What It’s Like to be Worth $50M in a 2400 Person Town

34 snips

Sep 17, 2024

Curious about what it’s like being the wealthiest person in a small town? Join Travis as he shares the perks and awkward moments of his $50 million status in a close-knit community. From navigating nosy neighbors to maintaining family bonds, his journey reveals the bittersweet challenges of newfound wealth. Discover how he prioritizes community involvement, embraces practical living, and invests in experiences over things, all while emphasizing the unique benefits of small-town life.

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ANECDOTE

Missed Baseball

Travis missed his son's first year of baseball due to excessive business travel.
This prompted him to quit his job and seek a business allowing him to stay home.

INSIGHT

Grounded by Small Town

Staying in his small town helps Travis stay grounded and avoid excessive spending.
He prefers a quiet life and wants to see his wealth grow before changing his lifestyle.

ANECDOTE

Nosy Neighbors

Travis's daughter was questioned about his wealth by teachers and peers.
This led him to coach his children on how to handle such inquiries.

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Ever wondered what it feels like to be the richest person in a tiny town in the middle of nowhere?

Today’s guest, Travis, is worth $50m, yet he’s never been tempted to leave his hometown of 2400 people.

Travis has already had an exit of $25m, and he’s about to double that with a second exit. Now he’s navigating life as the local big shot. From curious neighbors asking about his money to balancing wealth without being flashy, Travis shares the surprising perks—and awkward challenges—of being a big fish in a very small pond.

In this episode, Travis shares why he chose to keep his family and business in a small town and why he believes more people should consider doing the same. He reveals the highs and lows of small-town life after wealth, from nosy neighbors to giving back to his community in ways that wouldn’t be possible in a big city..

This is Moneywise, a podcast where host Sam Parr is joined by high-net-worth guests to explore exclusive insights into personal finance and lifestyle tailored for other high-net-worth people, or those on their way. They'll get radically transparent about the numbers, revealing things like their burn rates, portfolios, and spending habits.

Who is Sam Parr?

Sam is a serial entrepreneur and the co-founder of The Hustle, which he sold to HubSpot in 2021. He's also the co-host of one of the world's top podcasts for entrepreneurs, My First Million. Known for his insightful business acumen and candid communication style, Sam Parr continues to be a prominent figure in the world of media and entrepreneurship. Sam's newest and biggest venture yet is Hampton, which he co-founded in 2022.

This podcast was made for the Hampton community, a private, highly-vetted, peer membership community for founders and CEOs of fast-growing, tech-enabled startups.

Chapters:

Travis's Business Journey (02:48)

Challenges of Wealth in a Small Community (11:44)

Spending and Lifestyle Choices (15:29)

How He’s Invested (20:30)

Impact on the Community (24:27)

Raising Kids in a Small Town (34:12)

Conclusion and Advice (37:14)

This podcast was produced in partnership with Lower Street and distributed by Morning Brew.