Episode
#210 - How Celebrities Have Made Billions off Their Names
1:01:22
Published: Wed Aug 18 2021
Description
In this episode Shaan (@ShaanVP) and Sam (@theSamParr) dive into a few industries and talk about the players behind them. They start off talking about car dealerships and the handful of politicians who make major coin through them. They then transition to celebrities and how some have leveraged their name to make even more money. They finish the episode with a few anecdotes on how some people started to accumulate wealth and a snippet on anti-aging and scientific discovery. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. --------- Show notes: * (0:59) Intro * (2:47) The Skip Barber racing school * (6:48) Digitizing the gun range * (10:57) The politicians making money with car dealerships * (23:06) The cool growth hack used by Spoonflower * (28:48) Celebrities making bank of their celebrity * (35:26) George Clooney hooking up his friends with $1M cash * (39:51) A feel good story about Shaan's trainer * (41:58) The Bar & Bat Mitzvah hack to wealth * (44:57) A unique twist on Universal Basic Income - the birth dividend * (47:35) Aubrey de Grey and how scientific breakthroughs work
Chapters
The hosts of a podcast discuss the love-hate relationship with random tangents and how it connects with listeners.
00:00 - 03:10 (03:10)
Summary
The hosts of a podcast discuss the love-hate relationship with random tangents and how it connects with listeners. They also talk about the differences in chemistry between people in agencies.
Episode#210 - How Celebrities Have Made Billions off Their Names
PodcastMy First Million
A former New York cop has developed a controlled simulation of a car chase, where players can spin out other cars and make arrests.
03:10 - 06:49 (03:39)
Summary
A former New York cop has developed a controlled simulation of a car chase, where players can spin out other cars and make arrests. A potential idea is to create a cop and robber simulation game, resembling a car chase with a race car that looks like a mustang.
Episode#210 - How Celebrities Have Made Billions off Their Names
PodcastMy First Million
The guest wanted to do a simulation of sniping with real guns but ended up using digitally enabled guns that felt real.
06:49 - 11:03 (04:13)
Summary
The guest wanted to do a simulation of sniping with real guns but ended up using digitally enabled guns that felt real. The guns had weight, recoil and were used in a gym at a hotel.
Episode#210 - How Celebrities Have Made Billions off Their Names
PodcastMy First Million
The guest talks about financial transparency software that allows people to browse through other people's bank accounts, stocks, and other assets.
11:03 - 14:21 (03:18)
Summary
The guest talks about financial transparency software that allows people to browse through other people's bank accounts, stocks, and other assets.
Episode#210 - How Celebrities Have Made Billions off Their Names
PodcastMy First Million
Al C Hastings, a senator in Florida, has a negative net worth of $7.5 million, largely due to his investments in car dealerships.
14:21 - 16:40 (02:18)
Summary
Al C Hastings, a senator in Florida, has a negative net worth of $7.5 million, largely due to his investments in car dealerships. At least $5 million of his net worth is assigned to these investments.
Episode#210 - How Celebrities Have Made Billions off Their Names
PodcastMy First Million
A former Hyundai salesperson shares his journey as a car dealership owner and how being a local hero contributes to his success.
16:40 - 18:48 (02:07)
Summary
A former Hyundai salesperson shares his journey as a car dealership owner and how being a local hero contributes to his success.
Episode#210 - How Celebrities Have Made Billions off Their Names
PodcastMy First Million
This podcast discusses a company that helps boost car sales by 30-35% using their services.
18:48 - 23:12 (04:24)
Summary
This podcast discusses a company that helps boost car sales by 30-35% using their services. With $36 million made in the first six months of operation, this company seems to have promising prospects.
Episode#210 - How Celebrities Have Made Billions off Their Names
PodcastMy First Million
The transcript discusses a designer marketplace where designers come up with unique patterns like floral or sunflower designs, and customers can use them on various products such as mats, pillowcases, blankets, curtains, and more.
23:12 - 26:58 (03:46)
Summary
The transcript discusses a designer marketplace where designers come up with unique patterns like floral or sunflower designs, and customers can use them on various products such as mats, pillowcases, blankets, curtains, and more. The marketplace provides an opportunity for designers to showcase their skills and customers to find exclusive designs.
Episode#210 - How Celebrities Have Made Billions off Their Names
PodcastMy First Million
The episode took a quick break to promote the Side Hustle Pro podcast hosted by Nikayla Matthews-Akome and the Food52 podcast that features chefs uploading recipes.
26:58 - 31:01 (04:02)
Summary
The episode took a quick break to promote the Side Hustle Pro podcast hosted by Nikayla Matthews-Akome and the Food52 podcast that features chefs uploading recipes.
Episode#210 - How Celebrities Have Made Billions off Their Names
PodcastMy First Million
The hosts discuss the possibility of a Paul Brothers version of Disney World in LA.
31:01 - 33:25 (02:23)
Summary
The hosts discuss the possibility of a Paul Brothers version of Disney World in LA. They also mention Dolly Parton's philanthropic work and her famous quote on the cost of beauty.
Episode#210 - How Celebrities Have Made Billions off Their Names
PodcastMy First Million
The podcast discusses George Clooney's idea of giving some of his wealth to his close friends and potential business ventures for celebrities, such as fitness-focused hotels, but not endorsing certain products.
33:25 - 37:45 (04:20)
Summary
The podcast discusses George Clooney's idea of giving some of his wealth to his close friends and potential business ventures for celebrities, such as fitness-focused hotels, but not endorsing certain products.
Episode#210 - How Celebrities Have Made Billions off Their Names
PodcastMy First Million
The hosts discuss the importance of having a plan for your assets after passing away and the potential consequences of not doing so.
37:45 - 40:28 (02:43)
Summary
The hosts discuss the importance of having a plan for your assets after passing away and the potential consequences of not doing so.
Episode#210 - How Celebrities Have Made Billions off Their Names
PodcastMy First Million
The speaker reflects on a conversation with their trainer about achieving their goals and the importance of gratitude, sharing a heartwarming message they received from their mother.
40:28 - 43:35 (03:07)
Summary
The speaker reflects on a conversation with their trainer about achieving their goals and the importance of gratitude, sharing a heartwarming message they received from their mother.
Episode#210 - How Celebrities Have Made Billions off Their Names
PodcastMy First Million
The concept of universal basic income suggests the idea of giving people a certain amount of money each year as social security to invest in the market, allowing them to realize the value of investing.
43:35 - 48:20 (04:44)
Summary
The concept of universal basic income suggests the idea of giving people a certain amount of money each year as social security to invest in the market, allowing them to realize the value of investing.
Episode#210 - How Celebrities Have Made Billions off Their Names
PodcastMy First Million
In this two-minute podcast summary, the speaker briefly addresses Aubrey de Grey's controversial TED Talk and acknowledges the polarizing reactions to de Grey's ideas.
48:20 - 51:58 (03:37)
Summary
In this two-minute podcast summary, the speaker briefly addresses Aubrey de Grey's controversial TED Talk and acknowledges the polarizing reactions to de Grey's ideas.
Episode#210 - How Celebrities Have Made Billions off Their Names
PodcastMy First Million
The accumulation of damage from metabolic processes in the body is inevitable, just like any machinery that breaks down with continued use.
51:58 - 55:44 (03:46)
Summary
The accumulation of damage from metabolic processes in the body is inevitable, just like any machinery that breaks down with continued use. This causes brain function, muscle function, and reaction time to slow down over time.
Episode#210 - How Celebrities Have Made Billions off Their Names
PodcastMy First Million
The timeline of innovation experiences incremental progress, and breakthroughs lead to a significant jump forward.
55:44 - 1:00:09 (04:24)
Summary
The timeline of innovation experiences incremental progress, and breakthroughs lead to a significant jump forward. In healthcare, we mostly all die from cancer, Alzheimer's, or something similar, but advancements in treatment could change that outcome for future generations.
Episode#210 - How Celebrities Have Made Billions off Their Names
PodcastMy First Million
The possibility of a complete cure has not been discovered yet, but some scientists are working on developing treatments to significantly decrease cancer deaths.
1:00:09 - 1:01:31 (01:22)
Summary
The possibility of a complete cure has not been discovered yet, but some scientists are working on developing treatments to significantly decrease cancer deaths.