Jul 4, 2023 · 23m · my-first-million
10 Years of Money Wisdom in Under 28 Minutes
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Shaan Puri shares key insights from a decade of wealth-building notes, outlining three high-leverage strategic shifts that transform financial trajectory through asymmetric opportunities, proximity to success, and intense operational execution.
Statements from this episode (8)
Puri: If wealth were redistributed, it would return to the rich
“The rich aren't just lucky. So pretend we took all the money that existed and we redistributed it out. Everybody got the same, you know, let's say a 100,000 dollars to start with. 10 years later, I think that most of the rich people would be rich again because…”
Puri: Drastically Different Outcomes Require Only Minor Shifts in Approach
“Most things in life, even if you're far off in your outcome, you're actually just only a small shift in your approach away. Because that's what changes your trajectory.”
Puri: Choosing what to work on matters more than hard work
“What you work on, the thing you actually choose to do, And who you work with will make a far bigger impact in your trajectory than just hard work. In fact, there is hard work does help, but it's maybe the fifth or sixth most important factor.”
How to get a mentor: ask advice, take action, follow up
“You want to find somebody who's already done it. You want to ask them on a specific question... Then whatever they say, you go take massive action on it. And then you follow up, you say, Hey, you told me that thing. Here's how, here's what happened. You know, …”
Puri: You only have to be right once to get rich
“The beauty of it is you only got to get rich one way. You don't have to get everything right. You just got to get one thing right to be rich.”
Puri: Spend your first career decade working with elite talent
“The first 10 years of your career, you probably don't even know what a fat pitch looks like, even if it was to hit you in the face. So my advice for most people is the first 10 years, just go work with the smartest, highest energy, most resourceful people you …”
Puri: 'Intensity is the strategy' matters more than secret business formulas
“The way I say it is, intensity is the strategy. Most people want the magic strategy, the magic formula. But unfortunately, the hard thing to understand is actually intensity is the strategy. Most of the time, the strategy is pretty obvious. It's pretty cut and…”
How Taylor Offer moved into Logan Paul's building to secure partnership
“So he hunts down, he finds a building, moves across the country, moves into the building, and he knows that they like to work out. So he starts just working out twice a day. He's like, this increases my odds of crossing paths with them. And they do cross paths…”