$100M Net Worth, $5M Income: How I used money to handle a cancer diagnosis

MoneyWise

What’s the true value of money when faced with a life-or-death situation?

Mitch found out the hard way when his wife was diagnosed with cancer.

As a highly successful entrepreneur with a net worth of nearly $100 million, Mitch had built a life of financial security. But when faced with his wife’s illness and his own health scare, he discovered that no amount of money could buy control over life’s toughest moments.

Mitch's story is one of resilience, from his early entrepreneurial days, selling candy out of his locker, to growing a business worth millions. He reflects on the emotional and personal costs of his financial success and how his near-death experience completely shifted his perspective on wealth, work, and family.

This is Moneywise, a podcast where hosts Sam Parr and Harry Morton are 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.

Who is Sam Parr?

Sam 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.

Who is Harry Morton?

Harry Morton is the CEO of Lower Street, a company specializing in premium podcast production that he founded to transform brand narratives through audio storytelling. His expertise has made Lower Street a leader in the podcast industry, working with diverse clients from startups to Fortune 500 companies to enhance their market presence and audience engagement.

This episode also features an interview conducted by Aaron Hayslip.

This podcast was made for the Hampton community, a private, highly-vetted, peer membership community for founders and CEOs of fast-growing, tech-enabled startups.

Chapters:

Mitch's Early Entrepreneurial Spirit (03:25)

First Taste of Wealth and Career Choices (05:24)

Health Scare and Perspective Shift (13:30)

Reflecting on 2019: A Pivotal Year (21:36)

Turning Down a Billion-Dollar Offer (22:03)

Starting from Scratch: The Independent Journey (24:08)

Facing a New Challenge: Breast Cancer Diagnosis (28:48)

The Emotional Toll and Family Struggles (30:27)

The Role of Wealth in Healthcare Access (33:41)

Reevaluating Wealth and Power (37:35)

Investing in Experiences (39:37)

The Limits of Wealth and Final Reflections (40:40)

This podcast was produced in partnership with Lower Street and distributed by Morning Brew.