My First Million Sam’s +$10 Million Portfolio, Shaan's Money Philosophy and The Spending vs. Saving Paradox
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Jul 20, 2023 Dive into the financial world as one host shares insights from a $10 million portfolio. Discover the psychological challenges of spending money after achieving wealth. There's a candid discussion on bad investment choices, emphasizing the sometimes tough lessons learned. The conversation also examines the balance between wisdom and smarts in financial decisions. Plus, hear thoughts on the importance of preparing for opportunities and managing monthly expenses while navigating the fine line between saving and spending.
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Shaan's Bitcoin Mishap
- Shaan Puri sold Bitcoin because his aunt praised Ethereum.
- He mistimed the bubble, highlighting the dangers of emotional investing.
Sam's Tesla Regret
- Sam Parr sold Tesla stock early based on Reddit rumors, missing out on massive gains.
- He quadrupled his investment but regrets selling due to misinformation.
Missed Opportunity at Stripe
- Sam Parr missed a job opportunity at Stripe due to a poor interview performance early in his career.
- This cost him significant potential earnings, highlighting the importance of interview skills.