FinPhilosopher Andrew Ross Sorkin is terrible. I feel like he is related to someone to have the job he has.

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GlennYaney

@GlennYaney

6 years

@morganhousel This is my experience with forex trading.

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GlennYaney

@GlennYaney

2 years

@FinanceHippy To be in the 1%, by definition, you have to do and think what the other 99% aren’t doing and thinking.

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GlennYaney

@GlennYaney

10 months

@CaseyMericle Is wrap around mortgage a fancy way of saying 2nd mortgage?

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GlennYaney

@GlennYaney

4 months

I received some harsh criticism from a person I respect the other day. My initial instinct was to defend myself. Then, I engaged in a mental internal argument with the person who criticized me. However, true growth occurs when I examine the reasons behind the criticism and

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GlennYaney

@GlennYaney

5 months

@ThinkAppraiser Etherum is a distraction. Stick with what you know.

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