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What do insanely rich people buy? (Good read)


 
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 1 week ago '09        #76
TheNetworkBlast 16 heat pts16
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 shooter said
When a society doesn't accommodate for it's weakest or most vulnerable citizens, you set yourself up for a situation where they start realizing that the best thing to do for survival is to take the food off YOUR plate.

Your mentality is outdated fam.

Why do you think the wealthiest people in our country are talking so much about giving a monthly check to everybody. It's called "basic income". Google it asap. They don't want the poor coming for their heads in 5-10 yrs as the automation and technology that's making ppl rich k!lls all the jobs/ salaries.

History shows us that the ruling class does not want an angry, hungry, mob connected only by their poverty coming for their necks. That's how MLK got shot.
it's all good. i know people won't like it because they've never been around it or don't even have a solid path to get there. but if the shoe was on the other foot, i doubt a lot of you would give the fu*ks that you claim you would.
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 1 week ago '09        #77
TheNetworkBlast 16 heat pts16
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and on that note i'm out this bi*ch. good luck to you out there. hopefully that hand out you all have been looking for eventually comes to your doorstep.

 1 week ago '09        #78
TheNetworkBlast 16 heat pts16
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 ChickzNKickz said
That doesnít mean he works harder, just smarter.
cheese grits or regular grits...ham or sausage...waffle...chocolate chips with that? hash browns...covered and smothered?

vs.

fu*k that sh*t, bezos works harder.

 1 week ago '05        #79
ChickzNKickz 102 heat pts102
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 TheNetworkBlast said
cheese grits or regular grits...ham or sausage...waffle...chocolate chips with that? hash browns...covered and smothered?

vs.

fu*k that sh*t, bezos works harder.
Most CEOíS and upper exects canít handle the rigorous work that comes with a 9-5.

Thatís Word to ďUndercover BossĒ

 1 week ago '09        #80
TheNetworkBlast 16 heat pts16
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 ChickzNKickz said
Most CEOíS and upper exects canít handle the rigorous work that comes with a 9-5.

Thatís Word to ďUndercover BossĒ
that's because they don't HAVE to. trust me, if they HAD to get it together like the regular people, they'd figure it out if that's what it meant they had to do to eat.

 1 week ago '05        #81
ChickzNKickz 102 heat pts102
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 TheNetworkBlast said
that's because they don't HAVE to. trust me, if they HAD to get it together like the regular people, they'd figure it out if that's what it meant they had to do to eat.
Which proves my point that they tend to work smarter not necessarily harder like you mentioned.
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 1 week ago '04        #82
qutaboi225 53 heat pts53
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 TheNetworkBlast said
not going to lie, that made me laugh. but seriously, if you think the waffle house worker is going harder than the people above her you have no idea what it means to be a boss. we'll continue using waffle house as an example. there are 2,100 waffle houses in america. Let's say 20 people work at each waffle house. that's 42,000 in the labor force. then you have headquarters, a board, etc. the people at the top making the decisions so they stay in business and feed families don't deserve a blank check?
The fact that you're making that argument let's me know that YOU have no idea what it means to be a boss. Countless billionaires admit they have to make tough decisions but wouldn't mind paying more taxes or doing more to help humanity. Its like we're living in the matrix. The POOREST mfkers arguing for the very people that say they don't deserve what as much as they get. But if the gov't and lobbyist keep giving the tax breaks and handing them money they're like why not? On top of that majority of CEO's and billionaires, including our Sunkist President are failures. Yet they are STILL rewarded giant bonuses and payouts. Wall Street hedge fund managers are huge pieces of sh*t and definite failures in most cases on paper, but spend most their time on cocaine binges and orgies and vacationing at the expense of someones 401k or retirement. You telling me the likes of Wolf or Wallstreet working harder and deserve more than people breaking their backs for 12 hours and barely making it. Its literally a giant pyramid scheme that keeps printing money outta thin air. but as long as they have poor ignorant mfkers like you defending them raping the economy and environment and printing money outta thin air, it'll never end. Im not saying Jeff Bezos doesn't deserve to be rich...but at what point does he send the fruit of his success down to the people that make it happen?
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 1 week ago '18        #83
Kodack sixnine 252 heat pts252
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True. Thanks to inflation 1 million ainít much.

 1 week ago '09        #84
TheNetworkBlast 16 heat pts16
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 ChickzNKickz said
Which proves my point that they tend to work smarter not necessarily harder like you mentioned.
this is funny. dictating people, reviewing algorithms, addressing lawsuits, etc. harder tasks than taking orders and cooking breakfast. period
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 1 week ago '09        #85
TheNetworkBlast 16 heat pts16
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 qutaboi225 said
The fact that you're making that argument let's me know that YOU have no idea what it means to be a boss. Countless billionaires admit they have to make tough decisions but wouldn't mind paying more taxes or doing more to help humanity. Its like we're living in the matrix. The POOREST mfkers arguing for the very people that say they don't deserve what as much as they get. But if the gov't and lobbyist keep giving the tax breaks and handing them money they're like why not? On top of that majority of CEO's and billionaires, including our Sunkist President are failures. Yet they are STILL rewarded giant bonuses and payouts. Wall Street hedge fund managers are huge pieces of sh*t and definite failures in most cases on paper, but spend most their time on cocaine binges and orgies and vacationing at the expense of someones 401k or retirement. You telling me the likes of Wolf or Wallstreet working harder and deserve more than people breaking their backs for 12 hours and barely making it. Its literally a giant pyramid scheme that keeps printing money outta thin air. but as long as they have poor ignorant mfkers like you defending them raping the economy and environment and printing money outta thin air, it'll never end. Im not saying Jeff Bezos doesn't deserve to be rich...but at what point does he send the fruit of his success down to the people that make it happen?
you must not have friends with that much money that keep it real. you said "they say they want to do good for humanity and want to pay more taxes" who's defending who now? then you contradict yourself and talk about wallstreet bankers spending money on hookers and blow. to each his own. i'm not DEFENDING anybody. I just think if you create something that generates that kind of revenue and people are willing to work for what you give them then that's just life. you dont have to accept anything. this sh*t comes down to choices. they chose to move like they did to get to where they got. whether they give away their money or not is NOT my business. i'm content doing what i'm doing to get where i want to be. if it ends up that i can amass those kinds of funds, and i see where humanity will benefit from something more than just "handouts", then of course i'd be generous. but right now, i'm GOOD and i'll never look for a handout because i don't need it.

 1 week ago '05        #86
ChickzNKickz 102 heat pts102
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 TheNetworkBlast said
this is funny. dictating people, reviewing algorithms, addressing lawsuits, etc. harder tasks than taking orders and cooking breakfast. period
All of that is relative, No?

 1 week ago '18        #87
Youngshinebox 73 heat pts73
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 justin747 said
Wow thank for the gold kind stranger!




I fu*king hate the comments on that website with a passion.
Itís always that exact same phrase too.
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 1 week ago '13        #88
misterethoughts 369 heat pts369
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 sOurxd i e s e said
Heres a old reddit post I came across and decided to share, Its a good read

I can answer this one. For some reason, I attract these people into my life. I don't do anything super extraordinary. I am not famous. But I count many peoplewith ultra high net wealth among my close friends and I have spent more time than even I can believe with 8 different billionaires. This is not just meet-and-greet time. This is small group and even one-to-one time. I dated the daughter of one billionaire several decades ago. So I have gotten a peek into this life.
Let's get one thing out of the way. There are gradations of rich. I see four major breaking points:

Worth $10mm-$30mm liquid (exclusive of value of primary residence).
At this level, your needs are met. You can live very comfortably at a 4-star/5-star level. You can book a $2000 suite for a special occassion. You can fly first class internationally (sometimes). You have a very nice house, you can afford any healthcare you need, no emergency financial situation can destroy your life. But you are not "rich" in the way that money doesn't matter. You still have to be prudent and careful with most decisions unless you are on the upper end of this scale, where you truly are becoming insulated from personal financial stress. (Business stress exists at all levels). The banking world still doesn't classify you as 'ultra high net worth'

Net worth of $30mm-$100mm
At this point, you start playing with the big boys. You can fly private (though you normally charter a flight or own a jet fractionally through Net Jets or the like), You stay at 5 star hotels, you have multiple residences, you vacation in prime time (you rent a ski-in, ski-out villa in Aspen for Christmas week or go to Monaco for the grand Prix, or Canne for the Film Festival--for what its worth, rent on these places can run $5k-20k+ per NIGHT.), you run or have a ontrolling interest in a big company, you socialize with Conressmen, Senators and community leaders, and you are an extremely well respected member in any community outside the world's great cities. (In Beverly Hills, you are a minor player at $80 million. Unless you really throw your weight around and pay out the nose, you might not get a table at the city's hottest restaurant). You can buy any car you want. You have personal a.ssistants and are starting to have 'people' that others have to talk to to get to you. You can travel ANYWHERE in any style. You can buy pretty much anything that normal people think of as 'rich people stuff'

$100mm-$1billion
I know its a wide range, but life doesn't change much when you go from being worth $200mm-
$900mm.
At this point, you have a private jet, multiple residences with staff, elite cars at each residence, ownership or significant control over a business/entity that most of the public has heard of, if its your thing, you can socialize with movie stars/politicians/rock stars/corporate elite/aristocracy. You might not get invite to every party, but you can go pretty much everywhere you want. You definitely have 'people' and staff. The world is full of 'yes men'. Your ability to buy things becomes an art. One of your vacation home may be a 5 bedroom villa on acreage in Cabo, but that's not impressive. You own a private island? Starting to be cool, but it depends on the island. You just had dinner with Senator X and Governor Y at your home? Cool. But your billionaire friend just had dinner with the President. You have a new Ferrari? Your friend thinks their handling sucks and has a classic, only-five-exist-in-the-world-type of car. Did I mention women? Because at this level, they are all over the place. Every event, most parties. The polo club. Ultra-hot, world class, smart women. Power and money are an aphrodisiac and you have it in spades. Anything thing you want from women at this point you will find a willing and beautiful partner. You might not emotionally connect, but damn, she's hot. One thing that gets rare at this level? friends and family that love you for who you are. They exist, but it is pretty damn hard to know which ones they are.

$1billion
I am going to exclude the $10b+ crowd, because they live a head-of-state life. But at $1b, life changes. You can buy anything. ANYTHING. In broad terms, this is what you can buy:
Access. You now can just ask your staff to contact anyone and you will get a call back. I have seen this first hand and it is mind-blowing the level of access and respect $1 billion+ gets you. In this case, I wanted to speak with a very well-known billionaire businessman (call him billionaire #1 for a project that interested billionaire #2. I mentioned that it would be good to talk to billionaire #1 and B2 told me that he didn't know him. But he called his a.ssistant in. "Get me the x*xgolf club directory. Call B1 at home and tell him I want to talk to him." Within 60 minutes, we had a call back. I was in B1's home talking to him the next day. B2's opinion commanded that kind of respect from a peer. Mind blowing. The same is true with access to almost any Senator/Governor of a billionaires party (because in most cases, he is a significant donor). You meet on an occassional basis with heads-of-state and have real conversations with them. Which leads to
Influence. Yes, you can buy influence. As a billionaire, you have manyways to shape public policy and the public debate, and you use them. This is not in any evil way. the ones I know are passionate about ideas and are trying to do what they feel is best (just like you would). But they just had an hour with the Governor privately, or with the Secretary of Health, or the buy ads or lobbyists. The amount of influence you have can be heady.

Time. Yes, you can buy time. You literally never wait for anything. Travel? you fly private. Show up at the airport, sit down in the plane and the door closes and you take off in 2 minutes, and fly directly to where you are going. The plane waits for you. If you decide you want to leave at anytime, you drive (or take a helicopter to the airport and you leave. The pilots and stewardess are your employees. They do what you tell them to do. Dinner? Your driver drops you off at the front door and waits a few blocks away for however long you need. The best table is waiting for you. The celebrity chef has prepared a meal for you (because you give him so much catering business he wants you VERY happy) and he ensures service is impeccable. Golf? Your club is so exclusive there is always a tee time and no wait. Going to the Superbowl or Grammy's? You are whisked behind velvet ropes and escorted past any/all lines to the best seats in the house.
Experiences. Dream of it and you can have it. Want to play tennis with Pete Sampras (not him in particular, but that type of star)? Call his people. For a donation of $100k+ to his charity, you could probably play a match with him. Like Blink182? There is a price where they would simply come play at your private party. Love art? Your people could arrange for the curator of the Louvre to show you around and even show you masterpieces that have not been exhibited in years. Love Nascar? How about racing the top driver on a closed track? Love science? Have a dinner with Bill Nye and Neil dGT. Love politics? have Hillary Clinton come speak at a dinner for you and your friends, just pay her speaking fee. Your mind is the only limit to what is available. Because donations/fees get you anyone.
The same is true with stuff. You like pianos? How about owning one Mozart used to compose music on? This is the type of stuff you can do.

IMPACT. Your money can literally change the world and change lives. It is almost too much of a burden to think about. Clean water for a whole village forever? chump change. A dying child need a transplant? Hell...you could just build and fund a hospital and do it for a region.

RESPECT. The respect you get at this level is just over-the-top. You are THE MAN in almost every circle. Governors look up to you. Fortune 500 CEOs look up to you. Presidents and Kings look at you as a peer.

PERSPECTIVE. The wealthiest person I have spent time with makes about $400mm/year. i couldn't get my mind around that until I did this: OK--let's compare it with someone who makes $40,000/year. It is 10,000x more. Now let's look at prices the way he might. A new Lambo--$235,000 becaome $23.50. First class ticket internationally? $10,000 becomes $1. A full time executive level helper? $8,000/month becomes $0.80/month. A $10mm piece of art you love? $1000. Expensive, so you have to plan a bit. A suite at the best hotel in NYC $10,000/night is $1/night. A $50million home in the Hamptons? $5,000. There is literally nothing you can't buy except.
Love. Sorry to sound so trite, but it is nearly impossible to have a normal emotional relationship at this level. It is hard to sacrifice for another person when you are never asked to sacrifice ANYTHING. Money can solve all problems for someone, so you offer it, because there is so much else to do. Your time is SOOOO valuable that you ration it. And that makes you lose connections with people.

Anyway, that is a really long answer, but I have a very unique perspective because I have seen behind the curtain of the great and mighty OZ. just wanted to share

EDIT: Wow! An unbelievable response to this (8x gold and 6000 upvotes. OMG) Thank you for all the comments and PMs. I am working 14 hour days right now, so I can't answer most, but to answer the most common PMs:
Seeing all of this doesn't make me want to get into the top tier. Different lives have the same emotional degree of difficulty:

I met Sylvester Stallone at a party a few months back for the first time. Great guy. Has a beautiful, smart wife and a great career. He had a special needs son who died young. Nobody has it all. Nobody.
Link to original post

 1 week ago '12        #89
sOurxd i e s e 20 heat pts20 OP
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 misterethoughts said
Link to original post
https://www.reddit.com/r/AskReddit/comments/2s9u0s/what_do_insanely_wealthy_people_buy_that_ordinary/cnnmca8/

 1 week ago '07        #90
etherem 
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 YungVino said
Man someone just toss me a couple thousand. That's all I need man. Tryna pay tuition for grad school, pay for my pop's health bills, and get my mom out the hood. Once I do that then my life is complete. Just throw a couple thousands my way first, couldn't even imagine having a million to my name.
what hood. stop lyin. u boxden heads are pitiful

 1 week ago '04        #91
nwking 57 heat pts57
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I don't know about you guys I know a few people who's life change just going from makingn$8 per hr to $25 and they just kept the same life style and just stayed out debt. Of course a millions would be nice I'm just saying you can still have a stress free comfortable life depending on theifr style you want live
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 7 days ago '18        #92
shooter 1 heat pts
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 TheNetworkBlast said
it's all good. i know people won't like it because they've never been around it or don't even have a solid path to get there. but if the shoe was on the other foot, i doubt a lot of you would give the fu*ks that you claim you would.
Ngas make 60k, lease a base model 5 series and start acting like they wealthy Republicans.

Bro no matter what you have... You're closer to poverty than wealth. Tighten up.
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 7 days ago '04        #93
qutaboi225 53 heat pts53
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 TheNetworkBlast said
you must not have friends with that much money that keep it real. you said "they say they want to do good for humanity and want to pay more taxes" who's defending who now? then you contradict yourself and talk about wallstreet bankers spending money on hookers and blow. to each his own. i'm not DEFENDING anybody. I just think if you create something that generates that kind of revenue and people are willing to work for what you give them then that's just life. you dont have to accept anything. this sh*t comes down to choices. they chose to move like they did to get to where they got. whether they give away their money or not is NOT my business. i'm content doing what i'm doing to get where i want to be. if it ends up that i can amass those kinds of funds, and i see where humanity will benefit from something more than just "handouts", then of course i'd be generous. but right now, i'm GOOD and i'll never look for a handout because i don't need it.
See its like you n*ggas can't see pass the handouts. You turn the argument into giving handouts. What im simply saying is...if you're rigging the system then the profits should atleast be "trickled" down to the people making it happen for you. You mfkers talk like these guys are making an honest days mom and pops money. That's just not how it works. Here let me help you.
-Exxon had the Valdez spill years ago.
-They agreed to pay 50 billion in fines to help pay for the people that died directly due to the clean up and pay for people that lifestyle(fisherman, loss of work, etc.) depended on this area.
-The 50 billion was put in a high profit escrow acct. for 25 years instead of being paid out directly. *This was done by paying lobbyist to persuade gov't officials
-Most those people either lost their business or lives in the time it took for the Escrow to mature and litigations to end.
-Exxon then paid lobbyist to drop gas prices by way of "speculation" by friends on Wall Street.
-This in turn allowed them to weather the storm and absorb the losses until smaller refineries that fed local folks went outta business.
-Once they went outta business Exxon and the other big 4 were the only ones controlling oil supply. So they raised prices to make historical profits. (Cartel/Monopoly
-Then they paid lobbyist and gov't officials to pass tax cuts and loop holes that allowed them to move the profit from the Escrow AND the profit from manipulating oil profits to offshore accounts and avoid taxes.

SO...who benefited.
-The lawyers and lobbyist were paid MILLIONS
-The CEO and other executives were paid 8 and 9 figure bonuses
-Gov't officials were bought homes and paid millions in contributions
-Hedge fund managers and Wall Street execs that profited 8 and 9 figure bonuses f

Who lost
-Thousands of locals that had business and depended on local fishing and the smaller refineries that went outta business.
-People who's 401K were in the big 4 companies and couldnt weather the manipulated markets
-The 100% that died from Benzene and exposure from cleaning up the spill

What do we have..
Historically profits still posting and the most on hand cash and best tax laws in history

Dumb fu*kS like you who defend this and say the money shouldn't be taxed higher or they shouldn't be obligated to support the local economies they manipulated and fu*ked in the first place.

But yea its ok...they are all just good ol honest hard working Americans living the dream.


Last edited by qutaboi225; 01-12-2019 at 05:25 AM..
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 7 days ago '09        #94
TheNetworkBlast 16 heat pts16
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 shooter said
Ngas make 60k, lease a base model 5 series and start acting like they wealthy Republicans.

Bro no matter what you have... You're closer to poverty than wealth. Tighten up.
i dont even know how that's possible. be safe guy
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 7 days ago '14        #95
Bigboi781 27 heat pts27
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 ChickzNKickz said
Most CEOíS and upper exects canít handle the rigorous work that comes with a 9-5.

Thatís Word to ďUndercover BossĒ
Fam, Bezos was working 100 hour weeks when Amazon first started up. When youíre first starting a company and no one cares about you, you have to work extremely hard. Remember, he also didnít have a cofounder so thatís even more work that he needed to do to build Amazon. Amazonís the hottest company in the world so he doesnít need to grind anymore, but 9-5 really isnít anything. Also heís a former Wall Street guy, they already clock in more hours than others. You grind so you can work less hours
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 7 days ago '06        #96
Be Easy 3 heat pts
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the reddit could’ve been written by anybody with common sense and no experience

I could’ve written this same post

not much insight here

the replies here are better than the post
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 7 days ago '09        #97
izlar928 33 heat pts33
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You know one thing I hate that people say ....if I get rich I'll still drive a Maxima foh
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 7 days ago '18        #98
shooter 1 heat pts
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 TheNetworkBlast said
i dont even know how that's possible. be safe guy
Means unless you're like $50m+ liquid, you're closer to being broke like everyone else than you are too being worth $1B or even $100m... real wealth.
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 7 days ago '18        #99
shooter 1 heat pts
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 ChickzNKickz said
Most CEOíS and upper exects canít handle the rigorous work that comes with a 9-5.

Thatís Word to ďUndercover BossĒ
Lol stop believing what you see on TV. Most successful CEO types are addicted to work and have to learn to be normal human beings. I'm talking tech & business titans, not the guy who owns 2 dry cleaner locations in your city.
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 7 days ago '09        #100
TheNetworkBlast 16 heat pts16
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 Bigboi781 said
Fam, Bezos was working 100 hour weeks when Amazon first started up. When youíre first starting a company and no one cares about you, you have to work extremely hard. Remember, he also didnít have a cofounder so thatís even more work that he needed to do to build Amazon. Amazonís the hottest company in the world so he doesnít need to grind anymore, but 9-5 really isnít anything. Also heís a former Wall Street guy, they already clock in more hours than others. You grind so you can work less hours
shhhh dont tell them that man. people just wave magic wands and all of a sudden these businesses pop up and start earning money.
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