My First Million #80 - The Guide on Generating Startup Ideas
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Jun 3, 2020 Discover innovative strategies for maximizing credit card rewards, unlocking financial benefits for both individuals and businesses. Explore the transition from sports to philanthropy as athletes consider creating charitable foundations. Delve into effective ways of generating startup ideas, emphasizing personal strengths and market awareness. The hosts challenge the effectiveness of online courses, advocating for alternative, scalable business models like podcasting. Lastly, they reflect on the emotional landscape surrounding current social issues, calling for empathy and understanding.
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Mo Points
- Sam Parr's friend, Mo, became an expert in maximizing airline points.
- Mo created a course and offers consultations to help others do the same.
Tax-Free Cash Back
- Sam Parr earns substantial cash back through credit card spending, amounting to $100,000 annually on a million dollars spent.
- This cash back is often tax-free, making it equivalent to a higher salary.
Amex Perk
- Shaan Puri's friend negotiated with investors to pay his company's AWS bill on his personal credit card.
- This earned him lifetime top-tier Amex status and numerous perks.