#214 with Ramit Sethi - Why You Should Have a Diversified Investment Portfolio
My First Million27 Elo 2021

#214 with Ramit Sethi - Why You Should Have a Diversified Investment Portfolio

In this episode Sam (@theSamParr) and Shaan (@ShaanVP) are joined by Ramit Sethi (@ramit), the founder of I Will Teach You To Be Rich. They start off talking about course businesses and Ramit shares what he's learned running courses for over 15 years. Ramit shares a few ideas for businesses and then the trio talk about different strategies around investing. Shaan shares why his approach is so different from what Ramit recommends, and he breaks down his own asset allocation. At the end Sam & Ramit share their personal money rules. --------- * Follow Ramit on Twitter: https://twitter.com/ramit * Ramit's new podcast: https://iwt.com/podcast * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. --------- Show notes: * (1:06) Ramit's new podcast * (5:02) An update on Shaan's Power Writing course * (7:07) Ramit's course business * (11:30) Who is Jay Abraham * (16:43) Should MFM get a new name? * (20:14) How long can Ramit run his empire * (24:11) Ramit on trolls * (27:31) The history of courses * (34:12) Ideas around pets * (37:35) Ideas around cosmetics * (39:54) How Ramit would differentiate a product * (43:47) Ramit's money hacks * (46:00) How Shaan approaches investing * (47:00) A little anecdote about camera issues * (47:58) Back to Shaan's investment approach * (50:47) What game are you playing and what risk can you tolerate? * (53:26) What Shaan's goals are with investing * (57:11) Ramit's 10 money rules * (59:35) Sam's money rules * (1:02:09) Taking out loans on your assets * (1:05:33) How Ramit thinks of risk versus rewards * (1:17:10) Ramit on Sam's engagement ring story * (1:21:04) It's not all about the metrics

Jaksot(822)

How to live an asymmetric life

How to live an asymmetric life

Get Sam's ChatGPT Executive Coach Playbook - his exact system for everything from revenue optimization to life decisions: https://clickhubspot.com/skm Episode 757 Sam Parr ( ⁠https://x.com/theSamParr⁠ ) shares his formula for how to live a good life.  — Show Notes: (0:00) Step 1: Don’t Have a Best Friend (2:45) Step 2: Don’t Decide (7:01) Step 3: Don’t Set Goals (13:54) Step 4: Keep Pivoting (16:23) Step 5: Don’t Buy the Index — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com  • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — 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 HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

17 Loka 202523min

How two straight guys bought Grindr and made $2B

How two straight guys bought Grindr and made $2B

Want to build a billion-dollar business? Get the playbook: https://clickhubspot.com/hwg Episode 756 Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Rick Marini and Jeff Bonforte, the private equity guys who flipped Grindr for $2B dollars in 24 months.   — Show Notes: (0:00) The story of Grindr (13:34) Private Equity crash course (38:10) Uncle Rick gives advice on what to buy (43:07) Trends to jump on (49:48) Buying lottery tickets (1:03:58) The wisdom of Naval (1:10:48) The emotional adoption curve — Links: • Rick Marini - https://x.com/rmarini  • Jeff Bonforte - https://x.com/bonforte  • Grindr - https://www.grindr.com/  — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com  • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — 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 HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

13 Loka 20251h 22min

5 App Ideas for ChatGPT’s New App Store ft. Greg Isenberg

5 App Ideas for ChatGPT’s New App Store ft. Greg Isenberg

Want in on the AI Gold Rush? Get the free AI Side Hustle Crash Course: https://clickhubspot.com/lkb Episode 755: Sam Parr ( https://x.com/theSamParr ) talks to Greg Isenberg ( https://x.com/gregisenberg ) about OpenAI’s new App Store and brainstorm app ideas to jump on. — Show Notes: (0:00) ChatGPT App Store launch (7:47) IDEA: My AI Tax Guy (10:26) IDEA: AI Healthcare concierge (13:07) IDEA: AI meme studio (13:53) IDEA: AI grandma (14:57) IDEA Credit repair — Links: • Idea Browser - https://www.ideabrowser.com/ • BankStatementConverter - https://bankstatementconverter.com/ — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — 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 HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

10 Loka 202521min

Brainstorming $100M Ideas with the $1B+ King of Brands

Brainstorming $100M Ideas with the $1B+ King of Brands

Want the guide to spot $100M+ Product Ideas? Get it here: https://clickhubspot.com/hre Episode 754: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) brainstorm $100M ideas with Eric Ryan ( https://x.com/ericthomasryan ). — Show Notes: (0:00) My $1B product playbook (3:32) Look for a sea of sameness (9:31) Trend trips (15:27) Remix opposing ideas (22:46) Case Study: Olly (32:14) The State of Make (37:54) IDEA: A better Metamucil (44:34) IDEA: The SoulCycle of diners (55:57) IDEA: White label chicken (1:03:28) Holy Grail of Naming (1:06:23) IDEA: Gourmet Babybels (1:10:28) IDEA: fun shaped cheese (1:14:26) Commit and then figure ou — Links: • Method - https://methodhome.com/ • Olly - https://www.olly.com/ • Welly - https://www.getwelly.com/ — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — 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 HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

8 Loka 20251h 20min

$50M Poker Pro Shares His Best Advice For Founders

$50M Poker Pro Shares His Best Advice For Founders

Want Sam's top 7 books for entrepreneurs? Get it here: https://clickhubspot.com/cpe Episode 753: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to poker pro Daniel Negreanu ( https://x.com/realkidpoker ) about the inner game of risk and performance under pressure. — Show Notes: (0:00) Intro (6:28) The Scotty Nguyen story (8:07) Reading People (22:30) Daniel's first poker game (27:21) Be, Do, Have (39:10) Phil Ivey (44:46) Common leaks (49:12) the hypnagogic state (52:35) Emotional intelligence (59:46) Kidlan's Law (1:03:20) Handling the downswings — Links: • Daniel on YouTube - https://www.youtube.com/channel/UC0w4AA42ItXQEb9aZld87-w • Daniel Negreanu - https://danielnegreanu.com/ — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — 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 HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

6 Loka 20251h 17min

The App That’ll Be Bigger Than TikTok

The App That’ll Be Bigger Than TikTok

Capitalize on the AI wave – grab the free AI Side Hustle Crash Course: https://clickhubspot.com/qrb Episode 752: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about 3 apps that are crushing it. — Show Notes: (0:00) We try out Sora (16:51) Trend: micro sports betting (24:02) Idea: Remote AA for Gamblers (33:21) Sam’s secret YouTube (39:10) Idea: RescueTime 2.0 — Links: • Sora - https://openai.com/sora/ • Meta Glasses - https://www.meta.com/ai-glasses/shop-all • Birches Health - https://bircheshealth.com/ • Sunflower Sober - https://sunflowersober.com — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — 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 HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

3 Loka 202547min

The Hospitality Principles That Build Billion-Dollar Startups

The Hospitality Principles That Build Billion-Dollar Startups

Want to start your own million dollar business with less than $1k? Get the guide: https://clickhubspot.com/bgk Episode 751: Sam Parr ( https://x.com/theSamParr ) talks to Will Guidara ( https://x.com/wguidara ) about how startups can use principles of 5-star restaurants to beat their competitors. — Show Notes: (0:00) Intro (7:42) Delivering praise and criticism (12:26) Unreasonable customer experience (17:39) One Size Fits All (25:14) One Size Fits Most (28:54) One Size Fits One (33:53) How to implement (40:24) Who to study (47:51) The business of restaurants (53:58) Dealing with critics — Links: • Unreasonable Hospitality - https://www.unreasonablehospitality.com/ — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — 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 HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

30 Syys 20251h 2min

He turned a broke team into a billion dollars

He turned a broke team into a billion dollars

Want to start your own business with less than $1k? Get the playbook here: https://clickhubspot.com/fhe Episode 750: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about the wild rise of Savannah Bananas. — Show Notes: (0:00) The wild story of Savannah Bananas (20:59) How to be insanely great — Links: • The Savannah Bananas - https://thesavannahbananas.com/ • Jesse Cole on Acquired - https://www.acquired.fm/episodes/building-the-savannah-bananas • Monster Jam - https://www.monsterjam.com/ — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — 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 HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

26 Syys 202549min

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