AI transcript
0:00:04 All right, Sam, I was going through the mailbag, people email us questions.
0:00:07 And there was one that I had to had to bring up.
0:00:08 We got to start with this.
0:00:10 So here’s the, here’s the email.
0:00:22 Dear Sam, last month I sold my e-com biz and recently a startup
0:00:24 that I invested in went public.
0:00:25 I’m in my thirties.
0:00:27 I own very little house, cars, nothing.
0:00:32 I have 53 million in cash sitting in my bank account, but I’m not sure what to do.
0:00:36 If I do something that needs to be big, I’m torn between a few options.
0:00:39 Just put it in the SB 500 and move on, get into real estate,
0:00:41 trying private equity, chasing a billion dollar idea.
0:00:43 I’ve hit three major wins in a row.
0:00:47 I exited my company, I invested a winning startup, and I got really lucky on a real estate deal.
0:00:51 But I’m not entirely confident I can rebuild it from scratch if I lose it all.
0:00:53 My life goals are pretty simple.
0:00:56 Have five kids, a wife and become a billionaire.
0:00:58 I’m currently with someone I’m planning to marry.
0:00:59 What do you got for me?
0:01:02 Okay, so let’s start.
0:01:02 Let’s answer this question.
0:01:05 And then there’s some good other mailbag questions that we have here.
0:01:06 All right.
0:01:07 So let me tell you what I told the guy.
0:01:11 I basically said, if you make 50 million dollars at the age of 35,
0:01:15 that basically becomes a billion eventually.
0:01:16 But that’s kind of irrelevant.
0:01:20 But like, I think that’s a dumb goal to become a billionaire or want to become a billionaire.
0:01:23 I think you should do what you love after you have that much money.
0:01:25 But if you want to become a billionaire, you will.
0:01:30 But what I told him was basically, I think he should put most of it actually
0:01:34 into a high yield savings account or just like some type of like short term
0:01:39 treasury note or something like that and just sit for six to 12 months and do
0:01:44 nothing except read and have conversations with interesting people.
0:01:47 And that actually six to 12 months, that may take 36 months.
0:01:49 That might actually take five or 10 years.
0:01:54 But whatever you want to do, my opinion is you should plot and read and talk
0:01:57 and only do something if you’re obsessed with it.
0:02:01 And oftentimes when you make a lot of money, you get bored.
0:02:04 And because of that, you start kind of it’s like, it’s like falling in love
0:02:06 with someone when you’re like really horny.
0:02:08 It’s like, dude, you don’t actually love that person.
0:02:08 You know what I mean?
0:02:11 Like don’t don’t actually do it.
0:02:14 And so I think but you have to be really intentional about what’s next
0:02:17 project that you do and you don’t give yourself a timeline, but you sit and you
0:02:18 read and you wait for it to happen.
0:02:22 So with the money, I would do some type of high yield savings account for
0:02:26 like six months, and then eventually I would do 80, 20 S&P bonds.
0:02:28 I would try to live off 3% of that money.
0:02:31 And then I would just plot and wait until that one thing I find.
0:02:34 And then I would take a percentage of the money, like for example, let’s say
0:02:37 that you’re comfortable living off of $1.5 million a year.
0:02:40 You take how much you need in the S&P to live off that.
0:02:44 And the rest you are willing to allocate towards your big dream and new adventure.
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0:03:26 All right, I like the advice.
0:03:27 Here’s an analogy.
0:03:28 Here’s what I would tell this person.
0:03:29 Do we have a name for this person?
0:03:30 They don’t want their name out there.
0:03:32 Let’s call it Derek.
0:03:33 Okay, Derek.
0:03:36 All right, Chuck, here’s the deal.
0:03:38 Here’s an analogy for you.
0:03:43 You’ve got a beautiful big screen TV, beautiful 96 inches.
0:03:47 It’s an enormous, beautiful plasma retina, whatever the display is.
0:03:52 But it seems to me like behind the TV, you have what a lot of us have.
0:03:54 You got the cables all tangled up.
0:03:57 And the reason I say this is because you asked one question.
0:03:59 That’s actually five questions, probably one.
0:04:01 So let’s separate out.
0:04:04 Let’s start to pull the tangles on these cables that are stuck behind the TV.
0:04:07 So one, one cable is, what do I do with this cash?
0:04:09 Meaning I’ve got cash saving accounts.
0:04:11 Should I just leave it there or do I do something with this money?
0:04:13 There’s another one, which is what do I do with my time?
0:04:15 And those are two separate questions.
0:04:18 Because when you get rich, the point of getting rich in a way is to
0:04:21 separate the questions of what do I do with my money?
0:04:22 What do I do for money?
0:04:23 And what do I do with my time?
0:04:24 Those are now separate questions for you.
0:04:27 But before, when you have no money, they’re the same.
0:04:30 You work, you put your time in, that’s how you get the money out.
0:04:34 Then you have a third question, which is, what are my actual goals?
0:04:38 So he said, my goals are to have five kids, have a wife and have a billion dollars.
0:04:43 And have, have, have, I don’t know, very many happy people who got happy
0:04:48 because they, they acquired things that they have things they have caused.
0:04:49 The kid thing might be different.
0:04:52 I think you could acquire a kid to be happy, actually.
0:04:54 I don’t think so.
0:04:59 I think life is a lot more about figuring out what you love to do, where
0:05:02 you feel most useful and, and who you want to become.
0:05:05 And more importantly than, than the things that you end up doing.
0:05:09 So I think I would, I would ask a question, which is, what are my actual goals?
0:05:14 And never use the word actual as a loaded word, because usually we have
0:05:19 these goals that we just borrowed from others, either from our parents, from society,
0:05:23 from the movies, from newspapers, these goals that, that are theirs.
0:05:24 And we make them ours.
0:05:28 It’s a goal you had 10 years ago, but you’re not the same person you were 10 years ago.
0:05:31 When I did this episode of Mike Poser, he’s like, dude, I was in my 20s.
0:05:35 All I wanted to do was get rich, get famous, be successful, be respected.
0:05:39 He’s like, and then I was in my 30s, I was doing things that would give me those things.
0:05:40 But that’s not what I wanted anymore.
0:05:45 I was living the dreams of 21 year old me rather than, than 31 year old
0:05:47 me, who actually had new dreams.
0:05:48 And I needed to update that.
0:05:52 I needed to update the sort of motivational thing on the, on the poster.
0:05:54 There’s another great question, which is in my, he says something like,
0:05:57 if I’m doing something, it’s got to be huge.
0:06:00 And anytime I hear that, there’s usually like a chip on your shoulder.
0:06:01 You probably want to work on.
0:06:05 A great question here is, are you being, are you driven or are you being dragged?
0:06:07 So it’s like, what’s the reason?
0:06:08 Why do I feel the need to do that?
0:06:10 Is it to prove something to other people?
0:06:15 I talked to a guy who had dinner with a guy who’s created a $50 billion plus company.
0:06:16 He’s doing a new one.
0:06:18 And I was like, why are you doing another company like stressful?
0:06:20 Hard, you just had kids.
0:06:21 Why are you doing this?
0:06:23 He goes, I just want to prove, you know, I need to prove that like,
0:06:25 it wasn’t just a fluke the first time.
0:06:25 Really?
0:06:29 And in my head, I’m laughing because I’m like, proof to who, you know, nobody
0:06:30 doubts that you could do this.
0:06:33 Like we all actually respect and admire you.
0:06:34 We think you’re amazing.
0:06:35 Who, who are you proving this to?
0:06:36 Is it proven to yourself?
0:06:36 Why do you doubt it?
0:06:37 You did it.
0:06:42 Then doing it to prove something wrong or prove something right is sort of a silly
0:06:43 way, a silly reason to do something.
0:06:47 So anyways, my, my final advice would be, I would do nothing financially.
0:06:50 You know, like you said, just put in a savings account for a year.
0:06:54 I would get a coach to help untangle some of these mental wires that are tangled up.
0:06:58 I would get in shape because when you’re in shape, all things start to look a little
0:07:03 different and I would spend a year with people that you really love helping people
0:07:04 and hanging out with them.
0:07:06 So I would find people who need help and go help them.
0:07:08 I’d find people who are free and go hang out with them.
0:07:11 And I would start to hang out with people who maybe have gone through this season of
0:07:13 life and I think of it like a season.
0:07:16 I’d be like, oh, I had this season of achievement and I got a season of
0:07:18 wandering, but I got to figure out what I’m doing next.
0:07:19 Call it that.
0:07:22 So you don’t feel uncomfortable when you’re like, oh man, I’m so unproductive now.
0:07:26 Call the season what it is and go hang out with people and make no decisions until,
0:07:27 you know, the clarity will show up.
0:07:30 The worst thing this person can do.
0:07:36 Well, one of the bad things this person could do is go and buy a bunch of stuff.
0:07:42 Or get himself into situations that can’t easily be untied.
0:07:48 So for example, I mostly filed my own advice when I kind of had an acquisition.
0:07:52 I did one dumb thing, which is I bought some real estate that I was like going to turn
0:07:56 into a business and I did it like right away.
0:08:01 And a few months into it, I’m like, I don’t know what the hell I’m doing and I don’t like this.
0:08:05 And it took, it took like a year to like unwind all of that.
0:08:08 It consumed my brain and it really messed with me.
0:08:10 And so I work around doing that.
0:08:12 And I think a lot of people make the same mistakes.
0:08:15 It’s a very common mistake is to go and like acquire a whole bunch of stuff,
0:08:18 which weighs you down and it ruins the whole seeking process.
0:08:23 The only alternative version of that is when you go and you do something for your parents.
0:08:25 So like there’s a great clip.
0:08:29 We should play this clip of, you know, Stephen A. Smith is the ESPN anchor.
0:08:34 He talks about when he first got money and he drives to his mom’s, where his mom worked.
0:08:39 And he’s like, I went into, went into her office and I said, mom, get up, get your bag.
0:08:40 We’re leaving.
0:08:43 And then I told her boss, she ain’t ever coming back.
0:08:46 And he talks about how he retired his mom on the spot.
0:08:48 And I was like, that’s a cool thing to do.
0:08:50 Pay off your parents mortgage or debt or something like that.
0:08:52 If you’re going to do anything, do that.
0:08:55 It says, you know, sort of a philanthropy in your own economy.
0:08:57 First, that’s that’s what I did.
0:09:01 By the way, we, we, I flew my parents first class to Europe and it was awesome.
0:09:04 It was awesome.
0:09:05 And I have this video of them.
0:09:10 My father stood up and like, you know how old people hold their phone with two hands?
0:09:16 And he like is holding his phone, like doing a circle of like, and I, and I, like taking
0:09:17 a picture of like his seat.
0:09:20 And I have a video of him doing that and that brought me so much.
0:09:22 I feel happy that I got that video.
0:09:23 That made me happy.
0:09:25 Now the way I got a little hack on that.
0:09:29 When, when we sold the milk road, my mom was on a vacation with her, all of her siblings.
0:09:31 She has like eight, eight or nine siblings.
0:09:37 And so I got them all like, um, like, I was like, Hey, uh, have the hotel call and be like,
0:09:40 you’re, uh, you’re, you know, your massage is ready and call all of the rooms at once.
0:09:43 And then they all went down and basically I’ve got them all kind of like a day pass at the
0:09:44 spa in Vegas.
0:09:48 And it wasn’t even that expensive, probably a couple thousand dollars.
0:09:53 But for my mom, it was like having a mortgage paid off in that she felt like, oh, my son
0:09:56 treated me to something, but also I got to brag.
0:09:57 Yeah, I got to brag.
0:09:58 My kid is so good.
0:10:00 She felt the good that it was good for everybody.
0:10:03 It wasn’t just good for her and that, you know, doing something nice for her siblings
0:10:05 made her feel so amazing.
0:10:05 Yeah.
0:10:10 And she could brag that her kid has this shit together and maybe the other ones don’t.
0:10:14 Someone asked us this question and I’m, it’s related to a topic that we’re talking to.
0:10:17 What’s the number one thing that you’ve read or seen recently?
0:10:21 That’s why would you, I read this book called the replay.
0:10:21 It’s a novel.
0:10:22 Do you ever read novels?
0:10:23 Yeah.
0:10:27 I’m like big into novels that I thought like, I thought like,
0:10:29 growing up, I would like to flex question.
0:10:31 Do you read novels?
0:10:33 I didn’t read any of them novels.
0:10:38 Like I was scarred by like grade school or middle school of like having to read novels
0:10:39 I don’t like.
0:10:42 And then I got into the business world and like, oh, we only read like Peter teal books.
0:10:43 We don’t read thick.
0:10:45 We don’t read this nonsense.
0:10:46 And then now I’ve fallen in love with them.
0:10:47 So I love novels.
0:10:50 I read this great book called replay by Ken Grimwood.
0:10:56 It’s about this man who basically dies at the age of 35 and he consistently relives his life
0:10:57 over and over and over again.
0:11:01 And it’s like all like he does everything that you would do if you could replay your life,
0:11:02 which is like, what would you do?
0:11:04 You would like get rich by buying stocks.
0:11:07 You’d probably like get try to get a ton of girls, whatever.
0:11:11 But he is able to talk to his parents again when they were alive.
0:11:15 And I read that book recently right when I got to that part where he talks to his parents
0:11:16 who had died.
0:11:17 Now he’s reliving his life again.
0:11:18 He’s able to see his parents.
0:11:21 It made me very emotional.
0:11:25 And I called my parents and I go, hey, November, like fourth, what are you doing?
0:11:26 Cool, clear schedule.
0:11:29 And so we’re taking a big like lavish trip together.
0:11:30 And so that’s awesome.
0:11:35 This book made a really big impact on me because it gave me this idea of like,
0:11:39 in 30 or 40 years, however long it’s going to be, when my parents are no longer alive,
0:11:44 or whatever the situation is of like, you cannot do in 20 years what you can do today.
0:11:48 Well, I have regretted, you know, not taking advantage of that period.
0:11:50 And so I’m trying to, I hadn’t made a list.
0:11:52 I’m like, here’s all the things that 20 years I’m going to regret.
0:11:55 I’m going to go and just get it done now.
0:11:57 And so that book had a big impact on me.
0:11:57 Oh, that’s great.
0:11:59 I’ll give you a couple.
0:12:05 Chris Williamson put a little screenshot essay up that I really liked.
0:12:07 And he called it, I’ve got to be exactly what he called it.
0:12:11 But he goes, type A people have type B problems.
0:12:13 And type B people have type A problems.
0:12:15 So what is he describing?
0:12:21 So type A is like the achiever, the obsessor, the kind of like high functioning ADHD
0:12:25 or high functioning, high anxiety person, which is a lot of people who we know a lot,
0:12:27 probably a lot of people who listen to this podcast.
0:12:28 It serves you really well.
0:12:33 You get great grades or you’ll be successful in your career because you’re so like,
0:12:34 type A about it.
0:12:39 But you suck at just relaxing, chilling, enjoying, slowing down, being grateful,
0:12:43 being in the moment and not thinking constantly about planning for the future
0:12:46 or assessing the past and just being there.
0:12:49 And he goes, then there you have the type B person who we all characterize as like,
0:12:53 the guy who’s just, they’re just walking around, wandering through life, sniffing flowers.
0:12:55 Like, dude, you’re not getting ahead.
0:12:55 Where’s your savings account?
0:12:57 What’s your plan?
0:12:58 How are you going to get ahead?
0:13:00 You don’t have all your ducks in a row.
0:13:01 What you’re missing out.
0:13:08 And, you know, society basically, we reward the type A’s who, even if you’re high type A
0:13:13 and you suck at type B, it’s like, okay, it feels like you can always catch up,
0:13:15 even though in reality, you can’t.
0:13:19 And the type B person, we sort of look down, they almost seem lazy in a way.
0:13:21 It’s like, why aren’t you getting your act together?
0:13:25 You know, okay, you’re prioritizing your happiness too much almost.
0:13:27 You should be productive right now.
0:13:34 And I thought it was so true that people fall into these buckets as a cliche, as an oversimplification.
0:13:41 And it really highlighted to me how undervalued type B people are.
0:13:44 And I have a few type B people in my life where if you look at their resume
0:13:49 or you look at their series of accomplishments or how they spend their day,
0:13:51 and it just feels like, wow, you’re behind.
0:13:53 And then when you hang out with them, you’re like, wow, you’re ahead.
0:13:55 You’re the one who’s got this thing figured out.
0:14:01 And I think that one of the big mispriced assets is, do you know how to chill?
0:14:02 Dude, that’s such a type A thing.
0:14:04 Like, do you know how to chill and fuck out?
0:14:09 Did you just call it calmness, a mispriced asset?
0:14:10 Sure did.
0:14:14 You need to listen to your own advice, brother.
0:14:16 Good call.
0:14:20 I call cold-plush people and hot-tub people.
0:14:22 Cold-plush is like, you’re trying to optimize everything.
0:14:26 You’re trying to shock your nervous system and get your adrenaline pumping in the morning.
0:14:30 And hot-tub people are trying to hang out, have a beer, and kick it with friends.
0:14:33 And they’re happier than the cold-plush people.
0:14:38 And I think one of the things to really do is to take pride in being able to do both well.
0:14:45 Instead of trying to be a higher, higher achiever, working on being able to shift gears
0:14:48 and be able to have both gears and be able to do both well.
0:14:49 When did you see this post?
0:14:52 Because a lot of times people ask us these questions.
0:14:53 It’s just the most recent thing.
0:14:54 It’s always the most recent thing.
0:14:55 Yeah, this was last night.
0:14:56 Oh, wait, really?
0:14:59 That’s the question.
0:15:03 I said, one thing you’ve read recently that wowed you recently last night.
0:15:09 Which is, because I try, you do something interesting.
0:15:12 So whenever you go to some conference or anything, you’re always like,
0:15:15 I took these notes on lessons I learned.
0:15:17 And I suck at that.
0:15:23 And so I was curious if this is something that you saved from a year ago and you’re still contemplating.
0:15:26 Dude, I have a Slack channel called Golden Nuggets that is like,
0:15:29 it’s a conversation with me, myself, and Irene.
0:15:31 Dude, it is the longest conversation.
0:15:34 It is all just little tiny nuggets that I pick up from people.
0:15:37 When Gary Tan was on the podcast, for example, I go here and I write.
0:15:37 He had this great line.
0:15:42 He goes, at some point you realize it’s all made up, but you get to make it up.
0:15:47 I was like, man, this is such a powerful, simple way of explaining a lot of life.
0:15:48 It’s all made up.
0:15:49 These are all stories we tell ourselves.
0:15:50 The rules are made up.
0:15:52 But you get to make it up.
0:15:55 You get to make up the story you tell yourself about yourself,
0:15:57 about the world, about how your life’s going to go.
0:16:02 I think Gary Tan was a top 10, maybe top five person we’ve ever talked to.
0:16:07 Yeah, well, that’s a good question because one of these in here, let me find it.
0:16:07 Here we go.
0:16:10 Jason from Detroit wants to know a similar thing.
0:16:13 He says, fellas, I was looking at the numbers recently.
0:16:16 You’ve hit 600 plus episodes, 100 plus guests.
0:16:20 I have to ask you, who is on the Mount Rushmore for MFM?
0:16:21 The number one thing you learned from them.
0:16:23 And PS, I don’t want to hear.
0:16:24 I love them all.
0:16:25 I can’t pick favorites.
0:16:27 I need you to Dion Sanders it.
0:16:29 PS, PPS.
0:16:31 Did you know that Dion Sanders publicly ranks his kids?
0:16:32 Check it out.
0:16:36 And he linked us to an article where Dion Sanders is ranking his kids.
0:16:38 Shiloh has moved up.
0:16:41 Dude, Dion Sanders Jr. is number one.
0:16:43 Yeah, as you should be.
0:16:45 That’s insane.
0:16:47 Four Dion Sanders, number five.
0:16:49 What?
0:16:52 Shador Sanders, who’s the quarterback of his team.
0:16:55 Number four out of five.
0:16:56 Not doing so hot.
0:16:57 What a weirdo.
0:17:01 Okay, well, I guarantee hands up there, but that’s like a recent one.
0:17:02 So I try actually to stay away.
0:17:03 I’ll go.
0:17:04 Let me tell you mine really quick.
0:17:05 Dude, they’re all brown dudes.
0:17:09 I just realized Darmash, Manish, and Syed.
0:17:13 I guess Syed’s not Indian, but two out of the three are Indian,
0:17:14 which is pretty funny.
0:17:16 Darmash is amazing to me.
0:17:18 Darmash proves that you can be aggressive
0:17:20 while still being calm and nice.
0:17:23 Darmash is like shockingly aggressive towards life.
0:17:24 Do you know that about him?
0:17:26 Darmash, he’s the co-founder of HubSpot.
0:17:29 Cut to the ad.
0:17:34 Hey, let’s take a quick break to talk about another podcast
0:17:35 that you should check out.
0:17:36 It is called The Next Wave.
0:17:38 It’s hosted by Matt Wolf and Nathan Lanz
0:17:40 as part of the HubSpot podcast network,
0:17:42 which of course is your audio destination
0:17:43 for business professionals like you.
0:17:45 You can catch The Next Wave with Matt Wolf,
0:17:47 and he’s talking about where the puck is going
0:17:49 with AI creators, AI technology,
0:17:51 and how you can apply it to your growing business.
0:17:52 So check it out.
0:17:55 Listen to The Next Wave wherever you get your podcasts.
0:17:59 All right, we’re back.
0:18:03 Darmash is a billionaire, maybe a multi-billionaire.
0:18:03 I don’t know.
0:18:06 He started HubSpot, which is like a $30 billion company,
0:18:07 and he’s been on two to three times.
0:18:10 I think he’s coming on next week or in a few weeks.
0:18:11 He’s super aggressive about life,
0:18:14 but he comes off like a really nice guy
0:18:16 and calm and easygoing.
0:18:19 And like, he is calm and easygoing,
0:18:21 but he’s very aggressive about life, and I love that.
0:18:23 What do you mean aggressive about life?
0:18:25 That’s a phrase.
0:18:26 Tell me what that means.
0:18:29 So if you ask him about his background,
0:18:32 he grew up poor in India, and he was like,
0:18:34 “I wanted to be the best because I wanted to prove
0:18:36 that I was capable of achieving,
0:18:38 and I also didn’t want to have nothing,”
0:18:39 which is what I originally had.
0:18:42 So he’s like, “I wanted to be great at ping-pong,
0:18:43 and so I studied ping-pong,
0:18:45 and I was the best at the school I went to.”
0:18:48 Or he was like, “Someone told me that when I moved
0:18:51 to America that apparently what these people do
0:18:52 is they go play golf in order to meet clients
0:18:54 and take care of clients.”
0:18:56 And he’s like, “I’m a 23-year-old guy
0:18:57 who moved here from India.
0:18:58 I don’t even know what golf is.”
0:18:59 But then someone else said,
0:19:00 “Well, if you can’t do that,
0:19:02 just buy everyone’s dinner as much as possible.”
0:19:06 And so he has paid for 100% of the dinners
0:19:08 that he’s ever gone out to for everyone.
0:19:10 Did I tell you that story?
0:19:10 No.
0:19:11 Dude, I go out.
0:19:13 It’s a good dinner. He paid, sure enough.
0:19:14 I went out to dinner with him,
0:19:18 and it was me, Nick Ray, Neville, and Darmesh.
0:19:20 Darmesh walks to the bathroom at the end.
0:19:21 Nick Ray goes, “Watch this.”
0:19:23 He runs, and he pays for it.
0:19:25 Darmesh sits down, and Nick goes, “My treat.”
0:19:26 Darmesh stands up.
0:19:27 He goes, “This is unacceptable.
0:19:29 I’m sorry. I can’t — hold on.
0:19:30 I’ll tell you in a minute.”
0:19:32 And he runs to the back of the kitchen.
0:19:35 He makes him refund Nick Ray’s credit card,
0:19:36 and he gives his credit card.
0:19:38 And he comes back, he goes, “Let me tell you a story.
0:19:40 You know, when I came here from India,
0:19:41 I didn’t know how to play golf.
0:19:42 Someone told me to buy dinners.”
0:19:44 So I committed at that age of 22
0:19:47 to 100% of the time, paid for everyone’s dinner.
0:19:49 And I have done this — maybe he’s 55 now.
0:19:51 He goes, “I’ve done it for 25 plus years.
0:19:53 And so by you paying for dinner,
0:19:56 I will not allow you to break that thing.”
0:19:57 And I go, “Have you really done it?”
0:19:59 He goes, “Dude, I’ve done it so much.
0:20:01 That one time, we went out to —
0:20:04 I went out to eat with just like me and Brian of HubSpot.
0:20:05 And like, apparently, there was a company there
0:20:09 at a company outing who saw us and bought our dinner
0:20:11 as like a thank you because we use HubSpot, whatever.”
0:20:13 And so Darmesh was like, “I didn’t have a lot —
0:20:15 that much money, but we were kind of new.”
0:20:16 But we paid their 15 —
0:20:17 He’s like, “We sued them the next morning.”
0:20:21 He goes, “Dude,” he goes, “We paid their $15,000 dinner bill
0:20:24 because I refused to have that streak broken.”
0:20:27 And so Darmesh is very aggressive about life.
0:20:29 He started — he wanted to teach his kid how to program.
0:20:31 So they made an online video game that, you know,
0:20:33 makes a million dollars a year or something crazy.
0:20:35 Like, it’s like hugely popular.
0:20:36 He’s very aggressive about life.
0:20:38 But if you go and hang out with him, he’s gentle.
0:20:38 He’s soft.
0:20:40 He’ll let you do all the talking.
0:20:43 And so I would say Darmesh is one of my biggest inspirations.
0:20:44 What about yours?
0:20:45 Classic, gentle, giant.
0:20:47 Hard to pick.
0:20:48 My — it’s funny, though.
0:20:51 My Mount Rushmore of Yes has really nothing to do with their episode.
0:20:54 And it’s just what impression they left on me
0:20:56 or what I took away from them
0:20:59 that may not have even been a remarkable episode.
0:21:00 Maybe they didn’t tell the best stories
0:21:04 or have the best ideas right off the bat.
0:21:06 So here’s a couple of mine.
0:21:09 Mine might all fall into the bucket of people
0:21:10 who are playing their own game.
0:21:14 So I really, really admire probably more than anything else,
0:21:16 somebody who takes the time to define
0:21:20 how they want to play the game of life,
0:21:21 what their rules are, what their goals are,
0:21:24 what their code is that they live by.
0:21:25 And then, of course, succeed in doing it.
0:21:28 And the result is that they are both happy and successful.
0:21:30 Because, you know, one without the other
0:21:31 is sort of the ultimate failure.
0:21:33 Ryan Holiday comes to mind.
0:21:34 I don’t even — I couldn’t tell you one thing he said
0:21:35 when he was on the podcast.
0:21:37 Dude, you’re Ryan’s cool shit.
0:21:39 Since then I’ve followed Ryan.
0:21:41 I was like, man, I really appreciate this dude.
0:21:43 He seems — he was —
0:21:44 I think the only thing I remember on the podcast,
0:21:46 I told him, I go, you are one of the —
0:21:49 kind of like mentally well or something.
0:21:51 I was like, you seem like one of the most well-balanced,
0:21:55 like, grounded people that’s ever come on this podcast.
0:21:57 You just seem like genuinely happy and content.
0:22:00 And it just comes through in his vibe.
0:22:03 You know, for example, instead of getting money
0:22:04 and being like, now, how do I —
0:22:06 like, the question we had earlier,
0:22:08 how do I parlay this into a private equity thing
0:22:09 and make more money off of it?
0:22:10 He did the thing that he really wanted.
0:22:13 He bought his own bookstore and made an awesome bookstore.
0:22:15 And he’s like, a bookstore is a terrible investment.
0:22:17 But like, he bought a bookstore.
0:22:18 At the top, he built his office.
0:22:19 At the bottom, he’s got a bookstore.
0:22:21 Why? Because he absolutely loves books.
0:22:23 He loves the vibe of a bookstore.
0:22:27 So every day, he gets to bask in the glory,
0:22:28 the vibe of his investment.
0:22:29 Whereas I put something in the stock market,
0:22:31 it’s just a number on the screen somewhere.
0:22:33 And there’s these clips of every time
0:22:35 he has somebody come on the podcast,
0:22:37 they record upstairs and on the way out,
0:22:39 he gives — he just starts handing the books.
0:22:39 He’s like, have you read this?
0:22:41 They’re like, no, he’s like, oh, my God, you got to read this.
0:22:44 Here, let me earmark the page where you’re going to love.
0:22:45 This book, okay, this is their famous book,
0:22:47 but actually this book is better.
0:22:48 And he just leaves them.
0:22:50 They walk out like it’s a library.
0:22:52 And they got like, you know, six books.
0:22:54 And I just love Ryan Holiday’s approach.
0:22:55 He did that with me.
0:22:58 And I think it was literally $1,000 of books.
0:23:01 Like it was like a year’s worth of reading.
0:23:02 But he’s the man.
0:23:03 I don’t know too well, but he’s got his ranch.
0:23:04 He’s got his family.
0:23:07 He’s got — he spends his days doing what he loves,
0:23:10 which is reading and writing and exploring ideas.
0:23:11 He’s tremendous.
0:23:14 You know, everybody I know who’s met him respects him.
0:23:16 And it just seems like he’s living life on his own terms.
0:23:17 He’s not playing somebody else’s game.
0:23:20 Do you know how many books he’s written, by the way?
0:23:21 How many books he’s published?
0:23:23 I would guess like seven or eight.
0:23:24 15.
0:23:26 Yeah, he’s prolific.
0:23:27 And he writes a daily email.
0:23:29 I don’t know how he’s like this prolific.
0:23:30 He’s the man.
0:23:31 My buddy Billy works for him.
0:23:33 And you can get a good sense of how somebody is
0:23:35 when you talk to somebody who works under them.
0:23:36 It has for years.
0:23:37 And he’s got, you know, nothing but good things to say.
0:23:39 So anyways, run holidays up there.
0:23:40 Jesse Yitzler was kind of like that.
0:23:43 I really admire the student’s variety.
0:23:47 So doing, you know, from rapper to starting a jingle company
0:23:50 and selling that to starting a private jet chair company
0:23:51 and selling that to Warren Buffett,
0:23:53 to creating a coconut water brand,
0:23:56 to creating now a pickles brand, creating a running brand.
0:23:59 But he just takes the things he loves.
0:24:02 It’s — he is — his business is him pushed out.
0:24:03 He loves running.
0:24:04 He creates the running club.
0:24:06 He creates the Everest thing
0:24:07 where you run up and down this mountain
0:24:09 until you’ve run as many miles as Everest.
0:24:11 He just seems to have taken his passion.
0:24:13 And instead of wearing his heart on his sleeve,
0:24:16 he just like manifested it through the world of business.
0:24:17 I think that’s really cool.
0:24:19 Creative dude seems like a lot of fun.
0:24:20 And I like some of his other things,
0:24:22 like having a misogi for the year
0:24:25 or how he — his little three C’s thing that I stole
0:24:27 where he’s like, “Yeah, every day I take 10 minutes.”
0:24:31 And it’s a compliment, a congratulations, or a —
0:24:35 what’s it called when you’re like consolation
0:24:37 for somebody when they’ve gone through something?
0:24:37 Yeah.
0:24:39 He just thinks of who in my life
0:24:40 deserves one of those right now,
0:24:42 who deserves some congratulations, a compliment,
0:24:44 or being consoled.
0:24:46 And he texts that out.
0:24:48 It’s a very easy way to build amazing relationships in life.
0:24:52 I’m doing his 20 — it’s called 29029.
0:24:55 It’s the Everest — it’s Everest thing.
0:24:56 You doing it?
0:24:58 Yeah, I was invited to —
0:25:00 his partner I became friends with,
0:25:01 and he was like, “Pick which one you want to go.”
0:25:04 And so I got Sarah signed up for it,
0:25:06 and we have to pick the date.
0:25:07 But yeah, it sounds awesome.
0:25:09 Dude, it’s really popular, by the way.
0:25:11 It’s also really expensive,
0:25:13 and they’re all always sold out.
0:25:14 As it should be.
0:25:16 The last one I had is Mike Poser on “My Little Mount Rushmore,”
0:25:18 which I don’t think that episode’s come out yet,
0:25:21 but he said a couple of things that stood out to me,
0:25:24 but the biggest one is just an operating philosophy
0:25:25 for any creator.
0:25:29 You know, he — his first song was a hit,
0:25:31 whatever, 5X Platinum.
0:25:34 His second song was a little disappointing,
0:25:35 only 3X Platinum.
0:25:37 His third song, only 1X Platinum,
0:25:38 felt like total failures.
0:25:41 And every time he went to the studio trying to make a hit,
0:25:43 he goes, “I only succeeded in making something
0:25:44 that I hated and nobody else loved.”
0:25:47 When I went in trying to make a hit that everybody would love,
0:25:49 all I made was something that everybody else hated,
0:25:51 or something that I hated.
0:25:53 And also, because I hated it, everybody else hated it, too.
0:25:56 And he goes, “Now my philosophy is very simple.
0:25:58 I just do what’s cool to me,
0:26:00 and every once in a while, the whole world agrees.”
0:26:04 And I just thought that is a wonderful banner cry
0:26:07 for a creator, an artist, is to say,
0:26:08 “I just make what’s cool to me,
0:26:10 and sometimes the whole world agrees.”
0:26:14 Yeah, he — that documentary he has
0:26:15 where he walks across the country,
0:26:17 that was — or it’s like a music video, actually.
0:26:17 Or is it a music video?
0:26:18 It’s like a 10-minute video.
0:26:20 So good.
0:26:21 He’s very inspiring.
0:26:23 Yeah, go watch the music video for Move On.
0:26:25 Is that the —
0:26:26 That’s the song, yeah.
0:26:28 It feels like a documentary,
0:26:29 because, like, there’s so much talking in it,
0:26:31 but — or, you know, a 10-minute one.
0:26:31 That’s pretty badass.
0:26:32 All right, which one should we do?
0:26:35 Let’s go to this one.
0:26:36 Isaac from Maryland says,
0:26:38 “I just started training boxing.
0:26:39 Thanks for the inspiration.
0:26:40 And I took my first liver shot.”
0:26:41 Wow, son of a gun.
0:26:44 It feels like somebody hit the off button on my body.
0:26:45 And I thought about it later,
0:26:46 and I started thinking,
0:26:48 “What’s the equivalent of a liver shot in business?”
0:26:50 We all know that a punch to the jaw
0:26:51 is the thing that’s supposed to knock you out,
0:26:54 but sometimes it’s the sneaky liver shot that gets you.
0:26:56 I told my wife about this idea, and she says,
0:26:57 “That sounds like something stupid
0:26:59 that your friends on that stupid podcast
0:27:00 would talk about.”
0:27:01 So, let’s have it, boys.
0:27:03 What’s the liver shot of business?
0:27:05 Tell me if you’ve felt this before.
0:27:06 You’re having a problem in your company,
0:27:09 and you think, “I have found this one person
0:27:10 that’s going to change everything.
0:27:13 Everything’s going to be better
0:27:15 because I’ve hired this one person.”
0:27:19 I think in — have I ever had a situation —
0:27:20 Okay, so maybe that could happen.
0:27:22 I don’t think I’ve ever had a situation
0:27:25 where my expectations have been lived up to.
0:27:26 And —
0:27:27 [ Laughter ]
0:27:28 Wait, what did you just say?
0:27:30 You’ve never had a situation
0:27:31 where your expectations have been lived up to?
0:27:32 When my life —
0:27:33 No!
0:27:36 When my expectation is that this person
0:27:38 is going to be the silver bullet.
0:27:39 Oh, yeah, yeah, yeah.
0:27:41 They’re never lived up to.
0:27:42 And it’s not their fault.
0:27:44 They could be fantastic.
0:27:47 But, like, whenever I’ll buy into someone so much,
0:27:50 and they’ll do, like, one thing
0:27:52 that, like, kind of is a bummer to me,
0:27:52 and then I’m like,
0:27:55 “What else is there that you’re going to do?”
0:27:56 And then, like, another thing happens.
0:27:57 So this is homeopathic medicine?
0:27:58 Yeah.
0:28:00 [ Laughter ]
0:28:01 It’s nothing chural.
0:28:02 You get —
0:28:04 Yeah, it’s like, I have to try.
0:28:08 It’s so — yeah, I have felt that so many times,
0:28:09 and I’ve always made —
0:28:11 I make that mistake consistently,
0:28:12 where I buy into someone.
0:28:14 You know, like, when you’re, like, in high school
0:28:15 and you’re, like, seeing a girl,
0:28:17 or, like, a girl, you got to crush on so much,
0:28:19 and like, she finally gives you, like, the chance.
0:28:20 And you’re like, “Every life is perfect.
0:28:22 I have crossed the threshold.”
0:28:22 And, like, it never ends.
0:28:23 But she’s the pointy elbows.
0:28:27 Yeah, or, like, her, like, her ring toe
0:28:29 is, like, bigger than, like, her big toe.
0:28:29 You know what I mean?
0:28:31 [ Laughter ]
0:28:32 Like, uh…
0:28:33 Dude, I hate that for real.
0:28:35 [ Laughter ]
0:28:37 I know it’s out of their control,
0:28:38 and I think, like, 30% of the population
0:28:40 has that thing where one toe’s longer than the other.
0:28:42 But it’s disgusting to me.
0:28:43 [ Laughter ]
0:28:45 Have you seen Shallow Hal, where, like,
0:28:48 he — it’s, like, this ugly dude,
0:28:50 dates, like, a 10 out of 10 model,
0:28:52 but her toe is, like, that, so he breaks up with her?
0:28:56 [ Laughter ]
0:28:58 Only on this podcast will you get a Warren Buffett quote
0:28:59 and a Shallow Hal quote.
0:29:01 It’s the same — it was in five minutes.
0:29:04 Do you know who makes an appearance in Shallow Hal is, uh…
0:29:05 Tony Robbins.
0:29:06 Tony Robbins.
0:29:07 He’s, like, the whole point in the movie.
0:29:10 Like, he convinces Jack Black to only see people’s inner beauty.
0:29:13 So now he only sees people — it’s pretty funny.
0:29:14 I love that movie.
0:29:15 I think it’s a great movie.
0:29:19 Getting — my gut punches, like, being let down by people,
0:29:22 which is, frankly, I’m 100% to blame for that.
0:29:23 Right, right.
0:29:26 Uh, mine is actually just having a health issue,
0:29:27 either you or someone, you know,
0:29:29 really close to you when you’re running a startup,
0:29:34 ’cause the day before, everything felt level 10 important,
0:29:36 and this was the most important thing in the world.
0:29:36 We’re on a mission.
0:29:37 We’re at war.
0:29:39 This is — this is everything.
0:29:42 And then as soon as you have a health — a real health issue,
0:29:44 um, there’s that phrase, you know,
0:29:47 a man has 1,000 problems until he has a health problem,
0:29:48 then he only has one problem.
0:29:49 Yeah.
0:29:50 And it’s so true.
0:29:53 Like, the liver punch in business is when you have a real life scare,
0:29:57 and you’re like, wow, I feel so stupid for having just spent,
0:30:01 like, caring so much about these stupid KPIs and metrics
0:30:03 and dialing the knobs and optimizing this funnel.
0:30:05 It’s like, dude, honestly, who gives a shit?
0:30:08 So it is the — the one thing that really just shook me out
0:30:09 of the delusion of, like,
0:30:13 business felt like everything to me until that happened.
0:30:15 That was my love — my liver punch.
0:30:17 I always feel that way whenever I have a nurse treat me.
0:30:19 Like, you know, like, nurses —
0:30:21 Oh, you’re like, this is a real job?
0:30:23 Dude, they’re like the tugboats of World War —
0:30:25 you know, like, tugboats, like,
0:30:28 are — like, have, like, helped us win World War II.
0:30:30 Like, the tugboats worked their asses off
0:30:31 to get these ships out there.
0:30:32 But they’re the unsung heroes.
0:30:34 You know, no one, like, gave tugboats love.
0:30:35 Tugboats are busy.
0:30:36 What does the tugboats do? I don’t know this.
0:30:39 So, uh, during World War II, we were, like,
0:30:41 building ships like crazy.
0:30:43 Or I’ll give you a better analogy.
0:30:43 Uh, 9/11.
0:30:46 During 9/11, uh, you know what tugboat is?
0:30:47 Like, uh, a tugboat’s like a —
0:30:47 Not really.
0:30:49 Is it a tiny boat that pulls boats?
0:30:51 So, when you — let’s say you have a cruise ship.
0:30:54 When a cruise ship comes into a relatively small place,
0:30:56 like, for example, when a cruise ship is going to dock
0:30:59 in San Francisco, you need a tugboat to go out and get it
0:31:03 and, like, drag it and place it perfectly where it goes.
0:31:05 But they’ve been the unsung heroes for many occasions.
0:31:07 So, for example, during World War II,
0:31:09 we were building ships like crazy and getting them out there.
0:31:11 These fucking tugboats were working their asses off.
0:31:12 And they, like —
0:31:14 And, like, the tugboat operators were, like, performing miracles.
0:31:15 Same with on 9/11.
0:31:16 On 9/11, it was, like, the tugboats
0:31:18 that were getting people off the island of Manhattan.
0:31:20 Uh, to, like, Brooklyn or whatever.
0:31:22 And, uh, nurses are, like, tugboats.
0:31:24 Like, you forget about a nurse.
0:31:26 Like, or you think you kind of dismiss a nurse as, like —
0:31:28 Yeah, you go to the hospital for the doctor.
0:31:29 That’s the doctor who’s the most important.
0:31:31 And then you, like, a nurse will come and, like,
0:31:33 give you Advil or, like, give you a popsicle and, like, soothe you.
0:31:36 And you’re, like, you’re so much more important.
0:31:38 A, you’re more important than the doctor, maybe.
0:31:39 And, B, you’re more important than my fucking job.
0:31:42 Like, it’s not even close.
0:31:43 100%.
0:31:43 100%.
0:31:46 All right, let’s do another one.
0:31:47 You pick one off here.
0:31:52 If you could shadow anyone for a week to learn how they operate,
0:31:54 who would it be and why?
0:31:55 All right.
0:32:00 I would split it between either somebody who’s hyperproductive,
0:32:02 which might as well go for Elon,
0:32:04 because there’s all these myths about Elon.
0:32:05 And I just want to see it for myself.
0:32:07 I want to see what’s the real deal.
0:32:09 How is this guy running four companies
0:32:11 and playing Diablo at night and got 11 kids?
0:32:13 And, like, I want to actually follow this guy
0:32:15 and see what’s going on.
0:32:15 What’s Diablo?
0:32:18 What is Diablo?
0:32:19 It’s a game, video game.
0:32:20 Okay.
0:32:24 He’s, like, streaming on X at night.
0:32:27 Like, the same night, you know, they catch the starship, right?
0:32:30 They catch the heaviest rocket ever with, like, these chopsticks.
0:32:32 Then the same night, he’s playing Diablo
0:32:34 for, like, four hours on stream,
0:32:36 and he’s, like, doing, like, a high-level raid.
0:32:37 It’s pretty wild.
0:32:39 In the same way that, do you know this?
0:32:41 LeBron James recently screen shadowed this thing out
0:32:44 that he was a top 100 ranked Madden player,
0:32:46 or, like, he reached rank 100, which is, like, the top rank.
0:32:47 No way.
0:32:49 And that’s going to be one of the most played games
0:32:50 in the world, right?
0:32:52 Yeah, it doesn’t mean he’s a top 100 player,
0:32:55 but it means he, he still reached the top rank
0:32:57 of the people who were playing competitively at that moment.
0:32:58 That’s still impressive.
0:32:58 It doesn’t matter.
0:32:59 Still impressive.
0:33:01 Or, like, you know, we’ve told the story
0:33:03 about Travis Kalanick being the number two or three
0:33:05 We Tennis player in the world.
0:33:06 Luca Donchich, who’s, like,
0:33:08 one of the best basketball players in the world.
0:33:10 He’s a, he’s a top 100 Overwatch player.
0:33:12 I played a lot of Overwatch.
0:33:13 This is insane.
0:33:14 It’s insane that this guy…
0:33:15 What’s Overwatch?
0:33:16 Is that a war game?
0:33:19 It’s a first person shooter, or I don’t know what you’d call it.
0:33:20 It’s, like, a team first person shooter or whatever.
0:33:23 And he’s the best, or one of?
0:33:25 He’s a, he’s a grandmaster player.
0:33:27 And he reached top, I think it was top 500,
0:33:29 which is the, the, the, they don’t do top 100.
0:33:31 They do top 500.
0:33:33 And Luca was in the top 500.
0:33:33 It’s insane.
0:33:35 Like, I can’t believe it.
0:33:36 And people are like, “Oh, well, these guys are their athletes.
0:33:38 They have a lot of time to play video games,
0:33:39 a lot of downtime when their bodies are…
0:33:40 It’s still ridiculous.
0:33:41 I don’t give a shit, dude.
0:33:42 I was playing Overwatch, you know,
0:33:44 three hours a day for, like, you know, two years.
0:33:46 I couldn’t even break, you know, bronze.
0:33:48 This is incredible, how he did that.
0:33:51 I think I want to…
0:33:51 All right.
0:33:54 So did you read that New York Times article on Alex Karp?
0:33:57 I didn’t read it, actually, but a bunch of people recommended it.
0:33:58 What did it say?
0:33:59 So he’s the CEO of Palantir.
0:34:00 What did it say?
0:34:02 Alex Karp is the CEO of Palantir.
0:34:05 Palantir is, like, an almost $100 billion company.
0:34:08 And they’re kind of controversial because they typically have
0:34:11 a libertarian to Republican lean culture in Silicon Valley.
0:34:13 That’s, like, not common.
0:34:14 And he’s also, like, a freak.
0:34:19 And so he’s a freak because he grew up, like, in Germany, I believe.
0:34:21 And he says ridiculous stuff.
0:34:24 So he’s, like, I’ve got some…
0:34:26 I think he said I got a Jewish mom and a black dad.
0:34:28 I can get away with anything.
0:34:30 Like, he says, like, silly things like that.
0:34:32 Or he’ll be, like, the only time I’m not…
0:34:35 He said this on, like, a quarterly earnings call.
0:34:37 He’s, like, the only time I’m not thinking about Palantir
0:34:40 is when I’m out cross-country skiing or having sex.
0:34:41 Like, he just, like, kind of, like, says,
0:34:43 like, ridiculous stuff like that.
0:34:45 But he’s just, like, a weirdo.
0:34:47 And I really like this.
0:34:49 He was raised in Germany.
0:34:51 He went to school as a philosophy major.
0:34:54 Peter Thiel and him used to argue all the time in debate.
0:34:57 Peter Thiel’s right of center, Alex Karp is left of center.
0:34:59 And so they had opposite politics.
0:35:01 And he said in the article that they would argue,
0:35:02 like, ravenous animals.
0:35:04 And because of that, they fell in love with each other.
0:35:07 And Peter Thiel and Jo Lansdale came to Karp
0:35:09 with this idea for Palantir.
0:35:13 And he was the perfect person to lead and run the company.
0:35:16 And so he just tells, like, 25 years of stories
0:35:17 in the New York Times article.
0:35:20 Because this is his moment, the company 25 years old,
0:35:22 that they are finally, like, the top dog.
0:35:23 And he tells all these crazy stories.
0:35:25 And he’s just quirky and weird.
0:35:26 And I love that.
0:35:30 The article starts, “Alex Karp never learned to drive.”
0:35:33 His quote, “I was too poor, and then I was too rich.”
0:35:38 The picture is him wearing pink socks at his New Hampshire home,
0:35:40 just, like, sort of, sitting in his–
0:35:41 Everything about him is weird.
0:35:43 Everything you just said about that is, like,
0:35:44 different and strange.
0:35:44 Keep going.
0:35:47 I’m Jewish, racially ambiguous, dyslexic.
0:35:48 So I can say anything.
0:35:49 Yes.
0:35:51 Okay, wow.
0:35:54 He’s just quirky, man.
0:35:56 He’s really funky.
0:35:57 So you want to follow this guy
0:35:59 because you think he’s a genius?
0:36:01 Or you just think this guy’s a weird–
0:36:03 a weirdo, and you just want to see it up close?
0:36:04 All the above.
0:36:05 And he’s living in his own world.
0:36:09 I have friends that who report to him at Palantir,
0:36:11 and they love him.
0:36:13 Like, this is one of those stories where you said,
0:36:15 similarly, to Ryan Holiday, where you talk to people
0:36:16 who work for him.
0:36:16 They all love him.
0:36:19 They have jokes, and I think they reference it in the article.
0:36:21 They call him Papa Karp or Daddy Karp.
0:36:26 Like, they, like, revere him, like, this wise, like, sage guy.
0:36:28 Yeah, okay, this guy’s pretty fascinating.
0:36:30 Okay, so Alex Karp would be your pick?
0:36:31 Easy.
0:36:32 Nice.
0:36:36 All right, a quick break.
0:36:38 I know that if you’re listening to my first million,
0:36:39 that means you love numbers.
0:36:42 Well, I’ve got a new podcast called Money Wise.
0:36:43 And the premise is simple.
0:36:45 We talk to high net worth people,
0:36:49 so people who have somewhere between $50 to $500 million.
0:36:50 And we start with simple premise,
0:36:54 which is tell me exactly how much money you have,
0:36:55 how much money you make every month,
0:36:57 what your portfolio looks like,
0:36:59 how much money you spend every month,
0:37:01 and every other bit of information
0:37:04 that involves your net worth and your spending.
0:37:08 And the reason we do this is because I want to demystify money.
0:37:10 So we just had this woman named Anne,
0:37:14 who has a $94 million portfolio after selling her business,
0:37:16 and she spends $360,000 a month,
0:37:17 and she talks about where the money is,
0:37:19 and what she spends it on,
0:37:20 and why she spends that much,
0:37:21 and if it makes her happy or not.
0:37:23 And then we dive deep on different topics,
0:37:26 like children, buying versus renting, giving money away.
0:37:28 We basically are having a conversation
0:37:30 that I see a lot of rich people having behind closed doors.
0:37:31 We do it publicly.
0:37:32 So check it out.
0:37:33 It’s called Money Wise.
0:37:36 And you can find it wherever you get your podcasts.
0:37:38 I would either do someone super productive like Elon,
0:37:41 or somebody super creative like the creators of South Park.
0:37:44 That documentary, Six Days to Air, is one of my favorite…
0:37:46 – One of miserable life. – …things to watch.
0:37:48 – How hard is that life? – I don’t want to be either of them.
0:37:50 Both of them play the game on absolute hard mode.
0:37:53 But if I want to break my frame,
0:37:55 I’m not going to hang out with people
0:37:58 who have exactly what I feel comfortable with.
0:38:01 I want to hang out with people who play the game at level 12,
0:38:03 so I know what the hell level 12 is.
0:38:04 And then I’ll just be like,
0:38:05 “What the hell level 12 is?”
0:38:07 And then I’ll dial it back to eight or nine,
0:38:09 which is where I like to stay in that range.
0:38:11 But you don’t even know what an eight or nine is,
0:38:13 unless you’ve seen what the extreme is.
0:38:15 So I want to see the extreme of productivity
0:38:17 and the extreme of creativity.
0:38:19 Yeah, man, that documentary is amazing.
0:38:21 Basically, for those who haven’t seen it,
0:38:23 I think it’s on YouTube for free.
0:38:25 South Park, which has been around for 25 years,
0:38:27 is basically two guys, Matt and Trey,
0:38:30 they come up with an entire 30-minute episode in Six Days.
0:38:33 So from idea to it being live is Six Days,
0:38:34 and they do that every single season
0:38:36 and they’ve done for 25 years.
0:38:37 Which is unheard of.
0:38:39 That timeline is unheard of.
0:38:42 Most animated shows would be like, you know,
0:38:43 sort of like a…
0:38:45 Family Guy is nine months.
0:38:47 Six to nine months, 12 months, that’s like normal.
0:38:50 Six days just breaks your brain of how do you do that.
0:38:52 And the way they do that is they’re like…
0:38:56 It’s like Monday, we’re pitching ideas,
0:38:57 and then we grab the idea.
0:38:59 The animators start drawing.
0:39:00 We go into the studio.
0:39:01 We start doing the voices
0:39:03 so that the animators have the dialogue.
0:39:05 We’re working out the jokes as we go.
0:39:06 It’s crazy.
0:39:07 They also do that with SNL.
0:39:10 By the way, I saw this interview with him recently.
0:39:12 So you won’t…
0:39:13 I don’t know if you will know this,
0:39:15 but I lived in Denver and that’s where they’re from.
0:39:17 And there’s this restaurant that’s famous there
0:39:18 called Casa Bonita.
0:39:19 Do you know about this Casa Bonita story?
0:39:22 Dude, they bought it and it’s amazing.
0:39:23 Do you know what it is first?
0:39:25 What’s it like?
0:39:26 I know it’s in this TV show.
0:39:27 I watch it at the show all the time.
0:39:28 It was a joke in the show
0:39:30 where it was like Cartman wanted to go there
0:39:32 and it’s like, is it Mexican, I guess?
0:39:34 And there’s people jumping off cliffs into pools
0:39:36 and there’s like, all you can eat Mexican food.
0:39:39 Imagine you walk in to the biggest rainforest cafe
0:39:40 you’ve ever seen.
0:39:42 So you walk in and it feels like you’re in a cave
0:39:45 or some kind of like treasure hunt sort of situation.
0:39:48 But it says part rainforest cafe on steroids.
0:39:52 Part school lunch because you just grab a tray
0:39:54 and you walk down this…
0:39:55 It’s like Ikea.
0:39:57 You walk down this path and then there’s like…
0:40:00 These lunch ladies just put a slop on your tray
0:40:01 and the slop is the worst Mexican food
0:40:03 you’ve ever had in your life.
0:40:05 And then you get out till you finally exit the maze
0:40:07 where you got your slop on your tray.
0:40:11 And you sit down and now you’re at like this table
0:40:13 and there’s this huge restaurant
0:40:17 that has these like a giant indoor waterfall.
0:40:18 And then there’s a whole show that happens
0:40:21 with cliff divers and they’re diving into the water
0:40:21 and there’s like a…
0:40:23 It’s like a little play that’s happening.
0:40:24 So then you get Broadway.
0:40:26 So you get Broadway at the rainforest cafe
0:40:29 and like the craziest prison lunch you’ve ever had.
0:40:31 It’s like an experience.
0:40:33 It was dying and I guess it’s like a staple
0:40:35 for anybody who lives in that area.
0:40:36 It’s like a thing.
0:40:39 And you knew if it ever died, it would never come back
0:40:40 because the whole idea didn’t even make sense
0:40:42 in the first place.
0:40:44 So they bought it for like I think a couple million bucks.
0:40:46 And the guy said, he goes,
0:40:49 so you’ve since had to invest in like kind of turning it around.
0:40:49 I saw this.
0:40:52 He’s like, yeah, I invest a lot of money.
0:40:53 He goes, how much do you invest?
0:40:55 He goes, we put in about $40 million.
0:40:58 (laughing)
0:41:01 To rescue this restaurant, which is just insane.
0:41:04 And along the way, they filmed it
0:41:05 as they were trying to rescue this thing.
0:41:06 That turned into its own documentary.
0:41:09 And so just a crazy, crazy story.
0:41:11 It’s the food better.
0:41:13 The reviews on it are like still not good.
0:41:14 I don’t know.
0:41:16 I don’t want to hear any bad things about it.
0:41:17 I love those guys.
0:41:18 I love Casa Bonita.
0:41:20 I have a lot of memories from there as a kid.
0:41:22 And I love that these guys tried to…
0:41:24 Basically the same thing that the Fertitas did with the UFC
0:41:27 where they bought it for $2 million and then lost $40 million
0:41:28 trying to like build the brand.
0:41:30 They did that, but just with Casa Bonitas.
0:41:35 Dude, but yeah, I don’t know if the outcome is going to be the same,
0:41:36 but that’s pretty wild.
0:41:38 I mean, they’re like epically rich, those guys.
0:41:39 They’ve been…
0:41:41 Rich guys in restaurants, name a better combo.
0:41:42 Shit.
0:41:46 All right, we’ll do one more or is that it?
0:41:47 Let’s do this fatherhood one.
0:41:51 So Jeremy from Austin, okay, that’s maybe somebody you know.
0:41:52 He says, I’m a soon to be dad.
0:41:53 I’ve read all the books.
0:41:56 I’ll listen to the podcast, but I got to hear from the boys.
0:42:00 What advice was actually useful underlined for when you became a dad?
0:42:02 So we all get advice.
0:42:04 What was actually useful?
0:42:06 Dude, mine’s so much easier.
0:42:09 Yours is going to be like insightful and philosophical.
0:42:10 Here’s mine.
0:42:12 Mine was like so easy.
0:42:16 So it was called like the five S’s, but it really could just be like two.
0:42:22 So when a baby’s crying, zero to three months, you swaddle them super tight.
0:42:23 I was shocked at how tight you need to be.
0:42:23 Yeah.
0:42:26 You turn them tighter than you think you’re supposed to be doing.
0:42:27 Yeah.
0:42:28 Like you’re putting this thing in a straight jacket.
0:42:31 Like like child protective services need to be called.
0:42:35 Like that’s how like tight it feels like when you swallow these kids.
0:42:38 And then you hold them on their side when they’re crying and you lift them up in your ear
0:42:39 and you shush them.
0:42:42 But when you shush, it’s super loud.
0:42:43 Like I, they taught me how to do it.
0:42:45 I’m like, that’s going to hurt the baby’s ear.
0:42:47 And they’re like, no, this, I don’t know.
0:42:47 However, it works.
0:42:49 This is what they’re used to hearing.
0:42:53 You shush really loud in their ear and they quit crying after like 20 seconds.
0:42:56 So it was like the swaddle sideways shush.
0:42:57 That was very productive.
0:42:59 All right, that’s good.
0:43:02 I’ll tell you what doesn’t help first.
0:43:07 So when I, we got pregnant for the first time, it was like, oh, better get some sleep now.
0:43:09 That’s not how sleep works.
0:43:09 And that doesn’t do anything.
0:43:11 Don’t don’t do that.
0:43:12 Well, you can build it up with a bank.
0:43:16 If they wanted to say, what could you actually do before the kid comes, which is not much.
0:43:22 It’d be like, hey, just take this 15 pound dumbbell and curl it.
0:43:26 Just hold it in the curl and then try to do the rest of your life.
0:43:30 So now operate, you know, do your computer and like make food and do everything while
0:43:31 curling this thing.
0:43:33 Because that’s actually the only prep that would have actually helped.
0:43:38 I think the biggest prep is mental for, at least for the dad.
0:43:40 Here’s what I think are the three phases of fatherhood.
0:43:41 This is my bit.
0:43:41 I’m working on it.
0:43:42 I’m working on a bit here.
0:43:43 All right.
0:43:45 The three phases of fatherhood are, I want kids.
0:43:48 That’s phase one.
0:43:48 I want kids.
0:43:48 Yeah.
0:43:49 I want kids.
0:43:50 Hell yeah.
0:43:54 And then phase two, which is when you’re pregnant and the baby’s coming.
0:43:56 I want kids.
0:43:57 Dot, dot, dot, right?
0:43:59 Yeah, it’s scary.
0:44:01 Now, and that’s phase two.
0:44:05 And then phase three, which comes, you think it’s supposed to come when the baby’s born,
0:44:07 but it will not for most people.
0:44:13 It comes like 12 to 18 months later is, I can’t live without kids.
0:44:14 And then that’s where you will get to.
0:44:15 That’s the third phase.
0:44:17 It does come, have faith.
0:44:21 And so totally normal to have the initial, I want this,
0:44:24 then the questioning and the doubt and the panic, the freak out.
0:44:28 Then the initial anti-climatic thing where the baby’s an inanimate object
0:44:30 and you’re kind of useless as a dad.
0:44:31 You’re kind of just helping the mom.
0:44:33 You don’t feel too much.
0:44:35 That was at least my, it was my experience.
0:44:37 And that’s, you’re kind of concerned.
0:44:39 You’re like, wait, do I not have a soul?
0:44:41 Why don’t I feel what I’m supposed to feel about this kid?
0:44:45 And then at sort of 12 to 18 months, once they start to like smile and laugh or,
0:44:47 you know, crawl, like do things like that.
0:44:49 Then you’re able to, then it turns around and you’re like,
0:44:51 I can’t imagine life without kids.
0:44:56 I probably spoke to 30 guys before I had my kid and I was like, what should I expect?
0:45:01 And I asked all of them a very like blunt question, but they all understood what I meant,
0:45:05 which was, did you love her right away or did you love the baby right away?
0:45:13 And of the probably 70% of them said, no, I had love, but I wasn’t in love.
0:45:14 Cared about the well-being, sure.
0:45:22 I cared, but like I wasn’t in love until let’s say eight or 10 months, something like that.
0:45:25 I personally was into it because I had animals.
0:45:29 Like it kind of replaced like a dog for me, if I’m being honest, like where like,
0:45:32 I love dogs and I was, I like that, I like that type of shit.
0:45:37 So I was into it, but I was preparing not to be into it right away.
0:45:39 Lowered expectations, the key to life.
0:45:45 I think most men aren’t into their kids for, you know what I mean, when I say into,
0:45:47 in love for like eight months.
0:45:52 I had a hilarious dinner with this guy and he was like, yeah, I am, you know, if I’m honest,
0:45:58 it’s hard. I can’t, same description, I care, but I guess I wouldn’t say I’m like totally like
0:46:01 head over heels, like, you know, can’t live without them type of thing.
0:46:04 It’s like a roommate, it’s like a roommate that you enjoy.
0:46:06 I was like, oh, totally, totally normal.
0:46:07 Turns around 12, 18 months.
0:46:09 They’re like, yeah, they’re three.
0:46:13 I was like, oh, you’re broken.
0:46:19 Dude, you know what also shocked me?
0:46:25 Like every, all of my friends after they have kids, they all, most of them have said similar
0:46:27 things, which is I wish I started sooner.
0:46:28 And that shocked me.
0:46:30 I was always the opposite I thought.
0:46:32 I always thought it was the opposite.
0:46:34 But I don’t wish that.
0:46:39 I’m like, I’m glad I got in all the, the stuff that you can only do when you’re,
0:46:40 you know, young, wild and free.
0:46:42 I’m glad I got that in because it’s a one-way door.
0:46:45 Once you do it, you can’t, there is no, there’s no breaks.
0:46:47 There’s no Mulligans, at least for me.
0:46:52 So, you know, it just seems like it’s, I’m glad I took the time.
0:46:55 All right. That’s this episode where we’re going to call this mailbag.
0:46:56 Mailbags are fun.
0:47:04 If you have questions again, like this, go to MFMPod.com and we’re going to add a contact
0:47:05 button and you could ask questions.
0:47:09 Yeah. We’ll add a mailbag button, drop them in there, make them entertaining, make them fun.
0:47:10 We like them.
0:47:12 All right. That’s it. That’s the pod.
0:47:17 I feel like I can rule the world. I know I could be what I want to.
0:47:24 I put my all in it like no days off on a road. Let’s travel, never looking back.
0:47:34 [BLANK_AUDIO]
0:00:07 And there was one that I had to had to bring up.
0:00:08 We got to start with this.
0:00:10 So here’s the, here’s the email.
0:00:22 Dear Sam, last month I sold my e-com biz and recently a startup
0:00:24 that I invested in went public.
0:00:25 I’m in my thirties.
0:00:27 I own very little house, cars, nothing.
0:00:32 I have 53 million in cash sitting in my bank account, but I’m not sure what to do.
0:00:36 If I do something that needs to be big, I’m torn between a few options.
0:00:39 Just put it in the SB 500 and move on, get into real estate,
0:00:41 trying private equity, chasing a billion dollar idea.
0:00:43 I’ve hit three major wins in a row.
0:00:47 I exited my company, I invested a winning startup, and I got really lucky on a real estate deal.
0:00:51 But I’m not entirely confident I can rebuild it from scratch if I lose it all.
0:00:53 My life goals are pretty simple.
0:00:56 Have five kids, a wife and become a billionaire.
0:00:58 I’m currently with someone I’m planning to marry.
0:00:59 What do you got for me?
0:01:02 Okay, so let’s start.
0:01:02 Let’s answer this question.
0:01:05 And then there’s some good other mailbag questions that we have here.
0:01:06 All right.
0:01:07 So let me tell you what I told the guy.
0:01:11 I basically said, if you make 50 million dollars at the age of 35,
0:01:15 that basically becomes a billion eventually.
0:01:16 But that’s kind of irrelevant.
0:01:20 But like, I think that’s a dumb goal to become a billionaire or want to become a billionaire.
0:01:23 I think you should do what you love after you have that much money.
0:01:25 But if you want to become a billionaire, you will.
0:01:30 But what I told him was basically, I think he should put most of it actually
0:01:34 into a high yield savings account or just like some type of like short term
0:01:39 treasury note or something like that and just sit for six to 12 months and do
0:01:44 nothing except read and have conversations with interesting people.
0:01:47 And that actually six to 12 months, that may take 36 months.
0:01:49 That might actually take five or 10 years.
0:01:54 But whatever you want to do, my opinion is you should plot and read and talk
0:01:57 and only do something if you’re obsessed with it.
0:02:01 And oftentimes when you make a lot of money, you get bored.
0:02:04 And because of that, you start kind of it’s like, it’s like falling in love
0:02:06 with someone when you’re like really horny.
0:02:08 It’s like, dude, you don’t actually love that person.
0:02:08 You know what I mean?
0:02:11 Like don’t don’t actually do it.
0:02:14 And so I think but you have to be really intentional about what’s next
0:02:17 project that you do and you don’t give yourself a timeline, but you sit and you
0:02:18 read and you wait for it to happen.
0:02:22 So with the money, I would do some type of high yield savings account for
0:02:26 like six months, and then eventually I would do 80, 20 S&P bonds.
0:02:28 I would try to live off 3% of that money.
0:02:31 And then I would just plot and wait until that one thing I find.
0:02:34 And then I would take a percentage of the money, like for example, let’s say
0:02:37 that you’re comfortable living off of $1.5 million a year.
0:02:40 You take how much you need in the S&P to live off that.
0:02:44 And the rest you are willing to allocate towards your big dream and new adventure.
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0:03:26 All right, I like the advice.
0:03:27 Here’s an analogy.
0:03:28 Here’s what I would tell this person.
0:03:29 Do we have a name for this person?
0:03:30 They don’t want their name out there.
0:03:32 Let’s call it Derek.
0:03:33 Okay, Derek.
0:03:36 All right, Chuck, here’s the deal.
0:03:38 Here’s an analogy for you.
0:03:43 You’ve got a beautiful big screen TV, beautiful 96 inches.
0:03:47 It’s an enormous, beautiful plasma retina, whatever the display is.
0:03:52 But it seems to me like behind the TV, you have what a lot of us have.
0:03:54 You got the cables all tangled up.
0:03:57 And the reason I say this is because you asked one question.
0:03:59 That’s actually five questions, probably one.
0:04:01 So let’s separate out.
0:04:04 Let’s start to pull the tangles on these cables that are stuck behind the TV.
0:04:07 So one, one cable is, what do I do with this cash?
0:04:09 Meaning I’ve got cash saving accounts.
0:04:11 Should I just leave it there or do I do something with this money?
0:04:13 There’s another one, which is what do I do with my time?
0:04:15 And those are two separate questions.
0:04:18 Because when you get rich, the point of getting rich in a way is to
0:04:21 separate the questions of what do I do with my money?
0:04:22 What do I do for money?
0:04:23 And what do I do with my time?
0:04:24 Those are now separate questions for you.
0:04:27 But before, when you have no money, they’re the same.
0:04:30 You work, you put your time in, that’s how you get the money out.
0:04:34 Then you have a third question, which is, what are my actual goals?
0:04:38 So he said, my goals are to have five kids, have a wife and have a billion dollars.
0:04:43 And have, have, have, I don’t know, very many happy people who got happy
0:04:48 because they, they acquired things that they have things they have caused.
0:04:49 The kid thing might be different.
0:04:52 I think you could acquire a kid to be happy, actually.
0:04:54 I don’t think so.
0:04:59 I think life is a lot more about figuring out what you love to do, where
0:05:02 you feel most useful and, and who you want to become.
0:05:05 And more importantly than, than the things that you end up doing.
0:05:09 So I think I would, I would ask a question, which is, what are my actual goals?
0:05:14 And never use the word actual as a loaded word, because usually we have
0:05:19 these goals that we just borrowed from others, either from our parents, from society,
0:05:23 from the movies, from newspapers, these goals that, that are theirs.
0:05:24 And we make them ours.
0:05:28 It’s a goal you had 10 years ago, but you’re not the same person you were 10 years ago.
0:05:31 When I did this episode of Mike Poser, he’s like, dude, I was in my 20s.
0:05:35 All I wanted to do was get rich, get famous, be successful, be respected.
0:05:39 He’s like, and then I was in my 30s, I was doing things that would give me those things.
0:05:40 But that’s not what I wanted anymore.
0:05:45 I was living the dreams of 21 year old me rather than, than 31 year old
0:05:47 me, who actually had new dreams.
0:05:48 And I needed to update that.
0:05:52 I needed to update the sort of motivational thing on the, on the poster.
0:05:54 There’s another great question, which is in my, he says something like,
0:05:57 if I’m doing something, it’s got to be huge.
0:06:00 And anytime I hear that, there’s usually like a chip on your shoulder.
0:06:01 You probably want to work on.
0:06:05 A great question here is, are you being, are you driven or are you being dragged?
0:06:07 So it’s like, what’s the reason?
0:06:08 Why do I feel the need to do that?
0:06:10 Is it to prove something to other people?
0:06:15 I talked to a guy who had dinner with a guy who’s created a $50 billion plus company.
0:06:16 He’s doing a new one.
0:06:18 And I was like, why are you doing another company like stressful?
0:06:20 Hard, you just had kids.
0:06:21 Why are you doing this?
0:06:23 He goes, I just want to prove, you know, I need to prove that like,
0:06:25 it wasn’t just a fluke the first time.
0:06:25 Really?
0:06:29 And in my head, I’m laughing because I’m like, proof to who, you know, nobody
0:06:30 doubts that you could do this.
0:06:33 Like we all actually respect and admire you.
0:06:34 We think you’re amazing.
0:06:35 Who, who are you proving this to?
0:06:36 Is it proven to yourself?
0:06:36 Why do you doubt it?
0:06:37 You did it.
0:06:42 Then doing it to prove something wrong or prove something right is sort of a silly
0:06:43 way, a silly reason to do something.
0:06:47 So anyways, my, my final advice would be, I would do nothing financially.
0:06:50 You know, like you said, just put in a savings account for a year.
0:06:54 I would get a coach to help untangle some of these mental wires that are tangled up.
0:06:58 I would get in shape because when you’re in shape, all things start to look a little
0:07:03 different and I would spend a year with people that you really love helping people
0:07:04 and hanging out with them.
0:07:06 So I would find people who need help and go help them.
0:07:08 I’d find people who are free and go hang out with them.
0:07:11 And I would start to hang out with people who maybe have gone through this season of
0:07:13 life and I think of it like a season.
0:07:16 I’d be like, oh, I had this season of achievement and I got a season of
0:07:18 wandering, but I got to figure out what I’m doing next.
0:07:19 Call it that.
0:07:22 So you don’t feel uncomfortable when you’re like, oh man, I’m so unproductive now.
0:07:26 Call the season what it is and go hang out with people and make no decisions until,
0:07:27 you know, the clarity will show up.
0:07:30 The worst thing this person can do.
0:07:36 Well, one of the bad things this person could do is go and buy a bunch of stuff.
0:07:42 Or get himself into situations that can’t easily be untied.
0:07:48 So for example, I mostly filed my own advice when I kind of had an acquisition.
0:07:52 I did one dumb thing, which is I bought some real estate that I was like going to turn
0:07:56 into a business and I did it like right away.
0:08:01 And a few months into it, I’m like, I don’t know what the hell I’m doing and I don’t like this.
0:08:05 And it took, it took like a year to like unwind all of that.
0:08:08 It consumed my brain and it really messed with me.
0:08:10 And so I work around doing that.
0:08:12 And I think a lot of people make the same mistakes.
0:08:15 It’s a very common mistake is to go and like acquire a whole bunch of stuff,
0:08:18 which weighs you down and it ruins the whole seeking process.
0:08:23 The only alternative version of that is when you go and you do something for your parents.
0:08:25 So like there’s a great clip.
0:08:29 We should play this clip of, you know, Stephen A. Smith is the ESPN anchor.
0:08:34 He talks about when he first got money and he drives to his mom’s, where his mom worked.
0:08:39 And he’s like, I went into, went into her office and I said, mom, get up, get your bag.
0:08:40 We’re leaving.
0:08:43 And then I told her boss, she ain’t ever coming back.
0:08:46 And he talks about how he retired his mom on the spot.
0:08:48 And I was like, that’s a cool thing to do.
0:08:50 Pay off your parents mortgage or debt or something like that.
0:08:52 If you’re going to do anything, do that.
0:08:55 It says, you know, sort of a philanthropy in your own economy.
0:08:57 First, that’s that’s what I did.
0:09:01 By the way, we, we, I flew my parents first class to Europe and it was awesome.
0:09:04 It was awesome.
0:09:05 And I have this video of them.
0:09:10 My father stood up and like, you know how old people hold their phone with two hands?
0:09:16 And he like is holding his phone, like doing a circle of like, and I, and I, like taking
0:09:17 a picture of like his seat.
0:09:20 And I have a video of him doing that and that brought me so much.
0:09:22 I feel happy that I got that video.
0:09:23 That made me happy.
0:09:25 Now the way I got a little hack on that.
0:09:29 When, when we sold the milk road, my mom was on a vacation with her, all of her siblings.
0:09:31 She has like eight, eight or nine siblings.
0:09:37 And so I got them all like, um, like, I was like, Hey, uh, have the hotel call and be like,
0:09:40 you’re, uh, you’re, you know, your massage is ready and call all of the rooms at once.
0:09:43 And then they all went down and basically I’ve got them all kind of like a day pass at the
0:09:44 spa in Vegas.
0:09:48 And it wasn’t even that expensive, probably a couple thousand dollars.
0:09:53 But for my mom, it was like having a mortgage paid off in that she felt like, oh, my son
0:09:56 treated me to something, but also I got to brag.
0:09:57 Yeah, I got to brag.
0:09:58 My kid is so good.
0:10:00 She felt the good that it was good for everybody.
0:10:03 It wasn’t just good for her and that, you know, doing something nice for her siblings
0:10:05 made her feel so amazing.
0:10:05 Yeah.
0:10:10 And she could brag that her kid has this shit together and maybe the other ones don’t.
0:10:14 Someone asked us this question and I’m, it’s related to a topic that we’re talking to.
0:10:17 What’s the number one thing that you’ve read or seen recently?
0:10:21 That’s why would you, I read this book called the replay.
0:10:21 It’s a novel.
0:10:22 Do you ever read novels?
0:10:23 Yeah.
0:10:27 I’m like big into novels that I thought like, I thought like,
0:10:29 growing up, I would like to flex question.
0:10:31 Do you read novels?
0:10:33 I didn’t read any of them novels.
0:10:38 Like I was scarred by like grade school or middle school of like having to read novels
0:10:39 I don’t like.
0:10:42 And then I got into the business world and like, oh, we only read like Peter teal books.
0:10:43 We don’t read thick.
0:10:45 We don’t read this nonsense.
0:10:46 And then now I’ve fallen in love with them.
0:10:47 So I love novels.
0:10:50 I read this great book called replay by Ken Grimwood.
0:10:56 It’s about this man who basically dies at the age of 35 and he consistently relives his life
0:10:57 over and over and over again.
0:11:01 And it’s like all like he does everything that you would do if you could replay your life,
0:11:02 which is like, what would you do?
0:11:04 You would like get rich by buying stocks.
0:11:07 You’d probably like get try to get a ton of girls, whatever.
0:11:11 But he is able to talk to his parents again when they were alive.
0:11:15 And I read that book recently right when I got to that part where he talks to his parents
0:11:16 who had died.
0:11:17 Now he’s reliving his life again.
0:11:18 He’s able to see his parents.
0:11:21 It made me very emotional.
0:11:25 And I called my parents and I go, hey, November, like fourth, what are you doing?
0:11:26 Cool, clear schedule.
0:11:29 And so we’re taking a big like lavish trip together.
0:11:30 And so that’s awesome.
0:11:35 This book made a really big impact on me because it gave me this idea of like,
0:11:39 in 30 or 40 years, however long it’s going to be, when my parents are no longer alive,
0:11:44 or whatever the situation is of like, you cannot do in 20 years what you can do today.
0:11:48 Well, I have regretted, you know, not taking advantage of that period.
0:11:50 And so I’m trying to, I hadn’t made a list.
0:11:52 I’m like, here’s all the things that 20 years I’m going to regret.
0:11:55 I’m going to go and just get it done now.
0:11:57 And so that book had a big impact on me.
0:11:57 Oh, that’s great.
0:11:59 I’ll give you a couple.
0:12:05 Chris Williamson put a little screenshot essay up that I really liked.
0:12:07 And he called it, I’ve got to be exactly what he called it.
0:12:11 But he goes, type A people have type B problems.
0:12:13 And type B people have type A problems.
0:12:15 So what is he describing?
0:12:21 So type A is like the achiever, the obsessor, the kind of like high functioning ADHD
0:12:25 or high functioning, high anxiety person, which is a lot of people who we know a lot,
0:12:27 probably a lot of people who listen to this podcast.
0:12:28 It serves you really well.
0:12:33 You get great grades or you’ll be successful in your career because you’re so like,
0:12:34 type A about it.
0:12:39 But you suck at just relaxing, chilling, enjoying, slowing down, being grateful,
0:12:43 being in the moment and not thinking constantly about planning for the future
0:12:46 or assessing the past and just being there.
0:12:49 And he goes, then there you have the type B person who we all characterize as like,
0:12:53 the guy who’s just, they’re just walking around, wandering through life, sniffing flowers.
0:12:55 Like, dude, you’re not getting ahead.
0:12:55 Where’s your savings account?
0:12:57 What’s your plan?
0:12:58 How are you going to get ahead?
0:13:00 You don’t have all your ducks in a row.
0:13:01 What you’re missing out.
0:13:08 And, you know, society basically, we reward the type A’s who, even if you’re high type A
0:13:13 and you suck at type B, it’s like, okay, it feels like you can always catch up,
0:13:15 even though in reality, you can’t.
0:13:19 And the type B person, we sort of look down, they almost seem lazy in a way.
0:13:21 It’s like, why aren’t you getting your act together?
0:13:25 You know, okay, you’re prioritizing your happiness too much almost.
0:13:27 You should be productive right now.
0:13:34 And I thought it was so true that people fall into these buckets as a cliche, as an oversimplification.
0:13:41 And it really highlighted to me how undervalued type B people are.
0:13:44 And I have a few type B people in my life where if you look at their resume
0:13:49 or you look at their series of accomplishments or how they spend their day,
0:13:51 and it just feels like, wow, you’re behind.
0:13:53 And then when you hang out with them, you’re like, wow, you’re ahead.
0:13:55 You’re the one who’s got this thing figured out.
0:14:01 And I think that one of the big mispriced assets is, do you know how to chill?
0:14:02 Dude, that’s such a type A thing.
0:14:04 Like, do you know how to chill and fuck out?
0:14:09 Did you just call it calmness, a mispriced asset?
0:14:10 Sure did.
0:14:14 You need to listen to your own advice, brother.
0:14:16 Good call.
0:14:20 I call cold-plush people and hot-tub people.
0:14:22 Cold-plush is like, you’re trying to optimize everything.
0:14:26 You’re trying to shock your nervous system and get your adrenaline pumping in the morning.
0:14:30 And hot-tub people are trying to hang out, have a beer, and kick it with friends.
0:14:33 And they’re happier than the cold-plush people.
0:14:38 And I think one of the things to really do is to take pride in being able to do both well.
0:14:45 Instead of trying to be a higher, higher achiever, working on being able to shift gears
0:14:48 and be able to have both gears and be able to do both well.
0:14:49 When did you see this post?
0:14:52 Because a lot of times people ask us these questions.
0:14:53 It’s just the most recent thing.
0:14:54 It’s always the most recent thing.
0:14:55 Yeah, this was last night.
0:14:56 Oh, wait, really?
0:14:59 That’s the question.
0:15:03 I said, one thing you’ve read recently that wowed you recently last night.
0:15:09 Which is, because I try, you do something interesting.
0:15:12 So whenever you go to some conference or anything, you’re always like,
0:15:15 I took these notes on lessons I learned.
0:15:17 And I suck at that.
0:15:23 And so I was curious if this is something that you saved from a year ago and you’re still contemplating.
0:15:26 Dude, I have a Slack channel called Golden Nuggets that is like,
0:15:29 it’s a conversation with me, myself, and Irene.
0:15:31 Dude, it is the longest conversation.
0:15:34 It is all just little tiny nuggets that I pick up from people.
0:15:37 When Gary Tan was on the podcast, for example, I go here and I write.
0:15:37 He had this great line.
0:15:42 He goes, at some point you realize it’s all made up, but you get to make it up.
0:15:47 I was like, man, this is such a powerful, simple way of explaining a lot of life.
0:15:48 It’s all made up.
0:15:49 These are all stories we tell ourselves.
0:15:50 The rules are made up.
0:15:52 But you get to make it up.
0:15:55 You get to make up the story you tell yourself about yourself,
0:15:57 about the world, about how your life’s going to go.
0:16:02 I think Gary Tan was a top 10, maybe top five person we’ve ever talked to.
0:16:07 Yeah, well, that’s a good question because one of these in here, let me find it.
0:16:07 Here we go.
0:16:10 Jason from Detroit wants to know a similar thing.
0:16:13 He says, fellas, I was looking at the numbers recently.
0:16:16 You’ve hit 600 plus episodes, 100 plus guests.
0:16:20 I have to ask you, who is on the Mount Rushmore for MFM?
0:16:21 The number one thing you learned from them.
0:16:23 And PS, I don’t want to hear.
0:16:24 I love them all.
0:16:25 I can’t pick favorites.
0:16:27 I need you to Dion Sanders it.
0:16:29 PS, PPS.
0:16:31 Did you know that Dion Sanders publicly ranks his kids?
0:16:32 Check it out.
0:16:36 And he linked us to an article where Dion Sanders is ranking his kids.
0:16:38 Shiloh has moved up.
0:16:41 Dude, Dion Sanders Jr. is number one.
0:16:43 Yeah, as you should be.
0:16:45 That’s insane.
0:16:47 Four Dion Sanders, number five.
0:16:49 What?
0:16:52 Shador Sanders, who’s the quarterback of his team.
0:16:55 Number four out of five.
0:16:56 Not doing so hot.
0:16:57 What a weirdo.
0:17:01 Okay, well, I guarantee hands up there, but that’s like a recent one.
0:17:02 So I try actually to stay away.
0:17:03 I’ll go.
0:17:04 Let me tell you mine really quick.
0:17:05 Dude, they’re all brown dudes.
0:17:09 I just realized Darmash, Manish, and Syed.
0:17:13 I guess Syed’s not Indian, but two out of the three are Indian,
0:17:14 which is pretty funny.
0:17:16 Darmash is amazing to me.
0:17:18 Darmash proves that you can be aggressive
0:17:20 while still being calm and nice.
0:17:23 Darmash is like shockingly aggressive towards life.
0:17:24 Do you know that about him?
0:17:26 Darmash, he’s the co-founder of HubSpot.
0:17:29 Cut to the ad.
0:17:34 Hey, let’s take a quick break to talk about another podcast
0:17:35 that you should check out.
0:17:36 It is called The Next Wave.
0:17:38 It’s hosted by Matt Wolf and Nathan Lanz
0:17:40 as part of the HubSpot podcast network,
0:17:42 which of course is your audio destination
0:17:43 for business professionals like you.
0:17:45 You can catch The Next Wave with Matt Wolf,
0:17:47 and he’s talking about where the puck is going
0:17:49 with AI creators, AI technology,
0:17:51 and how you can apply it to your growing business.
0:17:52 So check it out.
0:17:55 Listen to The Next Wave wherever you get your podcasts.
0:17:59 All right, we’re back.
0:18:03 Darmash is a billionaire, maybe a multi-billionaire.
0:18:03 I don’t know.
0:18:06 He started HubSpot, which is like a $30 billion company,
0:18:07 and he’s been on two to three times.
0:18:10 I think he’s coming on next week or in a few weeks.
0:18:11 He’s super aggressive about life,
0:18:14 but he comes off like a really nice guy
0:18:16 and calm and easygoing.
0:18:19 And like, he is calm and easygoing,
0:18:21 but he’s very aggressive about life, and I love that.
0:18:23 What do you mean aggressive about life?
0:18:25 That’s a phrase.
0:18:26 Tell me what that means.
0:18:29 So if you ask him about his background,
0:18:32 he grew up poor in India, and he was like,
0:18:34 “I wanted to be the best because I wanted to prove
0:18:36 that I was capable of achieving,
0:18:38 and I also didn’t want to have nothing,”
0:18:39 which is what I originally had.
0:18:42 So he’s like, “I wanted to be great at ping-pong,
0:18:43 and so I studied ping-pong,
0:18:45 and I was the best at the school I went to.”
0:18:48 Or he was like, “Someone told me that when I moved
0:18:51 to America that apparently what these people do
0:18:52 is they go play golf in order to meet clients
0:18:54 and take care of clients.”
0:18:56 And he’s like, “I’m a 23-year-old guy
0:18:57 who moved here from India.
0:18:58 I don’t even know what golf is.”
0:18:59 But then someone else said,
0:19:00 “Well, if you can’t do that,
0:19:02 just buy everyone’s dinner as much as possible.”
0:19:06 And so he has paid for 100% of the dinners
0:19:08 that he’s ever gone out to for everyone.
0:19:10 Did I tell you that story?
0:19:10 No.
0:19:11 Dude, I go out.
0:19:13 It’s a good dinner. He paid, sure enough.
0:19:14 I went out to dinner with him,
0:19:18 and it was me, Nick Ray, Neville, and Darmesh.
0:19:20 Darmesh walks to the bathroom at the end.
0:19:21 Nick Ray goes, “Watch this.”
0:19:23 He runs, and he pays for it.
0:19:25 Darmesh sits down, and Nick goes, “My treat.”
0:19:26 Darmesh stands up.
0:19:27 He goes, “This is unacceptable.
0:19:29 I’m sorry. I can’t — hold on.
0:19:30 I’ll tell you in a minute.”
0:19:32 And he runs to the back of the kitchen.
0:19:35 He makes him refund Nick Ray’s credit card,
0:19:36 and he gives his credit card.
0:19:38 And he comes back, he goes, “Let me tell you a story.
0:19:40 You know, when I came here from India,
0:19:41 I didn’t know how to play golf.
0:19:42 Someone told me to buy dinners.”
0:19:44 So I committed at that age of 22
0:19:47 to 100% of the time, paid for everyone’s dinner.
0:19:49 And I have done this — maybe he’s 55 now.
0:19:51 He goes, “I’ve done it for 25 plus years.
0:19:53 And so by you paying for dinner,
0:19:56 I will not allow you to break that thing.”
0:19:57 And I go, “Have you really done it?”
0:19:59 He goes, “Dude, I’ve done it so much.
0:20:01 That one time, we went out to —
0:20:04 I went out to eat with just like me and Brian of HubSpot.
0:20:05 And like, apparently, there was a company there
0:20:09 at a company outing who saw us and bought our dinner
0:20:11 as like a thank you because we use HubSpot, whatever.”
0:20:13 And so Darmesh was like, “I didn’t have a lot —
0:20:15 that much money, but we were kind of new.”
0:20:16 But we paid their 15 —
0:20:17 He’s like, “We sued them the next morning.”
0:20:21 He goes, “Dude,” he goes, “We paid their $15,000 dinner bill
0:20:24 because I refused to have that streak broken.”
0:20:27 And so Darmesh is very aggressive about life.
0:20:29 He started — he wanted to teach his kid how to program.
0:20:31 So they made an online video game that, you know,
0:20:33 makes a million dollars a year or something crazy.
0:20:35 Like, it’s like hugely popular.
0:20:36 He’s very aggressive about life.
0:20:38 But if you go and hang out with him, he’s gentle.
0:20:38 He’s soft.
0:20:40 He’ll let you do all the talking.
0:20:43 And so I would say Darmesh is one of my biggest inspirations.
0:20:44 What about yours?
0:20:45 Classic, gentle, giant.
0:20:47 Hard to pick.
0:20:48 My — it’s funny, though.
0:20:51 My Mount Rushmore of Yes has really nothing to do with their episode.
0:20:54 And it’s just what impression they left on me
0:20:56 or what I took away from them
0:20:59 that may not have even been a remarkable episode.
0:21:00 Maybe they didn’t tell the best stories
0:21:04 or have the best ideas right off the bat.
0:21:06 So here’s a couple of mine.
0:21:09 Mine might all fall into the bucket of people
0:21:10 who are playing their own game.
0:21:14 So I really, really admire probably more than anything else,
0:21:16 somebody who takes the time to define
0:21:20 how they want to play the game of life,
0:21:21 what their rules are, what their goals are,
0:21:24 what their code is that they live by.
0:21:25 And then, of course, succeed in doing it.
0:21:28 And the result is that they are both happy and successful.
0:21:30 Because, you know, one without the other
0:21:31 is sort of the ultimate failure.
0:21:33 Ryan Holiday comes to mind.
0:21:34 I don’t even — I couldn’t tell you one thing he said
0:21:35 when he was on the podcast.
0:21:37 Dude, you’re Ryan’s cool shit.
0:21:39 Since then I’ve followed Ryan.
0:21:41 I was like, man, I really appreciate this dude.
0:21:43 He seems — he was —
0:21:44 I think the only thing I remember on the podcast,
0:21:46 I told him, I go, you are one of the —
0:21:49 kind of like mentally well or something.
0:21:51 I was like, you seem like one of the most well-balanced,
0:21:55 like, grounded people that’s ever come on this podcast.
0:21:57 You just seem like genuinely happy and content.
0:22:00 And it just comes through in his vibe.
0:22:03 You know, for example, instead of getting money
0:22:04 and being like, now, how do I —
0:22:06 like, the question we had earlier,
0:22:08 how do I parlay this into a private equity thing
0:22:09 and make more money off of it?
0:22:10 He did the thing that he really wanted.
0:22:13 He bought his own bookstore and made an awesome bookstore.
0:22:15 And he’s like, a bookstore is a terrible investment.
0:22:17 But like, he bought a bookstore.
0:22:18 At the top, he built his office.
0:22:19 At the bottom, he’s got a bookstore.
0:22:21 Why? Because he absolutely loves books.
0:22:23 He loves the vibe of a bookstore.
0:22:27 So every day, he gets to bask in the glory,
0:22:28 the vibe of his investment.
0:22:29 Whereas I put something in the stock market,
0:22:31 it’s just a number on the screen somewhere.
0:22:33 And there’s these clips of every time
0:22:35 he has somebody come on the podcast,
0:22:37 they record upstairs and on the way out,
0:22:39 he gives — he just starts handing the books.
0:22:39 He’s like, have you read this?
0:22:41 They’re like, no, he’s like, oh, my God, you got to read this.
0:22:44 Here, let me earmark the page where you’re going to love.
0:22:45 This book, okay, this is their famous book,
0:22:47 but actually this book is better.
0:22:48 And he just leaves them.
0:22:50 They walk out like it’s a library.
0:22:52 And they got like, you know, six books.
0:22:54 And I just love Ryan Holiday’s approach.
0:22:55 He did that with me.
0:22:58 And I think it was literally $1,000 of books.
0:23:01 Like it was like a year’s worth of reading.
0:23:02 But he’s the man.
0:23:03 I don’t know too well, but he’s got his ranch.
0:23:04 He’s got his family.
0:23:07 He’s got — he spends his days doing what he loves,
0:23:10 which is reading and writing and exploring ideas.
0:23:11 He’s tremendous.
0:23:14 You know, everybody I know who’s met him respects him.
0:23:16 And it just seems like he’s living life on his own terms.
0:23:17 He’s not playing somebody else’s game.
0:23:20 Do you know how many books he’s written, by the way?
0:23:21 How many books he’s published?
0:23:23 I would guess like seven or eight.
0:23:24 15.
0:23:26 Yeah, he’s prolific.
0:23:27 And he writes a daily email.
0:23:29 I don’t know how he’s like this prolific.
0:23:30 He’s the man.
0:23:31 My buddy Billy works for him.
0:23:33 And you can get a good sense of how somebody is
0:23:35 when you talk to somebody who works under them.
0:23:36 It has for years.
0:23:37 And he’s got, you know, nothing but good things to say.
0:23:39 So anyways, run holidays up there.
0:23:40 Jesse Yitzler was kind of like that.
0:23:43 I really admire the student’s variety.
0:23:47 So doing, you know, from rapper to starting a jingle company
0:23:50 and selling that to starting a private jet chair company
0:23:51 and selling that to Warren Buffett,
0:23:53 to creating a coconut water brand,
0:23:56 to creating now a pickles brand, creating a running brand.
0:23:59 But he just takes the things he loves.
0:24:02 It’s — he is — his business is him pushed out.
0:24:03 He loves running.
0:24:04 He creates the running club.
0:24:06 He creates the Everest thing
0:24:07 where you run up and down this mountain
0:24:09 until you’ve run as many miles as Everest.
0:24:11 He just seems to have taken his passion.
0:24:13 And instead of wearing his heart on his sleeve,
0:24:16 he just like manifested it through the world of business.
0:24:17 I think that’s really cool.
0:24:19 Creative dude seems like a lot of fun.
0:24:20 And I like some of his other things,
0:24:22 like having a misogi for the year
0:24:25 or how he — his little three C’s thing that I stole
0:24:27 where he’s like, “Yeah, every day I take 10 minutes.”
0:24:31 And it’s a compliment, a congratulations, or a —
0:24:35 what’s it called when you’re like consolation
0:24:37 for somebody when they’ve gone through something?
0:24:37 Yeah.
0:24:39 He just thinks of who in my life
0:24:40 deserves one of those right now,
0:24:42 who deserves some congratulations, a compliment,
0:24:44 or being consoled.
0:24:46 And he texts that out.
0:24:48 It’s a very easy way to build amazing relationships in life.
0:24:52 I’m doing his 20 — it’s called 29029.
0:24:55 It’s the Everest — it’s Everest thing.
0:24:56 You doing it?
0:24:58 Yeah, I was invited to —
0:25:00 his partner I became friends with,
0:25:01 and he was like, “Pick which one you want to go.”
0:25:04 And so I got Sarah signed up for it,
0:25:06 and we have to pick the date.
0:25:07 But yeah, it sounds awesome.
0:25:09 Dude, it’s really popular, by the way.
0:25:11 It’s also really expensive,
0:25:13 and they’re all always sold out.
0:25:14 As it should be.
0:25:16 The last one I had is Mike Poser on “My Little Mount Rushmore,”
0:25:18 which I don’t think that episode’s come out yet,
0:25:21 but he said a couple of things that stood out to me,
0:25:24 but the biggest one is just an operating philosophy
0:25:25 for any creator.
0:25:29 You know, he — his first song was a hit,
0:25:31 whatever, 5X Platinum.
0:25:34 His second song was a little disappointing,
0:25:35 only 3X Platinum.
0:25:37 His third song, only 1X Platinum,
0:25:38 felt like total failures.
0:25:41 And every time he went to the studio trying to make a hit,
0:25:43 he goes, “I only succeeded in making something
0:25:44 that I hated and nobody else loved.”
0:25:47 When I went in trying to make a hit that everybody would love,
0:25:49 all I made was something that everybody else hated,
0:25:51 or something that I hated.
0:25:53 And also, because I hated it, everybody else hated it, too.
0:25:56 And he goes, “Now my philosophy is very simple.
0:25:58 I just do what’s cool to me,
0:26:00 and every once in a while, the whole world agrees.”
0:26:04 And I just thought that is a wonderful banner cry
0:26:07 for a creator, an artist, is to say,
0:26:08 “I just make what’s cool to me,
0:26:10 and sometimes the whole world agrees.”
0:26:14 Yeah, he — that documentary he has
0:26:15 where he walks across the country,
0:26:17 that was — or it’s like a music video, actually.
0:26:17 Or is it a music video?
0:26:18 It’s like a 10-minute video.
0:26:20 So good.
0:26:21 He’s very inspiring.
0:26:23 Yeah, go watch the music video for Move On.
0:26:25 Is that the —
0:26:26 That’s the song, yeah.
0:26:28 It feels like a documentary,
0:26:29 because, like, there’s so much talking in it,
0:26:31 but — or, you know, a 10-minute one.
0:26:31 That’s pretty badass.
0:26:32 All right, which one should we do?
0:26:35 Let’s go to this one.
0:26:36 Isaac from Maryland says,
0:26:38 “I just started training boxing.
0:26:39 Thanks for the inspiration.
0:26:40 And I took my first liver shot.”
0:26:41 Wow, son of a gun.
0:26:44 It feels like somebody hit the off button on my body.
0:26:45 And I thought about it later,
0:26:46 and I started thinking,
0:26:48 “What’s the equivalent of a liver shot in business?”
0:26:50 We all know that a punch to the jaw
0:26:51 is the thing that’s supposed to knock you out,
0:26:54 but sometimes it’s the sneaky liver shot that gets you.
0:26:56 I told my wife about this idea, and she says,
0:26:57 “That sounds like something stupid
0:26:59 that your friends on that stupid podcast
0:27:00 would talk about.”
0:27:01 So, let’s have it, boys.
0:27:03 What’s the liver shot of business?
0:27:05 Tell me if you’ve felt this before.
0:27:06 You’re having a problem in your company,
0:27:09 and you think, “I have found this one person
0:27:10 that’s going to change everything.
0:27:13 Everything’s going to be better
0:27:15 because I’ve hired this one person.”
0:27:19 I think in — have I ever had a situation —
0:27:20 Okay, so maybe that could happen.
0:27:22 I don’t think I’ve ever had a situation
0:27:25 where my expectations have been lived up to.
0:27:26 And —
0:27:27 [ Laughter ]
0:27:28 Wait, what did you just say?
0:27:30 You’ve never had a situation
0:27:31 where your expectations have been lived up to?
0:27:32 When my life —
0:27:33 No!
0:27:36 When my expectation is that this person
0:27:38 is going to be the silver bullet.
0:27:39 Oh, yeah, yeah, yeah.
0:27:41 They’re never lived up to.
0:27:42 And it’s not their fault.
0:27:44 They could be fantastic.
0:27:47 But, like, whenever I’ll buy into someone so much,
0:27:50 and they’ll do, like, one thing
0:27:52 that, like, kind of is a bummer to me,
0:27:52 and then I’m like,
0:27:55 “What else is there that you’re going to do?”
0:27:56 And then, like, another thing happens.
0:27:57 So this is homeopathic medicine?
0:27:58 Yeah.
0:28:00 [ Laughter ]
0:28:01 It’s nothing chural.
0:28:02 You get —
0:28:04 Yeah, it’s like, I have to try.
0:28:08 It’s so — yeah, I have felt that so many times,
0:28:09 and I’ve always made —
0:28:11 I make that mistake consistently,
0:28:12 where I buy into someone.
0:28:14 You know, like, when you’re, like, in high school
0:28:15 and you’re, like, seeing a girl,
0:28:17 or, like, a girl, you got to crush on so much,
0:28:19 and like, she finally gives you, like, the chance.
0:28:20 And you’re like, “Every life is perfect.
0:28:22 I have crossed the threshold.”
0:28:22 And, like, it never ends.
0:28:23 But she’s the pointy elbows.
0:28:27 Yeah, or, like, her, like, her ring toe
0:28:29 is, like, bigger than, like, her big toe.
0:28:29 You know what I mean?
0:28:31 [ Laughter ]
0:28:32 Like, uh…
0:28:33 Dude, I hate that for real.
0:28:35 [ Laughter ]
0:28:37 I know it’s out of their control,
0:28:38 and I think, like, 30% of the population
0:28:40 has that thing where one toe’s longer than the other.
0:28:42 But it’s disgusting to me.
0:28:43 [ Laughter ]
0:28:45 Have you seen Shallow Hal, where, like,
0:28:48 he — it’s, like, this ugly dude,
0:28:50 dates, like, a 10 out of 10 model,
0:28:52 but her toe is, like, that, so he breaks up with her?
0:28:56 [ Laughter ]
0:28:58 Only on this podcast will you get a Warren Buffett quote
0:28:59 and a Shallow Hal quote.
0:29:01 It’s the same — it was in five minutes.
0:29:04 Do you know who makes an appearance in Shallow Hal is, uh…
0:29:05 Tony Robbins.
0:29:06 Tony Robbins.
0:29:07 He’s, like, the whole point in the movie.
0:29:10 Like, he convinces Jack Black to only see people’s inner beauty.
0:29:13 So now he only sees people — it’s pretty funny.
0:29:14 I love that movie.
0:29:15 I think it’s a great movie.
0:29:19 Getting — my gut punches, like, being let down by people,
0:29:22 which is, frankly, I’m 100% to blame for that.
0:29:23 Right, right.
0:29:26 Uh, mine is actually just having a health issue,
0:29:27 either you or someone, you know,
0:29:29 really close to you when you’re running a startup,
0:29:34 ’cause the day before, everything felt level 10 important,
0:29:36 and this was the most important thing in the world.
0:29:36 We’re on a mission.
0:29:37 We’re at war.
0:29:39 This is — this is everything.
0:29:42 And then as soon as you have a health — a real health issue,
0:29:44 um, there’s that phrase, you know,
0:29:47 a man has 1,000 problems until he has a health problem,
0:29:48 then he only has one problem.
0:29:49 Yeah.
0:29:50 And it’s so true.
0:29:53 Like, the liver punch in business is when you have a real life scare,
0:29:57 and you’re like, wow, I feel so stupid for having just spent,
0:30:01 like, caring so much about these stupid KPIs and metrics
0:30:03 and dialing the knobs and optimizing this funnel.
0:30:05 It’s like, dude, honestly, who gives a shit?
0:30:08 So it is the — the one thing that really just shook me out
0:30:09 of the delusion of, like,
0:30:13 business felt like everything to me until that happened.
0:30:15 That was my love — my liver punch.
0:30:17 I always feel that way whenever I have a nurse treat me.
0:30:19 Like, you know, like, nurses —
0:30:21 Oh, you’re like, this is a real job?
0:30:23 Dude, they’re like the tugboats of World War —
0:30:25 you know, like, tugboats, like,
0:30:28 are — like, have, like, helped us win World War II.
0:30:30 Like, the tugboats worked their asses off
0:30:31 to get these ships out there.
0:30:32 But they’re the unsung heroes.
0:30:34 You know, no one, like, gave tugboats love.
0:30:35 Tugboats are busy.
0:30:36 What does the tugboats do? I don’t know this.
0:30:39 So, uh, during World War II, we were, like,
0:30:41 building ships like crazy.
0:30:43 Or I’ll give you a better analogy.
0:30:43 Uh, 9/11.
0:30:46 During 9/11, uh, you know what tugboat is?
0:30:47 Like, uh, a tugboat’s like a —
0:30:47 Not really.
0:30:49 Is it a tiny boat that pulls boats?
0:30:51 So, when you — let’s say you have a cruise ship.
0:30:54 When a cruise ship comes into a relatively small place,
0:30:56 like, for example, when a cruise ship is going to dock
0:30:59 in San Francisco, you need a tugboat to go out and get it
0:31:03 and, like, drag it and place it perfectly where it goes.
0:31:05 But they’ve been the unsung heroes for many occasions.
0:31:07 So, for example, during World War II,
0:31:09 we were building ships like crazy and getting them out there.
0:31:11 These fucking tugboats were working their asses off.
0:31:12 And they, like —
0:31:14 And, like, the tugboat operators were, like, performing miracles.
0:31:15 Same with on 9/11.
0:31:16 On 9/11, it was, like, the tugboats
0:31:18 that were getting people off the island of Manhattan.
0:31:20 Uh, to, like, Brooklyn or whatever.
0:31:22 And, uh, nurses are, like, tugboats.
0:31:24 Like, you forget about a nurse.
0:31:26 Like, or you think you kind of dismiss a nurse as, like —
0:31:28 Yeah, you go to the hospital for the doctor.
0:31:29 That’s the doctor who’s the most important.
0:31:31 And then you, like, a nurse will come and, like,
0:31:33 give you Advil or, like, give you a popsicle and, like, soothe you.
0:31:36 And you’re, like, you’re so much more important.
0:31:38 A, you’re more important than the doctor, maybe.
0:31:39 And, B, you’re more important than my fucking job.
0:31:42 Like, it’s not even close.
0:31:43 100%.
0:31:43 100%.
0:31:46 All right, let’s do another one.
0:31:47 You pick one off here.
0:31:52 If you could shadow anyone for a week to learn how they operate,
0:31:54 who would it be and why?
0:31:55 All right.
0:32:00 I would split it between either somebody who’s hyperproductive,
0:32:02 which might as well go for Elon,
0:32:04 because there’s all these myths about Elon.
0:32:05 And I just want to see it for myself.
0:32:07 I want to see what’s the real deal.
0:32:09 How is this guy running four companies
0:32:11 and playing Diablo at night and got 11 kids?
0:32:13 And, like, I want to actually follow this guy
0:32:15 and see what’s going on.
0:32:15 What’s Diablo?
0:32:18 What is Diablo?
0:32:19 It’s a game, video game.
0:32:20 Okay.
0:32:24 He’s, like, streaming on X at night.
0:32:27 Like, the same night, you know, they catch the starship, right?
0:32:30 They catch the heaviest rocket ever with, like, these chopsticks.
0:32:32 Then the same night, he’s playing Diablo
0:32:34 for, like, four hours on stream,
0:32:36 and he’s, like, doing, like, a high-level raid.
0:32:37 It’s pretty wild.
0:32:39 In the same way that, do you know this?
0:32:41 LeBron James recently screen shadowed this thing out
0:32:44 that he was a top 100 ranked Madden player,
0:32:46 or, like, he reached rank 100, which is, like, the top rank.
0:32:47 No way.
0:32:49 And that’s going to be one of the most played games
0:32:50 in the world, right?
0:32:52 Yeah, it doesn’t mean he’s a top 100 player,
0:32:55 but it means he, he still reached the top rank
0:32:57 of the people who were playing competitively at that moment.
0:32:58 That’s still impressive.
0:32:58 It doesn’t matter.
0:32:59 Still impressive.
0:33:01 Or, like, you know, we’ve told the story
0:33:03 about Travis Kalanick being the number two or three
0:33:05 We Tennis player in the world.
0:33:06 Luca Donchich, who’s, like,
0:33:08 one of the best basketball players in the world.
0:33:10 He’s a, he’s a top 100 Overwatch player.
0:33:12 I played a lot of Overwatch.
0:33:13 This is insane.
0:33:14 It’s insane that this guy…
0:33:15 What’s Overwatch?
0:33:16 Is that a war game?
0:33:19 It’s a first person shooter, or I don’t know what you’d call it.
0:33:20 It’s, like, a team first person shooter or whatever.
0:33:23 And he’s the best, or one of?
0:33:25 He’s a, he’s a grandmaster player.
0:33:27 And he reached top, I think it was top 500,
0:33:29 which is the, the, the, they don’t do top 100.
0:33:31 They do top 500.
0:33:33 And Luca was in the top 500.
0:33:33 It’s insane.
0:33:35 Like, I can’t believe it.
0:33:36 And people are like, “Oh, well, these guys are their athletes.
0:33:38 They have a lot of time to play video games,
0:33:39 a lot of downtime when their bodies are…
0:33:40 It’s still ridiculous.
0:33:41 I don’t give a shit, dude.
0:33:42 I was playing Overwatch, you know,
0:33:44 three hours a day for, like, you know, two years.
0:33:46 I couldn’t even break, you know, bronze.
0:33:48 This is incredible, how he did that.
0:33:51 I think I want to…
0:33:51 All right.
0:33:54 So did you read that New York Times article on Alex Karp?
0:33:57 I didn’t read it, actually, but a bunch of people recommended it.
0:33:58 What did it say?
0:33:59 So he’s the CEO of Palantir.
0:34:00 What did it say?
0:34:02 Alex Karp is the CEO of Palantir.
0:34:05 Palantir is, like, an almost $100 billion company.
0:34:08 And they’re kind of controversial because they typically have
0:34:11 a libertarian to Republican lean culture in Silicon Valley.
0:34:13 That’s, like, not common.
0:34:14 And he’s also, like, a freak.
0:34:19 And so he’s a freak because he grew up, like, in Germany, I believe.
0:34:21 And he says ridiculous stuff.
0:34:24 So he’s, like, I’ve got some…
0:34:26 I think he said I got a Jewish mom and a black dad.
0:34:28 I can get away with anything.
0:34:30 Like, he says, like, silly things like that.
0:34:32 Or he’ll be, like, the only time I’m not…
0:34:35 He said this on, like, a quarterly earnings call.
0:34:37 He’s, like, the only time I’m not thinking about Palantir
0:34:40 is when I’m out cross-country skiing or having sex.
0:34:41 Like, he just, like, kind of, like, says,
0:34:43 like, ridiculous stuff like that.
0:34:45 But he’s just, like, a weirdo.
0:34:47 And I really like this.
0:34:49 He was raised in Germany.
0:34:51 He went to school as a philosophy major.
0:34:54 Peter Thiel and him used to argue all the time in debate.
0:34:57 Peter Thiel’s right of center, Alex Karp is left of center.
0:34:59 And so they had opposite politics.
0:35:01 And he said in the article that they would argue,
0:35:02 like, ravenous animals.
0:35:04 And because of that, they fell in love with each other.
0:35:07 And Peter Thiel and Jo Lansdale came to Karp
0:35:09 with this idea for Palantir.
0:35:13 And he was the perfect person to lead and run the company.
0:35:16 And so he just tells, like, 25 years of stories
0:35:17 in the New York Times article.
0:35:20 Because this is his moment, the company 25 years old,
0:35:22 that they are finally, like, the top dog.
0:35:23 And he tells all these crazy stories.
0:35:25 And he’s just quirky and weird.
0:35:26 And I love that.
0:35:30 The article starts, “Alex Karp never learned to drive.”
0:35:33 His quote, “I was too poor, and then I was too rich.”
0:35:38 The picture is him wearing pink socks at his New Hampshire home,
0:35:40 just, like, sort of, sitting in his–
0:35:41 Everything about him is weird.
0:35:43 Everything you just said about that is, like,
0:35:44 different and strange.
0:35:44 Keep going.
0:35:47 I’m Jewish, racially ambiguous, dyslexic.
0:35:48 So I can say anything.
0:35:49 Yes.
0:35:51 Okay, wow.
0:35:54 He’s just quirky, man.
0:35:56 He’s really funky.
0:35:57 So you want to follow this guy
0:35:59 because you think he’s a genius?
0:36:01 Or you just think this guy’s a weird–
0:36:03 a weirdo, and you just want to see it up close?
0:36:04 All the above.
0:36:05 And he’s living in his own world.
0:36:09 I have friends that who report to him at Palantir,
0:36:11 and they love him.
0:36:13 Like, this is one of those stories where you said,
0:36:15 similarly, to Ryan Holiday, where you talk to people
0:36:16 who work for him.
0:36:16 They all love him.
0:36:19 They have jokes, and I think they reference it in the article.
0:36:21 They call him Papa Karp or Daddy Karp.
0:36:26 Like, they, like, revere him, like, this wise, like, sage guy.
0:36:28 Yeah, okay, this guy’s pretty fascinating.
0:36:30 Okay, so Alex Karp would be your pick?
0:36:31 Easy.
0:36:32 Nice.
0:36:36 All right, a quick break.
0:36:38 I know that if you’re listening to my first million,
0:36:39 that means you love numbers.
0:36:42 Well, I’ve got a new podcast called Money Wise.
0:36:43 And the premise is simple.
0:36:45 We talk to high net worth people,
0:36:49 so people who have somewhere between $50 to $500 million.
0:36:50 And we start with simple premise,
0:36:54 which is tell me exactly how much money you have,
0:36:55 how much money you make every month,
0:36:57 what your portfolio looks like,
0:36:59 how much money you spend every month,
0:37:01 and every other bit of information
0:37:04 that involves your net worth and your spending.
0:37:08 And the reason we do this is because I want to demystify money.
0:37:10 So we just had this woman named Anne,
0:37:14 who has a $94 million portfolio after selling her business,
0:37:16 and she spends $360,000 a month,
0:37:17 and she talks about where the money is,
0:37:19 and what she spends it on,
0:37:20 and why she spends that much,
0:37:21 and if it makes her happy or not.
0:37:23 And then we dive deep on different topics,
0:37:26 like children, buying versus renting, giving money away.
0:37:28 We basically are having a conversation
0:37:30 that I see a lot of rich people having behind closed doors.
0:37:31 We do it publicly.
0:37:32 So check it out.
0:37:33 It’s called Money Wise.
0:37:36 And you can find it wherever you get your podcasts.
0:37:38 I would either do someone super productive like Elon,
0:37:41 or somebody super creative like the creators of South Park.
0:37:44 That documentary, Six Days to Air, is one of my favorite…
0:37:46 – One of miserable life. – …things to watch.
0:37:48 – How hard is that life? – I don’t want to be either of them.
0:37:50 Both of them play the game on absolute hard mode.
0:37:53 But if I want to break my frame,
0:37:55 I’m not going to hang out with people
0:37:58 who have exactly what I feel comfortable with.
0:38:01 I want to hang out with people who play the game at level 12,
0:38:03 so I know what the hell level 12 is.
0:38:04 And then I’ll just be like,
0:38:05 “What the hell level 12 is?”
0:38:07 And then I’ll dial it back to eight or nine,
0:38:09 which is where I like to stay in that range.
0:38:11 But you don’t even know what an eight or nine is,
0:38:13 unless you’ve seen what the extreme is.
0:38:15 So I want to see the extreme of productivity
0:38:17 and the extreme of creativity.
0:38:19 Yeah, man, that documentary is amazing.
0:38:21 Basically, for those who haven’t seen it,
0:38:23 I think it’s on YouTube for free.
0:38:25 South Park, which has been around for 25 years,
0:38:27 is basically two guys, Matt and Trey,
0:38:30 they come up with an entire 30-minute episode in Six Days.
0:38:33 So from idea to it being live is Six Days,
0:38:34 and they do that every single season
0:38:36 and they’ve done for 25 years.
0:38:37 Which is unheard of.
0:38:39 That timeline is unheard of.
0:38:42 Most animated shows would be like, you know,
0:38:43 sort of like a…
0:38:45 Family Guy is nine months.
0:38:47 Six to nine months, 12 months, that’s like normal.
0:38:50 Six days just breaks your brain of how do you do that.
0:38:52 And the way they do that is they’re like…
0:38:56 It’s like Monday, we’re pitching ideas,
0:38:57 and then we grab the idea.
0:38:59 The animators start drawing.
0:39:00 We go into the studio.
0:39:01 We start doing the voices
0:39:03 so that the animators have the dialogue.
0:39:05 We’re working out the jokes as we go.
0:39:06 It’s crazy.
0:39:07 They also do that with SNL.
0:39:10 By the way, I saw this interview with him recently.
0:39:12 So you won’t…
0:39:13 I don’t know if you will know this,
0:39:15 but I lived in Denver and that’s where they’re from.
0:39:17 And there’s this restaurant that’s famous there
0:39:18 called Casa Bonita.
0:39:19 Do you know about this Casa Bonita story?
0:39:22 Dude, they bought it and it’s amazing.
0:39:23 Do you know what it is first?
0:39:25 What’s it like?
0:39:26 I know it’s in this TV show.
0:39:27 I watch it at the show all the time.
0:39:28 It was a joke in the show
0:39:30 where it was like Cartman wanted to go there
0:39:32 and it’s like, is it Mexican, I guess?
0:39:34 And there’s people jumping off cliffs into pools
0:39:36 and there’s like, all you can eat Mexican food.
0:39:39 Imagine you walk in to the biggest rainforest cafe
0:39:40 you’ve ever seen.
0:39:42 So you walk in and it feels like you’re in a cave
0:39:45 or some kind of like treasure hunt sort of situation.
0:39:48 But it says part rainforest cafe on steroids.
0:39:52 Part school lunch because you just grab a tray
0:39:54 and you walk down this…
0:39:55 It’s like Ikea.
0:39:57 You walk down this path and then there’s like…
0:40:00 These lunch ladies just put a slop on your tray
0:40:01 and the slop is the worst Mexican food
0:40:03 you’ve ever had in your life.
0:40:05 And then you get out till you finally exit the maze
0:40:07 where you got your slop on your tray.
0:40:11 And you sit down and now you’re at like this table
0:40:13 and there’s this huge restaurant
0:40:17 that has these like a giant indoor waterfall.
0:40:18 And then there’s a whole show that happens
0:40:21 with cliff divers and they’re diving into the water
0:40:21 and there’s like a…
0:40:23 It’s like a little play that’s happening.
0:40:24 So then you get Broadway.
0:40:26 So you get Broadway at the rainforest cafe
0:40:29 and like the craziest prison lunch you’ve ever had.
0:40:31 It’s like an experience.
0:40:33 It was dying and I guess it’s like a staple
0:40:35 for anybody who lives in that area.
0:40:36 It’s like a thing.
0:40:39 And you knew if it ever died, it would never come back
0:40:40 because the whole idea didn’t even make sense
0:40:42 in the first place.
0:40:44 So they bought it for like I think a couple million bucks.
0:40:46 And the guy said, he goes,
0:40:49 so you’ve since had to invest in like kind of turning it around.
0:40:49 I saw this.
0:40:52 He’s like, yeah, I invest a lot of money.
0:40:53 He goes, how much do you invest?
0:40:55 He goes, we put in about $40 million.
0:40:58 (laughing)
0:41:01 To rescue this restaurant, which is just insane.
0:41:04 And along the way, they filmed it
0:41:05 as they were trying to rescue this thing.
0:41:06 That turned into its own documentary.
0:41:09 And so just a crazy, crazy story.
0:41:11 It’s the food better.
0:41:13 The reviews on it are like still not good.
0:41:14 I don’t know.
0:41:16 I don’t want to hear any bad things about it.
0:41:17 I love those guys.
0:41:18 I love Casa Bonita.
0:41:20 I have a lot of memories from there as a kid.
0:41:22 And I love that these guys tried to…
0:41:24 Basically the same thing that the Fertitas did with the UFC
0:41:27 where they bought it for $2 million and then lost $40 million
0:41:28 trying to like build the brand.
0:41:30 They did that, but just with Casa Bonitas.
0:41:35 Dude, but yeah, I don’t know if the outcome is going to be the same,
0:41:36 but that’s pretty wild.
0:41:38 I mean, they’re like epically rich, those guys.
0:41:39 They’ve been…
0:41:41 Rich guys in restaurants, name a better combo.
0:41:42 Shit.
0:41:46 All right, we’ll do one more or is that it?
0:41:47 Let’s do this fatherhood one.
0:41:51 So Jeremy from Austin, okay, that’s maybe somebody you know.
0:41:52 He says, I’m a soon to be dad.
0:41:53 I’ve read all the books.
0:41:56 I’ll listen to the podcast, but I got to hear from the boys.
0:42:00 What advice was actually useful underlined for when you became a dad?
0:42:02 So we all get advice.
0:42:04 What was actually useful?
0:42:06 Dude, mine’s so much easier.
0:42:09 Yours is going to be like insightful and philosophical.
0:42:10 Here’s mine.
0:42:12 Mine was like so easy.
0:42:16 So it was called like the five S’s, but it really could just be like two.
0:42:22 So when a baby’s crying, zero to three months, you swaddle them super tight.
0:42:23 I was shocked at how tight you need to be.
0:42:23 Yeah.
0:42:26 You turn them tighter than you think you’re supposed to be doing.
0:42:27 Yeah.
0:42:28 Like you’re putting this thing in a straight jacket.
0:42:31 Like like child protective services need to be called.
0:42:35 Like that’s how like tight it feels like when you swallow these kids.
0:42:38 And then you hold them on their side when they’re crying and you lift them up in your ear
0:42:39 and you shush them.
0:42:42 But when you shush, it’s super loud.
0:42:43 Like I, they taught me how to do it.
0:42:45 I’m like, that’s going to hurt the baby’s ear.
0:42:47 And they’re like, no, this, I don’t know.
0:42:47 However, it works.
0:42:49 This is what they’re used to hearing.
0:42:53 You shush really loud in their ear and they quit crying after like 20 seconds.
0:42:56 So it was like the swaddle sideways shush.
0:42:57 That was very productive.
0:42:59 All right, that’s good.
0:43:02 I’ll tell you what doesn’t help first.
0:43:07 So when I, we got pregnant for the first time, it was like, oh, better get some sleep now.
0:43:09 That’s not how sleep works.
0:43:09 And that doesn’t do anything.
0:43:11 Don’t don’t do that.
0:43:12 Well, you can build it up with a bank.
0:43:16 If they wanted to say, what could you actually do before the kid comes, which is not much.
0:43:22 It’d be like, hey, just take this 15 pound dumbbell and curl it.
0:43:26 Just hold it in the curl and then try to do the rest of your life.
0:43:30 So now operate, you know, do your computer and like make food and do everything while
0:43:31 curling this thing.
0:43:33 Because that’s actually the only prep that would have actually helped.
0:43:38 I think the biggest prep is mental for, at least for the dad.
0:43:40 Here’s what I think are the three phases of fatherhood.
0:43:41 This is my bit.
0:43:41 I’m working on it.
0:43:42 I’m working on a bit here.
0:43:43 All right.
0:43:45 The three phases of fatherhood are, I want kids.
0:43:48 That’s phase one.
0:43:48 I want kids.
0:43:48 Yeah.
0:43:49 I want kids.
0:43:50 Hell yeah.
0:43:54 And then phase two, which is when you’re pregnant and the baby’s coming.
0:43:56 I want kids.
0:43:57 Dot, dot, dot, right?
0:43:59 Yeah, it’s scary.
0:44:01 Now, and that’s phase two.
0:44:05 And then phase three, which comes, you think it’s supposed to come when the baby’s born,
0:44:07 but it will not for most people.
0:44:13 It comes like 12 to 18 months later is, I can’t live without kids.
0:44:14 And then that’s where you will get to.
0:44:15 That’s the third phase.
0:44:17 It does come, have faith.
0:44:21 And so totally normal to have the initial, I want this,
0:44:24 then the questioning and the doubt and the panic, the freak out.
0:44:28 Then the initial anti-climatic thing where the baby’s an inanimate object
0:44:30 and you’re kind of useless as a dad.
0:44:31 You’re kind of just helping the mom.
0:44:33 You don’t feel too much.
0:44:35 That was at least my, it was my experience.
0:44:37 And that’s, you’re kind of concerned.
0:44:39 You’re like, wait, do I not have a soul?
0:44:41 Why don’t I feel what I’m supposed to feel about this kid?
0:44:45 And then at sort of 12 to 18 months, once they start to like smile and laugh or,
0:44:47 you know, crawl, like do things like that.
0:44:49 Then you’re able to, then it turns around and you’re like,
0:44:51 I can’t imagine life without kids.
0:44:56 I probably spoke to 30 guys before I had my kid and I was like, what should I expect?
0:45:01 And I asked all of them a very like blunt question, but they all understood what I meant,
0:45:05 which was, did you love her right away or did you love the baby right away?
0:45:13 And of the probably 70% of them said, no, I had love, but I wasn’t in love.
0:45:14 Cared about the well-being, sure.
0:45:22 I cared, but like I wasn’t in love until let’s say eight or 10 months, something like that.
0:45:25 I personally was into it because I had animals.
0:45:29 Like it kind of replaced like a dog for me, if I’m being honest, like where like,
0:45:32 I love dogs and I was, I like that, I like that type of shit.
0:45:37 So I was into it, but I was preparing not to be into it right away.
0:45:39 Lowered expectations, the key to life.
0:45:45 I think most men aren’t into their kids for, you know what I mean, when I say into,
0:45:47 in love for like eight months.
0:45:52 I had a hilarious dinner with this guy and he was like, yeah, I am, you know, if I’m honest,
0:45:58 it’s hard. I can’t, same description, I care, but I guess I wouldn’t say I’m like totally like
0:46:01 head over heels, like, you know, can’t live without them type of thing.
0:46:04 It’s like a roommate, it’s like a roommate that you enjoy.
0:46:06 I was like, oh, totally, totally normal.
0:46:07 Turns around 12, 18 months.
0:46:09 They’re like, yeah, they’re three.
0:46:13 I was like, oh, you’re broken.
0:46:19 Dude, you know what also shocked me?
0:46:25 Like every, all of my friends after they have kids, they all, most of them have said similar
0:46:27 things, which is I wish I started sooner.
0:46:28 And that shocked me.
0:46:30 I was always the opposite I thought.
0:46:32 I always thought it was the opposite.
0:46:34 But I don’t wish that.
0:46:39 I’m like, I’m glad I got in all the, the stuff that you can only do when you’re,
0:46:40 you know, young, wild and free.
0:46:42 I’m glad I got that in because it’s a one-way door.
0:46:45 Once you do it, you can’t, there is no, there’s no breaks.
0:46:47 There’s no Mulligans, at least for me.
0:46:52 So, you know, it just seems like it’s, I’m glad I took the time.
0:46:55 All right. That’s this episode where we’re going to call this mailbag.
0:46:56 Mailbags are fun.
0:47:04 If you have questions again, like this, go to MFMPod.com and we’re going to add a contact
0:47:05 button and you could ask questions.
0:47:09 Yeah. We’ll add a mailbag button, drop them in there, make them entertaining, make them fun.
0:47:10 We like them.
0:47:12 All right. That’s it. That’s the pod.
0:47:17 I feel like I can rule the world. I know I could be what I want to.
0:47:24 I put my all in it like no days off on a road. Let’s travel, never looking back.
0:47:34 [BLANK_AUDIO]
Episode 643: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) answer juicy questions from the audience.
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Show Notes:
(0:00) Where should I put my money?
(9:35) Best thing you’ve read lately?
(15:28) Who’s on MFM’s Mt. Rushmore?
(26:18) When was your biggest gut punch?
(31:31) Who would you spend 24 hours with?
(40:24) What’s your best advice for new dads?
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Links:
• Alex Karp article – https://www.nytimes.com/2024/08/17/style/alex-karp-palantir.html
• Casa Bonita – https://www.casabonitadenver.com/
• Leave us a voicemail – https://www.mfmpod.com/
—
Check Out Shaan’s Stuff:
Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd
—
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 The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano