Chapter
Starting a music store with Tom Schumacher
1:16:25 - 1:22:31 (06:05)
Tom Schumacher shares his experience of investing thousands of dollars in setting up a music store during his college days, along with insights on how the ultra-affluent spend their money.
Clips
The speaker shares how he learned about supply and demand, growth, and business mortality through his experience of starting a music store that bought and sold CDs and cassette tapes.
1:16:25 - 1:19:18 (02:53)
Business
Summary
The speaker shares how he learned about supply and demand, growth, and business mortality through his experience of starting a music store that bought and sold CDs and cassette tapes.
ChapterStarting a music store with Tom Schumacher
Episode#356: Peter Mallouk — Exploring the Worlds of Investing, Assets, and Quality of Life
PodcastThe Tim Ferriss Show
Many ultra-wealthy individuals struggle to enjoy their money, as they have been solely focused on saving and growing their wealth, without being able to downshift and spend their money for enjoyment.
1:19:18 - 1:22:31 (03:12)
Wealth
Summary
Many ultra-wealthy individuals struggle to enjoy their money, as they have been solely focused on saving and growing their wealth, without being able to downshift and spend their money for enjoyment. This mindset may persist despite their financial success, leading to a lack of fulfillment and enjoyment from their wealth.