My First Million He Bought a Local Newspaper… Now He Makes $600K/YR
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Jun 27, 2025 The podcast dives into the surprising resilience of local newspapers, revealing how they thrive on community support despite financial struggles. Insights into balancing wealth with a life of purpose offer a fresh perspective on profitability in media. The hosts also discuss political strategies of NYC's mayoral candidates, emphasizing the importance of charisma in modern campaigns. Listeners learn about the evolving landscape of advertising and the challenges of stock investments, paired with engaging stories from entrepreneurship. A lively exploration of wealth in philanthropy rounds it all off!
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Small Town Papers Are Viable
- Small town newspapers are often profitable but fail due to a lack of succession plans.
- These businesses have a stable subscriber base and advertising opportunities, making them viable starter businesses.
Berkeley Talk: Starter Businesses
- Sam Parr gave a motivational talk at Berkeley to young students about starter businesses.
- He emphasized trying ventures early for valuable stories and life experiences regardless of immediate success.
Ego Sacrifice Drives Success
- Steve Ballmer told how Satya Nadella gave up power to work under a more talented leader.
- This lack of ego helped Microsoft thrive and reach a $3 trillion valuation.
