Nick Huber, an entrepreneur with an impressive 8-figure net worth, discusses his journey from humble beginnings to significant wealth through startups and real estate. He emphasizes the importance of avoiding lifestyle creep, meticulously tracking his finances, and keeping a monthly burn under $25K, even while owning a private jet. Huber shares insights on the emotional rollercoaster of managing cash flow and significant tax bills, highlighting his paranoia about fixed costs and his ambitious goal for reaching $1M monthly profit without succumbing to media fame.
44:22
forum Ask episode
web_stories AI Snips
view_agenda Chapters
menu_book Books
auto_awesome Transcript
info_circle Episode notes
00:00 / 00:00
Nick's Lawn Mowing Start
Nick Huber started mowing lawns at 13, making $20 an hour and quickly got hooked on making money.
He never took a W-2 job, preferring entrepreneurship from early on.
00:00 / 00:00
Near-Breakdown in Boston Business
During a peak season, Nick's business suffered multiple costly accidents and upset customers, causing him to have a mental breakdown.
This crisis almost destroyed four years of hard work but strengthened his resolve as an entrepreneur.
00:00 / 00:00
The Importance of Cash Liquidity
Managing cash flow means keeping enough liquidity on hand to cover big overhead and unexpected expenses.
Entrepreneurs must maintain cash buffers to survive lumpy revenue months and invest wisely.
Get the Snipd Podcast app to discover more snips from this episode
In 'The Sweaty Startup', Nick Huber challenges conventional Silicon Valley wisdom by showing that success doesn't require revolutionary ideas or complex technology. Instead, he advocates for focusing on proven markets and mastering essential business skills like sales and delegation. The book offers actionable advice and real-life stories to help entrepreneurs build sustainable businesses.
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.
Moneywise 
