Is It Really Inevitable?

Now Is The Time To Be Ready For Tomorrows Opportunities, Apple Is Changing Course, Condos Might Be A Big Opportunity And More...

The Daily Ninja 6/18/24

Updates From The Economic Ninja

(6/17/2024)

  • ๐Ÿ’ผ It's important to be prepared and take advantage of the opportunities that come with a downturn in the market.

  • ๐Ÿก Be prepared for a housing market downturn by taking actionable steps now to qualify for a mortgage when others can't.

  • ๐Ÿก Buying a house led me to become a millionaire just 2 and a half years later on paper.

  • ๐Ÿก Buying a home or rental property can be the easiest way to become wealthy, but many people are never ready and end up losing thousands of dollars.

  • ๐Ÿ“ˆ Taking action and putting in the work is the path to success.

  • ๐Ÿก Home ownership can only be made possible right now two ways: if you have a rich uncle that just died and gave you his money, or if you use someone else's money to leverage.

(6/17/2024)

  • ๐Ÿ“‰ The economic impact is evident as 27% of Americans are now skipping meals due to decreased buying power.

  • ๐Ÿ’ณ The move comes after Apple announced it would start allowing installment loans later this year through third-party companies and credit/debit cards from issuers such as City Group.

  • ๐Ÿ“‰ Apple's offer to split payments for products without interest is a sign of a broken American consumer, indicating a potential economic meltdown.

  • ๐ŸŽ Apple's decision to stop offering interest-free installment loans is a major shift in their strategy.

  • ๐ŸŽ Apple's involvement in financial backend and loan decisions for Apple Card program is controversial and surprising.

(6/17/2024)

  • ๐Ÿ’ฐ The Ninja shares personal finance stories to provide insight, not advice, on whether to sell a 401k to invest in other assets.

  • ๐Ÿก Jesse's success story of buying a duplex in another state after taking a real estate course is inspiring.

  • ๐Ÿ’ฐ Real estate does not hyperinflate unless the government prints money and hands it to everyone, so it can be a good investment during inflationary times.

  • ๐Ÿ’ฐ The decision to sell a 401k for alternative investments can provide a sense of security and independence from the stock market and government control.

  • ๐Ÿก The peace of mind from paying off a home transcends understanding and brings clarity of mind.

  • ๐Ÿก Jesse's 17% cash on cash return in real estate is an amazing idea for investment.

  • ๐Ÿก Buying real estate can be a smart investment if done strategically and with a safety net in place.

  • ๐Ÿ’ฐ More millionaires are made during economic downturns, as people take advantage of the situation to make money.

(6/17/2024)

  • ๐Ÿคฏ Our entire country is losing their mind over the government's corrupt and lost policies, and if you're not preparing for hard times or standing up against it, you're part of the problem.

  • ๐Ÿ’ณ Nearly 50% of parents with children under 18 go into debt for Disney trips, contributing to the national credit card debt of over $1.12 trillion.

  • ๐Ÿฐ 2. The idea of Disney being an "evil organization" and the impact of their financial practices on families is a controversial topic worth discussing.

  • ๐Ÿณ๏ธโ€๐ŸŒˆ The decision to remove the signs is seen as an example of people losing their minds, with some members of the gay community expressing that they do not agree with the decision.

  • ๐ŸŒ I don't care about your nationality, religion, or creed, I care that you're the type of person that wants to lead a good life and be good to others.

  • ๐Ÿ The Ninja expresses strong disdain for fence sitters and cowards in the social media business, calling them out for their lack of courage and integrity.

  • ๐Ÿค‘ "We can bankrupt these companies I don't mind going out on a limb to lose everything I built up here if I'm G to stand up for my beliefs."

(6/17/2024)

  • ๐Ÿ’ฐ Condo owners in South Florida are getting slapped with six-figure special assessments, leading to a mass exodus of condo sales in the area.

  • ๐Ÿ  HOAs have more power than banks when it comes to foreclosures, making them a force to be reckoned with for homeowners.

  • ๐Ÿ’ฐ Condo associations in Florida are hiking fees to meet safety standards following the 2021 Surfside condo collapse, leading to a nearly $30 million special assessment for repairs.

  • ๐Ÿ’ฐ Condo owners are facing financial challenges due to the need to liquidate and deal with hefty assessments for retrofitting.

  • ๐Ÿ“‰ Real estate owners are dumping condos fast, indicating a potential decline in the condo market.

  • ๐Ÿ’ฐ There is an opportunity to capitalize on the panic by purchasing condos at a reduced price or in foreclosure.

Keep Crushing It!

-Ninja Out

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