MoneyWise

Being born rich sounds like a dream, but it’s almost like being born at the finish line, with no race left to run.

If we’ve learned anything in this podcast so far, it’s that money alone doesn’t bring happiness. Life needs purpose. But when you already have access to everything you could possibly need, finding that purpose can be difficult.

So, how do we ensure our children inherit not just wealth, but also the drive to make something meaningful out of their lives? How do we shield them from the pitfalls of affluence, like aimlessness and substance abuse?

Taylor Adams has dedicated his life to helping parents successfully pass on their wealth to the next generation with his company Belief Partners. He believes that a large part of happiness comes from the act of adding value to the world around you, feeling like you matter. He works to empower parents to instill in their children the importance of adding value to the world, of feeling like they matter beyond their bank accounts

Taylor knows the feeling of being aimless all too well. Born into a multi-generational billionaire family, he himself has experienced the luxury, pressure, and burden of wealth.

In this episode, Taylor bares all, offering his personal narrative alongside professional research and strategies for navigating the complexities of inherited wealth. From finding purpose to avoiding the traps of excess, Taylor equips affluent parents with the tools they need to raise grounded, fulfilled individuals.

Alongside Taylor, we’ll also hear from Jane. In contrast to Taylor’s strong recommendation to set up a trust for your kids, Jane’s parents paid for necessities through her life, but will pass on their wealth through a lump sum inheritance of roughly $20 million. She’ll tell us how their wealth impacted her life, how she found purpose in her own career and family, and how the knowledge of inheritance has affected her.

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:

Taylor’s billionaire family (2:48)

Why and when he got sober (6:23)

Why you should invest your money in your kids (7:29)

Helping your kids find their own value (13:03)

The importance of being the example (15:40)

The argument for trusts (22:09)

Why Jane’s family didn’t set up a trust (24:27)

Teaching your kids to fail (26:12)

“Yes, and..” (29:29)

Talking to your kids about your wealth (33:35)

The Four Horsemen of Destruction (38:18)

This podcast was produced in partnership with Lower Street and distributed by Morning Brew.

There was a time when Neil Patel said a $15k/month burn rate was all he needed. But now his monthly burn is $200k. Roughly. He’s not completely certain... because he doesn’t budget. So what changed in his life to make his burn rate increase nearly 14 fold? That’s what this episode is going to find out.

Neil Patel is a household name (for marketers). He’s an entrepreneur and blogger known for his expertise in digital marketing and SEO. He co-founded companies like Crazy Egg, Hello Bar, and KISSmetrics, but his biggest company is his namesake, Neil Patel Digital.

In this episode, Neil not only explains how and why his spending has evolved to the point where he’s burning $2.4 million a year, he’ll also break down where that money is going, how it compares to his income, investments, and savings, and why he doesn’t feel the need to set a budget.

He’ll also get candid about how he uses his money to bring joy to his life, and he’ll share how soon he plans on being a billionaire.

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:

How rich Neil actually is and how he made it (1:58)

When he said $15k/month was enough (4:12)

What changed (6:34)

Extravagant living in Las Vegas (7:57)

How he spends his money quickfire (10:51)

Why he doesn’t budget (14:40)

How kids changed his spending (18:22)

What he won’t give up (20:12)

Neil’s friends that spend more (23:44)

What a $50k/month budget would look like (26:39)

His billionaire goal (27:56)

This podcast was produced in partnership with Lower Street and distributed by Morning Brew.

Remember when Andrew Carnegie wrote that he was removing the pursuit of money from his life?

Probably not, because he didn’t follow through on it. This was even before he founded the Carnegie Steel Corporation and became one of the richest people in the world.

Today’s guest, however, also decided to cut himself off from earning more. And he followed through.

By the time Jeff was in his forties, he was worth over $120 million. After a three-part exit from his company, Jeff decided that pursuing more money was getting in the way of his pursuit of happiness. So he quit building companies, he quit working, and he founded a support group of others in similar life stages.

For Jeff, chasing money had become like an addiction, so he treated it that way. He made big changes in his life to focus on what truly made him happy. But, this “cut-off” from earning more does not coincide with spending less. In fact... it’s quite the opposite.

In this episode of Moneywise, we'll learn about how Jeff realized he had enough, how his pursuit of more was getting in the way of enjoying what he built, and why he thinks it's his duty to spend his money. And of course, we'll also get into all the details about how much he has, where all that money is, and how he spends it.

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:

Jeff’s first few million (3:21)

When he started the big company (5:58)

His three-part exit (9:51)

How his life changed (11:27)

Why he started to think about cutting himself off (16:13)

How he changed his life (20:12)

Where is his money and his spending today (24:22)

Reflection and advice (29:54)

This podcast was produced in partnership with Lower Street and distributed by Morning Brew.

Why would you give up $500k/month personal cash flow?

Despite his company's rapid profit growth, Marshall Haas chose to forgo his substantial income for mental space and a $26M exit.

Before considering selling his main company, Marshall had already begun offloading smaller businesses.

In this episode, recorded just weeks after his major exit, Marshall provides a fresh perspective on the exit process, the differences in selling larger versus smaller companies, and his reasons for selling despite exponential growth. We also delve into the mental shift from enjoying a steady monthly cash flow to receiving a massive lump sum.

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:

Marshall's Background and Early Ventures (03:29)

The Beginning of Shepherd (10:58)

Why Marshall Decided to Sell Shepard (13:15)

Life After the Exit (21:36)

Marshall's Spending and Finances (24:35)

Final Thoughts and Advice (30:54)

This podcast was produced in partnership with Lower Street and distributed by Morning Brew.

Last year, Mike Beckham donated 1 million dollars.

This year, he's setting his sights even higher.

He wants to give away 50% of his annual income. And that's not all—his company, Simple Modern, with a valuation of around 350 million dollars, also allocates 10% of its profits each year to charitable causes.

Mike's journey to philanthropy has been shaped by a deep-rooted commitment to making a difference. Despite starting his career in the nonprofit sector, he discovered his knack for business growth and decided to leverage his skills to amplify his impact. So he left the nonprofit world and built Simple Modern.

For Mike, donating his money is about more than just creating a positive impact in the world (although that is a big part). Mike has found that donating his money helps him refrain from spending that doesn’t bring happiness to his life, and allows him to have more success in the most important part of his life: his relationships with others.

In this episode of Moneywise, Mike will explain all of the benefits of donating. He’ll make the personal and financial cases, including how it’s helped his business succeed. He’ll also give tips on donating effectively, especially if you’re just starting. And as usual, Mike will explain how he made all his money, how he spends it, and give us all the dollar details.

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:

His start in the profit world (3:41)

When and why he switched to business (6:46)

Why he’s not interested in spending on himself (14:13)

Why he gives so much (18:03)

How much he donates (22:18)

The benefits of giving (24:043)

Advice on how to start (35:24)

This podcast was produced in partnership with Lower Street and distributed by Morning Brew.