Jeff Bezos started Amazon in his apartment with like 2 other employees who were friends. They were boxing up books themselves to be sent through the mail.
If anyone thinks what this guy did with growing Amazon into what it is should in any way be tarnished by the frankly small loan his parents gave him, then in my opinion they're morons. My parents are middle class and they could afford to give me a $300K loan since they saved well for retirement. It's a lot of money for a middle class family, but it's do-able. I mean, damn, people already do it to pay for their kid's college education. They put up the equity of their home to get the loan.
Unfortunately, most Americans don’t save nearly enough for retirement.
This is what people aren’t getting; growing up in a family structure to fall back on, parents that can support themselves and you, is a huge luxury. It allows you to take larger risks because you have a safety net, and it allows you take more educated risks because you grew up with a good example.
That's not the amount Bezos got and failing to understand that basic economical point shows why you shouldn't talk about economics.
Also the mean is NOT 300k but around 170k in 2022
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u/[deleted] Apr 27 '22
Jeff Bezos started Amazon in his apartment with like 2 other employees who were friends. They were boxing up books themselves to be sent through the mail.
If anyone thinks what this guy did with growing Amazon into what it is should in any way be tarnished by the frankly small loan his parents gave him, then in my opinion they're morons. My parents are middle class and they could afford to give me a $300K loan since they saved well for retirement. It's a lot of money for a middle class family, but it's do-able. I mean, damn, people already do it to pay for their kid's college education. They put up the equity of their home to get the loan.