Episode
How Dave Ramsey Built His $300M Empire, Trademarkia, And MFM Rip-Offs
1:00:12
Published: Thu Mar 09 2023
Description
Episode 428: Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) talk about Dave Ramsey's multi-million dollar empire, surfer Laird Hamilton's superfood business, the importance of trademarks, and so much more. Want to see more MFM? Subscribe to the MFM YouTube channel here. SHAAN'S NEW DAILY NEWSLETTER --> shaanpuri.com ----- Links: * Laird Superfood * Ramsey Solutions * MFMpod.com * Chambers * Flashes & Flames * Trademarkia * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. ------ Show Notes: (01:05) - Laird Superfoods (06:55) - Dave Ramsey (25:15) - Why Shaan is in a great mood (29:05) - Why you shouldn't buy domain names (32:05) - Chambers (39:50) - Trademarkia (45:40) - The people ripping off MFM ----- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. ----- Additional episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto * #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • #218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
Chapters
The speakers discuss Laird Hamilton's appearance and a coffee creamer made from coconut.
00:00 - 01:22 (01:22)
Summary
The speakers discuss Laird Hamilton's appearance and a coffee creamer made from coconut.
EpisodeHow Dave Ramsey Built His $300M Empire, Trademarkia, And MFM Rip-Offs
PodcastMy First Million
The hosts discuss the puzzling phenomenon of companies trading far below their cash value and the potential profits that could be made by buying and distributing their assets.
01:22 - 05:11 (03:48)
Summary
The hosts discuss the puzzling phenomenon of companies trading far below their cash value and the potential profits that could be made by buying and distributing their assets.
EpisodeHow Dave Ramsey Built His $300M Empire, Trademarkia, And MFM Rip-Offs
PodcastMy First Million
This podcast discusses the controversial personal finance rules of Dave Ramsey, which are based on biblical principles.
05:11 - 08:41 (03:30)
Summary
This podcast discusses the controversial personal finance rules of Dave Ramsey, which are based on biblical principles. The episode is sponsored by Dave Ramsey's podcast and by Side Hustle Pro, a podcast on the HubSpot Podcast Network.
EpisodeHow Dave Ramsey Built His $300M Empire, Trademarkia, And MFM Rip-Offs
PodcastMy First Million
Dave Ramsey's financial success story started with attending financial training seminars, which led him to construct his multimillion-dollar property portfolio without using any debt.
08:41 - 11:34 (02:52)
Summary
Dave Ramsey's financial success story started with attending financial training seminars, which led him to construct his multimillion-dollar property portfolio without using any debt. He now has a media empire that includes his radio shows and financial courses and seminars.
EpisodeHow Dave Ramsey Built His $300M Empire, Trademarkia, And MFM Rip-Offs
PodcastMy First Million
The focus on building wealth is important to Jay-Z.
11:34 - 16:56 (05:22)
Summary
The focus on building wealth is important to Jay-Z. He created other personalities or brands like Ken and Dr. John to maintain that focus and further his financial success.
EpisodeHow Dave Ramsey Built His $300M Empire, Trademarkia, And MFM Rip-Offs
PodcastMy First Million
During a podcast episode, the speaker discussed the difference between millionaires and billionaires, highlighting the vast difference in wealth and success between the two.
16:56 - 19:20 (02:23)
Summary
During a podcast episode, the speaker discussed the difference between millionaires and billionaires, highlighting the vast difference in wealth and success between the two.
EpisodeHow Dave Ramsey Built His $300M Empire, Trademarkia, And MFM Rip-Offs
PodcastMy First Million
In this conversation snippet, the speaker discusses their confusion about the lines at the airport bathroom and the ambiguity of ordering at McDonald's.
19:21 - 24:38 (05:16)
Summary
In this conversation snippet, the speaker discusses their confusion about the lines at the airport bathroom and the ambiguity of ordering at McDonald's.
EpisodeHow Dave Ramsey Built His $300M Empire, Trademarkia, And MFM Rip-Offs
PodcastMy First Million
The speaker discusses two types of videos that he enjoys, including viral videos from the past and news clips featuring memorable individuals, and emphasizes the importance of revisiting meaningful moments in life.
24:38 - 28:05 (03:27)
Summary
The speaker discusses two types of videos that he enjoys, including viral videos from the past and news clips featuring memorable individuals, and emphasizes the importance of revisiting meaningful moments in life.
EpisodeHow Dave Ramsey Built His $300M Empire, Trademarkia, And MFM Rip-Offs
PodcastMy First Million
The speaker suggests using store name dot squarespace.com until a certain amount of sales are made before investing in a domain name.
28:05 - 31:34 (03:29)
Summary
The speaker suggests using store name dot squarespace.com until a certain amount of sales are made before investing in a domain name. They discovered the success of their whiskey business with a unique bottle shape through this process.
EpisodeHow Dave Ramsey Built His $300M Empire, Trademarkia, And MFM Rip-Offs
PodcastMy First Million
A discussion about a company that creates rankings for legal firms based on different niches and provides awards and logos for recognized firms to use in their email signatures and marketing materials.
31:34 - 35:21 (03:46)
Summary
A discussion about a company that creates rankings for legal firms based on different niches and provides awards and logos for recognized firms to use in their email signatures and marketing materials.
EpisodeHow Dave Ramsey Built His $300M Empire, Trademarkia, And MFM Rip-Offs
PodcastMy First Million
The process of naming a brand or product requires careful consideration of trademarks, as the bigger the company gets, the greater the potential for trademark disputes, which could result in a forced name change.
35:21 - 37:51 (02:30)
Summary
The process of naming a brand or product requires careful consideration of trademarks, as the bigger the company gets, the greater the potential for trademark disputes, which could result in a forced name change.
EpisodeHow Dave Ramsey Built His $300M Empire, Trademarkia, And MFM Rip-Offs
PodcastMy First Million
The USPTO website can be difficult to navigate when searching for trademarks, but incorporating a company and utilizing a fancier search method with associated words can help narrow down the search results.
37:51 - 40:36 (02:44)
Summary
The USPTO website can be difficult to navigate when searching for trademarks, but incorporating a company and utilizing a fancier search method with associated words can help narrow down the search results.
EpisodeHow Dave Ramsey Built His $300M Empire, Trademarkia, And MFM Rip-Offs
PodcastMy First Million
The speaker believes that with some simple tweaks, a $5 million cash cow can be turned into an eight or nine million dollar company, and expresses confidence in the potential of the product.
40:36 - 45:12 (04:35)
Summary
The speaker believes that with some simple tweaks, a $5 million cash cow can be turned into an eight or nine million dollar company, and expresses confidence in the potential of the product.
EpisodeHow Dave Ramsey Built His $300M Empire, Trademarkia, And MFM Rip-Offs
PodcastMy First Million
The speaker discusses ways to get around people's "bullshit detectors" online, especially for older individuals trying to sound young and hip.
45:12 - 48:29 (03:17)
Summary
The speaker discusses ways to get around people's "bullshit detectors" online, especially for older individuals trying to sound young and hip. She shares an example of people taking their content and repurposing it for LinkedIn to gain traction.
EpisodeHow Dave Ramsey Built His $300M Empire, Trademarkia, And MFM Rip-Offs
PodcastMy First Million
The podcast hosts discuss the iceberg theory and share their insights on pitch deck improvement by going through an average pitch deck and making it look better with copywriting and design tweaks.
48:29 - 56:06 (07:36)
Summary
The podcast hosts discuss the iceberg theory and share their insights on pitch deck improvement by going through an average pitch deck and making it look better with copywriting and design tweaks.
EpisodeHow Dave Ramsey Built His $300M Empire, Trademarkia, And MFM Rip-Offs
PodcastMy First Million
The speaker recalls an experience where people from New England were bragging about their acapella skills while hanging out, and he found it quite awkward and annoying.
56:06 - 57:12 (01:05)
Summary
The speaker recalls an experience where people from New England were bragging about their acapella skills while hanging out, and he found it quite awkward and annoying.