My First Million

John Lee Dumas On How He Saved $1,000,000 In Taxes By Moving To Puerto Rico, How He Makes His Money, and More

Mar 1, 2022

John Lee Dumas, a renowned podcaster and entrepreneur behind Entrepreneurs On Fire, shares his bold financial strategies and personal anecdotes. He reveals how relocating to Puerto Rico helped him save a whopping $1 million in taxes and discusses his revenue transparency. Curious about fasting? John reflects on his transformative 10-day fast and its emotional impact. He also dives into innovative marketing strategies for podcast sponsorships, revealing his jealousy towards successful businesses and the dynamics of the podcasting community.

01:18:37

Episode guests

John Lee Dumas

Highlights

AI Chapters

Episode notes

Are You a Target?

03:43

Together We Thrive, Apart We Wither

01:22

Podcaster, Blogr You

04:48

Intro

2min

Friendship and Podcasting Insights

5min

The Power of Transparency in Business Revenue Sharing

5min

Tax Benefits and Lifestyle in Puerto Rico

16min

Innovative Marketing in Crypto

20min

Turning Love into Business: A Unique Cookie Delivery Success Story

2min

Fasting and Transformation

25min

Navigating Relevance and Opportunity in Business Ventures

2min

Sam Parr (@theSamParr) and Shaan Puri (@ShaanVP) bring John Lee Dumas onto the show to talk about why he moved to Puerto Rico, how he makes his money, why he went on a 10-day fast, and more.

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Show Notes:

(2:20) - Interview with JLD begins

(06:05) - Why JLD reveals his revenue

(10:30) - Why he moved to Puerto Rico

(19:30) - How JLD invests his money

(39:15) - How he makes so much money on podcast sponsorships

(47:15) - Businesses that JLD is jealous of

(50:30) - Going on a ten day fast

(57:30) - Sam and Shaan recap the interview and talk about fasting, a progress report on Milk Road, and more

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Links:

* https://www.eofire.com/

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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.

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