How Nick Huber Stays Humble with a $50m Net Worth and 25k Burn

Moneywise

Hampton

Business, Entrepreneurship, Investing

4.8 • 674 Ratings

🗓️ 27 May 2025

⏱️ 43 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

He’s worth 8 figures, owns a private jet, and still tracks every dollar. Nick Huber says avoiding lifestyle creep is harder, and more important, than getting rich.

Here’s what we talk about:

How Nick Huber built an 8-figure net worth from sweaty startups and smart real estate plays.
Why he keeps over $2M liquid and doesn’t touch stocks.
His exact monthly burn (yes, including the jet) and how he keeps it under $25K.
The psychology behind lifestyle creep, and why he’s borderline paranoid about fixed costs.
Why he’d rather live modestly than risk losing what he’s built.
The emotional rollercoaster of lumpy cash flow, $900K tax bills, and late-night financial dread.
How he justifies buying a private jet.
His next goal: $1M/month in personal profit, and why he's not trying to be a media mogul along the way.

Cool Links:

Hampton https://www.joinhampton.com/
Lower Street https://www.lowerstreet.co/
Nick’s Stuff https://www.nickhuber.com/

Chapters:

(00:00) Introduction to Nick Huber's Success
(00:48) Nick Huber's Financial Journey
(01:20) Breaking Down Net Worth and Assets
(03:12) Cash Flow Management
(05:16) Nick's Humble Beginnings
(08:49) Entrepreneurial Lessons and Challenges
(13:44) The Rise of Storage Squad
(17:42) Maintaining Frugality Despite Wealth
(20:10) Managing Lifestyle Creep
(22:09) The Justification for Owning a Jet
(24:11) Avoiding Fixed Costs
(24:56) Balancing Ego and Humility
(30:45) The Role of Media in Entrepreneurship
(35:57) The Emotional Roller Coaster of Entrepreneurship
(39:16) Conclusion and Final Thoughts

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	It's a very odd feeling going from, you know, a couple of years earlier, literally not getting
0:06.2	guacamole at Chippole to watching the money just absolutely pile up in your checking account.
0:11.2	In just five years, Nick Huber has built an empire that has changed his entire life.
0:16.7	But he's well aware that the next step is not letting it crumble.
0:20.7	Like I said, I've only been making money for a little bit of time.
0:23.6	And I think the most irresponsible thing I could do is put what I've built at risk.
0:28.6	What got him there was confidence, something he's well known for online.
0:32.6	Seriously, if you don't follow him on Twitter, go and check out his most popular tweets.
0:35.6	It's a goldmine and extremely entertaining.
0:39.2	But what's going to keep him there is humility and this incredible intentionality he has
0:43.8	around avoiding lifestyle creep.
0:46.5	I'm Harry Morton and this is MoneyWise.
0:48.7	And in this episode, Nick Huber is going to tell us the gritty details of how his life changed
0:52.8	on the way to an eight-figure net worth,
0:55.0	exactly how he's spending his money, and how he squares calling himself frugal while also owning a
1:00.4	private jet. And really quick, as you know, this podcast is made for the Hampton community.
1:05.2	We'll talk more about that later, but definitely go and check it out at joinhampton.com.
1:13.3	Time to get specific.
1:14.8	I just said Nick's net worth is eight figures.
1:16.9	That can mean a lot.
1:18.4	And it kind of does.
1:19.9	What's your net worth today?
	...

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