Moneywise

Rob Townsend, a financial advisor who built an 8-figure firm, critiques traditional investing approaches. He discusses the misconceptions about financial advisors and sheds light on why $3M is his version of 'f*** you money.' Townsend emphasizes the mistakes people make with index funds and reveals how a toxic mindset affects the wealthy. He also shares how sabbaticals transformed his life and business, advocating for a view of money as a tool for happiness rather than a life dictator.

Carlos Cardenas, a Private Wealth Advisor at Austin Wealth Management with two decades of experience in alternative assets, dives deep into the fascinating world of high-end art investment. He discusses how a banana duct-taped to a wall can command millions, revealing the quirky nature of art's value. Listeners learn about potential returns of 8-12% in niche markets and why passion, status, and profit are essential for success. Cardenas also shares tips for novice investors on avoiding common pitfalls and navigating the complicated art market.

Alex Hormozi, founder of Acquisition.com and a business turnaround expert, dives into his incredible journey from $0 to a whopping $200M net worth. He shares the gritty details of his finances, including $95M in liquid assets and $100M in illiquid equity. Hormozi reflects on his rapid rise with Gym Launch, feeling poorer post-sale, and his transition into building a 'forever business'. He also discusses high-yield investment strategies and the emotional complexities of wealth, revealing that true satisfaction often lies beyond financial success.

Chuck Yates, a former private equity investor turned AI startup co-founder, shares his wild financial journey from $150M to $82K and back to $20M. He discusses the quirky economics of private planes and touring with celebrities. Chuck emphasizes the importance of mindset over money, arguing that relationships and personal fulfillment outweigh net worth. After navigating divorce and career setbacks, he redefined success on his own terms and highlights the lessons learned from the highs and lows of wealth.

Amber Lee, a former matchmaker for high-profile clients, reinvented her life after a near-death experience, launching a successful matchmaking business that rakes in over $3 million annually. She emphasizes that true connection goes beyond wealth, as illustrated by a billionaire's attraction to a $200K locksmith. Amber discusses the unique challenges wealthy individuals face in dating, including the dangers of unrealistic expectations. With insights on emotional compatibility and authentic relationships, she shares tips for finding love that won’t break the bank.

Ronan Berder, a founder who built an 8-figure consulting agency, shares his unexpected journey from burnout to passion projects in open source. He reflects on the obligations that kept him in a business he didn’t love, the anticlimactic nature of his sale, and how true fulfillment often lies beyond monetary success. Ronan also dives into his investment strategies, the lessons learned about discipline and grit, and how minimalism shapes his work-life balance today.

Jay Berard, a financial powerhouse with a $10M net worth and $2.5M cash flow, reflects on his unconventional journey from a risk-laden Craigslist job to financial security. He values control over lucrative buyout offers, redefines wealth beyond money, and shares insights on his lean lifestyle. The discussion tackles the tension between comfort and ambition, personal growth, and how his mindset has transformed his spending habits. Berard also delves into the impact of fear and anxiety on success, offering a candid look at the entrepreneurial journey.

Jackie breaks down exclusive data from 127 millionaire founders inside Hampton, revealing how motivation, money management, and mindset evolve as net worth grows, from $1M to over $100M.Here’s what we talk about:Why financial security stops being a motivator after $50M—and what takes its placeThe "F*** You" number: What real numbers show is the threshold for total financial freedomWealth allocation shifts: Crypto disappears, bonds and real estate dominate at the ultra-high endSurprising insights into monthly cash burn, and how spending changes (or doesn’t) across net worth tiersTake-home income jumps dramatically past $50M—especially at the $100M+ levelTime vs. money: Wealthier founders are working fewer hours, but that doesn’t guarantee happinessWhat motivates founders at every stage—and why some feel lost after hitting their big numberReal quotes from founders like Brian Johnson and Alex Peykoff on why they build, invest, and spend the way they do$50M is when founders stop caring about money entirely. Want to see what other millionaire money secrets we uncovered in the full report? https://www.joinhampton.com/wealth-reportCool Links:Hampton https://www.joinhampton.com/Lower Street https://www.lowerstreet.co/Chapters:(00:29) Survey Insights: Wealth Allocation and Trends(01:02) Understanding the Respondents(03:09) Motivations and Milestones of Millionaire Founders(04:13) Case Study: Bryan Johnson's Unique Motivation(05:47) Financial Security and Lifestyle Changes(08:47) Money Management: Crypto, Bonds, and Real Estate(10:46) Cash Flow and Spending Habits(16:14) Work-Life Balance and HappinessThis podcast is a ridiculous concept: high-net-worth people reveal their personal finances. Inspired by real conversations happening in the Hampton community.You Host - Jackie LamportNot really the host, but the producer.Wrote this sentence.Older than I appear, I promise.

Andrew Wilkinson, the founder of MetaLab and Tiny, achieved immense wealth in his 20s but faced harsh realities along the way. He shares his journey from reckless spending to near bankruptcy, emphasizing that luxury doesn’t guarantee happiness. The impact of wealth on relationships and identity is explored, along with the complexities of giving back and the emotional burden of ownership. Andrew reflects on the lessons learned, advocating for meaningful investments and the importance of financial transparency in fostering genuine connections.

Jess Chan, founder of Longplay, is a powerhouse entrepreneur with a worth of ~$10M. She opened up about her journey from hustling to embracing profit over revenue, sharing how this shift helped her avoid burnout. The conversation highlights her experience in fostering feminine leadership and redefining success away from traditional metrics. Jess emphasized simplicity in finances, living on just $6K monthly, and learning the art of spending wisely. She encourages finding contentment while maintaining ambition, reshaping the conversation around wealth and happiness.