My First Million How I Live On $25,000/Month In New York City
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Sep 29, 2023 Explore the emotional rollercoaster of impending parenthood from a wealthy perspective. Hear about transitioning from reckless spending to confident financial management after a big paycheck. Discover the intriguing Japanese concept of Ikigai and how it shapes personal passions and entrepreneurial dreams. Dive into the importance of growth through meaningful friendships and honest feedback. Finally, examine the sustainability of trendy business models while emphasizing the power of community in entrepreneurship.
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Fear of Spoiling Child
- Sam Parr is nervous about raising a spoiled, drug-addicted child.
- He plans to only cover tuition and medical expenses, withholding other material possessions to instill grit.
Confidence, Not Consumption
- Sam Parr's biggest lifestyle change after becoming rich isn't material possessions, but increased confidence.
- He still worries about going broke, but his spending increased moderately, mainly on rent and business class flights.
Alternative Business Ideas
- If Sam Parr hadn't started Hampton, he would have pursued a research or database company.
- He's fascinated by data analysis and considered CB Insights and PitchBook as models.
