Top Money and Life Secrets from 25 Millionaires: What You Should REALLY Know

Moneywise

Hampton

Business, Entrepreneurship, Investing

4.8 • 674 Ratings

🗓️ 29 October 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

We just hit our 25th episode! To celebrate, we’re doing a special recap of the best lessons from all our past conversations. Sam’s looking back at the standout advice from founders, entrepreneurs, and experts who opened up about what really happens when you hit major financial success—and the stuff no one talks about. You’ll hear insights from Mike Beckham on why giving back keeps lifestyle inflation in check, Dr. Becky’s take on raising resilient kids in a world of privilege, and advice from founders who’ve faced the mental rollercoaster that comes after big exits. We also dig into what it means to live a low-key, fulfilling life, even if you’re worth millions. This is Moneywise, a podcast where hosts Sam Parr and Harry Morton are 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. Who is Harry Morton? Harry Morton is the CEO of Lower Street, a company specializing in premium podcast production that he founded to transform brand narratives through audio storytelling. His expertise has made Lower Street a leader in the podcast industry, working with diverse clients from startups to Fortune 500 companies to enhance their market presence and audience engagement. 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: Lesson 1: Finding Purpose After Early Retirement (01:47) Lesson 2: Raising Resilient Children in Wealthy Environments (04:28) Lesson 3: The Impact of Giving (06:55) Lesson 4: Stress and Growth vs. Peace and Letting Go (09:22) Lesson 5: Jennifer's Story: Financial Red Flags in Relationships (13:57) Lesson 6: Financial Stress: A Wild Story of Loss and Resilience (16:32) Lesson 7: Beware of Burnout: Lessons from Ryan and Pete (18:46) Lesson 8: Small Town Success: Travis's Story (21:25) Lesson 9: Knowing When to Walk Away: Laura and Jeff's Insights (24:14) Sam’s Personal Top Takeaways (27:45) This podcast was produced in partnership with Lower Street and distributed by Morning Brew.

Transcript

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0:00.0	All right, my friends, this is a special episode. Here's why. I started MoneyWise a while back,
0:10.2	and it was a small project, and I basically said, I don't know if I'm going to continue doing this.
0:14.0	I only do it if you guys like it. And you have. You've asked me to do more episodes, and so I have.
0:19.6	And now we are 25 episodes in.
0:22.4	And so I wanted to do an episode that looked back at all 25 episodes. And I wanted to check my notes,
0:28.7	which I do take notes, and I wanted to let you know some of the highlights of the episodes and
0:33.8	lessons that I've learned along the way. And if you're new, welcome.
0:38.1	I'm Sam Parr, and this is MoneyWise.
0:40.4	You can scroll through Instagram for just 30 seconds,
0:42.8	and you're going to see a ton of junk out there on how to get rich,
0:45.7	but nothing that teaches you how to handle life after you've already made a little bit of money.
0:50.2	I'm co-founder of a company called Hanton.
0:52.1	It's join Hanton.com.
0:53.7	We create in real life groups of
0:55.4	around eight people, eight people who have similar sizes and types of businesses that you have.
0:59.5	And you meet once a month to discuss all types of stuff that you can't discuss publicly or with
1:03.3	other people, sort of like the topics on this podcast. Our members range from people with 10
1:08.0	employees all the way up to companies, with thousands of employees who are publicly traded. So check it out, joinhampton.com. So I see all these
1:15.3	conversations that happen, and a lot of them happen privately. And I thought, you know,
1:20.2	I think some of these conversations about money, particularly amongst the high net worth people,
1:24.2	I think they should be made public, hence this podcast. So with MoneyWise,
1:28.9	we want to provide real advice by talking to real people who have made a lot of money and who
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