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My First Million

#210 - How Celebrities Have Made Billions off Their Names

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.82.7K Ratings

🗓️ 18 August 2021

⏱️ 61 minutes

🧾️ Download transcript

Summary

In this episode Shaan (@ShaanVP) and Sam (@theSamParr) dive into a few industries and talk about the players behind them. They start off talking about car dealerships and the handful of politicians who make major coin through them. They then transition to celebrities and how some have leveraged their name to make even more money. They finish the episode with a few anecdotes on how some people started to accumulate wealth and a snippet on anti-aging and scientific discovery. --------- * 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: * (0:59) Intro * (2:47) The Skip Barber racing school * (6:48) Digitizing the gun range * (10:57) The politicians making money with car dealerships * (23:06) The cool growth hack used by Spoonflower * (28:48) Celebrities making bank of their celebrity * (35:26) George Clooney hooking up his friends with $1M cash * (39:51) A feel good story about Shaan's trainer * (41:58) The Bar & Bat Mitzvah hack to wealth * (44:57) A unique twist on Universal Basic Income - the birth dividend * (47:35) Aubrey de Grey and how scientific breakthroughs work

Transcript

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0:00.0

Once you've been in the market for 21 years and you look at that account and you get to see it going up,

0:04.4

you're going to like realize the value of investing and that that's like, you know, like the true path to wealth.

0:21.5

All right, we're live.

0:22.8

What's going on? How is stuff?

0:24.4

Nice fancy pants background.

0:25.9

Yeah, I'm in a mechanism. It's a fancy, it's a fancy pants office. It's, you know, mechanism is.

0:33.6

I've heard of it. That's the agency guy who's a friend of yours. I kind of know him a little bit now.

0:39.1

Yeah, they have an agency, maybe a 200 person agency and they've got, as you do with agencies,

0:45.5

you've got very fancy offices in Soho in New York and no one is here and I'm in the fancy office

0:51.6

here right now. All right, good stuff. Yeah, you missed stuff. She was great as always. So she

0:58.0

had a bunch of ideas. It's like, I know it's funny. Like we've had a bra you be kind of like our

1:04.3

version of Jamie's like, Joe Rogan has Jamie, we've had a bra you. We now have Dan.

1:08.5

And you get a sense because at the end of every episode we go, oh, Dan, how was it? Hey, a bra you,

1:12.6

how'd you do? And I feel like they both like really keeping on the same thing, which I don't know if

1:19.9

listeners care in the same way, but like the more random tangents we will go on, the kind of like,

1:25.6

they kind of love it, but they kind of hate it at the same time. Whereas when Steph comes on,

1:29.6

it's like, here are five ideas. We're going to do idea one, then two, then three, then four,

1:34.0

then five. What a jam packed episode of ideas. And it's like, you know, me and her don't have the

1:38.8

same chemistry. Me and you have of like just being able to go on on random tangents or just kind

1:44.1

of bullshit a little bit. And so it's more packed with info, but it's less packed with detours. And

1:51.4

I don't know if that's good or bad, but it's packed with info. So I think, I think definitely Dan

1:55.0

liked it. I think a lot of people will like it, but it's interesting to me how that goes.

...

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