The Millionaire Next Door
2/5/20261 hr 11 min
It turns out that the key to wealth is buying the right kind of watch, marrying the right kind of wife and being the right kind of white.
Where to find us:
- Our Patreon
- Our merch!
- Peter's newsletter
- Peter's other podcast, 5-4
- Mike's other podcast, Maintenance Phase
Sources:
- Uneasy Street
- A Century of Wealth In America
- Family, Education, and Sources of Wealth among the Richest Americans, 1982–2012
- Wealth Elite Moralities
- The insane growth of America’s millionaire class
- The Extraordinary Rise In The Wealth Of Older American Households
- Planning & Progress Study 2025
- Striking Out on Their Own: The Self-Employed in Bankruptcy
- How Many Households Meet The Net Worth Guidelines Of The Millionaire Next Door?
- Paying Tribute to Thomas Stanley and His ‘Millionaire Next Door’
- Pity the Billionaires
- What Rich Women Want
- The deserving or undeserving rich?
- The Evolution of Top Incomes
Thanks to Mindseye for our theme song!
Clips
Transcript preview
First 90 secondsPeter Shamshiri· Host0:00
The only other thing I'll say about this is that every pro- you meet the prosecutors and stuff, like, me, they introduce themselves, but, like, they're all Italians from New Jersey, and I was just like- Really? ... If this was any other ethnicity, [laughs] if, like, every prosecutor was I- Indian or something, like, J.D. Vance would be talking about it, you know?
Michael Hobbes· Host0:16
[laughs] Do they have a Jersey Shore accent? How do you tell that they're Italians? How do you know?
Peter Shamshiri· Host0:21
Their, their, their names was like, "I'm Danny Goomba." [laughs] "I'm Ja- this is, uh, Jenna Pastaroni."
Michael Hobbes· Host0:27
This is such an insane way to run a justice system, honestly.
Peter Shamshiri· Host0:30
There was a moment when we're all standing outside the courtroom, 50 people, dead silence except for this one girl who, like, was having a full fucking chat with the, with the woman next to her, who obviously, like, was less into it.
Michael Hobbes· Host0:41
Mm.
Peter Shamshiri· Host0:41
We were right next to the elevator, which was under construction.
Michael Hobbes· Host0:45
Mm.
Peter Shamshiri· Host0:46
And she kept saying, "Is there... Are they doing construction, or is that just, like, a very loud elevator?" [laughs] And, like, when I tell you that it was, like, the most obvious construction noises, it was, like, fucking jackhammers and men shouting. [laughs] And she kept waffling. Every two minutes, she's like, "Maybe it is construction. You know, maybe it is just a loud elevator." [laughs] And I think the other lady was a little too polite to be like, "Moron-" [laughs] [laughs] "... what are you fucking talking about?" Also, like, the- several of the elevators were blocked off with giant signs that said, like, under, I, I, Michael, like, I was like, "This woman is about to decide whether a murder one case" [laughs] Right. [laughs] Like, like, wh- Someone's life is in this woman's hands. [laughs] Dude, like, there is a murder, fucking murder defendant in there.
Michael Hobbes· Host1:28
All right, we gotta jump, we gotta jump in.