From Quirkiest Biz Ideas to Favorite "Creatorpreneurs" - MFM Q&A artwork

From Quirkiest Biz Ideas to Favorite "Creatorpreneurs" - MFM Q&A

My First Million

May 18, 2023

Episode 457: Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) put out a request for your questions and they answer more than a dozen of them... from the quirkiest business ideas to what would you do differently in college. Want to see more MFM? Subscribe to the MFM YouTube channel here.
Speakers: Shaan Puri, Sam Parr
**Shaan Puri** (0:00)
So I went to school at Belmont University, and it was like a Southern Christian University that had low standards.

**Sam Parr** (0:06)
Yeah, that is what it says on their website too.

**Shaan Puri** (0:15)
Home of mediocrity. Mediocre people, exceptional prices.

**SPEAKER_3** (0:32)
We're live.

**Shaan Puri** (0:33)
We're doing a Q&A session. We decided this last minute.

**Sam Parr** (0:38)
It's like when a substitute teacher comes in and they roll out the TV on the trolley, and they're like, hey guys, today, you know what? I decided I want a day off.

**Shaan Puri** (0:48)
Oh, no, no, sorry.

**Sam Parr** (0:49)
I'm gonna go ahead and put them in the comments.

**Shaan Puri** (0:53)
No, it works out because frankly, I think people like this.

**Sam Parr** (0:55)
And we like the movie too. It works. It's a win-win.

**Shaan Puri** (0:58)
And so, yeah, we have to do very little work and people like it. Let's just get right into it. We're going to keep each question at around three minutes, which is not, you don't have to worry about me going over. It's Shaan.
Let's do it. Ben, what do you got? Let's do a little Q&A. So basically, the background is we both tweeted out, what questions do you have?
And we got a bunch of them on the tweets and we'll see where we go. I think we have like hundreds of them and we selected maybe 10-ish from each of our Twitters and we'll see which ones are interesting. All right, go.

**SPEAKER_3** (1:34)
Okay, from someone named Nubet, a pretty basic one. What is your opinion on sweaty startups?

**Shaan Puri** (1:41)
All right, here's my opinion. I think it's cool. I think any way you can get your nut, you get it.
That said, that sounds...

**Sam Parr** (1:49)
Is that a philosophy you've had since you were a teenager or what?

**Shaan Puri** (1:51)
Yeah, get that nut.
I think if you can get it, it doesn't matter which way you get it, get it. And there's lots of examples of everyone succeeding in all different types of industry. Personally, I think making money digitally is significantly better because it requires close to no capital in some cases. You can work from anywhere. There's been times I've sent an email from my phone and it's made a whole bunch of money. And I think that it's way harder to make a million dollars a year from a brick and mortar business than it does digitally. I also think that the lab laptop class, I saw Elon Musk call Tesla headquarters employees the laptop class.
I think those types of people, of which most of you are, including myself, we want to do stuff with our hands. And I think it's significantly better just to make money on the Internet and then all your free time, go get a hobby. Because if you go and talk to a blue collar worker, they sure as hell don't want to be there.
So I'd rather be in the situation of being able to choose to spend my time doing the other way versus Switch.

**Sam Parr** (2:52)
In this question, the guy said, sweaty startup makes great. This is Nick, our buddy Nick Huber. So Nick makes great points about not wanting to compete with Stanford grads, generating real cash flow and getting rich the slow way. I agree. This might be the best way to go. What do you guys think? So I think this whole Nick is great. And Nick and I think you're totally right that however you want to win, when and there are many, many ways to win. If anything, if this podcast teaches you one thing, it's how many different ways there are to win.
But given that, given that there are many ways to win, you better choose the one you really want. And for me, I'm like, I might as well choose the one that is most ideal, the most intuitive lifestyle I want. I don't want to go worry about the roof damage at my self-storage facility or that the $15 an hour employee called out sick and there's nobody at the front door now to take customers today. Like, I don't want those issues. I'm happy burying a different set of issues.
And so that, you know, I think you got to choose how you want to win. And I also think this whole idea of like, you don't want to compete against Stanford kids.
This is like a great sound bite, but it doesn't matter. It's one of these true, but not important. I used to say this all the time and it pissed everybody off in the office. I'd say that's so true and it doesn't matter.

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