We Got 100M Views In 12 Months, Here’s What We Learned
Dec 27, 2023
01:01:59
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Quick takeaways
Success can be achieved by intentionally choosing a game or path and playing it to the best of one's abilities.
There are many different paths and approaches to achieving success, challenging the notion that there is only one way to succeed.
Investing in real estate can lead to significant tax savings by leveraging deductions and offsetting active income with real estate losses.
Deep dives
Choosing the Right Game and Playing it Well
The main idea is that success can be achieved by intentionally choosing a game or path and playing it to the best of one's abilities. This is exemplified by individuals who have found success in various fields, such as entrepreneurship, content creation, or niche industries. The focus is on the mindset of intentionally choosing a path and dedicating oneself to it, rather than following a predefined notion of success.
Different Paths Lead to Success
The key takeaway is that there are many different paths and approaches to achieving success. The podcast highlights individuals who have found success through various means, such as starting small services businesses, investing in real estate, or building a strong personal brand. The variety of stories shared on the podcast challenges the notion that there is only one way to achieve success, providing listeners with a range of ideas and inspiration.
Abundance of Opportunities
The overarching message of the podcast is that there is an abundance of opportunities for success. By featuring a diverse range of guests and discussing their unique paths to success, the podcast showcases that success can be attained by following one's passion, making intentional choices, and staying committed to a chosen path. The aim is to inspire listeners to explore their own aspirations and understand that there are countless different routes to achieving their goals.
Maximizing Tax Savings with Real Estate Investments
The podcast episode discusses the benefits of investing in real estate for maximizing tax savings. The speaker explains that by investing in real estate, individuals can not only gain financial returns from the property itself, but also benefit from tax deductions. These deductions can significantly reduce taxable income, resulting in greater overall savings. The speaker emphasizes the importance of spending time on tax planning, stating that dedicating even just a small percentage of time to understanding and implementing these strategies can have a significant financial impact. The speaker also mentions hiring a tax strategist, but highlights that investing in real estate is a smart option due to the ability to offset active income with real estate losses. While finding good deals can be challenging, the speaker recommends leveraging relationships with experienced professionals to make informed investment decisions.
Balancing Public Persona and Personal Growth
The podcast episode delves into the topic of managing public persona and personal growth. The speaker reflects on their experience of being a loose cannon in the media business, using provocative and attention-grabbing tactics to generate results. However, as their popularity grew, they faced a dilemma of whether to fully embrace this approach or find a balance. The speaker highlights examples of individuals who have chosen different paths, such as Dave Portnoy, who fully embraces a loose cannon persona, while others like Andrew Wilkinson and Kevin Ryan adopt a more measured and calculated approach. The speaker admits to finding joy in engaging with haters and defending their position, but realizes the need for a shift in mindset. They express a desire to focus more on personal growth and avoid unnecessary drama or battles. The speaker acknowledges the importance of reputation and the need to align it with personal values. The main takeaway is that individuals will always seek more accomplishments and achievements, and it is normal to aspire to attain higher levels of success. However, it is crucial to practice emotional well-being and find contentment in the present, rather than constantly chasing external validation or comparing oneself to others.
Episode 535: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) look back at 2023 and the nine new philosophies they’ve picked up after 133 episodes of MFM.
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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.
