Newcomer Podcast

He Helps Rich Tech Founders Part With Their Money (with Rey Flemings)

Aug 29, 2023
Rey Flemings, luxury services entrepreneur, talks about helping the ultra wealthy spend their money and the challenges of sudden wealth. They discuss exclusive experiences and destinations, onboarding and verifying wealthy clients, and finding happiness beyond financial milestones.
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INSIGHT

The Success Condition

  • Sudden wealth can bring unexpected challenges, like depression and difficulty forming close relationships.
  • This is called the "success condition", where achieving the American dream doesn't equate to happiness.
ADVICE

Post-Wealth Spending

  • Indulge your passions and take care of loved ones after a wealth event.
  • Prioritize experiences and personal growth over material possessions.
ANECDOTE

Golf and Access

  • A golf-loving client wanted to play the top 100 courses, all private clubs.
  • Access to such exclusive experiences often requires personal connections, not just money.
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