Zappos CEO and Billionaire Tony Hsieh lives in a $950 per month, 250 sq ft trailer

[skeetsinternal]

Hmmm

 

[Bigtymer301]

I swear some people do live I'm a different reality. The vast majority of them budget nikkas you talking about are living like that but dudes with real money aren't period. I won't disagree if you talking about dudes that barely have a million but in the case of this story and people with big money stop it dog and that's who we usually talking about when these stories come up. Ain't nobody talking about the dude that has a good job making low six figures that's where y'all dudes gets disingenuous at because y'all know this.

Bruh Im about done with this, but I'm talking about the majority of millionaires, over 90% have less than 10 million dollars in net worth. We not even talking liquid assets, but net worth. You can't be spending money at a reckless rate, and stay rich, if you aren't in that 10+ range, and even then people go broke. If you have to build wealth in one generation, meaning no inheritance, then you are going to have to be frugal, plan and save. I made no reference to buddy in the trailer. When I say millionaire, that means anyone with a net worth of 1 million or more. There are more people like this that fall into "The dude that has a good job making low six figures" category, than in any other category. Hence, most millionaires are frugal.

 

[jwonder]

fukk that. A billionaire? Come on. I would have a pimp tight house that I bought for a million. Don't need a resort type house but don't need to be that damn cheap

 

[Kid McNamara]

And this is how you stay rich ladies and gentlemen, not blowing your money on stupid shyt you can't really afford.

More of this idiotic nonsense.

Most rich people are penny pinchers and cheap . That's nothing new

This isn't a myth. At least the rich people living cheaply part.

I went to a private school my entire life and have grown up around truly wealthy cacs in MN. I'm talking kids whose parents made 33 to 66 mil a year as CEOs.

These dudes truly are penny pinchers when you see how wealthy they are. For example if you are making 33mil a year, what kind of car would you drive. This ceo guy was driving a Volvo. Whereas you can go to any big city and see some guy making. 150k a year driving a brand new bmw. Little things like that.

You are right. Having more money allows you more flexibility, but most older wealthy folks aRe not in Gucci. Their daughters are with the credit card

Little things like what? First of all, this is not true.

Second, even if it were, what point would it prove? This has nothing to do with how they acquired their wealth...so, who cares how they choose to spend it afterwards.

 

[PewPew]

Oh I know this for sure. Don't know why dudes acting like most dudes with big money not buying crazy stuff. Rolls Royce and the like isn't being kept in business by the local D boy/stunters but dudes will go their grave thinking rich people driving pintos, living in huts, and wearing 20yr old new balances is the norm.

This is very true. I know several rich folks, like 8 figures rich, and their house/car game is pretty tame. But they have a $5 million dollar plane, their own resort in the Bahamas, and a sport fishing boat thats easily 7 figures. They also travel year round and stay at the best hotel when they do. So on the outside do they look "frugal?" YES, but just because the car is average doesnt mean the lifestyle is

 

[philmonroe]

Bruh Im about done with this, but I'm talking about the majority of millionaires, over 90% have less than 10 million dollars in net worth. We not even talking liquid assets, but net worth. You can't be spending money at a reckless rate, and stay rich, if you aren't in that 10+ range, and even then people go broke. If you have to build wealth in one generation, meaning no inheritance, then you are going to have to be frugal, plan and save. I made no reference to buddy in the trailer. When I say millionaire, that means anyone with a net worth of 1 million or more. There are more people like this that fall into "The dude that has a good job making low six figures" category, than in any other category. Hence, most millionaires are frugal.

Be done with it no need to say you are. I'm not saying spend at a reckless rate. I just said dudes with money are buying nice things contrary to what y'all want to kick. I see where the disagreements come from but I was keeping in context with dude while you were talking in general. I see that now but believe it or not people with money esp younger people spend it (obviously not all of it) on some nice things here and there period. If we can't agree in that fukk lets agree to disagree. Peace

 

[philmonroe]

This is very true. I know several rich folks, like 8 figures rich, and their house/car game is pretty tame. But they have a $5 million dollar plane, their own resort in the Bahamas, and a sport fishing boat thats easily 7 figures. They also travel year round and stay at the best hotel when they do. So on the outside do they look "frugal?" YES, but just because the car is average doesnt mean the lifestyle is

Exactly my parents are like this to a way lesser degree and some of the lawyers they know that are making that long bread do it way big. I mean private jets, rolls, Bentleys, nice houses in multiple places the works. I'm not talking just on some hearse I'm talking from real life living because of my parents.

 

[Kid McNamara]

I swear some people live in a different reality. The vast majority of people who are rich, and stay rich, are frugal with their money. They plan, budget, and live below their means. The average person will never see 10+ million dollars in their lifetime. Currently only 6 percent of millionaires have more than 10 million. It is very feasible for people to become millionaires working normal 9-5 jobs. You just have to be willing to sacrifice. If you wanna blow your cash, do you, it don't affect me in any way. Still doesn't change that the majority of the rich are frugal.

The bolded is meaningless because you've failed to specify a timeframe.

Also...define rich.

 

[Kid McNamara]

Bruh Im about done with this, but I'm talking about the majority of millionaires, over 90% have less than 10 million dollars in net worth. We not even talking liquid assets, but net worth. You can't be spending money at a reckless rate, and stay rich, if you aren't in that 10+ range, and even then people go broke. If you have to build wealth in one generation, meaning no inheritance, then you are going to have to be frugal, plan and save. I made no reference to buddy in the trailer. When I say millionaire, that means anyone with a net worth of 1 million or more. There are more people like this that fall into "The dude that has a good job making low six figures" category, than in any other category. Hence, most millionaires are frugal.

Ok, it's clear you're talking out your ass.

No one builds "wealth" by being frugal. Wealth is built by an event or a series of events, not by penny pinching and clipping coupons. Stop spreading misinformation based on your zero knowledge.

You can perhaps "live well" by planning, saving, and living "below your means." -- whatever that means, but you're not becoming rich or wealthy that way.

 

[philmonroe]

Ok, it's clear you're talking out your ass.

No one builds "wealth" by being frugal. Wealth is built by an event or a series of events, not by penny pinching and clipping coupons. Stop spreading misinformation based on your zero knowledge.

You can perhaps "live well" by planning, saving, and living "below your means." -- whatever that means, but you're not becoming rich or wealthy that way.

I agree with you for the most part but you can get "wealth" at the level he's talking about doing it that way but you'll be too old to spend it for the most part. You'll be like sixty or older. A great book a lot of people need to is the millionare fastlane that really explains to people that don't seem to know now you get rich how it happens. You get rich by get big sums at a time not the way most think they get it. When you get checks for 6 figures at a time and your expenses are dwarfed by that that's how you get rich. Thought that was common knowledge guess not

 

[666 ReVeNGe 666]

I want to work there. So dope

 

[Kid McNamara]

Seems like a good guy and the greatest boss ever

Did we watch the same video. Dude is autistic with absolutely no personality at all.

Further, his employees sounded like they were parroting off some corporate nonsense as he stood over their shoulder.

People think working for Google, Zappos, Facebook, Apple, etc. is somehow less corporate than working for IBM or Intel.

It isn't.

No hate on dude at all, he reminds me of a number of other highly successful leaders (almost all of them).

 

[Kid McNamara]

I agree with you for the most part but you can get "wealth" at the level he's talking about doing it that way but you'll be too old to spend it for the most part. You'll be like sixty or older. A great book a lot of people need to is the millionare fastlane that really explains to people that don't seem to know now you get rich how it happens. You get rich by get big sums at a time not the way most think they get it. When you get checks for 6 figures at a time and your expenses are dwarfed by that that's how you get rich. Thought that was common knowledge guess not

What level is that? Wealth is not a million or two, that's simply "living well." And as I stated earlier, no one cares about having a million or two in the bank at 60 as your life is effectively over.

You need events to create wealth (we are saying the same thing, you use the term "big sums").

 

[philmonroe]

What level is that? Wealth is not a million or two, that's simply "living well." And as I stated earlier, no one cares about having a million or two in the bank at 60 as your life is effectively over.

You need events to create wealth (we are saying the same thing, you use the term "big sums").

Yeah I know we are saying the same thing basically just wanted to explain what he was talking about to be fair to dude though that's all. You've read the millionaire fastlane too? Seem like it using events

 

[BujuBoombastic]

Don't know why most coli men are mad.

He's happy with his life. And @ dudes giving out financial advice to a billionaire. Mane I love the coli.