$100K Buy-In. $160M Exit. Then $40K/Month on ‘Living the Dream’... Almost.

Moneywise

Hampton

Business, Entrepreneurship, Investing

4.8 • 674 Ratings

🗓️ 6 May 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

127 founders (net worth: ~$1M–$100M+) opened up their personal books. Want to see how your finances stack up? https://www.joinhampton.com/wealth-report

After a $100M+ exit, Jace Mattinson blew $40K a month chasing lost time, until living the dream nearly ruined it.

Here’s what we talk about:

Jace shares how he turned a failing 135-year-old business into a $160M exit.
Why buying old and boring beat building from scratch.
He hit a $5M net worth—then spent $40K/month trying to “make up for lost time.”
The moment he realized leisure can become just another grind.
How he and his wife navigated the emotional hangover of success.
Why founders struggle with freedom, and how he learned to enjoy it.
His strategy for protecting wealth and living fully.
His monthly expenses for a family with 5 kids under 7.
The framework he uses to make time, money, and values actually align.

Cool Links:

Hampton https://www.joinhampton.com/
Lower Street https://www.lowerstreet.co/
Book mentioned: Die With Zero by Bill Perkins

Chapters:
(00:00) The Grind and Delayed Gratification
(01:41) Financial Breakdown and Investments
(03:37) From Corporate Life to Entrepreneurship
(05:10) The Influence of Upbringing
(07:03) Meeting His Wife and Changing Perspectives
(08:47) Turning Around a Struggling Business
(14:21) The Exit and New Challenges
(15:49) Life After the Sale
(18:47) Balancing Family and Personal Time
(19:18) Indulging in Expensive Hobbies
(20:50) Spending on Experiences vs. Investments
(23:26) Finding Balance in Hobbies and Work
(27:05) Intentional Living and Regrets
(30:18) Current Monthly Expenses and Hobbies
(35:55) Future Plans and Bucket List

This podcast is a ridiculous concept: high-net-worth people reveal their personal finances. Inspired by real conversations happening in the Hampton community.

Your Host: Harry Morton

Founder of Lower Street, a podcast production company helping brands launch and grow top-tier podcasts.
Co-parents a cow named Eliza.

Transcript

Click on a timestamp to play from that location

0:00.0	If you're chasing something for too long, you can get to a point where you do miss out on
0:06.5	those opportunities and experiences that maybe you only could have at certain ages.
0:11.3	That sentiment is rife inside the founder community.
0:14.6	So much of life is about the grind and delaying gratification for that big payoff that you're
0:18.5	waiting for.
0:20.0	And when that payoff came for Jace Mattson,
0:22.0	he found himself caught up in a different kind of grind,
0:24.8	one to make up for lost time.
0:26.6	In my mind, I had already delayed the gratification
0:29.0	for some of those things by five and 10 and 15 years,
0:31.8	and the time to do some of that stuff was then.
0:34.9	Ah, but why is it that us entrepreneurs,
0:36.8	we can never just take it easy?
0:39.0	Jace didn't just take advantage of his new time and money. He went all in. There is definitely
0:43.4	some months where I spent, you know, 30, 40 grand on hobbies. This is the story of a pendulum and how
0:49.2	living the dream a little too much can, well, kind of ruin the dream. We'll also hear why his version of going
0:55.8	all in on business wasn't bootstrapping his own company, but was taking a huge gamble on buying
1:00.4	a more than century old business that was cash flow negative. My name's Harry Morton and this is
1:05.6	Money Wise, a podcast not about how to get rich, but about the surprising changes that happen in your
1:10.2	life when you do.
1:11.6	This is how Jay's life changed for the better, then for worse, ish, and now for better again.
1:21.6	So let's start with the moment that incited all of it. How much was the exit for?
	...

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