My First Million

Latest Episodes:

How To Go Beast Mode As A Founder Jul 08, 2024

Show notes

Episode 606: Shaan Puri ( https://twitter.com/ShaanVP ) brings you 24 minutes of raw motivation. Think of this as an angry love letter to kick off your week.

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Show Notes:

(0:00) Peter Thiel’s One Priority Philosophy

(4:30) 3 lies you’re telling yourself

(7:55) Zuck closes a $1B dollar deal in 48 hours

(13:41) The Collison Installation

(16:13) Lead bullets v Silver bullets

(18:51) When to sprint

(20:44) The 3 Big Questions

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Check Out Shaan's Stuff:

Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd

—

Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com/

• Ideation Bootcamp - https://www.ideationbootcamp.co/

• Copy That - https://copythat.com

• Hampton Wealth Survey - https://joinhampton.com/wealth

• Sam’s List - http://samslist.co/

My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

How I Made My First $1M - The Andrew Wilkinson Story Jul 05, 2024

Show notes

Episode 604: Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) talk to Andrew Wilkinson ( https://x.com/awilkinson ) about how he went from a $6.50/hr barista to millionaire in just 4 years.

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Show Notes:

(1:00) From barista to billionaire

(1:40) Andrew’s 1st level up: From day job to self employed

(3:26) Shaan 1st money made as an entrepreneur

(4:40) Sam’s 1st money as an entrepreneur

(7:15) Andrew’s 2nd level up: From self employed to boss

(8:40) From selling your time to selling other people's time

(9:30) Book: The E-Myth (Thinking of your business as a machine) (10:10) Andrew makes his first million dollars profit

(12:00) Robert Kiyosaki’s cashflow quadrant

(13:20) Andrew’s 3rd level up: Incubating Businesses - The decathlon of failed businesses

(17:00) Andrew sells one of his businesses and creates a nest egg

(18:45) Andrew discovers Warren Buffet’s teachings and starts learning to invest.

(19:48) Andrew's 20% rule

(20:33) Sam's pauper tendencies

(22:58) Andrew starts angel investing

(24:00) Andrew starts hiring CEOs and removes himself from his businesses

(28:30) Poker v Roulette in investing

(31:20) Andrew’s 4th level up: Taking his company public and reaching the end goal. However money didn’t buy happiness.

(33:46) What’s the actual amount that will make you happy?

(34:37) Business is a good way to build relationships

(35:35) Figuring out your annual burn rate

(36:48) The goals every entrepreneur should have. Launchpad. Enough. Life’s Work

(38:23) $10M = financial freedom

(41:28) It doesn’t take a special skill set to get to financial independence

(46:41) Shaan’s learns about the deferred life plan

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Links:

• Never Enough - https://www.neverenough.com/ (⬅️ Andrew’s book!)

• The E-Myth - https://shorturl.at/h7Q1J

• Rich Dad Poor Dad - https://shorturl.at/S28Dd

• How To Get Rich - https://shorturl.at/pGTSm

—

Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com/

• Ideation Bootcamp - https://www.ideationbootcamp.co/

• Copy That - https://copythat.com

• Hampton Wealth Survey - https://joinhampton.com/wealth

• Sam’s List - http://samslist.co/

—

Check Out Shaan's Stuff:

Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd

My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

The Simple Newsletter Making $20M+ A Year With 1 Employee Jul 01, 2024

Show notes

Episode 603: Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) talk to Kevin Van Trump ( https://x.com/KevinVanTrump ) about his journey from rural farm kid, to commodities trader, to creator of a farm newsletter that’s making $20M/year.

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Show Notes:

(0:45) How Sam met Kevin, then got his mind blown

(2:05) Shaan's reaction at his 1st Farmcon experience (Corn futures and options trading)

(4:35) The farmer's theory of the old bear and the young bull

(5:00) How Kevin's newsletter inspired Shaan to start Milk Road

(6:25) Breaking down The Van Trump Report ($18M ARR run by 4 ppl)

(8:05) Rural farm kid gets into trading

(12:28) Farmers operating at the highest level

(13:50) Ag Swag

(16:18) The Van Trump Business Model "People buy value not price"

(19:00) The customer continuum

(20:43) Poker vs chess

(23:57) The decision to do nothing is still a decision

(25:04) Trader v investor

(28:20) How most people should be building wealth

(32:37) Why the wealthy are getting into agriculture

(33:55) The succession plan for farms

(36:00) The economics of professional bull riding

(39:14) The come up of FarmersOnly

(41:15) How to buy a farm

(44:32) Wearables for livestock

(45:18) Blockchaining farms

(47:55) Kevin's take on lab-grown meat

(50:00) Opportunity zones: air, shelter, food, water

(52:35) New trend: trade schools

(54:24) Roll ups for wealth creation

(55:30) How to gain new perspectives (purposefully)

(57:50) Windows vs doors

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Links:

• FARMCON - https://www.farmcon.com/

• The Van Trump Report - https://www.vantrumpreport.com/

• AgSwag - https://agswag.com/

• Bid On Beef - https://www.bidonbeef.com/

• AcreTrader - https://acretrader.com/

• Zoetis - https://www.zoetisus.com/

—

Check Out Shaan's Stuff:

Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd

—

Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com/

• Ideation Bootcamp - https://www.ideationbootcamp.co/

• Copy That - https://copythat.com

• Hampton Wealth Survey - https://joinhampton.com/wealth

• Sam’s List - http://samslist.co/

My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

Business Tricks We've Learned From Gamblers, Pickup Artists, & Feynman Jun 28, 2024

Show notes

Episode 602: Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) talk about how to 10x your odds of success.

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Show Notes:

(0:00) Ed Thorp and the mathematics of gambling

(7:51) World's first hedge fund

(12:12) Sam and Shaan revisit “The Game”

(16:06) The Feynman technique for learning

(21:14) Shaan's one criteria for action

(24:58) Why you don't need privilege to start

(29:06) Playing "the game" of business

(33:37) Switching to better games

(36:15) How the Roger Bannister Effect crushes limiting beliefs

(40:13) Step 0: Believe it can be done

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Links:

• [Steal This] Get our proven writing frameworks that have made us millions https://clickhubspot.com/copy

• Ed Thorp biography - https://tinyurl.com/yjcp4645

• Beat The Dealer - https://tinyurl.com/yc426fc5

• Ed Thorp website - https://www.edwardothorp.com/

• The Game - https://tinyurl.com/3kh3xfhn

• Jack Smith’s episode - https://tinyurl.com/yc4zdnem

• Kaggle - https://www.kaggle.com/

• Bringing Down The House - https://tinyurl.com/4txm492n

• Grab HubSpot's free AI-Powered Customer Platform and watch your business grow https://clickhubspot.com/fmf

—

Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com/

• Ideation Bootcamp - https://www.ideationbootcamp.co/

• Copy That - https://copythat.com

• Hampton Wealth Survey - https://joinhampton.com/wealth

• Sam’s List - http://samslist.co/

—

Check Out Shaan's Stuff:

Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd

My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

The Dark Story Behind Ozempic’s $500B Business Empire Jun 26, 2024

Show notes

Episode 601: Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) talk to Calley Means ( https://x.com/calleymeans ) about the $50T drug that has Americans in a chokehold.

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Show Notes:

(0:00) Intro

(1:54) The problem with Ozempic

(4:25) America is a dirty fish tank

(9:58) The Flexner Report

(12:06) 90% of doctors never study nutrition or fitness

(15:38) Cigarette companies invented processed food

(17:16) A case for Ozempic

(21:56) The macroeconomics of Ozempic

(26:37) Why you shouldn't trust Stanford or Harvard

(34:11) How one family got America hooked on drugs for life

(36:51) Nothing is more profitable than a child who gets sick early

(39:00) The 80/20 on nutrition and health

(42:32) How the death of a parent radicalized Calley

(46:46) Why Japanese children only have 3% obesity rate

(49:07) The difference between European and American candy

(52:33) HBS is a conformity factory

(55:50)"Psilocybin is the single most thing we should be doing"

(1:05:47) When the student is ready, the teacher appears

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Links:

• [Steal This] Get our proven writing frameworks that have made us millions https://clickhubspot.com/copy

• Truemed - https://www.truemed.com/

• The Flexner Report - https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3178858/

• Good Energy - https://tinyurl.com/39jzb6zs

• Grab HubSpot's free AI-Powered Customer Platform and watch your business grow https://clickhubspot.com/fmf

—

Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com/

• Ideation Bootcamp - https://www.ideationbootcamp.co/

• Copy That - https://copythat.com

• Hampton Wealth Survey - https://joinhampton.com/wealth

• Sam’s List - http://samslist.co/

—

Check Out Shaan's Stuff:

Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd

My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

5 Business Ideas To Start Today With $0 ft. Shark Tank's Sabri Suby Jun 25, 2024

Show notes

Episode 600: Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) talk to Sabri Suby ( https://x.com/sabrisuby) about business ideas he would go after if he was starting from scratch.

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Show Notes:

(0:00) Intro

(1:04) Idea: Done-For-You Channel Growth

(7:28) Idea: Affiliate arbitrage for Chiropractors

(13:02) Idea: Live Chat as a service

(14:50) Look for customers with a bleeding neck

(17:39) Idea: $100K/day opportunity with TikTok Shops

(26:42) Get paid to learn the most valuable skills as a marketer

(29:24) Kill the little bitch inside

(32:18) Philosophy: Have more fun

(44:31) How to be better at small talk

(45:44) Invest in building your year

(47:53) Showmanship

(51:42) The difference between good and great

(53:26) Stop praying to the internet gods

(54:45) How to get your target market to raise their hand

(56:33) Sabri's 1M copy book funnel

(59:47) The Yes, Yes, Yes, No Funnel

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Links:

• Sabri on YouTube - https://www.youtube.com/@SabriSubyOfficial

• [Steal This] Get our proven writing frameworks that have made us millions https://clickhubspot.com/copy

• Sell Like Crazy - https://selllikecrazybook.com/

• King Kong - https://kingkong.co/

• Grab HubSpot's free AI-Powered Customer Platform and watch your business grow https://clickhubspot.com/fmf

—

Check Out Shaan's Stuff:

Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd

—

Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com/

• Ideation Bootcamp - https://www.ideationbootcamp.co/

• Copy That - https://copythat.com

• Hampton Wealth Survey - https://joinhampton.com/wealth

• Sam’s List - http://samslist.co/

My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

3 Things You Need To Outperform 99% Of Entrepreneurs Jun 22, 2024

Show notes

Episode 599: Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) talk about the best traits of a startup founder and lessons from how Dana White, Elon Musk, and Emmett Shear cut through the bullshit.

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Show Notes:

(0:00) Top traits founders should take from Dana White

(5:35) 1 - Brute force

(10:21) 2 - Extreme bias for action

(14:55) Quick audit of Dana White's gambling claims

(18:00) 3 - Speed

(19:00) Checklist for a perfect niche event business

(22:56) IDEA: The Beer Mile

(24:45) IDEA: Paddle Prison Break

(25:47) IDEA: Skyline Scramble

(30:17) Growth vs EBITDA vs cash flow

(32:27) Shaan's Guide to Increase EBITDA

(34:19) Step 1: create a EBITDA budget

(37:08) Step 2: communicate the plan relentlessly

(37:48) Step 3: Track and report

(38:04) Step 4: Tie into incentives

(38:30) Step 5: Repeat every 30 days

(40:02) Next stage: Cash flow

(41:28) The benefit of playing on Hard Mode

(43:38) Is e-commerce dead?

(44:54) Shaan's $30M dollar dream house

(47:56) Shaan writes an essay

(49:43) Sexier core principles

(1:00:53) Culture: What people do when the boss isn't around

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Links:

• [Steal This] Get our proven writing frameworks that have made us millions https://clickhubspot.com/copy

• Shaan Puri essays - https://www.shaanpuri.com/essays

• Brunello Cucinelli - https://shop.brunellocucinelli.com/

• Grab HubSpot's free AI-Powered Customer Platform and watch your business grow https://clickhubspot.com/fmf

• Wander - https://www.wander.com/mfm (Enter to win a free trip and use code MFM300 at checkout for $300 off your booking)

—

Check Out Shaan's Stuff:

Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd

—

Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com/

• Ideation Bootcamp - https://www.ideationbootcamp.co/

• Copy That - https://copythat.com

• Hampton Wealth Survey - https://joinhampton.com/wealth

• Sam’s List - http://samslist.co/

My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

Listen To These 40 Minutes To Unf*ck Your Life Jun 19, 2024

Show notes

Episode 598: Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) talk about which path is worth pursuing: money or passion?

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Show Notes:

(0:00) The rise and fall of the Lehman Brothers

(4:56) The life we live vs the unlived life

(9:13) How Jerry Seinfeld puts in the work

(12:54) You don't have to save the world

(21:45) “What would I work on if I wasn't afraid?”

(23:27) Sylvester Stallone and the wolf at the door

(30:10) Low Key Billy of the Week: Michael Pryor

(39:29) Sam reflects on being popular

(40:58) Sam and Shaan's "number" to walk away

—

Links:

• [Steal This] Get our proven writing frameworks that have made us millions https://clickhubspot.com/copy

• The War of Art - https://tinyurl.com/4w9evyk8

• Fog Bugz - https://ignitetech.com/softwarelibrary/fogbugz

• Stack Overflow - https://stackoverflow.com/

• Joel on Software - https://www.joelonsoftware.com/

• Wander - https://www.wander.com/mfm (Enter to win a free trip and use code MFM300 at checkout for $300 off your booking)

• Grab HubSpot's free AI-Powered Customer Platform and watch your business grow https://clickhubspot.com/fmf

—

Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com/

• Ideation Bootcamp - https://www.ideationbootcamp.co/

• Copy That - https://copythat.com

• Hampton Wealth Survey - https://joinhampton.com/wealth

• Sam’s List - http://samslist.co/

—

Check Out Shaan's Stuff:

Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd

My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

EXCLUSIVE: $3B Founder Reveals His Next Big Idea Jun 17, 2024

Show notes

Episode 597: Sam Parr ( https://twitter.com/theSamParr ) talks to Brett Adcock ( https://x.com/adcock_brett ) about his next big idea, his checklist for entrepreneurs, and his framework for learning new things and moving fast.

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Show Notes:

(0:00) Solving school shootings

(3:15) Cold calling NASA

(6:14) Spotting the mega-trend

(8:37) "Thinking big is easier"

(12:42) Brett's philosophy on company names

(16:22) Brett's ideas note app: genetics, super-sonic travel, synthetic foods

(19:45) "I just want to win"

(21:46) Brett's checklist for entrepreneurs

(25:17) Being fast in hardware

(30:15) Brett's framework for learning new things

(33:00) Who does Brett admire

—

Links:

• [Steal This] Get our proven writing frameworks that have made us millions https://clickhubspot.com/copy

• Brett Adcock - https://www.brettadcock.com/

• Cover - https://www.cover.ai/

• Figure - https://figure.ai/

—

Check Out Shaan's Stuff:

Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd

—

Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com/

• Ideation Bootcamp - https://www.ideationbootcamp.co/

• Copy That - https://copythat.com

• Hampton Wealth Survey - https://joinhampton.com/wealth

• Sam’s List - http://samslist.co/

My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

He Got Fired By His DAD… So He Built a $60M/yr Empire Jun 13, 2024

Show notes

Episode 596: Sam Parr ( https://twitter.com/theSamParr ) talks to Craig Fuller ( https://x.com/FreightAlley ) about how he turned dying hobby magazines into a cash flow machine.

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Show Notes:

(0:00) Intro

(2:45) Economics of long-haul trucking

(3:36) Getting fired from the family business

(5:30) Fuel cards for truck drivers

(6:40) How FreightWaves hit $20M ARR in 2 years

(9:08) Acquiring FLYING for $3.5M

(12:14) Opportunity: Depressed media properties

(16:02) From losing $8 per subscriber to profitability in 1 year

(20:31) A media side hustle becomes a real estate main hustle

(22:55) Craig's tolerance for being leveraged

(25:32) Pre-selling $28M units pre-construction

(28:51) Diversity, Asymmetrical risk, and generational security

(31:11) Teams to diversify your time

(34:21) Building a portfolio of hobby magazines

(37:20) Content to commerce playbook

(47:03) The story of William Randolph Hearst

(51:32) What's the chase?

(53:15) "The best thing to give a founder is an enemy"

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Links:

• FreightWaves - https://www.freightwaves.com/

• Knight-Swift - https://knight-swift.com/

• Firecrown - https://firecrown.com/

• The Chief - https://tinyurl.com/36khrt8y

—

Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com/

• Ideation Bootcamp - https://www.ideationbootcamp.co/

• Copy That - https://copythat.com

• Hampton Wealth Survey - https://joinhampton.com/wealth

• Sam’s List - http://samslist.co/

—

Check Out Shaan's Stuff:

Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd

My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

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