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My First Million

#139 - The Rise of "Clout" Kitchens, Why Martin Shkreli is a Rockstar, and a $100m Acquisition

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.82.7K Ratings

🗓️ 23 December 2020

⏱️ 60 minutes

🧾️ Download transcript

Summary

Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) discuss: - 00:30 Is it better to rent and invest your money elsewhere? - 05:32 Penny Hoarder acquired for over $100m - 09:20 MrBeast Burger and clout kitchens - 17:01 Guthy-Renker and the lucrative world of direct-mail - 20:57 Will mom and pop restaurants become cloud kitchens? - 25:25 The guys chat Martin Shkreli stories - 38:13 Elon Musk buying $100B in Bitcoin? - 42:44 Shaan discusses ending his newsletter - 47:47 The guys discuss how they track their finances Have you joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.

Transcript

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0:00.0

I feel like I could rule the world. I know I could be what I want to put my all in it like a

0:11.8

days old. On a road, let's travel never looking back.

0:23.8

You know what I decided I wanted to do, I think. So like I've been like obsessing over the

0:28.5

future. Like what's like how are people going to live in the future? And I think I'm going to

0:33.9

try and purchase an apartment in a cool part of New York that is currently not COVID awesome.

0:42.1

Like that is not wonderful during COVID. So by the dip.

0:46.4

Yeah. And the reason why is I really think that I think that for a lot of people

0:53.2

this whole like five, I don't think that after I did the dramatic thing for a while,

0:59.4

it was hard. That was hard. But I do think that like there's a world where people are going to do

1:03.3

like six months, six months. Do you agree with that? Yeah. My ideal, I started this a few years ago

1:09.2

and then we just paused with the baby, but like I would do about about a month and a half

1:15.4

in a different country altogether, just living somewhere. So for example, we would live in San Francisco

1:19.7

for 11 months, you know, 10 and a half months. And then we went down to Buenos Aires and we lived

1:25.1

in Argentina for over a month. And we just like got an apartment, just bought groceries.

1:30.7

It wasn't like a vacation. It wasn't vacation, but it wasn't at the same time. Right. That felt

1:34.9

awesome to me. Now I hope I can pull that off with kids. I know just gets life just, you know,

1:41.5

I feel it now where I'm just like, yeah, it's just easier to stay home. Like let's just not go and

1:45.6

do things. It's just a lot easier. But I think that's cool. And I think whether it's six months,

1:50.6

six months or nine months, three months, I think that's a, that's a cool luxury to have to be able

1:55.6

to do something like that. I think we're going to do like a like a eight four nine three thing

2:01.3

because I got family in New York. And I think like it's still expensive. You can get an apartment in

2:06.0

New York though for like one three. And that's, that's a lot of money. You buying it. You should just,

...

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