Episode of My First Million with Sam Parr and Shaan Puri.
Transcript
Note: This transcript was auto-generated from YouTube captions. It may contain errors and lacks speaker identification. A full Gemini audio transcript will replace this.
Kind: captions Language: en so i’m in the same boat uh the question is directed towards you but i’ll give you my answer really quick which is sean how do you balance side hustles while performing at twitch my answer to that and i’ve said it before is um i don’t ballot i don’t do anything on the side um and frankly i have no idea how you do it our good friend ramon is able to do it really well i get some people can do it i personally can’t do it and i don’t even try and uh i’m not ashamed about that yeah yeah there’s different ways to like kind of organize your time like you see this from elon musk or jack dorsey running two multi-billion dollar public companies at once as ceo right like kind of a crazy thing that kind of seemed impossible before and i would say i do it two ways one is i throw more hours at it so like i don’t take weekends off like i work seven days a week i don’t work all day all seven days a week but i my weekend is just like my weekday they’re the same construction so all of a sudden i got an extra 16 hours on the weekend where i can do things same thing at night like i don’t watch a bunch of like tv i stopped watching like you know nba games stuff like that like i basically was like look i can cut that out and that’s two hours a night that instead i can create content right or like when i do the podcast everybody else at the back when we started this everybody would go down to the cafeteria at twitch for lunch i would walk across the street the studio was your office was literally like 50 steps away from from twitch i would walk 50 steps away go to the hustle office we would record from 12 to 1. everybody else has eaten lunch i’m recording a podcast cool i’ll eat lunch on my desk like later it doesn’t matter right so there’s these little pockets of time you can unlock that’s the first bit second bit is hiring i bring on people so when i say i’m doing x it’s rarely just me doing x it’s like ben or zack or romine or chris or i have a whole bunch of people that i say hey i’m doing this interesting project who wants to do it with me and they’re like i find great people who want to do interesting things together and i say cool what’s in it for you do you want money do you want learning do you want like rep you don’t want to build your network what do you want out of this i’ll make sure you get it and they let me like i said be in two places at once because i could be doing this and they could be doing that what’s your burn on all the like because whenever i hear you say you got all these people i’m like damn yeah that must be a lot uh monthly yes my burn is expensive it’s expensive but the things now bring in money so it’s it’s okay it offsets it but like uh but the angel investing doesn’t bring in money and that’s not angel investing i don’t pay salaries it’s only carry so it’s splitting the upside so they have they they get they i took some of my my 20 carry and i took it down and let them have more carry so um which you know for them is fine because they make money doing other things so they’re like cool this will pay off in five years that’s great and i get to like learn a bunch about investing i get to put together a portfolio so if i want to go get a job doing this or i want to start my own fund i’ll have a track record to point at and say no i i did these investments before i’ve been doing this for years so that’s kind of what’s in it for them um so i do have a you know significant burn i would say it’s like 200 to 300 000 a year of like people cost to do these things my goal is for them to break even but if not like that’s what money is for money is to be invested in things that will grow and so i kind of like just look at it like an investment and uh it’s worked out so far where the side hustles more than pay for the money i put in um now the last thing is basically an acknowledgement and i talked i was pretty transparent with the people at twitch which was like look i operate not on a nine to five like strict schedule like cool i’m just gonna punch the clock for 40 hours a week no no uh i’m here to do this mission you want this job done great i’m gonna get that job done here’s the trade i i can make sure this job gets done you don’t ask me how and when and where and why and how you know like all the time uh like not in such a like confrontational way but like it’s an understood agreement like they know what i do i’m very open about like hey i have a podcast i have a newsletter like the ceo of twitch subscribes to the newsletter and like will dm me about it like sometimes right i’m not hiding any of these things they know i do these things they know they take some time but they’re okay with that trade because i deliver the goods in my projects and so uh my trainer told me this one day because i told him i said i’m feeling a little bit guilty like you know i wonder i really like these people i don’t want them to feel like i’m shortchanging them he goes well do you deliver the goods i was like well yeah like i perform like they get the results they want okay well you’re that dude and i was like what do you mean he’s like he’s like they don’t pay you to sit in your chair for certain hours they pay you to deliver the results and so just make sure you deliver the results and if you’re delivering the results in less time that’s because you’re that dude maybe not everybody could do that but you could do that and i was like oh man what a pep talk that was uh you know made me feel good about something that i was feeling you know uncertain about or uneasy about before and you’re on paternity leave now right yeah so that helps too yeah exactly yes and that’s you know like big companies understand like look you if you have a kid my first kid i only took 10 days off which i really regret i should have uh i should have took the whole leave and so this time i decided i’d make i’m gonna make sure i take some off and this time my family actually really needs me there whereas the first time i was like i don’t know what the hell i’m gonna do here uh my wife’s kind of got it under control let me go back to work and so this time i kind of realized that the idea of like oh this project is so important and like if i take this time off then you know let me do it i’ll take time off later and later never came and that was a big lesson for me like don’t don’t put important things off till later do them now i feel like i can rule the world i know i could be what i want to i put my law in it like travel never looking back