🟢 Man Cave Compound Asks $6.5M

Hello Thursday. $3M Sauna House opened this week in Wesley Heights. To my wife's disappointment, I visited the concept and posted a shirtless salt room photo on my LinkedIn (glistening, chiseled bod).

I could only handle 15 seconds in the communal cold plunge. I’m a soft blogger.

Cool design, but I was surprised at no locker rooms, just changing stalls. I’m curious how people will use the relaxation room. At $50 for 2 hours, I think it’s got to be positioned as more of a destination.

Main expenses are really just rent and a few front desk leads — so it can generate monster margins with good volume (my guess is 40-50%). Probably why they raised private equity money and have about $30M of build outs happening over the next 15 months. Anyways.

💼 Hot Job: Vice President of Community & Artist Support at Foundation For The Carolinas ($100K+). You’ll lead a team of 3 and oversee grantmaking.

👨 Shout-out: Adam Sperling for landing the job as the new executive director of the Truist Championship held at Quail Hollow. With 3 daughters (12, 10, 7) he can find the SouthPark Mall Sephora "with his eyes closed."

MARKETS: YEAR-TO-DATE

THE LEAD

Man cave compound with indoor basketball court and astroturf baseball field asks $6.5M

My friend Eric just listed his 8 acre "man cave" compound near the airport for $6.5M. I saw it on a broker’s Instagram and immediately texted him.

Inside take: My son and I have been there to hit baseballs and shoot hoops! It’s wild, absolutely wild.

Overview: The property features a 21,153 square foot warehouse that's currently used as a gym, indoor basketball court, and batting cage.

Prediction: Somebody smart will land bank this for another 5 years, enjoy it as a hangout, and then sell it for $10M+ to a residential developer.

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PIZZA PROFITS

Pizza Baby debuts 2.5 foot Roman Hero Sandwich at $68 for the Super Bowl

My buddy Steven De Falco (35) co-owns Pizza Baby, so I swung by to taste test their Super Bowl specials and ask prying money questions.

Profit margins: "Restaurant margins are razor thin," explained Steven. "If you’re running a 10% net profit (which is considered good), and you waste $10 worth of product, you then have to sell $100 to make that back."

Best seller: Their classic cheese pie called "Mother.” Over 1,000 are sold each quarter.

Economics: "Learn how to apply production theory to a kitchen operation, and then become obsessed with sales and marketing — but all that means nothing without excellent service."

Super Bowl menu: Go with the House Roman pizza for $40 and Roman hero sandwich for $68. Both are 2.5 feet long and cut into 18 party pieces.

TINY MONEY JOB BOARD

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MONEY TALKS

29 year old newlywed DINKs making $300K focus on the "Rule of 72"

Money Talks is a weekly series showcasing how real people in Charlotte approach money. Participate.

Job: "I'm an accounting manager at a consulting firm. I make $150K base plus $20K annual bonus potential. My wife makes roughly the same." (DINK means double income, no kids)

Salary journey: "I started in public accounting right out of college making $60K. Since then, I’ve switched jobs every 2-3 years, earning 25%+ salary jumps each time."

Budgeting: "I'm recently married and we still keep our finances separate. It works for us and avoids conversations like, 'You spent $X on clothes?' (me to her) or 'You spent $X on Magic: The Gathering cards?' (her to me)."

Investing: “I had a great boss. She preached the power of saving early. I think about the Rule of 72 — if I can get 8% returns in the stock market, my money will double in roughly 9 years."

Savings goal: "Buy a condo in Hilton Head for us to enjoy that also produces income as a short term rental."

Financial goals: "(1) Save 2.2x my income for retirement by age 32 – it’s a solid benchmark to maintain my lifestyle in retirement. (2) Spending less in 2025 than in 2024 – keeping lifestyle creep in check."

Full Money Talks: How this 29 year old built a $260K net worth

MONEY SNACKS

5 other financial headlines I’m snacking on

HOUSEKEEPING & CONTEST

Oshen sales "exceeding expectations" as they market $12 bento plate lunch special

"We are blessed with the amount of regulars," co-owner Cinthya Garcia told me "They are so happy we are here and wish us well as it’s been a location with several failed restaurants."

Bento deal: Salad, edamame, sushi (choice of Philly Maki Roll or Baja California Roll), and hibachi chicken with fried rice. Weekday lunch only.

Housekeeping: I'm running a dead simple referral contest over the next 24 hours in an effort to grow Tiny Money to 7,000 high quality subscribers (currently at 6,831). Help me!

Or copy and paste this link to others:

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Happy Thursday! Thank you for your early Tiny Money support, it means a lot to me and please share with a friend ☝️

– Ted

MONEY POLL

Last week’s poll results: Do you have a side hustle? (6,831 subscribers)