Brooklyn's High Living Costs
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Sam Parr shares insights about the high cost of living a wealthy lifestyle in Brooklyn, including examples from two friends.
"I talked to two friends - one friend who lives in Brooklyn told me that he spends around $500,000 a year. Then another friend that also lives nearby told me he spends $800,000 a year. He sent me his list but said 'I have an additional house in North Rhode Island, but if you take that vacation home away, we are spending around $650,000 a year.'
When you go and walk on these streets, there's a fancy house every block. If you go to Manhattan, there's a fancy apartment every block. How on earth do so many people afford this? It's crazy when you actually think about the logistics.
I had four takeaways:
- There's a story behind everything - most people get help or inherited wealth
- You have to earn a lot of money
- You probably need to sell a business
- There's just so much money and opportunity out there"
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.