Episode
#188 - What It's Like to Be Rich, How to Respond to Growth Plateaus, & the New Neighborhood 7/11
57:01
Published: Fri Jun 04 2021
Description
Sam (@theSamParr) & Shaan (@ShaanVP) do a little Q&A in this episode. They talk about their financial goals, their romantic relationships, and what they would do if they were 21 again. They finish off the episode talking about the podcast growth, live events, and brainstorm a few ideas around community and sports you can do as you get older. --------- * 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: * (1:19) - Intro * (4:00) - The Twitter bio paradox * (6:15) - Intro to Q&A * (6:30) - Q1 - What's it like to be rich? * (11:51) - Q2 - What do you read/research outside business? * (14:03) - Q3 - How did success influence your romantic relationships? * (20:34) - Q4 - What pandemic behavior do you want to keep? * (22:00) - Q5 - If you were 21 again, what would you be doing? * (25:44) - Q6 - What's your best purchase over $2K & best under $100? * (27:52) - Podcast growth update * (29:55) - On growth plateaus * (32:47) - Live event update * (34:53) - Community around the "neighborhood 7/11" * (44:25) - The new golf * (53:53) - Outro
Chapters
A custom song can be used to emotionally associate a brand with a product just like when a song is associated with a particular person.
00:00 - 02:27 (02:27)
Summary
A custom song can be used to emotionally associate a brand with a product just like when a song is associated with a particular person. This can apply to tea and coffee as well, as they bring up emotional responses in people.
Episode#188 - What It's Like to Be Rich, How to Respond to Growth Plateaus, & the New Neighborhood 7/11
PodcastMy First Million
The podcast hosts discuss a retired pizza delivery driver's Twitter bio in which he tries to sound like a regular guy, while also acknowledging his desire to impact others.
02:27 - 05:09 (02:42)
Summary
The podcast hosts discuss a retired pizza delivery driver's Twitter bio in which he tries to sound like a regular guy, while also acknowledging his desire to impact others.
Episode#188 - What It's Like to Be Rich, How to Respond to Growth Plateaus, & the New Neighborhood 7/11
PodcastMy First Million
The speaker talks about his personal finance number and how he calculated the amount he would need to cover his life burn.
05:09 - 10:28 (05:19)
Summary
The speaker talks about his personal finance number and how he calculated the amount he would need to cover his life burn. He also discusses the significance of financial planning in this context.
Episode#188 - What It's Like to Be Rich, How to Respond to Growth Plateaus, & the New Neighborhood 7/11
PodcastMy First Million
The transcript contains incoherent and unrelated snippets of speech that do not form a clear message or topic.
10:28 - 16:06 (05:37)
Summary
The transcript contains incoherent and unrelated snippets of speech that do not form a clear message or topic.
Episode#188 - What It's Like to Be Rich, How to Respond to Growth Plateaus, & the New Neighborhood 7/11
PodcastMy First Million
The speaker talks about how he had a tendency to become cocky and how that changed when he shifted his perspective and started valuing his family's time as well.
16:06 - 19:25 (03:18)
Summary
The speaker talks about how he had a tendency to become cocky and how that changed when he shifted his perspective and started valuing his family's time as well. He shares insights on how being successful while being married is fulfilling and how being single could be advantageous.
Episode#188 - What It's Like to Be Rich, How to Respond to Growth Plateaus, & the New Neighborhood 7/11
PodcastMy First Million
The speaker compares treating work as you would a marriage by focusing on dating, having fun, figuring out your likes and dislikes, and finding what loves you.
19:25 - 22:59 (03:34)
Summary
The speaker compares treating work as you would a marriage by focusing on dating, having fun, figuring out your likes and dislikes, and finding what loves you. They also highlight the importance of a work-life balance by sharing personal experiences of having more family time while working from home.
Episode#188 - What It's Like to Be Rich, How to Respond to Growth Plateaus, & the New Neighborhood 7/11
PodcastMy First Million
The speaker believes that a good camera is worth investing in as it will allow them to be at the cutting edge of certain industries and earn trust from top players.
23:00 - 27:16 (04:16)
Summary
The speaker believes that a good camera is worth investing in as it will allow them to be at the cutting edge of certain industries and earn trust from top players. Additionally, having a good camera presents a professional front for all meetings.
Episode#188 - What It's Like to Be Rich, How to Respond to Growth Plateaus, & the New Neighborhood 7/11
PodcastMy First Million
The growth of startups will eventually plateau, which is not a sign of failure.
27:16 - 31:35 (04:18)
Summary
The growth of startups will eventually plateau, which is not a sign of failure. Rather, it’s a natural part of the lifecycle of any business.
Episode#188 - What It's Like to Be Rich, How to Respond to Growth Plateaus, & the New Neighborhood 7/11
PodcastMy First Million
The hosts discuss the idea of organizing nerds on tour meetups with an expectation of 10,000 attendees.
31:35 - 35:55 (04:20)
Summary
The hosts discuss the idea of organizing nerds on tour meetups with an expectation of 10,000 attendees.
Episode#188 - What It's Like to Be Rich, How to Respond to Growth Plateaus, & the New Neighborhood 7/11
PodcastMy First Million
The concept of cloud corner stores is gaining popularity in the era of the sharing economy - a space in someone's garage filled with fridges and freezers as a central hub for local home cooks, bakers, and small food businesses.
35:55 - 40:50 (04:55)
Summary
The concept of cloud corner stores is gaining popularity in the era of the sharing economy - a space in someone's garage filled with fridges and freezers as a central hub for local home cooks, bakers, and small food businesses. It offers convenience and saves time and money for both the vendors and consumers.
Episode#188 - What It's Like to Be Rich, How to Respond to Growth Plateaus, & the New Neighborhood 7/11
PodcastMy First Million
The creator economy and vending machines in neighborhoods are two different concepts but could be game-changing in terms of convenience.
40:50 - 44:39 (03:49)
Summary
The creator economy and vending machines in neighborhoods are two different concepts but could be game-changing in terms of convenience. The vending machine idea would be like a cold vending machine located within neighborhoods.
Episode#188 - What It's Like to Be Rich, How to Respond to Growth Plateaus, & the New Neighborhood 7/11
PodcastMy First Million
The host discusses how at every age, there is a different sport that is appropriate for you, varying from basketball to golf to swimming.
44:39 - 48:05 (03:26)
Summary
The host discusses how at every age, there is a different sport that is appropriate for you, varying from basketball to golf to swimming.
Episode#188 - What It's Like to Be Rich, How to Respond to Growth Plateaus, & the New Neighborhood 7/11
PodcastMy First Million
The guest speaker reflects on how as age increases, interest in different sports may change, presenting new opportunities and limitations.
48:05 - 50:24 (02:19)
Summary
The guest speaker reflects on how as age increases, interest in different sports may change, presenting new opportunities and limitations.
Episode#188 - What It's Like to Be Rich, How to Respond to Growth Plateaus, & the New Neighborhood 7/11
PodcastMy First Million
The speaker explains how pickleball is a chill sport that does not require running, jumping, or squatting and how it can be played by beginners easily.
50:25 - 53:55 (03:30)
Summary
The speaker explains how pickleball is a chill sport that does not require running, jumping, or squatting and how it can be played by beginners easily. They also discuss how an Amazon FBA business selling pickleball stuff was started.
Episode#188 - What It's Like to Be Rich, How to Respond to Growth Plateaus, & the New Neighborhood 7/11
PodcastMy First Million
A creative agency's logo design was the most well-liked by people who were asked to pick from multiple options.
53:55 - 56:00 (02:04)
Summary
A creative agency's logo design was the most well-liked by people who were asked to pick from multiple options. The agency offers merchandise such as stickers, shirts, and hoodies.