Nick Huber came on Moneywise to explain how he built an 8 figure net worth in just 5 years. The breakdown: -Net worth swings wildly based on real estate markets -Couple million liquid in treasuries -Owns 7 storage facilities outright + 59 other properties (with investors) -45% equity in business he values at $20M+ Five years ago he had $500K total. Put every penny into his first storage facility and went broke again. Monthly personal spend is just $22-25K: -$2,300/month house payment (2017 house) -$5K/month nanny -$3K/month jet overhead (owns 1/4 share) -$5-7K/month on family healthcare -$2K/month daycare Its kinda funny that he owns a private jet but won't upgrade his house because he feels like he hasn’t been making money that long and it’d be irresponsible to put it all at risk. His rule: Keep fixed costs low so he can cut spending to $10-15K/month if business gets tough. His long term goal? Make $1M/month profit personally. Then maybe he'll finally upgrade the house. Pod is live, check it out and let me know what you think