I am a multimillionaire AMAA

would you rather fack a cack or cack a Fack?

god damn it who is this? Brent? only a few people i know would ask this.

Do you ever ," make it rain"?

I have been known to make it rain in vegas once or twice.

I have always had this question. Why do the larger house have so many more bathrooms than there are bedrooms? This plagues me.

larger houses are meant for entertaining. guests tend to piss and shit more than they sleep at a party.

This might sound like a strange question but, when you were younger, say in your teens, did you ever think you would be this successful??

not a chance.

When you became a multimillionaire, what was the first incredibly dump spend you did? As in, a waste of money, but you did it anyway because you could afford it and you just thought "fuck it".

my convertible red Ferrari, I live in the pacific north west. not the best city for a convertible. I regret nothing.

How many PM's are you getting saying "well, if you insist that you could never spend that much money if you tried, why not give me a million?"

I admit, it's always really tempting to ask for money when someone is so blatant about having too much.

I just got a PM from a young lady asking to go on a date.... I found that to be very blunt and ballsy

Do you have over 10 million in the bank?

yes.

I've often wondered about this - multiple 100k accounts to make sure they are all FDIC insured, or f it, one big mamba account?

they are private bank accounts, not under FDIC regulations and insured differently.

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it took me 5 years of hard work to get here. the business that I am in expanded rapidly and exponentially. I am in my 20s

Whats the best thing and worst thing about your wealth or status?

best thing is not having to worry about money ever, worst is the way others act around me.

So, in a way do you think its good to have rich friends where money is the same to them?

sadly yes.

What was your most expensive purchase? Can I borrow tree fitty? Do you own any exotic animals (Maybe a tiny giraffe)? And (last one...) how did you get your start?

I once got very drunk with a few friends from my fraternity a year or so ago and tried to purchase a pigmy giraffe, I contacted my concierge from one of my credit cards, long story short I got a call the next day from said concierge telling me that they could not read my handwriting on the adoption paper work I had faxed the the night before in an attempt to adopt a pigmy giraffe. I had no recollection of any of this.

What fields would you recommend to those of us beginning our higher education?

just don't become a lawyer. I have a number of lawyer friends that can't find jobs because they are dime a dozen these days.

1) Do you ever go without? If your TV breaks, is it no biggy to just go buy a bigger, newer one or are you more conservative with your money?

2) Do you do good deeds, such as giving family, close friends, perhaps employees large sums of cash?

3) Did you inherit your wealth or did you earn it yourself?

4) Are you secretive about your wealth, or do you make it blatantly obvious?

5) How many bedrooms and bathrooms does your house have?

Bonus question) How many houses do you have?

• 1) my TV had never broken, At first when I started out I was very conservative but at some point you start living life and stop caring about spending money. I honestly could not spend even a quarter of the money that I have if I tried. I just don't know how, short of piling it up and burning it.
• 2) I support my parents, I will never put them in a home and I will be there with them till the very end. I also support my siblings, I paid off their mortgages, loans, and other debts. I also employ a large number of family members and friends. I do give to charity as well, someone very close to me was diagnosed with stage 3 breast cancer and since then I have given a lot of money to Susan G Komen.
• 3) I earned every penny myself, it makes it that much sweeter.
• 4) The people that I encounter on a daily basis know about my wealth but if you see me in the street I dress and act very casual.

• 5) 7 bedrooms 11 bathrooms

• 4 houses and 2 condos. (good time to be in real estate in my city)

turtles

every dollar you earn, pretend you only have 25 cents.

Do you feel like reddit supports your lifestyle or not?

I feel like Reddit is very hostile towards the "1%" But I dont share the same elitist views of other rich folks so I feel if you guys got to know me, you'd like me :)

can you tell us about your education background?

I have a business degree from the University of Washington. Business school does not teach you how to run a business, they teach you how to be a good employee for a hedge fund or a bank.

Thanks for doing this AMA!

Quick one. Now that you're super rich, have people invited you to join secret rich-person clubs and tell you the secret that only rich people know about the economy/govt?

Or does that not actually happen?

:)

I have no idea what you are talking about at all. Such clubs do not exist.

If you had to fund a sequel to any movie what would it be?

A Night at the Roxbury

What is love?

baby don't hurt me

Hi milliondollarama. I am a fourth grade teacher in a poverty stricken state in a low ses area. I feel my students, even though they are quite young, have failure-accepting feelings and habits. It is very hard for them to see the great possibilities in their future. How did you get where you are? Hard work? Good investments? Luck? Also, I will probably share this with them tomorrow. Thank you!

persistence, you have no idea how many times things didn't work out for me and I was ready to give up. I kept telling myself that if I keep trying the odds will be in my favor. I hate to say this but a lot of it has to do with who you know and what kind of life you are born into. I was given a lot of opportunities by my family. I think the message you should get across to your students is that no matter how many times they fall they should get back up and try again. I admit i'm not the best person for an example but I hope that they all find their path.

Also, assuming you hang out with other ultra-rich folks, how do they act and think differently from the 99%, in general?

they all think they are better than everyone else because they have more money but the reality of the matter is that they are all morally corrupt and many of them inherited their money. They see themselves as the tit that society is sucking on when in reality they are the ones sucking the life out of everyone else. I strive to be different, at least I try.

How much do you tip?

I was a waiter for YEARS, and honestly in all seriousness I would say that the "upper middle-class" people (household income around 200k) tipped better than the really rich guys.

(these observations were based on comparing tips from professional athletes/singers/CEO's etc. to your average middle-aged family that based on looks/clothes/orders would, around my area, make 200kish)

Are you one of the exceptions to this rule? Of course exceptions exist. My coworker was once tipped 310 on 190 (lady gave her 5 $100 bills and said keep the change)

I tip 30% on everything.

If I googled your name would there be any results?

yes there would.

What were some of the "If I was a billionaire/multimillionaire" things you wanted to do before you became wealthy that you have done?

help my family.

Thanks for the AMA, I've always wanted to ask something of someone with a large amount of money:

Is it really about WHO you know as opposed to how hard you work in life?

absolutely but in my case it was a little bit of both. I guess the people I knew were the ones that facilitated the start of my business so I would have to say that who you know is very important unfortunately.

How does money influence your level of happiness?

Money will not buy happiness but giving it away to people who need it most seems to make my happy so I guess in a very twisted way money did buy me happiness.

Do you still buy lower priced food, clothes, etc.? Or do you always end up buying the top of the market items?

I tend to be more gravitated to the quality of an item than the price tag. I admit that I don't check prices and quality tends to go hand in hand with top shelf, but that is not to say that I wont buy an item just cause it's cheap.

What was the biggest failure you have come across that may possibly also cause you to give up on being the multimillionaire that you are right now?

I was once scammed when I was 18 years old and lost every penny I had saved up, had it not been for a loan from my parents I would have been working a 9-5 at best buy right now.

If you could go back and choose a different lifestyle/career, what would you do differently?

I would be a fisherman....

What is the one thing you found changed the most from having "normal" money to having effectively unlimited money (within reason)?

What's one thing you wish had changed and hasn't?

Money changes everything around you, specially how people act and treat you. None of my friends are comfortable around me so I try to act as down to earth as possible. One thing that has not changed is how I act and dress.

Any plans for the money in case you die? Leave all to the kids or donating?

I don't have kids and I am not married. I never plan on having kids. I plan on leaving it to my immediate family and donating to charity. I also want to commission the building of schools in third world countries. I am very young tho so that is far away, hopefully.

What is something you see as a hot topic right now to invest or focus on, as you did with Apple products when you started?

real estate is rebounding very fast, people that are in the house flipping business are doing very well.

Do you trust lifelock with your social security number?

good question, I have other methods of preventing identity theft.

I come from a middle class family - I'm moving to NYC in 2013 to go to university. I've got a grand total of about 12K in savings [EDIT- For COLLEGE, not just everyday savings]. I'm 17 years old, not working yet but a freshman in community college. How do I make that 12k work for me?

avoid loans at all costs. If you graduate debt free you are already ahead of your peers that graduated years before knee deep in loans. you'd be surprised how much more wiggle room you have and how much more confident you are if you have no debt.

Do you have any plans to retire yet?

35 is the magic number.

Do you ever take request on charities to donate to?

I always keep an open mind, what were you thinking?

Do you ever get depressed? I'm sure you do, so I guess what I'm asking is what kind of things bring you down. Also, what cheers you up? I'm convinced money can't buy happiness so I'd like your perspective. Hope I don't sound like a dick, genuinely curious.

absolutely, I wish I could hang out with my friends without having them make rich comments. What brings joy to me is seeing other people happy after I lend them a helping hand. I never expect anything in return and tend to do many of these acts anonymously.

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I seem to have avoided all negatives associated with being rich minus a few minor things. I would do it all again exactly the same way. However that is not to say that my opinion wont change in the future.

Why do you go to work? why not just live off the money you have earned? Do you plan on retiring early?

work keeps me sane. If I sat at home I would go crazy, I plan on retiring early because my line of work is very mentally taxing. However I don't plan on sitting at home, in order for me to feel like a useful member of society I feel like I need to contribute as long as I'm able bodied.

Was being a millionaire the goal, or did you one day find yourself surprised at the amount of wealth you had incurred?

it was always my goal but I did not imagine I would be here so early in my life.

Would you ever consider investing in start up companies?

I know the only way they can really get going is funding and there are some out there that could pay off big time.

absolutely, I agree with you, I'm always looking for good and mutually beneficial opportunities.

I'm finishing up graduate school, and when I get my first "real" job (let's not count Americorps), I'm know it's going to be hard to not buy all the things.

So my questions are: Did you have a lot of money growing up? And, if not, how did you adjust to a more comfortable lifestyle after you started making the big bucks?

my family had money when I was growing up but never as much as I do now. I feel like im not qualified to give a satisfactory answer to this questions. It was not a huge adjustment for me. However it did help me in the sense that I didn't go crazy once I had all the money and was very modest about it to certain extent.

Thanks for the AMA, just a quick one, Centurion card or Palladium card OR some other super fancy card that has ridiculous benefits?

I have both, Centurion is not as exclusive as Palladium though contrary to common belief

I saw your post regarding business school as teaching you how to be a good employee. I have to ask, how necessary do you believe a bachelors degree is, especially if you have the intent of running your own store. (I actually currently run a small business with iphones online, looking to expand one day, but not wanting to blow my life savings on college when I could use it as a great investment, down payment, on a builind.)

A degree gives you credibility, what you learn on your own from trial and error and just street smarts you can not get from a degree.

If you hypothetically lost everything, and the bottom fell out of your industry, what would you do to try and get rich again?

I would start a pigmy zoo. pigmy everything, pigmy staff, pigmy animals, real money. It's a life long passion.

What would you like to see your family do with your money when they inherit it upon your death? Buy Bentley's or keep investing and building your empire?

I want to keep my business going and give back just like I did. there is not real joy in having money unless you surround yourself with people that care about you. I think that giving away a portion of it is the best way to keep yourself sane and happy.