Jace Mattinson, an entrepreneur who transformed a failing 135-year-old business into a $160M exit, provides insights on wealth management and personal fulfillment. He discusses the challenges of spending $40K a month in search of lost time, revealing how leisure can sometimes feel like another grind. Jace shares strategies for aligning time, money, and values while navigating family life with five kids. His unique perspective on turning old businesses into successes and maintaining a balanced life post-exit makes for an enlightening conversation.
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Buying Old Business Gambit
Jace bought a 135-year-old struggling business with some debt, despite being young and inexperienced.
He believed his fresh perspective and modest tech skills could turn it around.
insights INSIGHT
Old Economy Meets Tech Insight
Jace chose to invest in existing blue-collar businesses over tech startups due to their resilience and his skillset.
He believed applying tech to traditional industries could revive struggling companies.
question_answer ANECDOTE
Post-Exit Wealth Caution
After his $100M exit, Jace stayed liquid longer than desired, cautious about losing wealth.
He reinvested in franchises and real estate but approached deployment of capital carefully.
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Die with Zero presents a provocative philosophy and practical guide on how to get the most out of your money and your life. Bill Perkins argues against over-saving and under-living, advocating for investing in experiences early and maximizing positive life experiences. The book introduces concepts like 'time-bucketing,' 'net worth curve,' and 'fulfillment curve' to help readers optimize their life stages and make the most of their resources. Drawing from his own life experiences and insights from psychological science and behavioral finance, Perkins makes a compelling case for living large and accumulating memorable experiences rather than wealth.
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
After a $100M+ exit, Jace Mattinson blew $40K a month chasing lost time, until living the dream nearly ruined it.
Here’s what we talk about:
Jace shares how he turned a failing 135-year-old business into a $160M exit.
Why buying old and boring beat building from scratch.
He hit a $5M net worth—then spent $40K/month trying to “make up for lost time.”
The moment he realized leisure can become just another grind.
How he and his wife navigated the emotional hangover of success.
Why founders struggle with freedom, and how he learned to enjoy it.
His strategy for protecting wealth and living fully.
His monthly expenses for a family with 5 kids under 7.
The framework he uses to make time, money, and values actually align.
Chapters: (00:00) The Grind and Delayed Gratification (01:41) Financial Breakdown and Investments (03:37) From Corporate Life to Entrepreneurship (05:10) The Influence of Upbringing (07:03) Meeting His Wife and Changing Perspectives (08:47) Turning Around a Struggling Business (14:21) The Exit and New Challenges (15:49) Life After the Sale (18:47) Balancing Family and Personal Time (19:18) Indulging in Expensive Hobbies (20:50) Spending on Experiences vs. Investments (23:26) Finding Balance in Hobbies and Work (27:05) Intentional Living and Regrets (30:18) Current Monthly Expenses and Hobbies (35:55) Future Plans and Bucket List
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.
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