My First Million

Five Ways To Make Money, Vice Businesses, Fan Fiction And More

110 snips
Nov 24, 2022
Discover five intriguing ways to make money and explore the fascinating world of vice businesses, including a billion-dollar cannabis venture. Dive into the rise of fan fiction and its influence on publishing, highlighting platforms like Wattpad. Uncover the struggles and triumphs of Black-owned media in the wake of social movements, alongside innovative branding tactics that challenge traditional norms. Plus, get inspired by the journey of an entrepreneur who revolutionized credit card processing and aviation training against all odds.
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INSIGHT

Happiness Cutoff

  • Chamath Palihapitiya believes $50 million is the happiness cutoff, enough for homes and loved ones' needs.
  • This contrasts with the $70,000/year study, highlighting differing views on money and happiness.
ANECDOTE

100k vs 100M

  • Shaan Puri recounts a thought experiment: would you rather have $100,000 or have had $100 million and lost it?
  • This explores the emotional impact of financial gains and losses.
ANECDOTE

Poker Analogy

  • Shaan Puri shares his experience with online poker, where he experienced big wins and losses.
  • He learned the importance of bankroll management and the value of a broken frame.
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