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

[Kid McNamara]

You still on this. He right, nobody gets rich saving 10k a year. "The budgeted their finances, invested a percentage of everything they made, save their money and are frugal( they carefully weigh whether r not to make purchases, and don't buy an abundance of unnecessary items)" I quoted what I said earlier for you. Either you are too dumb to comprehend, or can't read, because nowhere did I say, saving alone will make you rich. Believe what you want, IDGAF!!

Yes, they budgeted their HIGH-INCOME. That's the key. Maximize your ability to make money!!! That's my whole point, how can anyone disagree with it?

Either that, or be incredibly frugal, which doesn't work and even if it does...no thanks.

 

[Bigtymer301]

Yes, they budgeted their HIGH-INCOME. That's the key. Maximize your ability to make money!!! That's my whole point, how can anyone disagree with it?

Either that, or be incredibly frugal, which doesn't work and even if it does...no thanks.

The more money you make, the more money you can accumulate. This should be common sense. . Keyword is can. Doesn't mean they will. I completely agree with your point to maximize your ability to make money. It would be borderline impossible to build wealth off of a minimum wage job.

Spoiler

If your not striving for better, you lost.

But if your not planning, saving, investing, and being frugal, regardless to how much you make, the money your making can easily disappear. The fact that there are households that make 100k+ a year, but still live paycheck to paycheck shows it takes more than just a good income to accumulate wealth.

 

[Kid McNamara]

The more money you make, the more money you can accumulate. This should be common sense. . Keyword is can. Doesn't mean they will. I completely agree with your point to maximize your ability to make money. It would be borderline impossible to build wealth off of a minimum wage job.

Spoiler

If your not striving for better, you lost.

But if your not planning, saving, investing, and being frugal, regardless to how much you make, the money your making can easily disappear. The fact that there are households that make 100k+ a year, but still live paycheck to paycheck shows it takes more than just a good income to accumulate wealth.

Yea, so we just went back and forth only for you to agree with the original points I was making.

I disagree with the being frugal part but hey.

If you're making 100K+ in a top-tier city it doesn't stretch very far. If you have kids, it's a wash.

 

[DonMakavelli]

The responses in this thread (and others similar to it) is why i think a lot of nikkas on here are dumb.

"Tony Hsiech don't really do that, he's lying, all billionaires and millionaires waste their money on dumb shyt they can't afford, just like me!"
"Bill Gates lying, he living paycheck to paycheck just like me. We all flexing. YOLO"
"Warren Buffet ain't as frugal as you think. Ain't nobody frugal. That shyt lame anyway. Can't take it with you when you go, so spend it it all on ugly italian shoes and belts. YOLO"

goddamn. bunch of smart dumb nikkas.

 

[BelowTheMasonDixon]

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

Breh you sound like a motherfukking fool. Who would live like that when they CAN afford not to?

 

[Field Marshall Bradley]

The responses in this thread (and others similar to it) is why i think a lot of nikkas on here are dumb. But for some reason, think they know more than billionaires do.

"Tony Hsiech don't really do that, he's lying, all billionaires and millionaires waste their money on dumb shyt they can't afford, just like me!"
"Bill Gates lying, he living paycheck to paycheck just like me. We all flexing. YOLO"
"Warren Buffet ain't as frugal as you think. Ain't nobody frugal. That shyt lame anyway. Can't take it with you when you go, so spend it it all on ugly italian shoes and belts. YOLO"

goddamn. bunch of smart dumb nikkas.

I think you’re a lil off base with your post

 

[BelowTheMasonDixon]

The responses in this thread (and others similar to it) is why i think a lot of nikkas on here are dumb. Bires do.

"Tony Hsiech don't really do that, he's lying, all billionaires and millionaires waste their money on dumb shyt they can't afford, just like me!"
"Bill Gates lying, he living paycheck to paycheck just like me. We all flexing. YOLO"
"Warren Buffet ain't as frugal as you think. Ain't nobody frugal. That shyt lame anyway. Can't take it with you when you go, so spend it it all on ugly italian shoes and belts. YOLO"

goddamn. bunch of smart dumb nikkas.

Do most billionaires live in 250 sq foot trailers? Slap ya self for being stupid breh. Nobody should live like that.

 

[Calmye]

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

He would still be rich if he lived in a normal size condo tho. This is all for the attention

 

[Violator]

if he weren't eccentric he wouldn't be in his line of business. can't hate.

 

[DonMakavelli]

He's probably looking to break free.
He could live like 50Cent and be paying $109,000 a month to pay for mortgage, taxes, and maintenance on a huge mansion.
But if he doesn't and pays $950 a month and add $50 for other expenses, he's able to save $108,100 a month if you compare those to expenses. If you multiply $108,100 times 12, that's a savings of $1,297,200.
That means the whole company could go bankrupt and since he didn't buy a lavish mansion, he's still rich and has low expenses. His net worth is more than some well paid athletes and entertainers, because he is not spending as much per year.

I don't know what his endgame is though. Maybe he wants to buy other e-companies and make zappos even bigger.

Exactly

 

[Marc Spector]

makes sense. Guy is probably never home.

 

[kevm3]

a lot of these super rich are notoriously frugal. this dude is just taking it to the extreme.

 

[Dr. Acula]

There is being frugal and then there is being silly

I mean you can still live in apartment but get a 1000+ sq ft or something at least

 

[DPresidential]

Dude owns a jet. He's doing it for effect.

On that eccentric rich dude bullshyt

fukk is he supposed to do to prove he's not a materialistic slave, give up the jet for a donkey?

The point is, even an ounce of modesty showed by a Breh like this is a cool look.

Or nah?

 

[DonMakavelli]

everytime these threads come up it's some angry ass broke nikkas who think they know the proper way to manage a billionaire's money and who try to justify their retarded material greed

That's exactly what they're trying to do.

"You ain't wasting money on stupid shyt, got thousands in savings, and don't have to worry about lay offs? Yeah right, you lying nikka"

Business and property ownership, passive income, 5-6 figures in savings > mediocre job and nikka trinkets