#201 - Why You Should Spend 5x Your Budget on an Engagement Ring

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 16 July 2021

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode Sam (@theSamParr) and Shaan (@ShaanVP) break down different Micro-SaaS and P2P marketplace companies. They also talk about changes we'll see in advertising, a non-profit that is an alternative to Substack/Wordpress, and IKEA Hacking. They end the episode talking about when it makes sense to have an unlimited budget for something. --------- * 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: * (:49) Intro * (2:00) What's going on with iOS privacy settings * (8:59) The future of advertising * (12:32) Ghost.org - Wordpress meets Substack * (17:10) IKEA Hacking * (28:39) The $400 million fitness influencer app * (32:01) Micro-SaaS tools that help you win * (37:25) BabyQuip.com - a P2P rental marketplace for parents on vacation * (41:37) Teachers paying teachers * (48:06) What regrets will you have at 90? * (57:58) The unlimited travel budget

Transcript

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0:00.0	I don't care if I only had 100,000.
0:02.1	I'm spending 50,000 because this is the whole point
0:04.6	of working really, really hard is spending my money on stuff
0:07.2	that will make my family happy and they'll talk about forever.
0:09.6	Yeah.
0:10.6	I feel like I could rule the world.
0:13.8	I know I could be what I want to put my all in it like a day's old.
0:19.0	On a road, let's travel never looking back.
0:22.0	All right, welcome to the episode.
0:23.1	We actually talked about like maybe eight legitimately
0:26.2	wonderful ideas.
0:27.3	We talked about privacy startups.
0:28.7	We talked about ghost.org, which is a WordPress competitor
0:31.6	that we actually think is going to be a $100 million
0:33.9	plus company.
0:34.7	We talked about burflod.io, which is a new business that just
0:37.5	started like two weeks ago.
0:38.5	That's quite interesting.
0:39.5	What else do we talk about?
0:40.5	We talked about IT hacking, which is the art of souping up
0:43.8	and upgrading your basic furniture into something dope using IT
0:47.5	aparts.
	...

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