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My First Million

Two Millionaires Answer the Questions You’d Ask Off-Camera

My First Million

Hubspot

Investing, Entrepreneurship, Business

4.72.9K Ratings

🗓️ 8 January 2026

⏱️ 73 minutes

🧾️ Download transcript

Summary

Get the free Side Hustle Ideas Database 👉 https://clickhubspot.com/rve Episode 782: Sam Parr ( ⁠https://x.com/theSamParr⁠ ) and Shaan Puri ( ⁠https://x.com/ShaanVP⁠ ) answer listener questions.  Show Notes: (0:00) Biggest mistake in business you've never talked about (7:33) Best company to work at to become a millionaire (20:43) How much revenue did Hampton make in 2025? (21:28) 2026 misogi's (29:46) what's your f u money purchase (35:28) what are the mfm OGs up to? (43:07) how to build compounding wealth (50:09) Who would be your jail call? (1:04:41) best idea you've heard on the pod — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com  • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano //

Transcript

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0:00.0

All right, it's a new year, but it's the same old us. And we wanted to do something for you guys.

0:05.3

So we wanted to do a mailbag of fan questions. So people have written in questions. We are going to

0:10.8

answer them. You ready to jump in, Sam? Yeah.

0:13.7

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

0:19.8

no days off on a road. All right, here we go. Question number one, what is the biggest mistake you've made in your business

0:25.1

that you have not spoken about publicly yet? And how has it shaped your decision making?

0:30.6

Man, I've got a great one for this. Tell me if your experience has been with this. So I tend to

0:34.1

hire ambitious young people and I take chances on them.

0:38.5

And I hate to say it, but the majority of the time, that is a horrible plan.

0:42.3

And it's significantly better to hire more experienced people and pay them a lot more money.

0:47.5

And I get way better results.

0:50.8

So when was this mistake?

0:52.9

Is this like I've been making this mistake forever? Or this is a recent? For forever, man. Look, this is like, my mistake, it's like the American dream, you know? Like, give me your, your, your, your, your, your, like, ambitious young... I can fix him. Yes. And like, I always want to do that because I'm so, you know, I'm into the romantic idea of that.

1:12.9

And just, I recently, you know, at our, at Hampton, we've hired, like, significantly more experienced people.

1:18.9

And they cost, like, two or three times more than a young and upcoming person.

1:22.6

But the results are like five or ten times better.

1:25.5

Right.

1:25.7

And, and I just make this, I always, always, I get so emotional and I always find the,

1:31.7

people say hire high agency people or if I hire these people whose growth rate is really high.

1:37.0

But in general, it's just kind of better to say, hey, you already did this at this other company.

1:42.5

Do it here, please.

1:43.9

So we were just going through a hiring process. I wanted to hire somebody on my content team.

...

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