Episode
#47 - Robot Lawyers, Pay to Lose Weight & Prudent vs. Wild Card Managers
1:04:33
Published: Thu Feb 20 2020
Description
Sam (@thesamparr) and Shaan (@shaanvp) are back talking news, trends, interesting products and businesses. We've partnered once again with the online business broker Quiet Light Brokerage, they want to give you guys a FREE 25-point checklist to see how sellable your online business is. To receive this free guide, visit quietlightbrokerage.com/myfirstmillion. Topics for today: Paying to lose weight (01:26), Private equity rollups in cleaning, dental & locksmiths (04:22), Buying nursing homes (08:47), Back to private equity talk (10:30), Baby locked in a room story (13:02), Public dental companies (14:26), Barstool's genius marketing with 'Zillion beers' campaign (17:58), Mr Beast & Content burn out (21.44), Rupert Murdoch's elite meeting at CES (This one's good, 26:14), Revenge against spam callers & robot lawyers (32:13), Charlie Munger thoughts on Elon Musk and if you'd hire a wildcard or someone prudent (37:02), Risky investing (41:31), Listener's chess tutoring biz and if he should continue (45:00), Restaurant refills & other boring but large businesses (50:05) and lastly the crazy world of auctions and collecting (53:10). See acast.com/privacy for privacy and opt-out information.
Chapters
The episode discusses a revenge scheme against spammers, a weight loss challenge business, and how to scale up a tutoring business that generates $12,000 a month.
00:00 - 02:48 (02:48)
Summary
The episode discusses a revenge scheme against spammers, a weight loss challenge business, and how to scale up a tutoring business that generates $12,000 a month. They also suggest using automation tools to make tedious tasks easier and to keep track of data to serve customers better.
Episode#47 - Robot Lawyers, Pay to Lose Weight & Prudent vs. Wild Card Managers
PodcastMy First Million
The speaker discusses how to monitor blood glucose levels for weight loss by following a prescribed nutrition and eating plan.
02:48 - 05:04 (02:15)
Summary
The speaker discusses how to monitor blood glucose levels for weight loss by following a prescribed nutrition and eating plan. The plan includes a blood glucose monitor that will help track progress.
Episode#47 - Robot Lawyers, Pay to Lose Weight & Prudent vs. Wild Card Managers
PodcastMy First Million
The strategy of buying small and fragmented dental practices that are generating two million dollars of revenue and investing in them for a million dollars is a good investment strategy nowadays.
05:04 - 09:50 (04:46)
Summary
The strategy of buying small and fragmented dental practices that are generating two million dollars of revenue and investing in them for a million dollars is a good investment strategy nowadays.
Episode#47 - Robot Lawyers, Pay to Lose Weight & Prudent vs. Wild Card Managers
PodcastMy First Million
The nursing home industry can be extremely profitable, but many people want to avoid them at all costs.
09:50 - 12:42 (02:52)
Summary
The nursing home industry can be extremely profitable, but many people want to avoid them at all costs. Centralizing marketing efforts and focusing on profitability can help attract more customers.
Episode#47 - Robot Lawyers, Pay to Lose Weight & Prudent vs. Wild Card Managers
PodcastMy First Million
This episode discusses the nuances of reading and interpreting reviews, emphasizing the importance of context and taking reviews with a grain of salt.
12:42 - 15:57 (03:14)
Summary
This episode discusses the nuances of reading and interpreting reviews, emphasizing the importance of context and taking reviews with a grain of salt.
Episode#47 - Robot Lawyers, Pay to Lose Weight & Prudent vs. Wild Card Managers
PodcastMy First Million
Learn about a website where you can find already proven and working business ideas to buy or sell, with interviews from the founders to give you insight on how they operate their businesses.
15:57 - 18:49 (02:52)
Summary
Learn about a website where you can find already proven and working business ideas to buy or sell, with interviews from the founders to give you insight on how they operate their businesses.
Episode#47 - Robot Lawyers, Pay to Lose Weight & Prudent vs. Wild Card Managers
PodcastMy First Million
In just 10 days, Barstool's Dana went from having a thousand to 150,000 followers on Twitter by selling $30,000 worth of zillion dollar beer merch, as well as being a part of the momentum to go for a million.
18:49 - 21:58 (03:08)
Summary
In just 10 days, Barstool's Dana went from having a thousand to 150,000 followers on Twitter by selling $30,000 worth of zillion dollar beer merch, as well as being a part of the momentum to go for a million.
Episode#47 - Robot Lawyers, Pay to Lose Weight & Prudent vs. Wild Card Managers
PodcastMy First Million
Summary
Mr. Beast and his friend Jason prank unsuspecting car buyers by pretending to be car salesmen. The prank is aimed at proving a point to Dave and has a feel-good element to it.
Episode#47 - Robot Lawyers, Pay to Lose Weight & Prudent vs. Wild Card Managers
PodcastMy First Million
The weekly content grind on YouTube can be emotionally and mentally exhausting, leading to content burnout for creators.
24:29 - 30:03 (05:34)
Summary
The weekly content grind on YouTube can be emotionally and mentally exhausting, leading to content burnout for creators. The pressure to constantly create new and exciting content is high, causing stress and anxiety for creators like Casey Neistat and Logan Paul.
Episode#47 - Robot Lawyers, Pay to Lose Weight & Prudent vs. Wild Card Managers
PodcastMy First Million
The importance of being open to learning and asking good questions, rather than being overconfident and closed-minded, is discussed.
30:03 - 33:10 (03:06)
Summary
The importance of being open to learning and asking good questions, rather than being overconfident and closed-minded, is discussed.
Episode#47 - Robot Lawyers, Pay to Lose Weight & Prudent vs. Wild Card Managers
PodcastMy First Million
True Caller, a popular universal caller ID app, can help you contest parking tickets by registering your license and alerting you of any issued tickets, then automatically fighting them in court at half the price.
33:10 - 35:25 (02:14)
Summary
True Caller, a popular universal caller ID app, can help you contest parking tickets by registering your license and alerting you of any issued tickets, then automatically fighting them in court at half the price.
Episode#47 - Robot Lawyers, Pay to Lose Weight & Prudent vs. Wild Card Managers
PodcastMy First Million
Start-ups that offer money-saving hacks through small tricks and tips for users to save more money, with a goal of reallocating those savings back to the users.
35:25 - 38:50 (03:24)
Summary
Start-ups that offer money-saving hacks through small tricks and tips for users to save more money, with a goal of reallocating those savings back to the users.
Episode#47 - Robot Lawyers, Pay to Lose Weight & Prudent vs. Wild Card Managers
PodcastMy First Million
The host talks about hiring and hanging out with all kinds of people, including hackers, and the benefits and risks of hiring "loose cannons."
38:50 - 42:15 (03:25)
Summary
The host talks about hiring and hanging out with all kinds of people, including hackers, and the benefits and risks of hiring "loose cannons."
Episode#47 - Robot Lawyers, Pay to Lose Weight & Prudent vs. Wild Card Managers
PodcastMy First Million
The podcast hosts discuss a friend who invests with extreme conviction, even breaking their usual investing rules and potentially risking it all.
42:15 - 46:35 (04:20)
Summary
The podcast hosts discuss a friend who invests with extreme conviction, even breaking their usual investing rules and potentially risking it all.
Episode#47 - Robot Lawyers, Pay to Lose Weight & Prudent vs. Wild Card Managers
PodcastMy First Million
The founder of an online chess school has over 5,000 students, potentially bringing in about 700k a month in revenue.
46:35 - 48:56 (02:20)
Summary
The founder of an online chess school has over 5,000 students, potentially bringing in about 700k a month in revenue. However, he currently only has 90 active students.
Episode#47 - Robot Lawyers, Pay to Lose Weight & Prudent vs. Wild Card Managers
PodcastMy First Million
The podcast discusses interesting ways to improve small businesses such as providing higher quality products or services, rather than just stock goods, as well as developing unique and engaging programs catering to a specific audience.
48:56 - 52:37 (03:41)
Summary
The podcast discusses interesting ways to improve small businesses such as providing higher quality products or services, rather than just stock goods, as well as developing unique and engaging programs catering to a specific audience.
Episode#47 - Robot Lawyers, Pay to Lose Weight & Prudent vs. Wild Card Managers
PodcastMy First Million
The speaker discusses his own personal collection of vintage leather jackets and denim, highlighting YKK Talon and cone mill denim as the high end accessories for high end stores.
52:37 - 55:53 (03:15)
Summary
The speaker discusses his own personal collection of vintage leather jackets and denim, highlighting YKK Talon and cone mill denim as the high end accessories for high end stores. He also touches on the rarity of Indian people collecting items.
Episode#47 - Robot Lawyers, Pay to Lose Weight & Prudent vs. Wild Card Managers
PodcastMy First Million
The speaker talks about their interest in vintage fashion and cars, and how they prefer old-fashioned brands and models over modern ones.
55:53 - 58:33 (02:39)
Summary
The speaker talks about their interest in vintage fashion and cars, and how they prefer old-fashioned brands and models over modern ones.
Episode#47 - Robot Lawyers, Pay to Lose Weight & Prudent vs. Wild Card Managers
PodcastMy First Million
The hosts discuss the value of rare collectibles, such as a Nintendo PlayStation prototype or an unopened VHS tape of a childhood movie, and whether or not they would spend hundreds to own them.
58:33 - 1:00:24 (01:51)
Summary
The hosts discuss the value of rare collectibles, such as a Nintendo PlayStation prototype or an unopened VHS tape of a childhood movie, and whether or not they would spend hundreds to own them.
Episode#47 - Robot Lawyers, Pay to Lose Weight & Prudent vs. Wild Card Managers
PodcastMy First Million
The hosts discuss the appeal of collecting items such as streetwear and Goosebumps books, likening it to the hobby of coin collecting.
1:00:24 - 1:03:47 (03:22)
Summary
The hosts discuss the appeal of collecting items such as streetwear and Goosebumps books, likening it to the hobby of coin collecting. They suggest utilizing marketplaces such as GOAT and StockX for buying and selling collectible items.
Episode#47 - Robot Lawyers, Pay to Lose Weight & Prudent vs. Wild Card Managers
PodcastMy First Million
Get a discount on a subscription to Trends.co by visiting trends.co/million.
1:03:47 - 1:04:32 (00:44)
Summary
Get a discount on a subscription to Trends.co by visiting trends.co/million. The sleep report is particularly interesting, showing the growth of interest in sleep-related products and services.