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Shaan Loses $700K in Crypto Crash And The Mentality of A Downturn
My First Million
Go to Podcast Page
Shaan Loses $700K in Crypto Crash And The Mentality of A Downturn
My First Million
Go to Podcast Page
Sam Parr, Shaan Puri
·
34 Clips
·
Jun 16, 2022
Shaan Loses $700K in Crypto Crash And The Mentality of A Downturn
My First Million
0 Clips
·
Jun 16, 2022
Top Moments
In a bear market, it pays to be a pessimist; and in a bull market, it sort of pays to be an optimist. And somebody who's always a pessimist or somebody's always an optimist is not going to have long-term success. The ability to shift gears between optimism and pessimism, and knowing when to do what, is a highly underrated trait that very few people
have.
Switching Between Optimist & Pessimist During Bull & Bear Markets Is Essential
I don't mean this in an arrogant way, but I truly believe that if I look at my life over, like, a 10-20 year period from here—I'm in my early 30s, so by the time I'm 40 or 50—I think I'm gonna have more money than I'll ever know what to do
with.
Confident in His Ability to Make Money, Shaan Isn't Panicking Amid the 2022 Market Crash
Your net worth, it's not a figment of your imagination, but it's sort of like a figment of your ego or a figment of your perceived sense of safety ... In reality, the stock market could go down, the crypto market could go down, it doesn't actually change my day-to-day lifestyle or comfort based on where I'm
at.
Bear Market Times: Shaan Started Shopping at Trader Joe's Instead of Whole Foods
Whether you're an employee, you're an employer, or you're an investor, nobody is going to be spared from the economy going into a recession, the stock market tanking, the crypto markers tanking, and global
inflation.
Inflation, Market Downturns, & Crypto Crashes Affect Everyone
The range of how humans can live, survive, and thrive is so much wider than the average person
thinks.
Living in Jakarta & Beijing Taught Shaan to Be Self-Governing
Part of my core strategy is to be out of touch and avoid the news and not learn from or speak to the common denominator of the
population.
Shaan Puri's Teachings Aren't for Everyone; He Tries to 'Intentionally Be Out of Touch'
Now it feels almost impossible to make money. It's like, well, where do I go make money? This stock market is down brutally; crypto is crashed; every business is now laying off people or freezing
hiring.
Shaan Reacts to the Summer 2022 Market Crash: It Feels Impossible to Make Money
If I'm in a state of panic, anxiety, and stress, I already know my decision-making is not very
good.
Confident in His Ability to Make Money, Shaan Isn't Panicking Amid the 2022 Market Crash
Intros & Ads
AD: HubSpot
My First Million Intro
Clips
1
Now June 2022, The Milk Road's $950K Starting Portfolio Is Down to ~$250K
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2
Shaan Reacts to the Summer 2022 Market Crash: It Feels Impossible to Make Money
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3
Shaan Predicts Ad Spend Decreasing Given the Summer 2022 Market Crash
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4
Shaan Puri's Mentality During the 2022 Bear Market: Have a Winner's Brain
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5
Sam Reacts to the Summer 2022 Market Downturn, Says He Fears of Running Out of Money
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6
Would Sam Give Away Half His Money With the Guarantee He'd Never Lose the Rest?
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7
How Shaan & Sam Are Approaching the 2022 Bear Market: Reprogram & Get After It
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8
AD: Marketing Against The Grain
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9
AD: What's Your Problem?
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10
Sam Thinks Shaan Is More Likely to Become a Billionaire Than Him
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11
No One Can Agree on Why Market Crashes Happen
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12
Why Sam Parr Unfollowed @zerohedge on Twitter
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13
Switching Between Optimist & Pessimist During Bull & Bear Markets Is Essential
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14
Why Sam Is Working Harder Than Ever During the 2022 Market Downturn
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15
Confident in His Ability to Make Money, Shaan Isn't Panicking Amid the 2022 Market Crash
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16
Bear Market Times: Shaan Started Shopping at Trader Joe's Instead of Whole Foods
1
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17
Sam Parr Recommends Truebill, a Product That Identifies Unused Subscriptions
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18
During Market Crashes, Invest in Companies That Thrive Amid Downturns
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19
An Investing Lesson from Shaan's First Bitcoin Purchase: 'Did Your Conviction Change?'
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20
The Top 2 Reasons Why Fortunes Are Built During Bear Markets
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21
The Shoptalk & Money2022 Conference Founders Are Making Millions; Here's How
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22
Billionaire Sheldon Adelson Realized Conference & Real Estate Businesses Are Similar
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23
Sam's Advice for Conference Founders: Unless You're TED, the Money Is in B2B
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24
Interlude
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25
Inflation, Market Downturns, & Crypto Crashes Affect Everyone
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26
Things Were Going Great... Until Putin Invaded Ukraine
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27
Sam & Shaan React to Summer 2022's Skyrocketing Gas Prices
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28
Living in Jakarta & Beijing Taught Shaan to Be Self-Governing
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29
Shaan Previews His New Book: Everybody Wants the Same Things But End Up With the Opposite
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30
Shaan Puri's Teachings Aren't for Everyone; He Tries to 'Intentionally Be Out of Touch'
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31
'My First Million' Listeners Still Confuse Sam & Shaan's Voices
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32
Sam & Shaan Outro
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Transcripts
View Full Episode Transcript
Clips
AD: HubSpot
My First Million Intro
Now June 2022, The Milk Road's $950K Starting Portfolio Is Down to ~$250K
Shaan Reacts to the Summer 2022 Market Crash: It Feels Impossible to Make Money
Shaan Predicts Ad Spend Decreasing Given the Summer 2022 Market Crash
Shaan Puri's Mentality During the 2022 Bear Market: Have a Winner's Brain
Sam Reacts to the Summer 2022 Market Downturn, Says He Fears of Running Out of Money
Would Sam Give Away Half His Money With the Guarantee He'd Never Lose the Rest?
How Shaan & Sam Are Approaching the 2022 Bear Market: Reprogram & Get After It
AD: Marketing Against The Grain
AD: What's Your Problem?
Sam Thinks Shaan Is More Likely to Become a Billionaire Than Him
No One Can Agree on Why Market Crashes Happen
Why Sam Parr Unfollowed @zerohedge on Twitter
Switching Between Optimist & Pessimist During Bull & Bear Markets Is Essential
Why Sam Is Working Harder Than Ever During the 2022 Market Downturn
Confident in His Ability to Make Money, Shaan Isn't Panicking Amid the 2022 Market Crash
Bear Market Times: Shaan Started Shopping at Trader Joe's Instead of Whole Foods
Sam Parr Recommends Truebill, a Product That Identifies Unused Subscriptions
During Market Crashes, Invest in Companies That Thrive Amid Downturns
An Investing Lesson from Shaan's First Bitcoin Purchase: 'Did Your Conviction Change?'
The Top 2 Reasons Why Fortunes Are Built During Bear Markets
The Shoptalk & Money2022 Conference Founders Are Making Millions; Here's How
Billionaire Sheldon Adelson Realized Conference & Real Estate Businesses Are Similar
Sam's Advice for Conference Founders: Unless You're TED, the Money Is in B2B
Interlude
Inflation, Market Downturns, & Crypto Crashes Affect Everyone
Things Were Going Great... Until Putin Invaded Ukraine
Sam & Shaan React to Summer 2022's Skyrocketing Gas Prices
Living in Jakarta & Beijing Taught Shaan to Be Self-Governing
Shaan Previews His New Book: Everybody Wants the Same Things But End Up With the Opposite
Shaan Puri's Teachings Aren't for Everyone; He Tries to 'Intentionally Be Out of Touch'
'My First Million' Listeners Still Confuse Sam & Shaan's Voices
Sam & Shaan Outro
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