Why Someone Worth $150M Liquid Only Spends $5K Monthly
b"Imagine being worth $150 million. Liquid.\\xa0\\nNow imagine being worth that much, and only spending $5,000 a month.\\nThat\\u2019s the reality for this episode\\u2019s guest.\\n\\u201cCam\\u201d is going to share a lot of financial details with us, so he\\u2019s asked to remain anonymous. What we can tell you, is that he made most of his money when a business he started went public at a valuation of around a billion dollars. That happened in his late 30s.\\xa0\\nIn his early 30s, Cam was still only worth a couple grand. There\\u2019re a lot of crazy stories in between that we\\u2019ll hear about in this episode. Including how his first million was almost accidental.\\nWe\\u2019ll also explore why Cam\\u2019s monthly spend is so low, how his value of privacy and the impact money has on relationships plays into that, and where that $5k goes every month.\\nOn top of that, we\\u2019ll get into the nitty gritty about how he\\u2019s saving and investing the rest of his money, as well as the kind of spending that brings Cam genuine joy.\\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:\\nCam\\u2019s early family life (2:28)\\nMoving to LA and \\u201ccity camping\\u201d (4:23)\\nPissing off casting companies\\xa0(6:14)\\nHis accidental first million (8:37)\\nNet worth timeline breakdown and investments (10:04)\\nWhy he doesn\\u2019t tell his family or friends his net worth (20:09)\\nCam\\u2019s favorite way to spend his money (28:04)\\nThe story of his dog (34:03)\\nMaking his money later in life (36:44)\\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"