Sam’s +$10 Million Portfolio, Shaan's Money Philosophy and The Spending vs. Saving Paradox

**Shaan Puri** (0:00)
As I like to say, I've lost more money than most people have ever made. I'm such a good investor, that I've lost more money than you can dream of making.

**Sam Parr** (0:21)
What's going on in New York? Headed back to Austin tomorrow, but I'm good, how are you?

**Shaan Puri** (0:27)
I'm doing great. I'm stationary where I always am and not moving anywhere.

**Sam Parr** (0:32)
What did you say? You tweeted out, you said, I'll be in LA, who's up? Or what did you say?

**Shaan Puri** (0:37)
I said, knock, knock, who's there?

**Sam Parr** (0:39)
Knock, knock, who's there? You also said, you're looking for a cold plunge that you can buy that doesn't require you to post on Instagram.

**Shaan Puri** (0:47)
Yeah.

**Sam Parr** (0:48)
I can't tell if you're making fun of me. I can't tell if you're making fun of me or if you actually want a plunge, do you?

**Shaan Puri** (0:57)
That's a small part of me that wants a plunge, but I know that, I just feel like it's gonna be maintenance or something for me. I'm not really that interested in that, but I just thought it was funny. I was basically making fun of you, Sahil, and everybody who has a cold plunge is like, you know what, this is actually a recording studio that I'm going to use every day. Every day I do this, I'm going to post every day about this. And it's like, yeah, brushing your teeth, man.
It's just part of my routine. I just do it. And then when I do it, I want to bring y'all with me.
Just get this on my story every day when I'm doing this.

**Sam Parr** (1:36)
We'll have to put an Andrew Huberman fan, a vegan and like a CrossFitter all in one room and see like, does spontaneous combustion just happen?

**Shaan Puri** (1:46)
Yeah, it's like we've discovered something stronger than entropy.

**Sam Parr** (1:51)
Is there enough friction to create a fire? There might be between who talks the most. I've got a couple of interesting topics today. The biggest one. And what we're gonna do right now is I want to do something that I only do privately. I'll do it publicly. So this is...
That could go different ways. But you could critique me. But basically, like with some of my friends and some people in Hampton, I do this thing called a portfolio review, where I explain my financial portfolio. And you are allowed to critique it and challenge me in order to hopefully make me better.
You know what I'm saying?

**Shaan Puri** (2:25)
I know exactly what you're saying.

**Sam Parr** (2:26)
You don't have to keep asking. I know what you're saying.
You ask this question a lot to our guests. I think it first started with Ryan Holiday. And I thought it was just the most blunt, wonderful question. You go, so what do you do with your money?
And I thought that was wonderful. And so that's kind of how I came up with the idea to do this. And so I figure today we can do that. Does that sound interesting to you?

**Shaan Puri** (2:51)
Yeah, let's do it. All right. The portfolio review.
And I think we're going to do this like the other way I like to ask the question is, if there was a pie chart, you know, roughly what percent are you putting over here? What percent are you putting over there and why?

**Sam Parr** (3:05)
And I'm not like one of those guys. So our friend Nick Huber sent an email out the other day and he put like exact numbers of everything of his net worth.
And there's a bunch of people who do that. I'm not that transparent, so I don't particularly like that, but I'll be very transparent about some things.

**Shaan Puri** (3:19)
Yeah, we're not going financially streaking here, but, you know, if we can go to the beach, we could, I'll take my shirt off.

**Sam Parr** (3:30)
Yeah, yeah, yeah, we're going to go, we're going to pop the top, but we're not, we're keeping the bottoms on.
OK, so first, let me say my strategy for this whole thing. The first thing is that a lot of this is contingent on my previous strategy, which started when I was like 21 years old, was to start and sell a business by the age of 30 I thought if I did that, that would give me some financial security, which was basically rooted in like being insecure about money for a very long time and wanting to have like some type of security. So that's like a lot of people listening in the YouTube comments. I know they're going to say, but how did you get like blank? Well, we talked about a ton. But anyway, it was about starting and selling a company. Another thing, unlike you, Sean, and I think unlike most of our listeners, I would say I am incredibly conservative.