4.8 • 2.7K Ratings
🗓️ 17 November 2025
⏱️ 41 minutes
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| 0:00.0 | All right, everyone, on this podcast, we talk a lot about the successes, but I want to talk about the failures. So here's about 10 different companies that I started before I made my first million. Almost all of them, they sucked. It didn't work. But I'm going to explain how much I made for each idea and the lesson that I learned. I feel like I can rule the world. I know I could be what I want to. I put my all in it like no days off on the road. All right, what's up, Sam? |
| 0:24.2 | What's going on? could be what I want to. I put my all in it like no days off on the road. |
| 0:22.1 | Let's travel. All right. What's up? What's going on? Let's set this up. Name of this podcast. My first million. When did you make your first million? So cash, like cash million. I made it when my wife worked at Airbnb and it went public. And that's when we made our first. and then about three months later, I think it went later in December. My company sold in February, |
| 0:40.9 | and then we made a lot. Leading up to that, we were doing pretty good too, but I don't think we had crossed one million. Okay. So you made your first million, let's call it, 31 years old. Here's all the businesses you tried before that, before making your first million, which I think is pretty fascinating. I want to go down this list. Does it start in high school? Yeah. All right, go for it. Give me number one. In high school, I made $2,500 one summer by buying graduating seniors old sports equipment and selling it on eBay. And so what I used to do is I would just buy like people's like track spikes or, uh, you know, whatever. And I would sell it on And most of the time, I didn't buy it. They would just give it to me. They would hand it to me. And on eBay, I made $2,500. That was my first business where I actually started making online money. And this is flipping, basically. This is flipping assets that other people not only undervalue, they might even not value it to the point where they're |
| 1:29.2 | just happy you took it off their hands. Yeah. And frankly, I did this in college too, which I didn't list here, is when at the end of the college year, I would stay a few weeks after the end of the school year. And when people were moving out, I said, I have a storage unit. You come and put it here and just give it to me. You're going to throw it away. Just give it to me. And then I would resell it. |
| 1:45.9 | Exactly. I saw people doing this in college with textbooks. They would I have a storage unit. You can come and put it here and just give it to me. You're going to throw it away. Just give it to me. |
| 1:44.3 | And then I would resell it. |
| 1:46.0 | Exactly. |
| 1:46.3 | I saw people doing this in college with textbooks. |
| 1:48.1 | They would just say, oh, at the end of the year, you don't want to take all these |
| 1:50.7 | heavy textbooks home. |
| 1:51.5 | You're done with that class. Well, guess what? the next semester, there's a bunch of people that are going to need that exact textbook. |
| 1:56.7 | They were happy to buy it used. |
| 1:58.4 | And so they would just go buy up people's tech. |
| 1:59.9 | They would just take people's textbooks. |
| 2:01.2 | And each book was like, you know, a $40 or $50, you know, a $40. |
| 2:04.7 | You know, who were happy to buy it used. And so they would just go buy up people's tech. They would just take people's textbooks. |
| 2:01.2 | And each book was like, you know, a $40 or $50, you know, future sale that they were able to pick up for free. Okay. And then at 20, I started a hot dog stand, which everyone makes fun of me for talking about. I have a hot dog stand. You have a sushi restaurant. They're sick of us talking about it. but I had one called Southern Sam's Wiener's as big as a baby's arm. |
| 2:17.2 | Basically, I knew a guy named Doc who had a hot dog stand. |
| 2:20.4 | He let me rent it from him with very |
| 2:22.0 | little money up front. I was able to pay him on the 30th, as opposed to the first of the month. So he hooked me up. And with $500, I went to Restaurant Depot and I bought a bunch of Vienna sausages to get my supply and I was in business baby within a week of having this idea and |
| 2:33.9 | I used to live in a |
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