How Neil Patel Spends $200K a Month
b"There was a time when Neil Patel said a $15k/month burn rate was all he needed. But now his monthly burn is $200k.\\xa0Roughly. He\\u2019s not completely certain\\u2026 because he doesn\\u2019t budget. So what changed in his life to make his burn rate increase nearly 14 fold?\\xa0That\\u2019s what this episode is going to find out.\\nNeil Patel is a household name (for marketers). He\\u2019s an entrepreneur and blogger known for his expertise in digital marketing and SEO. He co-founded companies like Crazy Egg, Hello Bar, and KISSmetrics, but his biggest company is his namesake, Neil Patel Digital.\\nIn this episode, Neil not only explains how and why his spending has evolved to the point where he\\u2019s burning $2.4 million a year, he\\u2019ll also break down where that money is going, how it compares to his income, investments, and savings, and why he doesn\\u2019t feel the need to set a budget.\\xa0\\nHe\\u2019ll also get candid about how he uses his money to bring joy to his life, and he\\u2019ll share how soon he plans on being a billionaire.\\n\\nThis 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.\\nWho is Sam Parr?\\nSam 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.\\nThis podcast was made for the Hampton community, a private, highly-vetted, peer membership community for founders and CEOs of fast-growing, tech-enabled startups.\\n\\nChapters:\\nHow rich Neil actually is and how he made it (1:58)\\nWhen he said $15k/month was enough (4:12)\\nWhat changed (6:34)\\nExtravagant living in Las Vegas (7:57)\\nHow he spends his money quickfire (10:51)\\nWhy he doesn\\u2019t budget (14:40)\\nHow kids changed his spending (18:22)\\nWhat he won\\u2019t give up (20:12)\\nNeil\\u2019s friends that spend more (23:44)\\nWhat a $50k/month budget would look like (26:39)\\nHis billionaire goal (27:56)\\n\\nThis podcast was produced in partnership with Lower Street and distributed by Morning Brew.\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"