You should bucket your assets into different risk categories and fund a 'big money account' through small lifestyle tradeoffs so you can take concentrated risk without fear.
Camillo advises separating your money into risk-bucketed accounts, funding a 'big money account' through small lifestyle tradeoffs like mowing your own lawn or delaying purchases, so you can take concentrated risks without psychological fear. ✦ AI generated
Chris Camillo · My First Million · 2026-07-29 · original ↗
starts at this moment · 87:25
You got to bucket your assets for different risk categories, right? So, I think everybody should have a big money account. I don't care if you start with $50 in that account, but everyone should have an account where they're willing to take big risk for big gains. And you don't have to take your kids, you know, college savings to put in that account or your retirement money in that account. You could just start making tradeoffs in your life. Like, I don't know, mow your own lawn or make your own coffee. But every dollar that you save, put it in this big money account and then use it to actually take a big risk every once in a while in something that you believe in so that you have a chance of becoming a top 1% investor, but do it with tradeoffs. Do it with other people's money, right? Like get your haircut every 5 weeks instead of every four weeks. I don't know. like delay that big purchase 6 months so the big screen TV is $200 less than it was 6 months earlier. Take the $200 you saved. Put it in your big money investment account. If that's how you fund that account, then you're not a afraid to take a concentrated risk. If you're co-mingling your money altogether, it could be really hard to take a big risk on something because it's psychologically difficult for you to throw that much money into a risky investment.
verbatim transcript · starts at 87:25
(00:57:09) over the next few months. So, it it it's a massive concentration risk that I'm putting on this trade. But this this is what I do, right? Like you you can't generate outsiz returns without taking outside risk. You just can't do it. By the way, guys, I don't think that most people should be doing this across their entire portfolio. I always tell people like, and I'm not a financial adviser,
(00:57:32) obviously, but you got to bucket your assets for different risk categories, right? So, I think everybody should have a big money account. I don't care if you start with $50 in that account, but everyone should have an account where they're willing to take big risk for big gains. And you don't have to take your kids, you know, college savings to put in that account or your retirement money in that
(00:57:58) account. You could just start making tradeoffs in your life. Like, I don't know, mow your own lawn or make your own coffee. But every dollar that you save, put it in this big money account and then use it to actually take a big risk every once in a while in something that you believe in so that you have a chance of becoming a top 1% investor, but do it
(00:58:23) with tradeoffs. Do it with other people's money, right? Like get your haircut every 5 weeks instead of every four weeks. I don't know. like delay that big purchase 6 months so the big screen TV is $200 less than it was 6 months earlier. Take the $200 you saved. Put it in your big money investment account. If that's how you fund that account, then you're not a afraid to