From $175K to Over $100M: Anne Mahlum’s Journey of All-In Bets and Astonishing Success

Moneywise

Hampton

Business, Entrepreneurship, Investing

4.8 • 674 Ratings

🗓️ 16 July 2024

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

Confidence is key, but confidence is earned. And Anne Mahlum has earned hers. She has dedicated her life to self-improvement and continuous learning. Because of that, combined with her insanely positive attitude, she’s built a networth of well over $100M. Her confidence in herself is evident. In fact, she once turned down a significant investment into her start-up in favor of using her entire personal net worth instead. In this episode, Anne reveals the origins of her drive and how it has evolved into a healthier motivation. She shares the stories of her nonprofit and for-profit ventures, complete with detailed financial insights. And Anne also opens up about her personal spending and investments, challenging the conventional wisdom of the “don’t spend your principal” rule. This is Moneywise, a podcast where host Sam Parr is joined by high-net-worth guests to explore exclusive insights into personal finance and lifestyle tailored for other high-net-worth people, or those on their way. They'll get radically transparent about the numbers, revealing things like their burn rates, portfolios, and spending habits. Who is Sam Parr? Sam is a serial entrepreneur and the co-founder of The Hustle, which he sold to HubSpot in 2021. He's also the co-host of one of the world's top podcasts for entrepreneurs, My First Million. Known for his insightful business acumen and candid communication style, Sam Parr continues to be a prominent figure in the world of media and entrepreneurship. Sam's newest and biggest venture yet is Hampton, which he co-founded in 2022. This podcast was made for the Hampton community, a private, highly-vetted, peer membership community for founders and CEOs of fast-growing, tech-enabled startups. Chapters: Founding SolidCore and Early Success (00:28 ) Ann's Upbringing and Family Dynamics (02:41) The Impact of Addiction on Ann's Life (06:01) Creating Back on My Feet (07:45) Launching SolidCore (14:05) Financial Growth and Private Equity (18:45) The Power of Investing: Personal Experiences (27:40) Diversifying Investments: Strategies and Insights (29:08) Real Estate Ventures: Success Stories (30:43) Spending Habits: Evolution and Philosophy (38:46) Mindset and Confidence: Keys to Success (46:23) This podcast was produced in partnership with Lower Street and distributed by Morning Brew.

Transcript

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0:00.0	I said if I take this money, all I'm doing is saying I doubt myself.
0:11.3	I just knew I had to go all in.
0:13.1	And if I wasn't comfortable going all in, I shouldn't do it at all.
0:16.1	Anne Malum is one of the most confident people I have ever met.
0:19.5	Anne is the founder of SolidCore. SolidCore is a
0:22.3	chain of Pilates Studios and she recently sold it netting her around $90 million. In this episode,
0:29.2	she's going to break down where the money's invested, how much she's spending each month, but where
0:34.0	her confidence comes from. And this, this is the part that I find most interesting.
0:38.3	And I find it interesting because she has so much of it.
0:41.3	And her drive to always learn more and to be better
0:44.3	has resulted in some ridiculous success in her life.
0:47.3	I was cash flow positive within the first month,
0:50.3	and as soon as I saw that, I was ready to sign my second lease.
0:55.2	But that well of inspiration for her, it hasn't always come from a healthy place.
1:00.1	I was trying desperately to get them to love me more than they loved my siblings.
1:10.3	I'm Sam Parr, and this is MoneyWise. You can scroll through Instagram for just 30 seconds,
1:16.0	and you're going to see a ton of information out there on how to get rich, but you're not going to see a lot of stuff out there that teaches you how to handle life after you've made some money.
1:23.0	I'm the co-founder of Hampton. You can check it out at joinhampton.com. And we're a community of
1:27.7	CEOs and business owners. Our members range from people who have newish startups doing just
1:32.3	$2 million in revenue all the way up to publicly traded companies that have hundreds of
1:36.4	millions of revenue and thousands of employees. And because of Hampton, I'm able to see all
1:40.6	these private conversations about business, about money, about success, about life. And I think some of these private conversations should be public, hence this podcast,
	...

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