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The CEO of Zappos Lives Where?!

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The CEO of Zappos Lives Where?!

Tony Hsieh is an anomaly among the mega-rich. The Zappos CEO is a Harvard graduate, has owned various successful companies, and has been worth hundreds of millions since the year 2000. Despite all his wealth, he lives among other techies and entrepreneurs in a trailer park in Las Vegas.

The people within the trailer park have formed a community which includes a fire pit, communal laundromats, movie screen, pantry, and more. People are constantly coming and going, working alone or alongside other community members on some new innovative project.

It’s all part of Hsieh’s $350-million investment Downtown Project. The project is intended to help revitalize Las Vegas, making it more than just a city where you go to blow money at the casinos. Hsieh believes downtown Las Vegas can eventually be a metropolis filled with a variety of businesses and industries. And he’ll spare no expense in making this dream a reality.

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Friend and colleague Erik Moore says that money is “just a way for Tony to get to his endgame.” While Hsieh clearly does not have to work another day in his entire life, he remains focused on using his talents to make his contribution to the world.

Although those of us who work paycheck to paycheck, sometimes struggling to pay our bills, can barely picture what it’d be like to live as someone like Hsieh for a day, we could all learn a few things from him.

Money and possessions aren’t everything

Hsieh could have any material possession on this planet and still have money left over to live comfortably for the rest of his life. But, to an entrepreneur with so many ideas up his sleeve, being “comfortable” isn’t comforting at all.

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Hsieh is a machine that seems to never stop thinking of new ideas and business ventures. It’s not because he wants to continue making money (although it’s surely a welcome byproduct), but because he knows the real gifts he has in life are his natural talents and drive to do more. If he just kicked back for the rest of his life, not only would he be bored almost immediately, but he would also be wasting the potential he has to make his mark on the world. If this project takes off, he’ll be remembered long after he’s left the Earth. If he just sat in a mansion surrounded by his money, it would all be meaningless the second he passes away.

Keep striving for what you really want in life

The old saying goes: “If you love what you do, you’ll never work a day in your life.” While this might be oversimplifying things and making it seem that people like Hsieh aren’t actually doing work, there is some truth to the sentiment.

Hsieh is the type of person that is so fired up by his ideas that he can’t oversleep. He doesn’t want to spend his days sitting around watching TV. He has a passion for entrepreneurship and he can’t feel satisfied until the ideas in his head become reality. Think of that the next time you come up with an idea but blow it off because you’re too tired or you had a tough day at work. If Hsieh let fatigue or stress overtake him, there’s no way he’d be worth more than $840 million today.

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Always give back

Like his friend said, Hsieh’s money is simply a means to an end. So many of us think that money is the end we work our whole lives for — those are the ones who are destined to chase it until they die.

In his induction speech, Hall of Fame running back Curtis Martin admitted he didn’t even love to play football. He used his God-given talents as a means to give back to his community in a variety of ways that simply would not have been possible if he wasn’t a multimillionaire. Like Hsieh, he didn’t stop working once he made his fortune. Now, he runs a charity that provides assistance to single mothers, children, and the disabled.

Hsieh has no monetary need to be the forerunner for Project Downtown. He’s doing it because he wants to see the city of Las Vegas thrive. Those with passion and drive always look for ways that they can keep pushing themselves further and give back to the world.

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Featured photo credit: Flickr via farm8.staticflickr.com

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Matt Duczeminski

A passionate writer who shares lifestlye tips on Lifehack

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Last Updated on January 5, 2022

33 Painless Ways to Save Money Now

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33 Painless Ways to Save Money Now

In a difficult economy, most of us are looking for ways to put more money in our pockets, but we don’t want to feel like misers. We don’t want to drastically alter our lifestyles either. We want it fast and we want it easy. Small savings can add up and big savings can feel like winning the lottery, just without all of the taxes.

Some easy ways to save money:

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  1. Online rebate sites. Many online sites offer cash back rebates and online coupons as well. MrRebates and Ebates are two I like, but there are many others.
  2. Sign up for customer rewards. Many of your favorite stores offer customer rewards on products you already buy. Take advantage.
  3. Switch to compact fluorescent bulbs. The extra cost up front is worth the energy savings later on.
  4. Turn off power strips and electronic devices when not in use.
  5. Buy a programmable thermostat. Set it to lower the heat or raise the AC when you’re not home.
  6. Make coffee at home. Those lattes and caramel macchiatos add up to quite a bit of dough over the year.
  7. Switch banks. Shop around for better interest rates, lower fees and better customer perks. Don’t forget to look for free online banking and ease of depositing and withdrawing money.
  8. Clip coupons: Saving a couple dollars here and there can start to add up. As long as you’re going to buy the products anyway, why not save money?
  9. Pack your lunch. Bring your lunch to work with you a few days a week, rather than buy it.
  10. Eat at home. We’re busier than ever, but cooking meals at home is healthier and much cheaper than take-out or going out. Plus, with all of the freezer and pre-made options, it’s almost as fast as drive-thru.
  11. Have leftovers night. Save your leftovers from a few meals and have a “leftover dinner.” It’s a free meal!
  12. Buy store brands: Many generic or store brands are actually just as good as name brands and considerably cheaper.
  13. Ditch bottled water. Drink tap water if it’s good quality, buy a filter if it’s not. Get 
      a reusable water bottle and refill it.
    • Avoid vending machines: The items are usually over-priced.
    • Take in a matinee. Afternoon movie showings are cheaper than evening times.
    • Re-examine your cable bill. Cancel extra cable or satellite channels you don’t watch. Watch the “on demand” movie purchases too.
    • Use online bill pay. Most banks offer free online bill paying. Save on stamps and checks, and avoid late fees by automating bill payment.
    • Buy frequently used items in bulk. You get a lower per item price and eliminate extra trips to the store later on.
    • Fully utilize the library. Borrowing books is much cheaper than buying them, but in addition to books, most local libraries now lend movies and games.
    • Cancel magazine/newspaper subscriptions: Re-evaluate your subscriptions. Cancel those you don’t read and consider reading some of the other publications online.
    • Get rid of your land-line. Do you really need a land-line anymore if everyone in the family has a cell phone? Alternatively, look into using VOIP or getting a cheaper plan.
    • Better fuel efficiency. Check the air pressure in your tires, keep up with proper auto maintenance, and slow down. Driving even 5MPH slower will result in better fuel mileage.
    • Increase your deductibles. Increasing the insurance deductibles on your homeowners and auto insurance policies lowers premiums significantly. Just make sure you choose a deductible that you can afford should an emergency happen.
    • Choose lunch over dinner. If you do want to dine out occasionally, go at lunchtime rather than dinnertime. Lunch prices are usually cheaper.
    • Buy used:  Whether it’s something small like a vintage dress or a video game or something big like a car or furniture, consider buying it used. You can often get “nearly new” for a fraction of the cost.
    • Stick to the list. Make a list before you go shopping and don’t buy anything that’s not on the list unless it’s a once in a lifetime, killer deal.
    • Tame the impulse. Use a self-enforced waiting period whenever you’re tempted to make an unplanned purchase. Wait for a week and see if you still want the item.
    • Don’t be afraid to ask. Ask to have fees waived, ask for a discount, ask for a lower interest rate on your credit card.
    • Repair rather than replace. You can find directions on how to fix almost anything on the internet. Do your homework, and then bring out your inner handyman.
    • Trade with your neighbors. Borrow tools or equipment that you use infrequently and swap things like babysitting with your neighbors.
    • Swap online. Use sites like PaperBack Swap to trade books, music, and movies with others online. Also, look for local community sites like Freecycle where people give away items they no longer need.
    • Cut back on the meat. Try eating a one or two meatless meals every week or cut back on the meat portions. Meat is usually the most expensive part of the meal.
    • Comparison shop: Get in the habit of checking prices before you buy. See if you can get a better price at another store or look online.

    Remember that saving money is not about being cheap or stingy; it’s about putting money into your bank account rather than giving it to someone else. There are many ways to save money, some you’ve never thought of, and some that won’t appeal or apply to you. Just pick a few of the ideas that sound doable and watch the savings add up. Save big, save small, but save wherever you can.

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    Featured photo credit: Damir Spanic via unsplash.com

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