I put 80% of my money in the S&P
5/11/20261 hr 6 min
Get our Wealth Guide (35+ insights from top investors): https://clickhubspot.com/ohkg Episode 822: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about how your genes could determine how much money you make and the startup ideas YC is betting on. — Show Notes: (0:00) money genes (5:07) your personality is your business (23:46) productive placebos (33:39) YC Request for Startups (34:57) IDEA: aesthetic data centers (42:15) IDEA: The company brain (51:10) IDEA: drone swarm defense (57:33) IDEA: personalized medicine — Links: • YC RFS - https://www.ycombinator.com/rfs • Deep Personality - https://deeppersonality.app/ • Viktor - https://getviktor.com/ — Check Out Sam's Stuff: • Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it...apply: http://joinhampton.com/mfm — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC • I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out: beehiiv.com/mfm-challenge My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /
Clips
Transcript preview
First 90 secondsSam Parr· Host0:00
All right, Sean, I have a study that's gonna show why the amount of money that you make is almost entirely out of your control unless you do what I tell you to do. [laughs] How's that for an opener?
Shaan Puri· Host0:10
[laughs] I feel like it is like a late-night infomercial that just like- [laughs] ... is about to brainwash me into something.
Speaker 3· Soundbite0:16
I feel like I could rule the world. I know I could be what I want to. Uh. I put my all in it like no days off. On a road less traveled, never looking back.
Shaan Puri· Host0:25
Okay. I'm intrigued. Go on. What do you mean? What do you mean it's out of my control? Nothing's out of my control.
Sam Parr· Host0:29
Uh, it's about as out of control as it is your ability to control if you're seven foot tall or not.
Shaan Puri· Host0:34
Okay.
Sam Parr· Host0:35
So I got up to give a shout-out to Jim O'Shaughnessy. I saw a clip where he kind of like brought me to this topic. He talked about the study that I'm gonna reference. So in 2014, there was a researcher in Sweden named Henrik. Interesting things about the Swedes is that they are obsessed with two things, twins and money. So Sweden has this massive twin database where they have many, many, like hundreds of thousands, hundreds of millions of twins that they've documented, and for some reason you're- they track twins. I think originally they did it for health reasons where they wanted to track like, uh, what type of twins got diseases and illnesses.
Shaan Puri· Host1:09
Twins are great for studies, right?
Sam Parr· Host1:10
Yeah.
Shaan Puri· Host1:10
'Cause nature's controlled, so it's all about nurture.
Sam Parr· Host1:13
Yes, and so they have this like massive database, and they were able to break the database down into fraternal twins, which are twins that are born at the same time but don't look alike, and identical twins. They're also obsessed with money. They love money, and in particular, the government loves money. Up until 2007, they had a wealth