Finding Profitable Business Ideas By Studying Trends, Hood Rat Stuff, and More

Date
Duration
73 min
you're good at doing this which is you identify these lifestyle trends you like pick up pretty quickly on like there's a group of people that are deciding to like live under a different paradigm or different motto or creed and actually that it was like one of the best ways to build a business around that lifestyle because you can speak to that audience so you could differentiate a product super easily to that crap i feel like i could rule where i know i could be what i want to put at all in it like a days off on a goal less travel never looking back one time i went to an amateur fight in you've been there it was at the in golden state park or something remember that house and there was like a thousand people there and at the fight you know how so basically when people before people get into a ring the referee checks to make sure you don't have any weapons on you it's just like a precaution but that's like they wrote like rub your shorts to make sure have a weapon they check your gloves to make sure that there's not like cement in there and then they also look your fingers to make sure in in maze case you don't have long nails one time i went and they go no you gotta cut your nails and so they basically announced that they go does anyone have a nail trimmer and someone and we waited for like three or five minutes and then someone had like run the walgreens or something and bring a nail and he had to cut the nail and i was like hey like how did you not figure this out like you know fifteen minutes ago this snail thing is not new like you could checked this out before they came out and mb it was just crazy that's so funny that yeah every time they do those checks i'm like what has anybody ever discovered like a razor that this guy's sneaking into the caves like no they never do it it's like just a it's like a tsa pat down without ever ever finding anything except for that that's the first time i've ever heard that they like actually felt one of the reasons they do it is in the eighties or nineties there's this guy or a real fit it was a real famous fight and this guy basically put his hand in like a cast so it was like and they like they cast it hit yeah that it was called the paris plaster or whatever that phrases it it's it's like it was like plaster and then they put his gloves on and they beat up and he beat up this guy so bad that the guy eventually killed himself because he had so much brain damage it made him depressed and like it was like a really bad thing and so that's one of the reasons why they're like like check your gloves so much it's such a big deal wow the plaster caster alright i i i feel like well i'm sorry the think i died and now i i respect these checks in fact i too got caught in tsa yesterday in a slow line and missed my flight so you know i almost two minutes late for this podcast i was two minutes late for my flight and missed my flight yesterday where we going i was going down to i went down to mexico actually so yesterday i went to mexico and back what why for e commerce stuff for business yeah we were visiting a supplier down there and i wanted to you know go check them out and so yeah one day trip missed my flight did the thing where i was in the good line other line looked a little shorter so i was like let me optimize real quick made the switch took a mental note i said alright that's my line buddy right there we'll see who makes it first he was long gone he made the flight i didn't make the flights so i i ended and i have clear i got all the shit to skip the lines still still didn't make it so that was kind of a yeah well it's fine and you know now it's like you know whatever the situation just the price you pay that's exactly that's the price i paid the splitter is the cost of the wood as i say and it's that was that was that was you know the start of my day but dude i crossed the border on foot yesterday i was like you know donald trump's enemy i i literally walked across the border from mexico back into the united states yesterday i don't understand like i drove down i got driven down to mexico they don't check you so they're like come on in and it's fine like you know they they don't they don't they don't really care but then to get back into the united states so they're like hey hey well you can just walk into the united states you gotta show me some idea or whatever and the guy who drove us down that my the big guy were waiting for business he was like well i have this like fast pass that's like the global entry but it's only for me i can't just like bring other people in my car we're using that so when we get up to the you're gonna hop out you're gonna get in this line with a bunch of other people trying to cross the border and then i'll pick you up on the other side and so that's what we did i crossed the border on foot yesterday which is kind of a stunning experience and it was amazing dude there was like it was just so different than anything else but i've ever all your peers like on the on the my peers yeah so my peers and and my peers and friends in line they were you know a lot of like single mothers with kids it was like you know not a whole lot of english going on people you know there was a amazing rapper so this this guy was rap i got a video of them but i'm he had no call to action dude he had the like his top of funnel was amazing his like rap was great he had a speaker he was we were he had a captive audience like we're a stuck in line and he's just rapid it all of us and he's frees styling about us in spanish and so i'm sure he was just talking mad shit about me but then i was like wow this guy i got the all the talent in the world and so i was literally like dude i'm gonna get this guy to like make a song like he'll do our out intro for the podcast or something because this guy's so good but he's got no no hand from my illegal crossing it was legal you know it was a legal crossing and he was there and he was amazing and but he had no sign no name you know nothing no no english so i couldn't like dude he was that was his kanye kanye moment and that was his jay i was ready to take them to the top but he didn't have he didn't have it there so you know less has always give people away to you know to to to to take you forward to give the call to action otherwise you know you might just be a rapper at the border for the rest of your life you don't if you don't have that with you you should have told them that oh i tried to but you know vice spanish stops at bib tech i kept play library library and he was like what are you saying man at there and so you know that was that was the end of that so let me tell you about something really quick you have more ideas than i do so let me let me go first and tell you about something because alright so south by southwest is going on this weekend and i went to this dinner two nights ago that was pretty wild so let me tell you about something not entirely related or tangent potentially related at first have you ever heard of the overview effect probably not right the overview effect no okay the overview effect is a cognitive shift that affects how some astronauts that affects some astronauts when they see the earth from space so basically when you take a person there's only been about six seven hundred eight hundred something like that people in space and when you take someone away from earth in space they basically start seeing themselves no longer as they don't like identify with a particular nationality a particular culture a particular race and they just see the world as like this like fragile thing floating around and there's been tons of astronauts too they go up and they're like while the earth is so fragile it's so beautiful it's just floating around and it's protected by this thin atmosphere and basically it makes like or a good thing to have the overview effect well it's more most likely a good thing but really it's nothing it's just like it's just a different perspective where it's like look this idea of like national and borders like that's fine if those exist but that's not really important we're all just floating on this rock you know trying to figure shit out and it's just like it it it changes how a lot of astronauts to view the world and they say they're like i'm different it's almost like an lsd trip or something like that and so it's just like really fascinating thing and this one astronaut was astronaut was like my life change after that like i'm not stress out about certain stuff i see as floating around on this fragile ball throughout you know throughout space and and and just these little things don't bother me because i think that all the a lot of those problems are just made up so it's kinda and and and he said i think everyone should should be i i wish that everyone can be able to experience this so because of that because of that idea there's just one company that hosted a dinner that i went to and it was awesome and basically what they make is this like pod it's like it's like the size of a really small room that can fit ten people sitting down it's like it looks like a like a capsule like a circle and you sit down on this thing and above it is basically a hot air balloon that's a size of a football field a huge hot air balloon and each person pays fifty thousand dollars and over six to eight hours it brings you up above like a hundred thousand feet to the point of you kinda you're not i guess technically in space but it's the thing where you're like so high that you see like the black you know above you and then you see like the dark above you and you could kinda see earth from a distance and you could start seeing different countries and they're doing this because they want you to to like the whole shit is like you know once you see this like your life changes and their first flights are going it's called worldview i think you go to world dot space i think that's our url i've got nothing to do with this company other a friend just invited me do a free dinner and it was i have no idea if these guys are gonna be able little pull off but it was a really good story and this idea is crazy fascinating to me the first flights i think are going live like next year kind of interesting right so you i thought the dinner was in the pot i thought you went to space that's kind of a where first of all that's what i heard i thought it was like you know the space needle restaurant it's like got this tower i spun around i saw the whole city i thought that's what you were saying you did for dinner no my myself my friend was john like it does p for this company and he's like hey i got some spots you wanna come hang out and it i went and i actually met a few interesting people so would drink would your drink was there by the way the guy i'm entourage vin chase it was there and it was it was just this thing what i do it definitely maybe not a for sure no not for sure yes it's i'm really afraid i'm really claustrophobic for really maybe possibly no probably yes is where you're at i would say yeah like the fifty thousand dollar thing to me that's not a deal breaker because i think that's actually pretty a like fifty thousand dollars like change your life and see the world like look at these pictures that's been showing it's kind of interesting right we're you're rich we get it fifty thousand not not a big deal to you so we're doing that part i just mean like if you wanna like buy like if you're gonna like have to buy a car or like experience this like i don't know it's kind of like a it's a compelling offer yeah yeah this is like you you described it as kinda like the go do ayahuasca like change your perspective on life you know it's like seems like there's cheaper ways to change your perspective but alright that's a cool one do do i have a friend matt a kelly who used to do a pod i think he did a podcast it wasn't even that popular of a podcast but one of his listeners was this mega rich lady this old rich lady and she bought him and the other host two tickets on virgin galactic first flight like worth the quarter million dollars each or something like that why so before there's there's like multiple years before they even had the space flight but they like they did the pre sale and this woman bought the two of that this listener bought the two of them quarter million dollar tickets or something like that to go to space it was kind of insane and they did it but i would at that time it was like it wasn't even possible yet like branson had just announced it now i think those flights do run or they're about to run or something like that so i i don't know if you ever did if well hey world we're giving you guys free p and we're giving you guys a shout out if they offered you sean a free opportunity to do this would you do it no i'm gonna say no i i mean bro you could drive across the court across the border to tijuana and walk back and walking across the border will change your perspective that's free so you know i just did this for free i changed my world dot tijuana yesterday well you know that's the that's the i wouldn't do they're cool thing about perspectives is you could have many of them so we can go into tijuana and also we could go to space the this is a good hypothetical which was this way remember it at one one day at lunch at work this was like the big debate it was like if you could go and be a part of the first kinda a space colony or something like that like you get to be one of the first people to actually live in outer space like in either in the moon base or like like bars or something like that wouldn't even consider it of course would you do it and i was like hell no and the you know it's like why the risk like no the boredom what what we can do out there like i like my life here i'm enjoying it so much like all i would do if i went out there to be honest with you i would just think about how i'm gonna tell everybody about this when i get back like that be the only cool part about going there for me is like the moment stunning this of how it looks and then the content i'm gonna get to come back to earth and talk about it dude that's why i hate vacations i feel like half the time it's just like i just gotta take a picture of my parents that's why i don't like vacations so yeah that's i on instagram i i just refused to post on instagram because i'm like once i start performing here this is just gonna be another fucking place i perform so you know choose wisely i chose twitter and my podcast like i don't know i email list so those are the only place i wanna perform i don't wanna perform on like how cool my life is i only wanna perform on how cool my ideas are and that's the that's the one i wanna perform probably better off performing nowhere and not never having to think about that stuff well i i i wasn't we don't have to talk about this but i want us to i i have three goals for us i need to run by you the first goal three million downloads in one month by the end of the year there's nothing you need to do you just show up the second one yeah i i think you'll be talking about those in person interviews and also get like proper famous people like arnold sc or you know like a proper famous person that we could tell someone at the restaurant once so like when people are like i went to the doctor yesterday and they're like what do you do for a living and i'm like a host of and they're like anyway cool anyone you heard of have like no you don't know where any these people are so like like we need like a proper like famous person like you know you follow steph smith on twitter yeah yeah so you know twitter oh no match never mind yeah i i unemployed yeah it doesn't work you know who ariel the whole on is you like so it it just doesn't work out so we need like a proper famous person so i can get cr when i talk to strangers and then finally an in person event we need we need to have them m m summit and at that summit i think you should do a ten minute comedy bit oh that's great dude yeah that would be the pressure i need and also who's also gonna be the best audience i could ever get it's like if ever had a warm a warm audience like it's the motherfuckers that would pay to get the neck beards that would pay to come see us at the summit you know hang out with us like they're that's the close i'm gonna get to a laugh yeah trying i think you can do i think you could pull it up i think all in some why we're not doing such a ranch it's not set up for like i what i think we should do is like three to four hundred people and i think that we should have like maybe two days of events where it's just like one or two times of us talking front of everyone but then lots of smaller sessions of people hanging out and i think we should only charge like five hundred dollars so like just enough money to make like a profit that's interesting but not high enough to where it prohibits people all in summit is seventy five hundred dollars for a ticket yeah that's bit pricey yeah yeah i'm not even getting to go to space or the border so fuck that yeah you can get like one fifth of the way to space with that with the price of it all inside do you know how many tacos that get you in tea on seventy five hundred dollars i could have literally fed the town of tijuana yesterday with seventy five hundred dollar was to say oh the yeah we should do this summit thing why are we doing like here's the trick okay so like if it's like a meetup for the conference and we then it's like oh shit we gotta have like i don't know speakers or like you know we have to do a good job we just need to make this like a vacation so like we just need to make this what would already be a cool vacation plus we're there and there's stuff going on and so so i think this needs to be like a cruise and it's just a cruise ship and people can hang out for three days and we're there and other people are there there's some talks but like fundamentally it's a cruise which is already like dude to this worst case scenario it's a cruise best case scenario we are awesome on a cruise ship i'm down i i i would prefer not a cruise but i get the idea and i'm down with that and like we get you and me ben we get like a like wilkinson staff maybe robbed geo war to com oh i don't know like the bank name other non famous guests yeah i'm like the he's oh we have like i guess do you use deodorant yeah oh do you use all natural native no there is one and he was on the podcast mask yeah it's like a oh you you like tom cruise yeah we had a guy on who looked at just like he has a keto blog but he looks a lot like jung guy he looks just like tom cruz oh alright what do you got can i tell you okay so on this trip to mexico i saw three or four things that i was like tell me more okay so i'm just gonna go through them and rapid wrap success and by the way i just got back like a midnight last night so you know i haven't had time to like research a whole bunch of thank your first time in mexico no but i like i got shit on bad for the if the guy was hosting me there he's like you guys are is this your first time in mexico i think he's i was like are we in mexico right now he's like yes i was he's like this your first time i was like no no i've been to he's like don't say like cancun or cabo or like a po and i was like yeah those are the three that i've been too like okay it's your first time mexico then dude that i hang out you i've i've hung out for like collectively a month or so in mexico city mexico city's dope mexico city's is awesome i would live there for that's what i heard and then so again so first i you know like here's my my my conversation with this guy so first i dig myself in the hole with the ariana mexico and it's a yes then it's have you been to mexico and i'm like yeah yeah yeah i'm trying to build rapport with my cancun trip he's like nah and then the third one is like but i heard mexico city is awesome i got a couple friends who swear by it like they say it's like the one the best cities he goes yeah i don't go there super dangerous gloves so everything i said this guy like an extreme counterparts punch to me and i was like alright i'm roll down the window and just stick my head out like a dog is that cool i can so awesome alright so i go there and i'm looking at like dude have you ever been inside factories you probably have i think most people have how have you been inside like any kind of why do you think that i've been in the factory you're gonna be like i don't know like my like a cousin bubba has like a bubble down factory you're gonna be like i don't i went fishing for i went fishing recently with my father was like hey so how do i set this hook what do i do i'm was like dude i don't know i'm never god fishing he's like why why did you just assume that i know how to does dude did you leave like a guy you just like like i'm scene for sure like a guy it's goes i mean i i've watched documentaries on it like do or do you not have a favorite place to fish no of course i don't have a fishing hole that i go to but no i've i've i don't think i've been to a factory not really like what type of factory it doesn't matter any factory whatever factory you go into it's fucking mind blowing how like even to go to a warehouse like go to you're been inside like an amazon warehouse or like a yeah a food warehouse like how the food gets to restaurants yeah it's insane in the same way that like go to a farm is like slightly crazy and you're like whoa i eat these these i eat these edible like oh wow you know that doesn't seem right but like basically a factory if it's kinda stunning like if you take any object on like okay i i'm holding this microphone this is sitting i'm like this is the foam cover of a microphone there's some like huge factory that like is churning them out if you just go back to trace the process of how this got to my desk so okay i just go on amazon i just microphone i don't know maybe this one i clicked that i buy right so it goes from an amazon warehouse onto a like amazon warehouse packs it into a carrier carrier brings it to my house puts the package on my doorstep okay great how did i get to the amazon warehouse well first it was in probably like another warehouse before it even got sent to amazon before that warehouse it was in a factory being made by human beings puts i so actually before that before it got to the warehouse it was on a boat in a container like sailing from fucking china on a boat with human beings just leaving on the boat as it sails for months you know two months to to the coast and then it gets like un you know like docked and separated out of a container ship and like humans beings are there in the factory there's human beings you know i don't know how how many you know small children died making this foam cover but it's like the amount of work that goes into everything that's sitting in our house just arriving there is insane to me like just the material so where did the material for this foam come from right there's like a you know if you're cotton right that starts in a field somewhere gets plucked it gets plucked and it's gets pulled and it gets processed and it gets shipped and then it gets the it gets manufactured then it gets printed then it gets manufactured again it's like that is insane yeah where's the energy and to the point where i'm kinda like we're kind of ruining the earth and also people's lives like you know like to get i canceled all my shirt well i i canceled my amazon prime i was like man i feel guilty like i i ordered something and it's like so much energy behind the scenes went to ship this of course i only see they ship a dongle to a computer a small ass thing with right bubble wrap in a huge box and i'm like oh this is horrible and then i have to pay money to pay a truck to come pick it up because i it's too much you know bias car for me oh yeah and then the could the truck you know burns gas and then takes it somewhere else and fucking dumps it somewhere and then if someone else's problem right like so it's just kind of for like on one hand i'm amazed that the system even works like the fact that the package gets from the factory in vietnam to the warehouse and then you go to the warehouse and there's like an unbelievable number of boxes and then they get sort you picked and packed into the package and that gets shipped and you if you ever go to the post office like if you go to the post office and you you should just ask them be like hey can i see what it's like behind the the door there think like what why like i never seen a post office they'll open the door it is like santa's like you know elves factory basically it's like the most unbelievable number of packages and you're like where's is this system like aren't there convey belts and they're like nah we just got these like trolley and then we just kinda keep them like you know the ones going over there they stay over in this area then we we'd hope we don't lose them it's like wow this is insane that this system meeting with it is pretty crazy that you incredible achievement it's crazy you can mail something from california to new york for like forty five cents and it gets there like forty days that's what i'm saying i'm pretty reliably i'm like it it is on one hand amazing and on the other hand is horrifying the amount of like i forget the environmental side right i'm not even that environmentally conscious is not like something that i think about all the time i feel super guilty about i actually feel more like the human energy and labor it and just the amount of effort and resources it took to get this thing to me it makes me think like you know we had like david fried come on the pod you you weren't there for that one but the thing he's doing which is basically like hey he's doing the same thing in the drink industry which is like instead of you know putting twenty liters of water to grow grapes that crushed the grapes turn it into wine add sugar alcohol pack it up put it to a you know send it to a a bottling factory then send it to a warehouse then put it on a shelf in a store then drive it home and then put it on a shelf in your home like he's like why don't you just like manufacture it in your home using this little printer that'll print a drink for you and and it's like oh yeah that cuts out like ninety percent of like the the you know this like energy and like kind of resources and and time and effort that goes into to bring this drink to my you know you know to be able to drink this drink so i just feel like more than ever that was like that that was the big wake up call that was my going into space moment was realizing for every single product every shirt every pair of boxer every sock that i own how much goddamn like effort labor travel resources goes into it and realizing that that's not gonna be the way that's not gonna be the way forever and like this kinda like three d printing you know like sort of basically like manufacturing just in time at the point and cutting out a whole bunch of these like factories and warehouses and all that other stuff that needs to happen was my big wake up call i wanna ask you about then what else is there that you can do that for but before that have you ever gotten into the buy for life movement you have i told you about that no but i think i understand it from that what is it it's like a eco friendly way of like fine yeah i don't it doesn't have to be rooted in eco friendly it's not for me but it's a perk there's a subreddit that i subscribed to is called buy for life and what you do is the the idea is just how do you just consume less stuff and how do you just buy the best of something that hopefully can last forever so an example do you remember as a kid did your mom ever have a kitchen aid mixer yes okay so kitchen aid mixer kitchen eight's is a brand and the mix like it's the thing with the bowl underneath underneath it and like the arm that goes above it and it's spins those are like six hundred dollars they're really expensive but they're famous for lasting like a lifetime like you can use an at antique one and it works just is good and another example is if you're gonna buy like a coat like there's like you can maybe buy a really fancy leather coat and you're willing to spend two thousand dollars as opposed to buying a three hundred dollar one because it could like last forever as long as you fit in it or pat actually does that too they'll fix your stuff forever or there's like a bunch of furniture there's bunch of shoes like different type of of shoes you can buy it instead of them whenever they wear down instead of throwing throwing them away you can just get them fixed and so it's the idea of like how do you buy one thing forever and it hopefully can last forever or buy one thing one time i have last forever i feel like you do stuff like that this ben do do you have like objects that you stuff that you buy that's like meant to to sort of last i don't know why my hunch just tells what you do the funny thing is my dad does this but not out of like like environmental justice ideas but just like because he's crazy that way of like he drove the same car for twenty two years and just like couldn't bring himself to buy a new car and always shines his shoes because he's owned the same shoes for like forty years and so that like kinda got ingrained in me as like a good way to live and so i do do this a little bit it's awesome it's fine and also like some of your shit as you wear it in in it actually looks cooler right you're good at doing this which is you identify these like lifestyle trends it's like do you know there's some people that are like you know not eating food anymore they're just drinking whatever soy lint you know like you know there's people that just micro dose lsd every day like these are kind of famous examples but i feel like you've told me about like thirty of these in the time that we've been friends and they're like dude have you seen this like you know subreddit it called you know fat fire or whatever like you always have these like you you like pick up pretty quickly on like there's this weird i not even weird it's just like there's a group of people that are deciding to like live under a different sort like paradigm or different motto or creed and actually that i think you just like is it's interesting but that also is like one of the best ways to build a business around that lifestyle because you can speak to that audience so you could your differentiate a product super easily to that crowd and i i seek the i seek those things out so there's a bunch of things that i i don't agree with or i don't i don't wanna live my life that way but i love just like seeing it i like seeing how basically i love freaks i like weirdo i considered myself a weirdo and i and i i love a good freak show i just love i'll like i remember i the first time like three years ago went to my friend's house and he didn't have a microwave i'm like what you know microwave he's like well it's bad for this reasons and i was like you're free like like what we all have bike ways so you're the weirdo and then i you start thinking about it i'm like okay tell me why why do you think he might be right and i'm like okay there maybe there's a point there or like my friends a lot of my friends now refuse to use plastic tu or plastic anything that you eat with and i'm like well why i just put my thing in microwave who cares and so like there's a bunch of little things like that that i love learning about yeah i remember when justin mayer came on you you were like let me guess you don't have a microwave in your house he's like yep and i was like was a fucking weird spot on question to ask somebody that i don't think you knew the answer to ahead of time and then that got me thinking about that this this exact life i lifestyle you're talking about in fact mo so mo started deep native deodorant which was around one of these trends which was people wanted an all natural para free aluminum free deodorant and he saw that on etsy that was like a really high selling item but it was like in the etsy kinda handmade artist artisan and goods like bubble and his bet was that people once you kinda speak to that value system of like not having x they might be willing to pay more and be become a like switch deodorant brands if you like built a brand around it he recently tweeted something like i goes billion dollar idea water that has not touched plastic so it's a water brand that has only been like in glass containers or like know basically like from the whatever like the mountain that this was it was gotten it hasn't touched plastic until it's reached your lips and and it's not that was funny it's like this this plastic thing is is you know real a lot of people are anti plastics but yeah so that that means like for every product where plastic is core there's gonna be a alter alt product where plastic is not not like not used so whether it's tu or like for me i drink water out of you know we get those big five gallon jugs or whatever clearing in the house out of a dispenser that that's a plastic container it's sitting in the whole time until i drink it right so it's just a giant water bottle and so there's like there's there's these trends where you can look at okay where is there like if there's an anti plastic trend where is their plastic and can i create an alternative if there's a plant based vegan trend how do i make alt milk alt meats alt whatever right that becomes like a a a blueprint to building a great business so there's a few companies out right now you might know their names i'm gonna try and look them up but basically there's this trend amongst products that you use daily that you run out of so like toothpaste laundry detergent advil bottles things where the bottle isn't is just like a way to get it to you but it's kind of bullshit that you have to throw it away and so they're making all these products where they send to you one package and then they send you like whenever you need it just a something to refill it like little or like like literally something you pour into it do you know what they're called do you don't know but i've seen this for toothpaste and i think it's a great idea i think this is great i love this idea and i at first i thought it was small i think mo was the one who told me i'm pretty sure he said it's like killing it you don't know what i'm talking about i forget what it is no i don't know the name i'll to look up of those but it it they're crushing it i know there's like for cleaners i think there's one called blue land i think does a blue land do this is it blue land yeah i know you're come out yeah and it it's like chemical free containers and then they send you one container and then they you you order something and they i i don't know exactly how they send it to you but you just like pour it into the thing right send you a plastic pouch that you throw it yeah i yeah i think it's like less less bad by the way speaking of these kind of like niche crazy people i got two for you so one is we talked i think about anti r slash anti work do we talk about that on the podcast i know i don't think we talked about it but it pisses me off so there's r slash anti work which you should explain that and then i have another one that's the the counter to it so first explain r slash anti work i don't even entirely know how to explain it bit it it was i'll tell you the background from what if i remember correctly it was started eight years ago but like in the last three years since the pandemic is when it really got popular it was made up of a lot of people who were waiters and waitress and they were pissed off at how they're being treated and it's started out as like a labor movement thing like we need higher wages we need this now it's like got eight million ten million subscribers on on the subreddit and it's people complaining about like you know my manager set that like they fired me because i told them i was busy when i need to come in and they just basically shit on anything where it's like demanding of of workers and so i think so so here's their said here's what i think their stated thing ben you tell me if if i'm being too harsh on it if you find a more generous explanation but here's what it says it is a subreddit for those who want to end work are curious about ending work and wanna get the most out of a work free life this december has cracked over one point four million members by the end of twenty nineteen which it's gotta be a lot more than that by now it's eight million now and it it was sorry one point oh my god i sorry i think one viral after a warehouse worker post a screenshot of a text they sent boss and then that basically made other workers the other workers like kind of like saw that were inspired did the same and it was part of this like you know the great resignation that people were talking about and then there was like this funny clip where they put they took a mod from ars such anti work and they went on fox news i know have you seen this and this the person got destroyed it was a embarrassing then it's like anti work person gets destroyed by you know fox anchors like the video which i didn't like i didn't like like that i hate when they do that this person clearly like is not that smart i think and like they it's very easy to set them up to look silly in that in those cases the subreddit also didn't like it because they're like dude horrible representation of us on tv did not articulate our points and you know why did you go on there like this movement is not about you getting your personal fame you know to like do this we kinda i think they had some rules around like we're not gonna do appearances or speak to the media unless we kind of agree on what the message is and so this person went rogue i guess and and did that but but they basically embarrass themselves where they were like yeah just don't wanna work and then i like okay cool so like you know do you you don't wanna work at all or like no like i wanna be able to do what i wanna do do wanna do like wanna teach people i he's gonna wanna i wanna be a teacher and he's like you wanna be you wanna be a teacher yeah you know should which should we let you teach basically was kinda like the the end the point that they were kinda making but anyway so this there's anti work which went viral then there's have you seen r slash overworked no what's that it's the exact opposite it's people who are using the pandemic that kinda remote work lifestyle to be like they call that having the multiple jobs at once so like they'll their lingo is like oh yeah my j one which is like my job one it's like j one has great benefits and so i'm just picking up my j two and j two i'm just gonna do ten hours a week with this this and this and i'm gonna use that to invest in these things right it's so it's people scheming together about how to work multiple jobs at once and as remote workers oftentimes it seems like without the employers knowing that there are other jobs so they're like being simultaneous employed without being super about i think that's the message i could be wrong on that and it's it's people who are trying to get to financial freedom faster by saying like yeah like actually i have the capacity to do like multiple jobs you know instead of sort of spending forty hours a week on one job like i can actually do a good job in twenty hours a week on two jobs and get paid that that's the optimistic way to look at it the probably realistic way like i'm looking at the top title and it says j my j three job forgot about me today and they say i started my j three yesterday and i started i mean i was giving an orientation on zoom and no one showed up so now i'm just sitting here on the payroll right yeah yeah this done before were like yeah let's beat the system and so there's like basically a counter movement but that kind of always happens there's like a there's like the movement and then there's the counter movement that comes shortly after and like it kind of polarizing and then there's mainstream which just does things the way they've been doing them and they don't really pay too much attention to this stuff and so you know that that's kinda common for for many many many many of these movements i think subreddit are a great place to look for that that's so interesting so there's this book that i've been meaning to read it on my to read list and it's called bullshit jobs and so it's this premise that like i i i think there's a professor some guy from school and economics of london or something like that and his whole like i i i'm again this memory didn't research this much his whole idea here is that most jobs out there in the world like at least in white color world like it's it's just kind of unnecessary like and and to summarize it is like take a company like hubspot amazon twitter like what would happen if you like laid off two thirds of the people like would it would anything do we do we think anything would change other than the company would just make more profit and this guy says in in most cases yeah it would actually it would it would run just fine in most of the jobs that you have are just worthless and i i kind of agree with him i i i i agree i kind of agree when i was i don't have knowledge of it other than just personal experience but i don't it does sound like it and it's hard because there's no counter so you don't get to run the test and actually you know it's run you can't split test and and run run both versions and see which one ends up better but i i've had this inkling for a while when we were getting acquired and i we were getting acquired by twitch and as part if they're like hey you gotta like you know basically like your whole team is gonna come in for a day of interviews and that's gonna decide kinda like if we take your whole team or not and i had to do my interviews as well so i'm going in there and they're like you know the classic job interview question job interview structures like i ask you a bunch of questions for ninety five percent it and that'll last five percent of it i'm like so do you have any questions for us and then you're supposed to say something that's also just you showing off to like you know yeah show some other strength of yours you know in in a different way and and i had one genuine question i asked it to every single person and they were kind of like taken a back slash they thought i was kind of a jerk some people thought of they reacted kinda well like refreshing i don't know i you know i haven't really thought about it but i could tell other people who were slightly offended by my question and my question was i would say how many people work at twitch and they would be like know i think we're at eighteen hundred or two thousand people now i said and how many people do you think i forgot how i phrase it i was something like how many people do you think twitch needs to hit its goals and i was like how many people do you think should work here alright that's how many people do work here how many people do you think should work here and people are were like that's why i asked ceo of this question too and he was he i give him credit because he's someone who like prioritizes the truth over being right like getting it right is way better than being right but he's also like a kind of a fierce debate so he's not just gonna like lay down and be like oh you know yeah you're right i changed my opinion about things like so he like he took the question and he didn't like i wouldn't say nine out of ten ceos would get quite offended by this question because it's basically implies you've mis misunderstood the company by bloated great what it's a great question i would not be offended he was not offended either and he was like he was like that's a good question he's like i think like twenty two hundred so he was like yeah i think we're a little short of what we need to hit his goal and he's like he's and then he his take was basically like you know i'm not saying we have all the right people or the most talented people or that like there's not people here who are underutilized or just kind of you know the fat i wasn't really his point it was like i think we can be this much this ambitious and to do that we would need you know like twenty two hundred awesome people like working in unison i still think he was wrong i think we i think you know the company feel i third of the i i would have followed up with a few questions the first one would be okay but do you think that you need to hire twenty two hundred people because you know that only ten percent of them are going to be actually value bad and you just have to hire the the rest in order to find that ten percent and then i would say and also is it possible that you only that you think you'd need twenty two hundred because you really only need like twenty percent effort from all those people and that's what your expectation is bad and then finally how much does redundancy come into play here how much do people are you just paying them and you just don't wanna mention to them but you're paying them to sit on the bench and when the person next to them quits they just are ready to roll right yeah i didn't i didn't follow that hardcore about it but i think those were you know very like valid valid points and also you know one thing i i kind of learned from him was like let's take that redundancy one right sounds bad right it sounds like oh man you're paying a bunch of people to kinda do nothing just sit around now it's insurance and he's like that was exactly his take which is like i think it was on speed i was complaining how slow we were going and he's like speed he's like going slow sometimes a feature not a bug here and he's like or like innovation was like man we're not really innovating everybody else isn't even say this outright but i i you know i gathered this through our conversations which is like there are some things we're gonna innovate on but actually the optimal strategy here is to let a bunch of startups go out and try to innovate and then if anything works either buy them or or clone them like that is actually the best way for us to innovate it's like the it's free we get way more experiments done by super caliber you know super hungry motivated people like startup up founders and their teams who are laser focused on just that one thing and they'll try radical experiments that we would never otherwise do and we don't have to fund it but we can sit back and watch it and then when we're ready we can either go try to acquire them partner with them or if they don't wanna do any either of those we could build our own and just use our distribution in our brand which you know we have a if we have a you know x millions of users then we should be able to out compete them from there and my issue i think that's actually is the optimal strategy i agree with emmett i think on most things i i would imagine i would by the way i should i just say not putting words his mouth is like what i gathered from a bunch of bunch of different conversations i'm sure he would disagree with like you know forty or fifty percent of what i just said some phrasing him poorly yeah and it's just like your opinion on your takeaway my take of his takes i'm and i i think i would agree with i bet i i would agree with a lot of of what he thinks my issue is when you're like a small company like under fifty people you're all in it a lot of times you're in it for a mission you're in it to achieve something i think that you can get away with just being in it because people just like being in the thick of it with their friends like they just like the action when you get a little bit bigger i think it's less mission oriented and you're and and it's just a job but you still have to put on this face like this to inspire people and it kinda sucks because the truth is is like well you know i i know that you know a lot of you are only working forty percent and that's i'm okay with that i baked that into this i know that a lot of you aren't working at all but you're really just hearing in case the guy next you quits and then hopefully you're gonna train the next person and i know that a lot of you wanna innovate and try these new things but that's not what we're gonna do we're gonna keep doing in the same shit just a little bit better and then maybe every once a while i'm gonna have a team that makes something totally new and i know of this but just tough and figuring out how to navigate and but have that like to say what i just said but in a really inspiring way or unfortunately just lie you got a lot act is actually the best way yeah you just act you gotta just act and pretend and be a politician a little bit i find that to be incredibly challenging but i think it's incredibly necessary yes yeah you you're you're spot on you're spot on with that you were spot on with with what you just said do you think you could do it you know the i think the thing you said so you have you ever heard a dunbar number yeah what's it mean again so dunbar number is basically it's hundred fifty that's the number and it's meant to represent the number of different like how many people people know how many people you are familiar you you you like know their name their face how many people can one person know actually somebody like i got six thousand friends like now well you don't really know six thousand people and so dunbar number was was used to be hundred fifty like in a tribe you could know a hundred up up to a hundred fifty you could know everybody in the tribe past a hundred fifty you don't know everybody in the tribe and then tools like social media and stuff came out that kinda like it's like a tool for the human body to like do more so it's was like you might be able to know and keep up with more than a hundred fifty p people now because facebook makes it easy with the news feed and photos and their name is listed there and whatever you could see it all the time i think what you're saying is like your version of dunbar number which is fifty inside below does dunbar bars dumb par number oh call it it's below fifty below fifty the people who are there are like you know down for the cause like the the the the the larger priority obviously they care about themselves but like a bigger like one of the top factors either number one and number two can be like the cause and then like or even just like just like you know like that kid who said he wants to do hood red stuff with his friends like that that could be the cause like i just wanna i just it's just there was a viral video like years ago and it they interviewed this like nine year old who stole his grandmother's car and crashed it and the guy was like why did you why did you steal her car that's that was really bad of you and he goes he goes i try to be good but sometimes they're just like doing hood rat stuff at my friends like smoke cigarettes and driving cars play the video play the video bed you gotta play that really quick can you play it along the way he ran over two mailboxes hit two parked cars in a costco parking lot and struck two moving cars near walmart i wanna do because it's fun funny to do bad things driving into a car did you know what you could perhaps kill somebody yes but i wanted to do who stuff from my friend first of all that's how i feel about startups the youtube feature for this podcast just took us to a whole deal level already first one is great second we need to pull the clip of yeah just sometimes i wanted who could differentiate with the friends and that needs to be a sound clip bend that you can just play when mirrored sanders talking about something dumb that we're doing so just just go ahead and cut that one out that's the best part about that's the best part about startups like i don't care if it's ad tech i don't care if i'm phone clothing i don't get like it's be like shit when you're when you're like pulling shit off and you're like kinda f into people and like yeah you know we've been we're we really care about our customers our team is it's like just the of you and you know this like you're just like trying to pretend that you're a big deal like that's hood rash shit and i love doing that with my friends but i wanted to do who or stuff from my friend by the way have you struggled to do that at now the try a big enterprise you know saas company that's like worth billions of dollars and hood ratchet is now frowned upon and you're like i just yank it i yank it you can't and they're like you just yank it sam why did you do that we have a process for that like because i definitely could think of like two or three examples where i was bragging about something i did that was like the startup up scrappy thing well i would just be like yeah like you know like for for example there was like a competitor and i like went met i like talked to the founder and i was like yeah like you know i basically found out a bunch of their numbers and i was like oh yeah you know they're growing this fast this how that doing blah blah and they're like well how do you know that and i was like well talked to him i i told him i was in interested and blah blah and they're like i was like what and they're like well you know we just usually we don't we don't do hood rich job basically he was like the the reward i thought i was creating was like well we're gonna need to talk to legal and also corp dev is gonna have to you know we have a guy whose job is to have those conversations and we we typically sign a lot of engagement before you know was like whatever it was like not the exact example but like things that in the start when i doing my startup i would be so proud of my hack about like whatever or like i remember once i was negotiating a partnership deal and like basically else is like really negotiating for like every like every inch which as a startup up i used to love winning a deal like doing it getting a good deal for ourselves and and they were just like you know they're like you know what like we'd rather just use our standard deal and it's more favorable for him so he'll be happy and we don't have to like you know let you like negotiate deal by deal on these things and like you know in general you don't really want you to negotiating directly with the person we have like partners with people who do that you're they were negotiating you're like the big of basket guy it's like dude do you need a tow i'll get you a tow i can i i'll get you a tow if you need a tow can i let me ask you a quick question before we wrap up do you think okay it the this question isn't a good question because it is in fact possible and i i have many of many examples but getting wealthy like we're talking nine figures liquid net worth wealth getting wealthy do you think it is i wanna say impossible but it's not so i gotta have to change my change my question but i'm gonna say it with the possibility anyway is it is it really hard to do it just from cash flow or do you think you have to sell sell something sell the business sell real estate sell something capital gains versus income you're saying liquid so not paper not not not your paper at worth liquid which includes think things that could be traded in thirty days very hard very hard to do just off cash flow i i believe i think you know it's just much slower right because you can i mean this look at the basics right like when you sell something you're gonna sell it for some multiple of the free cash flow that it's gonna generate for you right and so so just by definition right or twenty years sometimes it's five x sometimes it's ten x sometimes it's twenty x sometimes it's three x whatever there's different multiples for different industries but like fundamentally it's a multiple which is a multiplier on how fast you're gonna get the money the value out so let's say to get to a hundred million whatever number of years that would take you then have to divide that by five and that's like how fast at minimum you could have got there just selling the the asset and get it in taking the five x multiple right so so you know of course you can get there but do i know ways you can get there with the same speed i don't think so because you even those are like i take the cash flow i invested in the thing and then that thing grows faster and like i can sell my stake in that so you know because it's like you you have a choice so you could spend your time you know you could spend your time building a service or some type of business where you can make significant cash flow two three million dollars a year not work that much but it's not necessarily an asset that could be sold so there's a few businesses like this or it could just be like like the way the this podcast gets paid like it's not like a particularly maybe but maybe the podcast is not like an example but not you know what i mean not necessarily an asset like your m course your m course is not an asset that could be sold yeah but it could potentially make many millions of dollars a year versus you just say you know what screw it i'm not doing that because i have to build a business that could sell so do you prefer do you think cash flow or or or or an entity an asset that is independent of you and can be sold i don't know i don't think do i prefer really the right way to think about it it's like you need both right like for example i you need both for two reasons one is maybe you're gonna use the cash flow to invest right maybe what you're gonna do is you're gonna buy great assets to let them compound over time well where you're gonna get the cash flow to begin with right when we had andrew on that last week he's like i i took the cash flow from the design agency of meta lab and i used it to buy majority stakes and all these other businesses and then let those compound over ten years and like boom you know so he reached you know that goal and more doing that and so you you know maybe you need the cash flow to make those investments right like if you you'd don't have no cash flow how are you gonna invest in anything and secondly i like to live a good lifestyle so sometimes cash flow business are great because it's like yeah sure compounding is awesome but so is you know like if i can got know gucci shoes or whatever i choose your choose your thing you're into like yeah gucci shoes like sometimes those are better than like this yeah do right here the asset whenever i hear buffett talk about the long term and like patients i'm like bitch your like ninety five like there is no long term there you don't have pay you you shouldn't have patience anymore you should have like you should immediately spend whatever you wanna spend there is no such thing as a long term view for you at sam park doesn't see like the headline sam park colon to warren buffett bitch you're ninety five there is no long term you're right what i think about it his strategy well i'm just like you know like if you wanna do extend you hefty fine but like and bezos talks about those too like a long time i'm like i mean you don't really who cares like you know just live life how you wanna live you got it yeah and so i've always it's like why are you delaying and all way it always pissed me off i'm like why are you delaying to have the best timing of your of your life when you're like old and don't even wanna do shit right you you don't have to do that anymore yeah yeah for sure and you know some people are happy along the way and that's that's fine but like yeah i feel like you had an i feel like you asked me this question because you had an opinion or a story so let's just skip it out because i think you have a good opinion your story on this i don't have a no i don't have a opinion yet but i'm like with my life now it's like i can i i think that it i think in six to i think in a matter of six months i could probably create a business from scratch that does a million dollars a year in profit it would be based off of like my image i'm not saying i have that i'm saying like i i'm sure i could do that plus with like a couple other side projects i think i could very realistically have two or three million dollars a year in cash flow easily but very but yeah easy and maybe i do already have i don't even wanna say i do or not but i but like if you did that would have been a weird way to say what have been weird i've done cove but okay let's continue on i got some cool shit going on i'll say but and i'm thinking about where i spend my time and i'm like is it actually worth it like or should you just not care about cash flow and build something that's like much bigger that you could sell i don't know i'm just trying to figure out like where do you actually spend time the real answer is what gives you most joy yeah exactly and and like whether you don't work backwards from do i want cash flow or do want long term you know capital gains that's not like the starting point of a decision you kinda just need to make sure you're winning in one way or the other don't be weak in either area or like don't be weak both basically is like the way to it like example you could buy a home in san francisco you're gonna have terrible income from that property it's not a good income property because in most places in san francisco your rent the rent you could charge somebody is not gonna out pay the mortgage plus tax insurance cap but you can go buy you know some home in whatever you know houston or something like that it can cash flow thousand dollars two thousand dollars a month and it's good income property but it's you know gonna appreciate super fucking slow whereas the the san francisco home you know in ten years is gonna have you know whatever more than doubled in in value and so you know it's a there's appreciation properties and income properties the same thing like i think you just do whatever gives you the kind of whatever whatever gives you juice today and you think mike give you juice going forward and then you gotta say alright before i do this i gotta make sure it's gonna be strong in either one of these either it's gotta be awesome for cash flow or it's gotta be awesome for for appreciation if it's awesome for cash flow basically i'm just gonna use the cash flow to buy assets that are gonna appreciate it with somebody else doing the work instead of me doing the work it's you kinda end up at the same point either way yeah i don't know i've been thinking about like how to spend time you know who's killing it and he's done a really good job of like putting off making cash is our friend nick hub i am an investor and so i get to see some of the numbers of his storage deals and i don't think he crushed it like in terms of personal cash flow for a long time but like the way that things have compounded i'm like oh holy moly if you just eat shit for like six seven years to pick the right asset things look really cool yeah yeah i think he's done great and also i think he is like a i think he personally has great terms for with his investors meaning like i think it's favorable to him yeah incredibly bad way but like he makes sure he gets to eat right where at the beginning if you have no capital you're like you know you sort of make a deal with the devil in a way where you're like alright i'm gonna take no management fees no acquisition fees and a low carry and now he's like look i'm good and i know it so i'm gonna take a higher fee higher care higher acquisition fee and i'm gonna take you know my my healthy carry you know you know good on him i think a lot of people in real estate are able to do that pretty well i know somebody crushing it in real estate and they they do just that they they have like you know fuck fifty percent carry on the deal or something something crazy and they're like yeah because my deals are off make hits and i win so like it it doesn't make sense for me to do this at any less than that and i'm like there's this that's like next level winning there's this awesome you know who fo fighters are you know dave girl dave girls the lead singer of fo fighters yeah and they've been writing and hits forever and before that he was the drummer under nirvana so he's like just wrote hit after hit for a long time and someone asked them about he's like you know you write hits and and what's your process and like a a fan was asking about old music and the and but and he stop me he goes wait a minute let me cut you off here he goes i don't write deep cuts i write hits and it was just like he's like everything i write i brought it to be a hit sometimes it is sometimes it isn't but it is it's all meant to be and that's like your real estate friends he's like i write hits that's why he gets that fitness percent carrie exactly exactly in respect i i respect somebody who's like i'm playing the game and i play to win the game you know i'm not playing something else i'm not gonna tell you i'm not playing the game i am playing the game i'm playing to win and it's actually like i really respect people who just clearly play the game and they're like open it and like yeah i play the game i'm plan to win and here's you know like good if you if you dislike the game or dislike me that is your your choice and i actually dislike people that are the like vi signal types where it's like they are playing the game but they'll do anything in their power to like make it look like they're not playing the game and there's a lot of that like in silicon valley there's a lot of that here's how that plays out that i see there's person starts the company bullshit about like why they're doing the company or why this problem is the problem they decided to spend their life like no like you're you know you're doing this because it's good business not because you really wanted to help you know small to medium sized enterprise businesses save money on whatever right like that wasn't your actual intention you probably like that you have happy customers and that they're good you know you're helping them but like let's be real like we're the one don cloud have you ever seen on silicon about we're saving the world one cloud processor at a time or symbol bullshit it's like yeah so and then they're like then i got the they're like the someone calls out they're like dude this is all rich guy like kid rock just was the the singer for the for the for the show and he's the poor guy here yeah exactly and so i think silicon valley you see that a you'll also see that with the origin story about like you know why they decided to do this you're like oh are you sure you decided to do this because you your cousin got diagnosed with this you know rare thing and that's why or or was it that you ran paid ads at five different products and this was the one with the highest click through rate so i'm pretty sure when i was talking to you it was this was the highest click through rate cool that's my company right like there's a lot of that so the other one guy okay the guy who started dollar shave club i saw an interview with him and some of the times he's like i started dollar shave club because i was just sick of going to walgreens and i had to ask them to like open up the razors and then another interview who's was like he's like man my father law's is like crazy and he likes this to buy random stuff and one time he bought a shipping container full of cheap razors and we just had to figure out a way how to sell them all yeah exactly that's why we did it exactly and you know i'm in the two percent of the population i think you are too where we're like oh sweet respect for trying to flip storage container and then realizing there's a business there versus like you know i you know the the the kind of like the shark tank version of the story which was like we were just so fed up with our options right and like i get again i get it i've done that i might do that again but i am my a little bit disgusted by it yes same thing with same thing with i'll do that we're usually when i business partners not when it's my own business like when when when i'm when i'm the only i get to just be a cowboy on my own i'll just do it what i want again i don't care if this bad for the business is fine the the other day i eat a a an entire jar and one sitting of peanut butter from and it was the jiffy cheap shit and i just felt so bad about myself but i didn't regret it and that's kinda like how you feel but i wanted to do who i stuff from my friend mission statements are like a a pint of better of jerry's like it if it it feels good doing it and you may not regret it but but you feel guilty about yourself the the other version of this is like people who on twitter are like they call stuff like shit posters or they're like you know they basically yeah they basically try to signal like now i'm not gonna just i'm not one of those investors who blogs about content and tries to yeah i'm a cool i'll tell you the real deal and i'll i'll make jokes mobile blah it's like they're the ones trying to carefully curate their brand more than anyone if you actually meet these people they're like so conscious about their brand oh and like you know how how how many followers they're getting and like how viral their stuff is going and like they are you know like they're they are so meticulous about that stuff while trying to give off the appearance it's like bed head right it's like oh no i just woke up like this it's like oh you're sure you don't use a product called bed head that like you know like makes it look slightly messy but like you know you're actually caring where every strand of hair goes and so you know i have more respect for like people who were like yeah like you know like pump or saw hill where they're like yeah like people really like to hear about bitcoin so i just tweet bitcoin shit all the time it's great like i like bitcoin and they like bitcoin so i'll just tweet like i'll just set up a calendar i'll be like yeah i'm gonna tweet bitcoin stuff because i figured if i a big bitcoin following that'll be really really good for me and or like i was like yeah i put it i put out these threads about these like finest topics because i think i'm good at it and they go viral and then it gives me all these dope connections versus like you know i just want like i feel that knowledge is you know knowledge needs to be accessible for all and free and that's why i need the democrat size knowledge yeah i wanna democrat financial knowledge i used to work on wall street and the insiders know things that they're the rest of us don't so i quit my job and started of writing twitter threads about finance to democrat finance it's like no no no no no you didn't do any of that you wanted followers so you did what it took to get followers have you noticed how the word to democrat is the new disrupt democrat like you know what is democrat it's the new democrat the new like no offense but that's a democrat democrat like i'm about to fool you this is good for me and not good for you but i'm gonna fool you by saying i'm democrat something for you buy my service buy my product yeah but by the i i do all i do though this myself i i again i know it i spot it because i got it alright i've done all this before with my e ecommerce brand i've done the origin story thing with my fund i do this too like my fund is called the all access because i wanted to give access to every the access to all be able to invest in the deals i do do i feel good that other people get access to silicon valley deals yeah sure is that why i did the fund fuck no that's not why i did the fund right i did the fund because i was writing checks and i wanted to write bigger checks and more checks into more companies that had more and that was more than my personal banker would allow so i raised money from other people to do that and i get you know like and so now i could write more checks into more awesome companies that's why i raised the fund not because i wanted to democrat access to like you know angel investing for like you know a middle school teacher in tennessee i can't stand to democrat it we're gonna democrat cut democrat ties this by only charging you fifty thousand dollars for this piece of clothing instead of them like i i've seen people like we're gonna democrat knowledge and it's like a five thousand dollar course my god not really dude can man you could democrat these nuts like what do you think ben was today were we with it or what i thought today was a hit i thought today was a huge hit this is yeah other than like the steph smith episode is rob your this is is a plus territory did i not think the think that this was gonna be a fire episode that i had the juice you did say although i actually the the beginning was a little bit slower but it was once you guys started getting into those trends and you were just hitting there was like if you capitalize on one of those trends you guys like there like twenty thirty good businesses you could start with ideas that were thrown out today great and we're gonna have to cut my democrat these nuts no no us yeah and then we'll so we we have to plan the m summit so i agree that making a destination is cool i have a thing that i oh you're gonna have to bleep bleep out what i'm about to say but another thing i another thing yeah yeah i got the guy i got really like famous house that person might be interested in hosting us i don't know it's gonna be a dinner right like that's gonna be like no no we we might be able to do a proper thing there but i don't know if the logistics are are gonna work out so i think but but i think that we could do like something outrageous you know i we have to think about what outrageous means but i do think we can have something outrageous i think a cruise ship i like it but that's a that's not a bad idea a cruise ship or like some type of famous venue or fuck we can just go to hawaii still like in the beach in hawaii we can figure something out but we do you need to do a fly out like if people are gonna have to travel for it i think to get the value again the the easiest hack is first make it a couple days where people get to hang meet each other so do it make it like a two day thing and then and then secondly just make it already fun if it was just a vacation if there was no content on top but it's like then you combine some content getting to meet us and getting to meet other people in the community plus already was a good like kind of vacation type experience then that's cool right and like i don't know let's do like bring a fitness component bring like let's just bring all the components of the stuff we talk about where there's like you know experiences beyond sitting down and listening to people talk it's like why not do a group work workout or like let's get an mma guy to like you know take us through a like take people through recession or something i don't know like something like that down alright let's schedule it i i do you do you like that five hundred dollar price mark price point this i mean we should do this as an n no doubt we should make this an n and then only n holders can attend and then they could flip their n to somebody else if they want it but make it a limited number of n t's for this down alright that's it yeah alright that's the episode i feel like i could rule word i know i could be what i want to put at all in it like a day's off on a road less travel never looking back

Episode Notes

Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk about how to identify trends, whether it's possible to get ultra-wealthy from cash flow businesses, why they enjoy doing hood rat stuff, and more.

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Links:

* https://worldview.space/

* https://www.reddit.com/r/antiwork/

* https://www.reddit.com/r/overemployed/

* Bullshit Jobs: https://www.amazon.com/Bullshit-Jobs-Theory-David-Graeber/dp/150114331X

* Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.

* Want more insights like MFM? Check out Shaan's newsletter.

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Show Notes:

(03:45) - Shaan's trip to Mexico

(07:35) - Worldview

(15:05) - Sam's goals for MFM

(20:50) - The secret world of how things come to be

(29:30) - Identifying trends

(42:00) - How many employees does a company needs

(49:10) - Why Sam and Shaan love doing hood rat stuff

(53:30) - Can you make 9 figures from cash flow businesses?

(55:45) - Sam's advice for Warren Buffet

(01:03:00) - Being honest about why you start a company

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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.

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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

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