Episode
#218 - Why You Should Take a Think Week Like Bill Gates
1:25:20
Published: Fri Sep 10 2021
Description
[Updated] In this episode Sam (@theSamParr) and Shaan (@ShaanVP) talk about what Shaan has learned over the last week by taking a Bill Gates-inspired week off to dive deep into crypto. They also talk about Wilbur Wright, identifying stories from your work experiences, and who they follow in real estate Twitter. They close it out talking about a Twitter thread with a different take on levels of wealth and then potential solutions to Sam's occasional panic attack. --------- * 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: * (1:53) The backstory of Wilbur Wright * (9:26) First, last, best, worst, weirdest * (12:44) Sell the story * (17:02) Real estate Twitter * (29:17) Opportunities for niche content creators * (33:42) Shaan's think week is crypto week * (37:53) Meet Andre * (40:19) Observations from crypto week * (43:46) #1 - crypto dev tools * (45:23) #2 - NFT research tools * (48:42) Shaan's take on NFTs * (59:09) Levels of wealth thread * (1:07:16) Parallels to Naval and financial freedom * (1:15:39) Panic attacks
Chapters
This podcast episode discusses the dynamics between successful siblings and the benefits of automation tools.
00:00 - 02:04 (02:04)
Summary
This podcast episode discusses the dynamics between successful siblings and the benefits of automation tools.
Episode#218 - Why You Should Take a Think Week Like Bill Gates
PodcastMy First Million
After being hit in the face, a man becomes a homebody and lives in isolation for four years, all while playing with a toy plane someone bought him.
02:04 - 05:25 (03:20)
Summary
After being hit in the face, a man becomes a homebody and lives in isolation for four years, all while playing with a toy plane someone bought him.
Episode#218 - Why You Should Take a Think Week Like Bill Gates
PodcastMy First Million
A podcast discussing the Wright Brothers' journey to creating the first successful airplane and the doubts they faced along the way, including the skepticism from the postmaster of Kitty Hawk who believed their dream of flight was impossible.
05:25 - 08:27 (03:02)
Summary
A podcast discussing the Wright Brothers' journey to creating the first successful airplane and the doubts they faced along the way, including the skepticism from the postmaster of Kitty Hawk who believed their dream of flight was impossible.
Episode#218 - Why You Should Take a Think Week Like Bill Gates
PodcastMy First Million
The podcast hosts discuss the notion that our daily routines are full of potential stories waiting to be discovered.
08:27 - 11:32 (03:04)
Summary
The podcast hosts discuss the notion that our daily routines are full of potential stories waiting to be discovered. They discuss examples such as the story behind Coldstone ice cream and the origins of skateboarding.
Episode#218 - Why You Should Take a Think Week Like Bill Gates
PodcastMy First Million
The speaker shares a personal story of a student who faced challenges in academics and financial hurdles, but managed to overcome them and obtain a higher degree.
11:32 - 16:10 (04:37)
Summary
The speaker shares a personal story of a student who faced challenges in academics and financial hurdles, but managed to overcome them and obtain a higher degree.
Episode#218 - Why You Should Take a Think Week Like Bill Gates
PodcastMy First Million
Some people view venture capital as a big waste of money and find techie, start-up-y tweets boring.
16:10 - 19:16 (03:05)
Summary
Some people view venture capital as a big waste of money and find techie, start-up-y tweets boring. However, this niche of venture capital has a counterculture appeal and positions itself as boring and practical.
Episode#218 - Why You Should Take a Think Week Like Bill Gates
PodcastMy First Million
The real estate business lacks data, contributing to uncertainty regarding rents individuals pay versus market rent.
19:16 - 21:17 (02:01)
Summary
The real estate business lacks data, contributing to uncertainty regarding rents individuals pay versus market rent. Syndicate investor Nick Huber does deals without fundraising, believing the lack of data is a significant issue.
Episode#218 - Why You Should Take a Think Week Like Bill Gates
PodcastMy First Million
The speaker discusses a friend who is being DM'ed and asking for advice on whether he should tell his friends about his investment deals or not.
21:17 - 24:31 (03:13)
Summary
The speaker discusses a friend who is being DM'ed and asking for advice on whether he should tell his friends about his investment deals or not.
Episode#218 - Why You Should Take a Think Week Like Bill Gates
PodcastMy First Million
The podcast discusses the disconnect between the image people portray with their wealth versus their actual financial knowledge.
24:31 - 30:12 (05:41)
Summary
The podcast discusses the disconnect between the image people portray with their wealth versus their actual financial knowledge.
Episode#218 - Why You Should Take a Think Week Like Bill Gates
PodcastMy First Million
"Marketing School" is a daily marketing podcast that aims to provide listeners tips and tricks for improving their marketing.
30:12 - 33:46 (03:33)
Summary
"Marketing School" is a daily marketing podcast that aims to provide listeners tips and tricks for improving their marketing. Hosted by Neil Patel and Eric Su, it covers various marketing topics.
Episode#218 - Why You Should Take a Think Week Like Bill Gates
PodcastMy First Million
The "Think Week" or "Reading Week" philosophy helps reduce FOMO by allowing individuals to immerse themselves in topics that they are interested in but don't have the time to explore in depth due to their busy schedules.
33:46 - 37:31 (03:44)
Summary
The "Think Week" or "Reading Week" philosophy helps reduce FOMO by allowing individuals to immerse themselves in topics that they are interested in but don't have the time to explore in depth due to their busy schedules. This approach aligns with the "work like a lion, not like a cow" framework and emphasizes focused sprints of productivity rather than long periods of leisurely work.
Episode#218 - Why You Should Take a Think Week Like Bill Gates
PodcastMy First Million
The speaker discusses the impact of positive energy on the success of his course and books, and how it has influenced his work with a colleague.
37:31 - 40:26 (02:55)
Summary
The speaker discusses the impact of positive energy on the success of his course and books, and how it has influenced his work with a colleague.
Episode#218 - Why You Should Take a Think Week Like Bill Gates
PodcastMy First Million
The speaker compares the process of learning to faintly hearing music outside a club and proposes making the guide-based learning a new course.
40:27 - 45:11 (04:44)
Summary
The speaker compares the process of learning to faintly hearing music outside a club and proposes making the guide-based learning a new course. She cites examples of companies that simplified the basic infrastructure and states how a guide can help her in problem-solving through screen sharing.
Episode#218 - Why You Should Take a Think Week Like Bill Gates
PodcastMy First Million
The crypto world is creating new rich people, the winners and the builders, who are not necessarily the ones we already know from social media.
45:11 - 49:19 (04:07)
Summary
The crypto world is creating new rich people, the winners and the builders, who are not necessarily the ones we already know from social media. Some crypto tools are supporting these new millionaires’ growth, making things more accessible for everyone.
Episode#218 - Why You Should Take a Think Week Like Bill Gates
PodcastMy First Million
The speaker shares their thoughts on NFTs and how they compare to other technological advancements such as the printing press or the telephone.
49:19 - 54:15 (04:56)
Summary
The speaker shares their thoughts on NFTs and how they compare to other technological advancements such as the printing press or the telephone. They also mention a recent NFT bet they made.
Episode#218 - Why You Should Take a Think Week Like Bill Gates
PodcastMy First Million
The world of cryptocurrency has grown to be incredibly complex with investments ranging from staking and borrowing to buying NFTs and fractionalizing.
54:15 - 59:30 (05:15)
Summary
The world of cryptocurrency has grown to be incredibly complex with investments ranging from staking and borrowing to buying NFTs and fractionalizing. Getting involved with NFTs is especially challenging as it is almost impossible to purchase Crypto Punks due to their high value and rarity.
Episode#218 - Why You Should Take a Think Week Like Bill Gates
PodcastMy First Million
Gary Vaynerchuk urges people who are at level two of financial status to work harder, sell items like NFTs and move to level three because the life change is massive compared to the struggle of level two.
59:30 - 1:03:44 (04:14)
Summary
Gary Vaynerchuk urges people who are at level two of financial status to work harder, sell items like NFTs and move to level three because the life change is massive compared to the struggle of level two. This advice is part of his approach to helping people progress financially.
Episode#218 - Why You Should Take a Think Week Like Bill Gates
PodcastMy First Million
The host discusses the potential traps and benefits of being at "level four" in terms of societal status and financial stability.
1:03:46 - 1:06:15 (02:28)
Summary
The host discusses the potential traps and benefits of being at "level four" in terms of societal status and financial stability.
Episode#218 - Why You Should Take a Think Week Like Bill Gates
PodcastMy First Million
Decoupling time and money can lead to a shift in one's decision making process, making it difficult to let go of the concept of money and success.
1:06:15 - 1:10:49 (04:33)
Summary
Decoupling time and money can lead to a shift in one's decision making process, making it difficult to let go of the concept of money and success.
Episode#218 - Why You Should Take a Think Week Like Bill Gates
PodcastMy First Million
The speaker shares their friend's passion for bringing better life conditions to rural African villages and investing in real estate, with a focus on ensuring the operational expenses don't continuously drain resources.
1:10:49 - 1:15:16 (04:27)
Summary
The speaker shares their friend's passion for bringing better life conditions to rural African villages and investing in real estate, with a focus on ensuring the operational expenses don't continuously drain resources.
Episode#218 - Why You Should Take a Think Week Like Bill Gates
PodcastMy First Million
The podcast host explores the idea of finding community in unique suffering, such as connecting with people who have the same rare disease, and how it can create strong bonds between individuals.
1:15:16 - 1:21:19 (06:02)
Summary
The podcast host explores the idea of finding community in unique suffering, such as connecting with people who have the same rare disease, and how it can create strong bonds between individuals. They also briefly discuss resting heart rates.
Episode#218 - Why You Should Take a Think Week Like Bill Gates
PodcastMy First Million
The speaker suggests using AdWords to attract members to a community focused on various niches, such as patients with specific illnesses.
1:21:19 - 1:24:19 (02:59)
Summary
The speaker suggests using AdWords to attract members to a community focused on various niches, such as patients with specific illnesses. Premium education and a members lounge could be offered to generate income. It is unclear if there is any pharmaceutical company sponsorship involved.