Moneywise

$10M and Total Freedom, I Left the Family Empire to Build My Own

154 snips
Apr 22, 2025
Shane Cultra, a domain investor and plant enthusiast, left his family's five-generation nursery business to forge his own path, amassing a $10M net worth. He shares how watching 'Succession' pushed him to take the leap. Shane discusses his diverse investments in Bitcoin, stocks, and how he built a $300K/year side hustle from blogging. He reflects on the challenges of family dynamics in business, lessons learned from his father, and his approach to redefining wealth, all while advocating for personal growth and the importance of failure in education.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
ANECDOTE

Leaving the Family Business

  • Shane Cultra left his family's nursery business, leading to a year-long silence from his father.
  • He built a $10M net worth independently, exploring Bitcoin, domains, and side gigs.
INSIGHT

Diverse Asset Portfolio

  • Shane's net worth breaks down into diverse assets: nursery business, Bitcoin, domains, stocks, and side hustles.
  • Domains generate $200-$300K annually and add liquidity unlike hard-to-sell nursery assets.
ANECDOTE

Family Business Dynamics

  • Shane's father was a strong-willed man who disliked working with his father and wanted his own path.
  • The family's nursery roots were deep, but each generation faced challenges and pursued different careers.
Get the Snipd Podcast app to discover more snips from this episode
Get the app