John Lee Dumas On How He Saved $1,000,000 In Taxes By Moving To Puerto Rico, How He Makes His Money, and More

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 1 March 2022

⏱️ 77 minutes

🔗️ Recording | iTunes | RSS

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Summary

Sam Parr (@theSamParr) and Shaan Puri (@ShaanVP) bring John Lee Dumas onto the show to talk about why he moved to Puerto Rico, how he makes his money, why he went on a 10-day fast, and more. ----- * 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. ----- Show Notes: (2:20) - Interview with JLD begins (06:05) - Why JLD reveals his revenue (10:30) - Why he moved to Puerto Rico (19:30) - How JLD invests his money (39:15) - How he makes so much money on podcast sponsorships (47:15) - Businesses that JLD is jealous of (50:30) - Going on a ten day fast (57:30) - Sam and Shaan recap the interview and talk about fasting, a progress report on Milk Road, and more ----- Links: * https://www.eofire.com/ ----- 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. ----- 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

Transcript

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0:00.0	All right, QuickBag to tell you about another podcast that we're interested in right now.
0:04.4	Hosepot just launched a Shark Tank rewatch podcast called Another Bite.
0:08.9	Every week, the host relived the latest and greatest pitches from Shark Tank, from Squatty
0:13.1	Potty, to the Mention a Bench, to Ring Doorbell, and they break down why these pitches were
0:18.6	winners or losers, and each company's go-to-market strategy, branding, pricing, valuation, everything.
0:24.2	Basically, all the things you want to know about how to survive the tank and scale your
0:28.4	company on your own.
0:29.6	If you want to give it a listen, you can find another bite on whatever podcast I've
0:32.9	been listening to, like Apple or Spotify, or whatever you're using right now.
0:36.2	All right, back to the show.
0:37.6	All right, today, we are hanging out with John Lee Dumas.
0:40.8	He's a podcaster.
0:41.8	He's got pretty popular podcasts.
0:45.4	He does something cool, which is he publishes all of his income online.
0:48.2	The guy's generated $22 million in the last 10 years.
0:51.4	He says, here's how much I've made.
0:53.2	Here's how much I kept after expenses.
0:55.4	He then moved to Puerto Rico and pays like 0% tax, a 4% tax, basically.
1:01.0	We talk about his business, how he makes his money, why he moved to Puerto Rico, and
1:05.2	the pros and cons of that.
1:08.0	What else do we talk about?
1:09.1	We talked about he did a 10-day water fast recently, so we told us all about that.
	...

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