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postboredom
Community Member
1 posts
1.2K comments
3K upvotes
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This lazy panda didn't forget to write anything about itself. It just didn't want to.
postboredom • upvoted 37 items 2 years ago
RussiaIsRodina reply
My dad barely qualifies as a millionaire in the loosest sense. He has told me that there is a certain threshold of wealth where you can just become reliably wealthier and wealthier without a big limit. It goes like this: He has a friend from Berkeley who worked on Wall Street in the 80s and left with about $1000000 in his bank account by age 35 He used half of that money to start his own business which solar product that was greatly needed by other businesses in the area. After about 4 years of that, he bought an apartment complex for some side income. After 7 years the apartment complex has paid for itself, and he spends the profit that year on becoming a majority shareholder in another small business in the area. After making money on that, he start another small business this time only loosely run by him with a separate CEO to run the company. Using previously accumulated money he buys a golf course and now he is technically unemployed, but the dude makes between 3 and 4 million a year off of his passive income. He called me a little while ago saying that his son is a bit of a s**t and that he wants to send him to the military school where I went. I wouldn't be surprised if his son never sees him.
iHitchhikesometimes reply
Relationships. I once worked at an Olympic horse ranch in Colorado, and the owner was from Seattle and was friends with someone that played guitar w Kurt Cobain. Then talking to one of the riders, they had been to a party over the weekend that March Zuckerberg was at. That’s when it hit me - when you’re rich, you just know everyone, or knows someone that knows them. Six degrees of separation is only for the masses. The elites is closer to two or one.
Mazon_Del reply
A while back some guy on here was talking about his experience working as a sort of personnel manager for a billionaire and how things are just wildly different for them. The specific example he used was how things work when these people want to go on a trip, and give any notice at all to their employees. What happens is that an advanced team gets sent ahead by a few days to scope out the rented/bought location and report back exact dimensions for closet space, drawer space, etc. People back at the home go through the clothing, jewelry, etc, and draw up a priority list which is sent to the advanced team. The advanced team then spends the next two days purchasing the list of items. Entire wardrobes, jewelry sets, makeup kits, bathing supplies, etc. Anything they cannot get (not enough time, or is one-of-a-kind like the family heirloom watch the rich dude wears every now and then) is relayed to the house-team. The family's schedule is arranged such that the moment the family leaves the house on the day of travel, a whole team of people rushes through and packs up all the remaining items (only after the family leaves, you wouldn't want to deny them access to their items for even a few seconds) which are then sent ahead to the airport while the family has a lunch or something somewhere. Upon landing, their luggage takes one route (direct) and the family takes a similarly indirect route (unless otherwise directed) such that by the time they get to the location all of their items are not just unpacked but in their proper organized locations and ready for use without any of the advanced team ever being visible to the family. What happens when the family leaves the location? The same situation in reverse, but quite frequently all of the repurchased items are just disposed of in some method. It's just easier, if not cheaper, to rebuy them each time the family goes somewhere if they aren't travelling to too many different locations in quick succession.
hahahahthunk reply
Time. All that c**p you do - commuting, grocery shopping, cooking, cleaning your house, waiting on hold, paying bills - all those chunks of your life that are eaten up by minutiae - rich people buy out of all that routine garbage. Time is all you really get in your life. Rich people buy it back.
A_Crinn reply
Landing 747s in small airports. I grew up around Lexington, KY. The region is huge on horses, particularly Thoroughbred horses. The entire city is surrounded by horse farms, and these farms breed some of the best racing horses in the world. The rich and famous will often come here to buy Thoroughbreds to add to their breeding stock. One such person is a shiek from Dubai (i think?) who owns his own private 747. Now the local airport isn't rated for 747s, and it's not legal to land one there unless it's a emergency. The shiek doesn't care though and lands his 747 there anyways. The airport fines him every time he does this, which he is totally fine with paying. I've been told that many of the upgrades to the airport over the years where almost entirely funded with money from those fines.
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postboredom • commented on 3 posts 2 years ago
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postboredom • upvoted 20 items 2 years ago
RussiaIsRodina reply
My dad barely qualifies as a millionaire in the loosest sense. He has told me that there is a certain threshold of wealth where you can just become reliably wealthier and wealthier without a big limit. It goes like this: He has a friend from Berkeley who worked on Wall Street in the 80s and left with about $1000000 in his bank account by age 35 He used half of that money to start his own business which solar product that was greatly needed by other businesses in the area. After about 4 years of that, he bought an apartment complex for some side income. After 7 years the apartment complex has paid for itself, and he spends the profit that year on becoming a majority shareholder in another small business in the area. After making money on that, he start another small business this time only loosely run by him with a separate CEO to run the company. Using previously accumulated money he buys a golf course and now he is technically unemployed, but the dude makes between 3 and 4 million a year off of his passive income. He called me a little while ago saying that his son is a bit of a s**t and that he wants to send him to the military school where I went. I wouldn't be surprised if his son never sees him.iHitchhikesometimes reply
Relationships. I once worked at an Olympic horse ranch in Colorado, and the owner was from Seattle and was friends with someone that played guitar w Kurt Cobain. Then talking to one of the riders, they had been to a party over the weekend that March Zuckerberg was at. That’s when it hit me - when you’re rich, you just know everyone, or knows someone that knows them. Six degrees of separation is only for the masses. The elites is closer to two or one.Mazon_Del reply
A while back some guy on here was talking about his experience working as a sort of personnel manager for a billionaire and how things are just wildly different for them. The specific example he used was how things work when these people want to go on a trip, and give any notice at all to their employees. What happens is that an advanced team gets sent ahead by a few days to scope out the rented/bought location and report back exact dimensions for closet space, drawer space, etc. People back at the home go through the clothing, jewelry, etc, and draw up a priority list which is sent to the advanced team. The advanced team then spends the next two days purchasing the list of items. Entire wardrobes, jewelry sets, makeup kits, bathing supplies, etc. Anything they cannot get (not enough time, or is one-of-a-kind like the family heirloom watch the rich dude wears every now and then) is relayed to the house-team. The family's schedule is arranged such that the moment the family leaves the house on the day of travel, a whole team of people rushes through and packs up all the remaining items (only after the family leaves, you wouldn't want to deny them access to their items for even a few seconds) which are then sent ahead to the airport while the family has a lunch or something somewhere. Upon landing, their luggage takes one route (direct) and the family takes a similarly indirect route (unless otherwise directed) such that by the time they get to the location all of their items are not just unpacked but in their proper organized locations and ready for use without any of the advanced team ever being visible to the family. What happens when the family leaves the location? The same situation in reverse, but quite frequently all of the repurchased items are just disposed of in some method. It's just easier, if not cheaper, to rebuy them each time the family goes somewhere if they aren't travelling to too many different locations in quick succession.A_Crinn reply
Landing 747s in small airports. I grew up around Lexington, KY. The region is huge on horses, particularly Thoroughbred horses. The entire city is surrounded by horse farms, and these farms breed some of the best racing horses in the world. The rich and famous will often come here to buy Thoroughbreds to add to their breeding stock. One such person is a shiek from Dubai (i think?) who owns his own private 747. Now the local airport isn't rated for 747s, and it's not legal to land one there unless it's a emergency. The shiek doesn't care though and lands his 747 there anyways. The airport fines him every time he does this, which he is totally fine with paying. I've been told that many of the upgrades to the airport over the years where almost entirely funded with money from those fines.hahahahthunk reply
Time. All that c**p you do - commuting, grocery shopping, cooking, cleaning your house, waiting on hold, paying bills - all those chunks of your life that are eaten up by minutiae - rich people buy out of all that routine garbage. Time is all you really get in your life. Rich people buy it back.
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