Oct 30, 2024 · 46m · my-first-million
Q&A: Gut punches, favorite guests, plus advice for life
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In this wide-ranging Q&A episode, Shaan Puri and Sam Parr answer listener questions spanning post-exit wealth management, fatherhood, and business vulnerabilities while sharing their favorite podcast guests and high performers they would love to shadow.
Statements from this episode (13)
Parr: $50 Million at Age 35 Compounds Into $1 Billion
“If you make fifty million dollars at the age of 35, that basically
Becomes a billion eventually”
Parr: Post-Exit Founders Rush Into Bad Projects Like Horny Teenagers
“When you make a lot of money, you get bored. And because of that, you start kind of, it's like falling in love with someone when you're, like, really horny. It's like, dude, you don't actually love that person. You know what I mean? Like, don't actually do it.…”
Puri: Wealth Separates Money Management, Earning, and Time Allocation
“When you get rich, the point of getting rich, in a way, is to separate the questions of, what do I do with my money? What do I do for money? And what do I do with my time? Those are now separate questions for you. But before, when you have no money, they're th…”
Parr: Buying Heavy Assets Post-Exit Weighs Founders Down
“It's a very common mistake, is to go and, like, acquire a whole bunch of stuff, which weighs you down, and it ruins the whole seeking process.”
Shaan Puri: The ability to relax is a major mispriced asset
“And I think that one of the big mispriced assets is, do you know how to chill?”
Parr: Dharmesh Shah proves you can be aggressive while calm and nice
“Dharmesh proves that you can be aggressive while still being calm and nice. Dharmesh is like shockingly aggressive towards life.”
Shaan Puri: Creators should build what they like rather than chase hits
“And I just thought that is a wonderful banner cry for a creator, an artist, is to say, I just make what's cool to me, and sometimes the whole world agrees.”
Parr: Expecting a Single Hire to Be a Silver Bullet Always Fails
“When my expectation is that this person is going to be the silver bullet. They're never lived up to, and it's not their fault. They could be fantastic, but like,”
Puri: Serious Health Scares Destroy the Startup Obsession Delusion
“The liver punch in business is when you have a real life scare, and you're like, wow, I feel so stupid for having just spent Like, caring so much about these stupid KPIs and metrics and dialing the knobs and optimizing this funnel. It's like, dude, honestly, w…”
Puri: NBA Star Luka Dončić Is a Top 100 Overwatch Player
“Luka Doncic, who's like one of the best basketball players in the world. He's a top 100 Overwatch player.”
Parr: South Park Creates Entire Episodes in Six Days
“South Park, which has been around for 25 years, it's basically two guys, Matt and Trey, they come up with an entire 30 minute episode in six days. So from idea to it being live is six days, and they do that every single season, and they've done for 25 years.”