25:22

How I Live On $25,000/Month In New York City

Name: How I Live On $25,000/Month In New York City
Uploaded: 2024-07-04T21:32:20.254Z
Duration: 25 min 22 s
Description: Sam (Speaker 1) discusses his lifestyle after selling his company: his monthly spend rose from ~$10–15K to ~$20–25K, but he still uses coupons and budgets. His biggest change is increased confidence, not material consumption. He fears raising a spoiled, drug-addicted child and plans to pay only for tuition and medical expenses.

From My First Million · Published Jul 4, 2024 · Watch on YouTube

TL;DR

Sam (Speaker 1) discusses his lifestyle after selling his company: his monthly spend rose from ~$10–15K to ~$20–25K, but he still uses coupons and budgets. His biggest change is increased confidence, not material consumption. He fears raising a spoiled, drug-addicted child and plans to pay only for tuition and medical expenses.

Key insights

Sam’s biggest lifestyle change after wealth was confidence, not spending; he still feels paranoia about going broke.
He bought a fancy car and real estate after his windfall but says those purchases brought “close to no happiness.”
He still uses coupons and budgets; his wife has a drawer full of coupons and they went to Costco for a $20-off coupon.

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