How I Live On $25,000/Month In New York City
About This Episode
Sam Parr hosts a solo Q&A session while Shaan Puri is away, sharing personal insights on preparing for fatherhood and managing wealth. He discusses his monthly burn rate, his specific networking strategies in San Francisco, and the 'Ikigai' philosophy he uses to evaluate new business opportunities.
Episode Description
Show Notes
- 0:00Intro
- 0:42What is top of mind as you become a dad?
- 3:30What's the biggest difference in your lifestyle now that you're effing rich?
- 8:00What were your alternative business ideas if you didn’t do Hampton?
- 11:30What was the most painful thing someone told you and how did that change you?
- 15:00What’s one trendy business model you think is over-hyped?
- 17:00What did you do when you arrived [at SF] to start laying the foundation to meet interesting people and business builders?
Links
- “Lottery winners and accident victims: is happiness relative?”
- CB Insights
- PitchBook
- The Anti-MBA
- Monkey Inferno
- Ikagai
- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.
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Key Takeaways
Build a high-quality network in any new city by hosting your own events, such as a book club or an 'Anti-MBA' group, to attract ambitious peers and industry experts.
Improve your copywriting and persuasion skills by engaging in 'copywork,' the practice of manually transcribing successful advertisements to internalize their structure and psychological triggers.
Evaluate every potential business venture using the 'Ikigai' framework to ensure the idea sits at the intersection of your skills, your passions, market demand, and profitability.