My $0 to $1 Million Guide - How I Would Start Over in 2024
Oct 30, 2023
37:33
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Entrepreneur and Twitter user, Shaan Puri, shares his guide for making $1 million starting from scratch, including optimizing for your current phase, identifying your edge, working on an A+ problem, creating luck, and investing in yourself. He also discusses starting a productized agency and scaling it to $100k monthly revenue, as well as the importance of buying back time and investing in knowledge and opportunities.
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Quick takeaways
Reinventing oneself is always an option, regardless of age, and maintaining a belief in the possibility of anything fosters optimism and success.
In the career journey, the learn phase should prioritize personal growth and learning experiences, building oneself as a product for future success.
Deep dives
Embracing the Beginner's Mindset
Regardless of age, it is crucial to maintain the belief that anything is possible, and that reinventing oneself is always an option. Freeing oneself from the constraints of time and age allows for a more optimistic and successful approach.
The Three Phases of Career Development
The career journey typically consists of three phases: learn, earn, and legacy. In the initial learn phase, it is essential to prioritize growth and learning experiences rather than merely chasing higher salaries. Building oneself as a product and optimizing for personal development sets the foundation for future success.
Identifying and Harnessing Personal Edge
Finding one's personal edge involves a unique combination of skills and interests. By embracing what comes naturally and identifying areas where one excels, individuals can leverage their edge to stand out and create opportunities for themselves.
Investing in Yourself for Success
Investing in oneself involves taking actions that leverage time, knowledge, and opportunities. This includes buying back time by outsourcing menial tasks, investing in knowledge through books and learning resources, and making strategic decisions that prioritize personal growth over immediate financial gains.
Episode 513: Shaan Puri (https://twitter.com/ShaanVP) answers the question he gets most often: If he was starting from scratch—and had no money in the bank—how would he make $1,000,000?
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Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.