Shaan Loses $700K in Crypto Crash And The Mentality of A Downturn

**Sam Parr** (0:00)
All right, there's this amazing book called Getting Everything You Can Out Of All You've Got. I read it a few years ago and it changed my life.
And the reason I loved it was because it basically talks about how to get and make more money using things that you already have.
Coincidentally, today's podcast is brought to you by Business Made Simple. It's a podcast by Donald Miller, who I'm gonna tell you about in a second, but he has this amazing episode that's all related to this book and the things that I learned in this book. It's called How To Make Money With What You Already Have. It's an incredible episode. It talks about all the stuff that I learned in this book. The host is Donald Miller. I didn't know who Donald Miller was up until recently, but over the last 12 months, this is totally by coincidence. It was all separate people. They said, you have to check out Donald Miller. He's amazing. So I'm happy that he's part of HubSpot's podcast network. You can check it out, Business Made Simple Podcast. It's where he coaches you on how to build your business like an airplane, where the cockpit is your leadership, the body is your overhead, the right engine is your marketing, the left engine is your sales.
You have to check it out. This guy's amazing. It's called Business Made Simple with Donald Miller.

**Shaan Puri** (1:02)
I am trying to be intentionally out of touch in the same way that I intentionally avoid the news.

**Sam Parr** (1:13)
All right, we're live, what's going on?

**Shaan Puri** (1:15)
Well, yeah. Well, Sam.

**Sam Parr** (1:19)
Yeah.

**Shaan Puri** (1:20)
Yeah.
You're- My first million has become my first 100,000.

**Sam Parr** (1:27)
Yeah, your first-

**Shaan Puri** (1:29)
My last million.

**Sam Parr** (1:31)
Yeah, on a good day. What, you took something out of the Milk Road, I texted you this, but you didn't reply. So in the Milk Road, my favorite part was you had, what was the starting amount? A million or 500, or what was it?
You had your portfolio.

**Shaan Puri** (1:47)
It was actually a little bit less, it was 950,000.

**Sam Parr** (1:50)
So $950,000 portfolio, and every day, you would say what it's at compared to what it was. You took it out, what's it at now?

**Shaan Puri** (1:58)
Correct.

**Sam Parr** (1:59)
Why'd you take it out?

**Shaan Puri** (2:01)
I don't even wanna look. We took out the prices today because, or what did we do? Today we did a little different thing. So the crypto prices crashed over the weekend.
And so we were like, okay, people are definitely gonna wanna know what's happening, why it's happening, all that stuff. So, no, not Saturday, Monday, we sent it today.

**Sam Parr** (2:20)
No, you sent a weekend version.

**Shaan Puri** (2:25)
Yeah, that was just a different, that was just like a special edition. Yeah, that was nothing.
Today we sent, why is crypto crashing? The weekend one was about Jack Dorsey because Jack Dorsey announced something called Web5 and we were like, which is hilarious, it's just like a hilarious thing because it's like, Web3 is like, some people are debating, is even a thing. And like, he just skipped Web4 and went straight to Web5 and like, you know, people are like, what the hell is this? So we explained what the hell is this. That's what the weekend one was. But today crypto is down like 20% or something crazy. Like Ethereum is like, I don't know, $1,000 or something like that right now.
So yeah, dude, it's brutal. The million dollar portfolio, we basically started this right when I started the Milk Road, I was like, what will be entertaining to get people hooked to subscribe? And I was like, oh, I know, I'll put up a million dollars and I'll say, watch, I will publicly invest this money and let's try to turn it into 10 million. It became a mission, turning 1 million into 10 million through crypto investing.
And to be honest, we didn't even do that much. We didn't even make very many moves. Like it just started with a million dollars worth of ETH. And I think we made like two investments maybe since then, just because I've been busy with the milk, like building the milk road and like the podcast and my other business and stuff like that. It's not like I've been super active, but ETH is down like 66% and all of crypto is down like that or worse. And so the portfolio is brutal. It's like, you know, a million dollars is currently 250 or $300,000 is my guess based on where we're at.