Episode description
127 founders (net worth: ~$1M–$100M+) opened up their personal books. Want to see how your finances stack up? https://www.joinhampton.com/wealth-report
He’s worth 8 figures, owns a private jet, and still tracks every dollar. Nick Huber says avoiding lifestyle creep is harder, and more important, than getting rich.
Here’s what we talk about:
- How Nick Huber built an 8-figure net worth from sweaty startups and smart real estate plays.
- Why he keeps over $2M liquid and doesn’t touch stocks.
- His exact monthly burn (yes, including the jet) and how he keeps it under $25K.
- The psychology behind lifestyle creep, and why he’s borderline paranoid about fixed costs.
- Why he’d rather live modestly than risk losing what he’s built.
- The emotional rollercoaster of lumpy cash flow, $900K tax bills, and late-night financial dread.
- How he justifies buying a private jet.
- His next goal: $1M/month in personal profit, and why he's not trying to be a media mogul along the way.
Cool Links:
- Hampton https://www.joinhampton.com/
- Lower Street https://www.lowerstreet.co/
- Nick’s Stuff https://www.nickhuber.com/
Chapters:
- (00:00) Introduction to Nick Huber's Success
- (00:48) Nick Huber's Financial Journey
- (01:20) Breaking Down Net Worth and Assets
- (03:12) Cash Flow Management
- (05:16) Nick's Humble Beginnings
- (08:49) Entrepreneurial Lessons and Challenges
- (13:44) The Rise of Storage Squad
- (17:42) Maintaining Frugality Despite Wealth
- (20:10) Managing Lifestyle Creep
- (22:09) The Justification for Owning a Jet
- (24:11) Avoiding Fixed Costs
- (24:56) Balancing Ego and Humility
- (30:45) The Role of Media in Entrepreneurship
- (35:57) The Emotional Roller Coaster of Entrepreneurship
- (39:16) Conclusion and Final Thoughts
This podcast is a ridiculous concept: high-net-worth people reveal their personal finances.
Inspired by real conversations happening in the Hampton community.
Your Host: Harry Morton
- Founder of Lower Street, a podcast production company helping brands launch and grow top-tier podcasts.
- Co-parents a cow named Eliza.
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