Mike Brown made multiple seven figures but invested recklessly in startups and friends' ventures, assuming the money would never stop. He realized there's plenty of advice on getting rich but almost nothing on staying rich. Without systems to preserve wealth, success doesn't last.
When the money's rolling in, when things are going well and you're on top of the world, you think the good times will never end. And unfortunately, I acted like the good times were never going to end. And so even though we were making, you know, multiple 7 figures per year, I was deploying capital into startups and my friends' businesses and essentially every harebrained scheme that anybody brought across my desk. I was going to be their first investor. You know, I say that hindsight being 20/20, but the fact is no one gave me a playbook on how to be well healthy. There's a lot of people out there teaching us how to get rich or how to make money or how to build a business. But there's no one out there teaching us how to be rich.
