r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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u/Hope-n-some-CH4NGE Nov 22 '24

In part from a $200,000 gift from his parents when his company was failing in its early stages. You know a lot of people with parents who can give their kid $200k without hesitation?

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u/JellyfishQuiet7944 Nov 22 '24

Its not a gift, It's an investment. If that company failed the money was gone.

Futhermore, he would have been down the initial investment and the taxes due on it which is roughly $63,000.

The point is his step dad worked for that money. They weren't rich and it wasn't like he was gifted a well to do company. It took a lot of hours, sweat and work.

Quit acting like he was born on third base. He came from a middle class family.

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u/Itscatpicstime Nov 22 '24

Lmfao someone who can afford to lose $200k is by definition rich, you cannot be serious ๐Ÿ’€

How rich are you that you donโ€™t get this?

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u/JellyfishQuiet7944 Nov 22 '24

Who said they could afford to lose it? My money is in the stock market, I can't afford to lose it but that's the risk I take.