How Anne Mahlum Spends $200k/month with a $115M Networth

**Anne Mahlum** (0:00)
We've gone to three games ourselves. We've brought four people with us, and then I sent two people. So I think it's around like 340 grand we've spent on the Knicks so far in the playoff season.

**Daniel Berk** (0:14)
Anne Mowlem was on this show about two years ago. She just sold Solid Core, which was a Pilates studio chain she built from 175,000 in her own savings, and sold for $88 million.
At the time, her net worth was around $100 million.

**Anne Mahlum** (0:29)
I started to put my professional worth in how I was making this money turn into more money. And I had to stop doing that too, because it was getting a little obsessive.

**Daniel Berk** (0:40)
Then we get into what having a baby has done to the way she thinks about how she spends her life, how she spends her money, and just what matters most to her.

**Anne Mahlum** (0:49)
But what if you met somebody who had 120 million apples, and they're like, what are you doing today? I'm trying to go get more apples. You'd be like, are you insane? Like, why don't you just eat what you have and frankly share it with some other people who can't find any apples?

**Daniel Berk** (1:05)
Finally, we talk about what she actually wants to be remembered for, which has nothing to do with money.
This is Moneywise. I'm Daniel Berk. Here is Anne. Before I get into it, this show comes from Hampton. It's a private community for founders who are doing three million a year in revenue or who have sold a company for $10 million or more. Most of the members are running companies doing anywhere from three million to hundreds of millions in revenue. And the reason I get to sit across from guests like Anne and have them tell me their actual numbers and have amazing conversations that are really life-changing is because that kind of honesty is what Hampton is built around. If that type of honesty, those types of private conversations behind closed doors interest you, this is your world. Check it out at joinhampton.com. Well, Anne, thank you so much for coming on Moneywise. I'm excited. The second episode for those listening, she's been on Moneywise before, so this is kind of like a return of the king or queen as you will. So this is going to be great. Thank you for joining.

**Anne Mahlum** (1:59)
Let's see what's the same and what's changed.

**Daniel Berk** (2:01)
Yes. Let's see. And congrats to your Knicks teams. It's so cool. You told me you've just flew up to New York for the last game.
When this airs a lot more will maybe have occurred, so let's cross our fingers.

**Anne Mahlum** (2:14)
I'm just going to say congrats to the Knicks on winning the championship.

**Daniel Berk** (2:20)
Let's speak it into reality. That's exactly right. What does that look like, flying up for the games?

**Anne Mahlum** (2:26)
Yeah. So to New York, it's super easy for us.
So we definitely have flown our fair share of private, but it's honestly not any easier, so we'll just fly commercial like the Delta out of Miami, the gate. I don't know if anybody flies Delta out of Miami, but it's like literally you walk right through clear and we're within our gate in like 10 minutes. So it doesn't get any faster. The only reason I fly private is if I can't get somewhere direct, like North Dakota, which is where I'm from, or just the flight times don't work. And that's just not the case from Miami to New York or LaGuardia. So super easy. And then of course, you know, the next tickets are not cheap these days. And if I'm going to go all that way, I want to sit in good seats. I want to see the action. So we have, gosh, what have we spent so far? We've gone to three games ourselves. We've brought four people with us. And then I sent two people.
So I think it's around like 340 grand we've spent on the Knicks so far in the playoff season.

**Daniel Berk** (3:34)
That's wild. Do you go watch the Knicks when they're not in the playoff season? Or so you're just a fan every year.

**Anne Mahlum** (3:41)
Not enrolling in my $5,000 tickets that I'll spend on that. Seems like one thing. But it's funny, you know, Dan, like as we've purchased, you know, I look at seats now and I'm like, oh, they're only 50 grand. It's so crazy how fast it happens once you spend it once.
It doesn't feel like that big of a deal, you know, to do it again.