247: What Are You Gonna Do with All That Money?

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Investing, Business

4.8 • 518 Ratings

🗓️ 22 September 2022

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Sam and Derek do a one on one episode to discuss how your spending habits change at various high wealth levels. The guys break down real cash flow, income growth and spending habits for income brackets from $10-30 Million, $30-100 Million, $100M-1 Billion & $1 Billion + net worth. Sam belongs to one of these brackets already and is able to share his personal experiences on this while for Derek this is more of an aspirational episode as he hopes to be in these brackets soon.

Listen to ILAB 247 on iTunes here or subscribe on your favorite podcast app.

Where we are:

Johnny FD – Ukraine / IG @johnnyfdj
Sam Marks – Barcelona / IG @imsammarks
Derek Spartz – Los Angeles / IG @DerekRadio

Sponsor:

Indeed
Indeed knows that when you’re doing everything for your company, you can’t afford to overspend on hiring. Visit indeed.com/ILAB for more details.

Discussed

ILAB 130: Family Offices – Lifestyle Strategies of the Super Rich with Richard Wilson - Invest Like a Boss

Like these investments? Try them with these special ILAB links:

ArtofFX – Start with just a $10,000 account (reduced from $25,000)
Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)

*Johnny and Sam use all of the above services personally.

Time Stamp:

05:45 – What does it look like to be in the $10-30 Million income bracket?
12:40 – What does it look like to be in the $30-100 Million income bracket?
23:00 – What does it look like to be in the $100 Million -1 Billion income bracket?
35:40 – How would your life change if you had $100 MIllion?
53:00 – Bonus content with patreon answers to if they had $100 Million

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!

Transcript

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0:00.0	What's up, bosses? A quick word from our sponsor before we kick off this episode. The thing about
0:05.0	running your own business is every single hire counts. And no hiring partner understands that
0:10.6	like Indeed. Indeed is the hiring platform. You can attract, interview, and hire all in one
0:17.1	place. Don't spend hours on multiple job sites looking for candidates with the right skills
0:22.1	when you can do it all with Indeed. You can find top talent fast with Indeed's suite of
0:27.6	powerful hiring tools like Indeed instant match assessments and virtual interviews. I'm going to tell
0:32.9	you all about those features and more during the break in the show. But if you want to get a jump start,
0:38.3	just visit Indeed.com slash iLab to start hiring now. Indeed knows that when you're doing
0:44.7	everything for your company, you can't afford to overspend on hiring. So just go to
0:49.6	indeed.com slash iLab. That's indeed.com slash I i l a b terms and conditions apply cost per application
0:57.4	pricing not available for everyone need to hire you need indeed all right let's kick off this
1:03.4	episode of invest like a boss welcome to the invest like a boss podcast i'm sam marks and i'm johnny fd
1:10.1	we're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss.
1:14.5	Join us each week for exclusive interviews with our network of modern investors, business owners, and multimillionaires to discover new ways to invest our hard-earned cash.
1:25.2	What is up, bosses? Episode 247 of the Invest Like a Boss podcast. I'm Derek Sparts here in
1:31.4	steamy Los Angeles. No guest on this one, but I got my pal Sam Marks over in Barcelona.
1:37.9	What's up, Sam? What's up, homie? Ready to record an episode about what we're going to do with the next
1:42.5	$100 million to make. I am more than ready for that. what we're going to do with the next hundred million dollars would make.
1:46.7	I am more than ready for that.
1:50.2	So we're going to talk wealth levels here.
1:56.6	I guess if you're a millionaire, Sam, now just a plain old regular millionaire, you're really not rich anymore.
1:58.1	Doesn't seem to be that way, does it?
	...

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