{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Moneywise","title":"The Personal Finances of a $200M/year Ecom Business Owner (and why he’s giving away his money)","html":"","width":"100%","height":180,"duration":2690,"description":"Last year, Mike Beckham donated 1 million dollars. \r\nThis year, he's setting his sights even higher.\r\nHe wants to give away 50% of his annual income. And that's not all—his company, Simple Modern, with a valuation of around 350 million dollars, also allocates 10% of its profits each year to charitable causes.\r\nMike's journey to philanthropy has been shaped by a deep-rooted commitment to making a difference. Despite starting his career in the nonprofit sector, he discovered his knack for business growth and decided to leverage his skills to amplify his impact. So he left the nonprofit world and built Simple Modern.\r\nFor Mike, donating his money is about more than just creating a positive impact in the world (although that is a big part). Mike has found that donating his money helps him refrain from spending that doesn’t bring happiness to his life, and allows him to have more success in the most important part of his life: his relationships with others. \r\nIn this episode of Moneywise, Mike will explain all of the benefits of donating. He’ll make the personal and financial cases, including how it’s helped his business succeed. He’ll also give tips on donating effectively, especially if you’re just starting. And as usual, Mike will explain how he made all his money, how he spends it, and give us all the dollar details.\r\n\r\nThis is Moneywise, a podcast where host Sam Parr is 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.\r\nWho is Sam Parr?\r\nSam 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...","thumbnail_url":"https://img.transistorcdn.com/vCvB-0dtzg339Iof9Uhri-E5Cu1YvE_goNcKch75CeI/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS83ZTZj/OWRiMTI3NjI1YWUy/MWY4ZWJkOTU2YzFl/NzE0Mi5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}