Episode 476: Sam Parr (https://twitter.com/theSamParr) and Shaan Puri (https://twitter.com/ShaanVP) dive into Sam’s +$10m Financial Portfolio, Shaan shares his philosophy around money and they both explore the psychological barrier of spending money once you finally have it.
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Check Out Sam’s Stuff:
* Hampton – https://www.joinhampton.com/
* Ideation Bootcamp – https://www.ideationbootcamp.co/
* Copy That – https://copythat.com/
Check Out Shaan’s Stuff:
* Try Shepherd Out – https://www.supportshepherd.com/
* Shaan’s Personal Assistant System – http://shaanpuri.com/remoteassistant
* Power Writing Course – https://maven.com/generalist/writing
* Daily Newsletter – https://www.shaanpuri.com/
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Show Notes:
(0:00) Intro
(3:00) Sam’s Portfolio Review – Pt. 1
(13:00) Shaan’s Bad Investment Decisions
(22:20) The F*cked Up Psychology of Spending Money
(31:40) Wisdom Is More Important Than Smarts
(35:00) Sam’s Portfolio Review – Pt. 2
(40:30) Why Shaan Tracks His Portfolio Manually
(42:30) Shaan’s Money Mindset
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Links:
• Tiller: https://www.tillerhq.com/
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One my fav episodes, truthfully. You covered so much more than just personal finance. I feel like I just downloaded from 10 mentors and gurus in 55 mins. Super!
Thanks for breaking this down. It’s interesting to hear how you seek out investments, especially from a conservative and more risky viewpoint.
Y'all really have to have Bill Perkins on and chat about Die with Zero
Few weeks ago, I recommended a professional trader (Elly Rodney) to you guys, can i get someone who traded with her?
what's Shaan's ecom company? is it a secret?
Lots gained from this one. Strong work
One of the best episodes for sure!
Shaan, now that Sam has gone we need your investment portfolio breakdown next!
Thanks for sharing! This was awesome
Sam is that corns on ur palms and is that from heavy lifting in the gym bro…since u took ur shirt off , i dont think im asking you to streak…lol
I love this stuff though
This was really great. Thank you Sam for the transparency. Would be really interesting to have these same conversations with guests.
Actually one of my favorite episodes. Love it when y'all talk actual numbers and how you do certain things that people don't talk about much. Would love to hear about how you manage multiple projects/businesses at once, systems you have, etc.
Love this pod. I’ve made a lot of money in tech myself (via 2 IPOs where i was mid-level employee) and agree with putting the majority into “traditional/boring” ETFs….and letting it ride for the long term. Leave like 20% for private/riskier investments. At the same time, don’t skimp on life experiences (esp travel) and a few toys like a nice car.
Like two sloppy jewel thieves, MFM is always dropping gems.💎🤣💯… Crazy how simple topics can have so much depth…The “Lindy Effect” piece had my wheels turning big time. Nassim Taleb has a dope book called ‘Antifragile’ that explores deeper..Just ordered it from Prime for around 14 bucks. Reviews look great.👍🏼.. Cant wait to delve deeper into the concepts..Love y’all fam. Peace and blessing as always.💯💯
12:21 the shoeshine boy and the indian auntie
I think money stored up and not spent = power potential. Imagine the power of knowing you have $50M to deploy wherever you want, but don’t. As soon as you do, that power potential is gone.
22:45 Rant – SPOT ON
I think you should do these types of episodes as well, really interesting and you get to learn a lot too. Ps I have a macroeconomics exam to study for but this episode was so engaging that I just couldn't pause it and study for my exam haha
Old Dead Friend said – Money is like manure, spread it and things grow, pile it and it just stinks.
Yes, very useful! Useful enough for me to stop what i'm doing to leave a comment in hopes the engagement will help others find it, and they themselves find it useful! I like analyzing the way successful people think! Thanks Brian
This is the definition of people who give great advice but dont follow it lol. Great content !
Pie chart would've been nicer to visualize
Hey Shaan do you think your investment return over the last 10 years, not counting businesses you’ve started, is it > 0%?
Fantastic episode. Really liking the themed format.
I really enjoyed this episode, as a person that’s been in the financial industry for a while, I’ll leaned toward Sam’s side, but I understand Shaan. One reason that Sam’s way works is that it accounts for one thing that you guys didn’t talk about that you laughed at Buffet for. When Buffet talks about the long play now, he means “legacy”. Life is great now, but what will you leave for the kids to take the patan and run with. I’m okay with being as conservative as Sam because I’m not doing it for me anymore, I’m doing it for my two kids. I’m curious on how both your plans incorporate legacy and how what you build now will live past both of you, or is that not a concern now?
I’m offended by the Persian comment Shaan. Gonna stop listening and go wash my white BMW now 😂😂😂 jk obvi
Hit 200k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in June 2022
Always worth noting that somebody with a ton more money does perhaps makes more sense than somebody of more moderate means: 10+ million means you can take some high risks with zero liquidity (same perhaps with seeing the principal again) or alternatively you can just put the money in some of the most boring "risk-free" places.