"How I quit the hustle to enjoy life”: Getting Off the Treadmill with a $15m Net Worth

Moneywise

Hampton

Business, Entrepreneurship, Investing

4.8 • 674 Ratings

🗓️ 24 September 2024

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

How Do You Stop Hustling When You’ve Already Won? Laura Roeder told herself that at $5 million liquid she could live the life she wanted and refocus her life on what matters most: living. Unlike a lot of entrepreneurs who get caught up in the game and keep chasing more, Laura stayed true to that goal and quit hustling harder than she had to. But how did she avoid the endless treadmill for more? Laura Roeder, founder and successful SaaS entrepreneur, joins the show to share her journey of hitting her financial target, choosing simplicity, and focusing on what matters most. With a net worth of over $15 million, she explains how she prioritized lifestyle over accumulation, and how her upbringing played a key role in shaping her financial mindset. In this episode, Laura discusses how she hit her financial goal and resisted the temptation to keep pushing for more. You’ll also hear about her business philosophy, why she believes in running a business for lifestyle and not just growth, and the importance of knowing when enough is enough. Plus, she dives into her personal investments, expenses, and how she balances wealth with family time. 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: Laura’s Financial Foundation (03:54) Balancing Lifestyle and Financial Goals (07:14) Starting and Scaling Businesses (13:21) Selling the Business and Life After Exit (19:13) Lifestyle Business vs. Growth Business (21:41) Laura's Investments and Expenses Breakdown (24:18) Balancing Work and Personal Life (30:09) Avoiding the Comparison Trap (32:54) Final Thoughts on Wealth and Happiness (36:33) This podcast was produced in partnership with Lower Street and distributed by Morning Brew.

Transcript

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0:00.0	Hey everyone, it's Sam from MoneyWise. Over the next couple weeks, we're going to try out different
0:03.8	correspondents for MoneyWise, which means you're going to hear from different people telling
0:07.6	different MoneyWise stories. Today's guest correspondent is Harry Morton. Now here's what I need from you.
0:14.5	Tweet at me. I'm at the Sam Parr. Let me know what you think about Harry. If you like him, we're going to ask him to come on more and tell more stories. And if you don't, we won't. So I hope you enjoy today's episode and let me know. Again, I'm at The Sam Parr on Twitter. Now, back to the show.
0:32.0	I think a lot of people who are more like cognizant of the life they want to live do reach that point where maybe they
0:38.4	do make things bigger and then they go back and simplify. When we start out making money,
0:45.7	a lot of us have a goal number in mind. How much is all we need and at what point does it all become
0:51.0	unnecessary excess? The problem is that often, once you've hit that number,
0:55.5	the goalposts move. But for Laura Rola, they didn't. The only point of the money is to exchange
1:02.3	it for other things. When Laura started out, she set a goal to have $5 million liquid. And now,
1:07.7	with a net worth of $15 million, she's more than hit that, and she's set.
1:11.2	She doesn't see any reason to grow more.
1:13.3	And here's the thing, she's really enjoying it.
1:15.8	In this episode of MoneyWire, she talks about how she keeps herself from getting on the endless treadmill for more.
1:20.5	We'll learn how much enough was and what her lifestyle actually looks like.
1:24.3	And speaking of lifestyle, we'll talk about why she says there's nothing wrong with
1:27.7	running a business simply to support that lifestyle. What is the point of having a business if it's
1:34.3	not supporting the lifestyle that you want? I just genuinely don't get. I'm just like, get a job.
1:49.2	I'm Harry Morton, and this is MoneyWise.
1:53.7	Instagram is full of quick tips on getting rich, but rarely do you find advice on handling life after wealth. But those conversations are happening right inside of Hampton, a community
1:58.2	for CEOs and business owners, so we decided to make a podcast to make those private conversations public.
2:04.2	On Moneywise, we talk to people who've made a ton of money and how it changed their lives.
	...

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