Parr: Personal wealth strategy is shifting tech profits into real estate
Sam Parr · Behind The Scenes Of The Billionaires' Mastermind (TIGER 21) | Michael Sonnenfeldt Interview · Jun 1, 2022 · at 38:36
Podcast host and entrepreneur Sam Parr shares his personal capital allocation framework between tech ventures and physical real estate.
0:00 / 0:32exact quote · 32.4s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“And the kind of the strategy that my wife and I had was let's just try to get somewhat wealthy with tech stuff and have that continue to make cashflow and, you know, selling companies and pile a lot of it into real estate because that's something, because like with my business, we had to send an email every day, but if Gmail changed, like it could go out of business, a building that I own, I could lose a fair amount of money on it, but like there's, it's still a thing that someone will purchase, even if it's at a huge loss, but it's not going to go to zero.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Sam Parr
Parr: Gen Z is the first generation since 1800 with declining IQ
“Starting in 2010, They noticed a decline, and this isn't just in America. It's in Norway. They noticed there's a bunch of different countries. I think 80 different countries have actually studied the same thing. This isn't just an American thing. But starting …”
Parr: Airbnb co-founder Joe Gebbia insisted to me that aliens are real
“Joe, look, You're worth, like, ten billion dollars. Like, if there's Illuminati, like, you are either in it, or you're friends with the people in it. Tell me one thing that, like, you guys talk about, and he looked at me, he goes, aliens are real.”
Parr: Traba explicitly promotes a 996 work culture
“And they basically, I think they explicitly said this on their website. We have a nine, nine, six culture, which means working nine AM to nine PM, six days a week.”
Parr: Sports betting apps assign account managers to encourage losing gamblers
“DraftKings or whatever? They have account managers. So if you become, I read about this one woman who was making like, a 150 grand a year, so whatever that puts her at in terms of class, but not like crazy wealthy, and she's, and she lost all of her money, and…”