Q&A: Gut punches, favorite guests, plus advice for life

**Sam Parr** (0:00)
All right, Sam, I was going through the mailbag. People email us questions, and there was one that I had to bring up. We gotta start with this. So here's the email.
Dear Sam, last month I sold my e-comm biz, and recently a startup that I invested in went public. I'm in my 30s. I own very little house, cars, nothing. I have $53 million in cash sitting in my bank account, but I'm not sure what to do. If I do something that needs to be big, I'm torn between a few options. Just put it in the SP 500 and move on, get into real estate, trying private equity, chasing a billion dollar idea. I've hit three major wins in a row. I exited my company, I invested in a winning startup, and I got really lucky on a real estate deal. But I'm not entirely confident I can rebuild it from scratch if I lose it all. My life goals are pretty simple. Have five kids, a wife, and become a billionaire. I'm currently with someone I'm planning to marry. What do you got for me? Let's answer this question, and then there's some other mailbag questions that we have here.

**Shaan Puri** (1:06)
Let me tell you what I told the guy. I basically said, if you make $50 million at the age of 35, that basically becomes a billion eventually, but that's irrelevant. But I think that's a dumb goal to become a billionaire, or want to become a billionaire. I think you should do what you love after you have that much money. But if you want to become a billionaire, you will.
But what I told him was basically, I think he should put most of it actually into a high-yield savings account, or just some type of short-term treasury note or something like that, and just sit for 6 to 12 months and do nothing except read and have conversations with interesting people. And that actually, 6 to 12 months, that may take 36 months. That might actually take 5 or 10 years. But whatever you want to do, my opinion is you should plot and read and talk and only do something if you're obsessed with it. And oftentimes, when you make a lot of money, you get bored and because of that, you start kind of, it's like falling in love with someone when you're really horny. It's like, dude, you don't actually love that person. You know what I mean? Like, don't actually do it. And so I think you have to be really intentional about what next project that you do. And you don't give yourself a timeline, but you sit and you read and you wait for it to happen. So with the money, I would do some type of high yield savings account for like 6 months. And then eventually I would do 80, 20 S&P bonds. I would try to live off 3% of that money. And then I would just plot and wait until that one thing I find. And then I would take a percentage of the money. Like, for example, let's say that you're comfortable living off of $1.5 million a year. You take how much you need in the S&P to live off that. And the rest, you are willing to allocate towards your big dream and new adventure.

**Sam Parr** (2:49)
All right, let's take a quick break because I want to talk to you about some new stuff that HubSpot has. Now, they let me freestyle this ad here, so I'm going to actually tell you what I think is interesting. So they have this thing called the Fall Spotlight, showing all the new features that they released in the last few months. And the ones that stood out to me were Breeze Intelligence. I don't know if you've seen this, but if you're in HubSpot and you have, let's say, a customer there, you can just basically add intelligence to that customer. The estimated revenue for that company, how many employees it has, maybe their email address or their location, if they've ever visited your page or not. And so you can enrich all of your data automatically with one click using this thing called Breeze Intelligence. They actually acquired a really cool company called Clearbit and it's become Breeze, which is great because now it's built in. I always hated using two different tools to try to do this. Now it's all in one place. And so all the data you had about your customers now just got smarter. So check it out. You can actually see all the stuff they released. It's a really cool website. Go to hubspot.com/spotlight to see them all and get the demos yourself. Back to this episode.