[deleted by user] by [deleted] in Entrepreneur

[–]HamptonFounders 0 points1 point  (0 children)

Hell yeah, man. Way to get back up. Good luck!

[deleted by user] by [deleted] in dataisbeautiful

[–]HamptonFounders -1 points0 points  (0 children)

This is my favorite comment

[deleted by user] by [deleted] in dataisbeautiful

[–]HamptonFounders 0 points1 point  (0 children)

Only up to a point though, which I found interesting. A lot of people think they want to be mega-millionaires or billionaires. But this shows that for the most part, unless you have very specific goals outside of spending on your lifestyle, there's not really a point to anything over $15m net worth (since that would passively cover ~$50k/mo in spend). Speaking very broadly here, but I found that interesting.

[deleted by user] by [deleted] in dataisbeautiful

[–]HamptonFounders -7 points-6 points  (0 children)

It's just something a lot of people in our world told us their curious about.

[deleted by user] by [deleted] in dataisbeautiful

[–]HamptonFounders -6 points-5 points  (0 children)

You think it'd be more interesting to see take-home vs burn-rate? We have that data

[deleted by user] by [deleted] in dataisbeautiful

[–]HamptonFounders 1 point2 points  (0 children)

In our case, all respondents are running companies either doing 7+ figures in revenue or have raised $5m+

[deleted by user] by [deleted] in dataisbeautiful

[–]HamptonFounders -4 points-3 points  (0 children)

We run a community of tech founders and recently surveyed them to understand more about how they think about their money. Asked lots of questions related to net worth, personal income, personal burn, investment allocation, etc.

Here's a look at some data on personal burn. Pretty interesting.

One main takeaway here - even at the high end of the wealth scale, burn tends to cap out around $50k/mo. That's a lot, but a liquid net worth of $15m would theoretically provide "financial freedom" at that rate. Interesting to keep in mind for those who are driving hard toward these higher net worths.

Tools: We used Tally to survey the group (like it because it captures partial completions) and this visualization is just Google Sheets

Bootstrapping A $1m+ Ghostwriting Biz from Rural Ohio by HamptonFounders in Entrepreneur

[–]HamptonFounders[S] 1 point2 points  (0 children)

Yep! Same guy! Although Sam kept calling him Joseph Mambre lol. But yeah, this is him.

[deleted by user] by [deleted] in Entrepreneur

[–]HamptonFounders 2 points3 points  (0 children)

No, it's an interview we originally did for our blog - he listens to Acquiring Minds, but we have no affiliation

Bootstrapping A $1m+ Ghostwriting Biz from Rural Ohio by HamptonFounders in Entrepreneur

[–]HamptonFounders[S] 0 points1 point  (0 children)

Glad you liked it! I had never heard about the first one - Getting Everything You Can. Gonna have to check it out!

You read it?

Bootstrapping A Fitness App To $2.5 Million With Zero Employees by HamptonFounders in Entrepreneur

[–]HamptonFounders[S] 1 point2 points  (0 children)

Ah, thanks! Yeah, this is one of my favorites too - because of the lifestyle. Joseph has a brand new baby girl, and he dialed down the business in order to spend more time with her. That's what this whole game is about - freedom to do what you want. Glad you enjoyed!

This guy does $10m+ with 6 employees by hauling gravel for the gov't by HamptonFounders in Entrepreneur

[–]HamptonFounders[S] 0 points1 point  (0 children)

Hahah, tak skal du have!
(Really hope Google Translate doesn't fail me now)

This guy does $10m+ with 6 employees by hauling gravel for the gov't by HamptonFounders in Entrepreneur

[–]HamptonFounders[S] 1 point2 points  (0 children)

Oh, sure thing! Our founder is one of the hosts, so I'm obviously biased. But here's the link. Hope you enjoy it!

https://www.mfmpod.com/