Two Millionaires on the Worst Mistakes They Made Early
My First Million episode 782 in which Sam Parr and Shaan Puri answer listener mailbag questions at the start of the new year. The first question asks about the biggest business mistake they have not spoken about. Sam says he tends to hire ambitious young people and that most of the time it is a poor plan, since more experienced hires cost two or three times more at Hampton but give results he says are five to ten times better. Shaan names project selection as his biggest mistake and lists past ideas such as a sushi restaurant chain, a social media app, a game streaming app and a craft beer app. Chapters in the description also cover the best company to work at to become a millionaire, Hampton revenue in 2025, misogis for 2026, a F-you money purchase, what the MFM OGs are up to, compounding wealth, a jail call and the best idea heard on the pod. Sponsors named in the description: HubSpot, Somewhere, Mercury and Beehiiv. PARTIAL COVERAGE: the captions cover the opening mistakes segment in detail, while later questions are named by title only. All views are the speakers' own and are not independently checked. Nothing here is financial, legal or medical advice.
Executive Summary (TL;DR)
My First Million episode 782 in which Sam Parr and Shaan Puri answer listener mailbag questions at the start of the new year. The first question asks about the biggest business mistake they have not spoken about. Sam says he tends to hire ambitious young people and that most of the time it is a poor plan, since more experienced hires cost two or three times more at Hampton but give results he says are five to ten times better. Shaan names project selection as his biggest mistake and lists past ideas such as a sushi restaurant chain, a social media app, a game streaming app and a craft beer app. Chapters in the description also cover the best company to work at to become a millionaire, Hampton revenue in 2025, misogis for 2026, a F-you money purchase, what the MFM OGs are up to, compounding wealth, a jail call and the best idea heard on the pod. Sponsors named in the description: HubSpot, Somewhere, Mercury and Beehiiv. PARTIAL COVERAGE: the captions cover the opening mistakes segment in detail, while later questions are named by title only. All views are the speakers' own and are not independently checked. Nothing here is financial, legal or medical advice.