My First Million

Snapshot · My First Million

How the Ex-Goldman CEO actually invests his own money

Explore episode Jun 16, 2026

Where this was said

The Goldman Obituary Test

At 43:51 · chapter starts 40:46

Sam asks about family financial habits and Blankfein tells a story that is almost surreal in retrospect. Early in his Goldman career, he and his wife drove to the closing of a small beach house — their first property purchase — while his wife tried to reconcile in her head whether they had enough money. She kept coming up short on the math during a 30-mile drive, growing increasingly panicked, until they finally realized she had forgotten to count the 10% down payment they'd already put down. They were spending more than everything they had saved. This from a future Goldman Sachs CEO. The story lands because it's humanizing without being pitying — Blankfein contextualizes it with his upbringing in a household where his father was periodically unemployed and money was genuinely scarce. The scarcity mindset, he says, lifted in his 30s, but it never fully disappeared.

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