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#525July 20, 202357:18

Sam’s +$10 Million Financial Portfolio, Money Psychology, and Th…

About This Episode

Sam Parr provides a transparent look into his $10M+ conservative investment portfolio, detailing his heavy allocation to VTI, short-term treasuries, and real estate. The hosts discuss the psychology of wealth preservation versus creation, the 'Second Derivative' rule for spending, and Shaan's 'Decision Register' framework for auditing and improving business judgment.

Episode Description

Episode 476: Sam Parr (https://twitter.com/theSamParr) and Shaan Puri (https://twitter.com/ShaanVP) dive into Sam’s +$10m Financial Portfolio, Shaan shares his philosophy around money and they both explore the psychological barrier of spending money once you finally have it. Want to see more MFM? Subscribe to the MFM YouTube channel here. Check Out Sam's Stuff: • Hampton • Ideation Bootcamp • Copy That Check Out Shaan's Stuff: • Try Shepherd • Shaan's Personal Assistant System • Power Writing Course • Daily Newsletter -----

Show Notes

  • 0:00Intro
  • 3:00Sam's Portfolio Review - Pt. 1
  • 13:00Shaan’s Bad Investment Decisions
  • 22:20The F*cked Up Psychology of Spending Money
  • 31:40Wisdom > Smarts
  • 35:00Sam's Portfolio Review - Pt. 2
  • 40:30Why Shaan Tracks His Portfolio Manually
  • 42:30Shaan's Money Mindset
  • -----

Links

  • Tiller:
  • Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.
  • -----
  • 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.
  • ----
  • Additional episodes you might enjoy:
  • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits
  • #209 Gary Vaynerchuk - Why NFTS Are the Future
  • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto
  • #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
  • ​​​​#218 - Why You Should Take a Think Week Like Bill Gates
  • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More
  • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

Check Out Sam's Stuff

  • Hampton
  • Ideation Bootcamp
  • Copy That

Check Out Shaan's Stuff

  • Try Shepherd
  • Shaan's Personal Assistant System
  • Power Writing Course
  • Daily Newsletter
  • ----

Key Takeaways

1

Maintain a 'Decision Register' to document major choices, noting your emotional state, the decisive reason for the choice, and predicted outcomes to objectively improve your long-term judgment.

2

Follow the 'Second Derivative' rule for financial freedom: invest your primary business profits into assets, and only spend the income generated by those assets rather than the principal.

3

When building media companies, focus on high-value audience segments with intent (like investors) rather than broad curiosity trends (like AI demos) to ensure long-term advertiser interest and business durability.

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Quick Stats

Duration57:18
Guests0
Ideas Discussed0
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