The Story of Black Market Kingpin Ross Ulbricht + Sam does an AMA
About This Episode
Sam Parr and producer Ben Wilson conduct an AMA session covering Sam's $20 million net worth goal and his plans for vlogging in 2022. The conversation then transitions into a detailed breakdown of the Silk Road saga, focusing on the rise of Ross Ulbricht and the legal controversies surrounding his investigation and life sentence.
Episode Description
Show Notes
- 00:20- Start of AMA: What are you excited about in 2022?
- 09:05- What are you most proud of about MFM?
- 09:45- Ben's first time being recognized in public.
- 13:00- Celebs or high-profile people Sam gets nervous around
- 15:30- Start of Ross Ulbricht story
- 30:10- How Ross got caught
- 36:55- Story of Sam meeting Ross
Key Takeaways
Apply the 3% Rule for financial independence: To ensure your wealth never runs out, calculate a target liquid net worth where your annual expenses represent only 3% of the total, allowing the principal to grow over time.
Target the 'underhyped' inefficiencies in the recycling industry: Most current municipal recycling is performative and energy-inefficient, creating a massive opportunity for businesses that can actually process and reuse materials effectively.
Document your career journey through video: Starting a vlog or video diary provides a valuable long-term record that allows you to analyze your behavior and track your personal evolution over several decades.