How to Make $1,000,000 After You Graduate (5 steps)
About This Episode
Shaan Puri presents a roadmap for achieving financial independence in your 20s, drawing from a talk he gave at UC Berkeley. He outlines five key checkpoints for entrepreneurs, including calculating a 'freedom number,' overcoming the 'salary monster,' and building a core skill stack of building, selling, and manufacturing luck.
Episode Description
Show Notes
Links
Check Out Shaan's Stuff
- Shaan's weekly email
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- 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
Key Takeaways
Calculate your 'Freedom Number'—the minimum salary required for maximum time freedom—and live 'strategically broke' to focus entirely on business growth.
Commit to the 'Game of Ten,' recognizing that while individual startups often fail, founders who attempt ten different ventures over a decade have a high statistical probability of success.
Develop a 'Master Skill Stack' by picking one way to build (code, design, or content) and one way to sell (ads, copywriting, or sales) to ensure you can execute on any business opportunity.
Business Ideas Mentioned
Local Niche Marketing Agency
Agency
Real Estate Developer Apprenticeship
Real Estate
Boring Business Acquisition
Acquisitions