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 i have a friend uh who used to work work with me and i caught up with him and his story he basically went from like uh average like an average job like you wouldn’t look at this person say oh that’s a star career and um they’re good they’re doing well obviously but they were doing like normal person well and they went from normal person well to making like to personally making like 15 million dollars in the last year just by the they basically quit their job and they went down a crypto rabbit hole and started betting on things in defy and they started playing with all the d5 projects investing their money in d5 and they didn’t have a huge base of capital they have you know call it half a million dollars that they put in and to turn a half a million dollars if and if you have no path in your career to being like a you know a deca millionaire right like if you don’t have a path or you’re like yeah i’m gonna have [ ] you money to go from no path no no like reasonable storyline that makes sense there you have a job at a company that pays you good salary and that’s that to that is amazing to me and awesome and like you know just like blew my mind more so than these guys who become multi-billionaires who were like prodigies and like invented the protocol or invested 250k in a random token it’s like this is somebody who just took their own money out of the stock market and was like instead of investing in apple google and facebook i’m going to investigate crypto and turned a normal amount a normal like life savings amount of money into a life-changing amount of money and i want to have him on to tell his full story because it actually has like a bunch of twists and turns um that are like kind of amazing so i’m gonna ask him if he’ll come on and share it do i know they’re willing to uh yeah you know them um i don’t know if they’re willing to share but if they are it’s gonna make for an amazing episode uh i’ll ask them if you’ll do it next week did they um did they earn the did they uh sell do they have usd or like some type of stable currency um no they’re they’re still in crypto like 100 or 100 plus percent because they you know but but is it stable like a bit like a a popular thing uh it’s a mix of popular things and like something they could sell at least everything’s liquid if they wanted to cash out and say i’m done i’m going to malibu and i’m going to chill i’m going to pretend that this year never existed and i basically won a lottery they could do that because we have a buddy in our chat group who said he made all this money in some crazy coin but he’s like i can’t sell it so it’s like that’s different that’s like uh those are like either illiquid like oh there’s this coin but it’s not listed yet or it’s liquid but there’s like no trading volume whatsoever on this coin and so like yeah if you have 10 million dollars and you go to even 100 000 it’ll crash the price of the coin that’s not what this is that’s that’s a different thing um that’s a what that is is i i make a million coins i keep 999 000 for myself and then i sell one of them for a dollar and oh now the total value of my thing is a million dollars and it’s like no it’s not really you there’s such a lit such a small amount of the supply out there being sold it’s not indicative of the true price this is what i’m talking about is not that situation is there any other person all right so you have a story of someone who did 500 000 to 15 million i just told you about this guy who in like two years this person non-technical never was a trader or financial person like they would own like a index fund or mutual fund before that didn’t know how to spell blockchain um you know like this person is that’s why this blows my mind it’s not just this like i know that amount is not the craziest amount of money it’s an awesome amount of money for anybody but what’s crazy is point a to point b it makes no sense it’s like how could those two points connect in that amount of time it’s mind-blowing to me so i told you a story about this dude chris who did 250 000 up to a billion you just said 500 000 to 15 million do we know anyone else that has this like crazy crazy journey uh personally you’ve talked about this guy you talked about somebody right that you’re yeah and a friend that that they made 1 million to 100 million yeah so at its peak when bitcoin was uh 60 000. so i don’t know whatever is that discount it okay i have another one uh there is a kid who i call him a kid because he was actually a kid he i built this a product called blab back in the days like kind of like clubhousey you could basically go hang out chat with people and this kid used to come home every day from school he used to get on and chat and he didn’t chat in the other rooms that had 13 year olds he came to our rooms because he loved technology startups he wanted to be in the startup scene and i think he was maybe 13 at the time okay so fast forward it’s been like six years since then so now he’s like let’s say 21 or something like that it’s been it’s been a while and um he created some but he was he’s a technical guy he created a protocol like i was like oh what you been up to like how’s your startup going and he’s like uh it’s yeah startups okay we haven’t been focusing on it for last few months i was like i know man it’s tough you got just hanging in there buddy you know just pivot he’s like actually like we ended up creating this thing anonymously on one of these random like side chains and it was like blah blah some bunch of terms i don’t even understand you know it’s a it’s a derivatives perpetual contract for you know adding liquidity to this blah blah i’m like okay i don’t understand what you’re saying uh he’s like yeah the market cap of it like you know basically like the market cap of it is like 900 million right now and you know i think he cashed out 10 million dollars in this he’s like he’s like dude it’s been insane the market cap went up like crazy now it’s at 200 and he’s like i was able to like take out like a life-changing amount of money he i took out 10 million he was he was like he was asking me because he goes i heard you guys talking about charities and charity water you told the charity water stores really moved like i’ve set aside seven figures to donate you’re like what i was like you’ve set aside seven figures like like are you seven years old how did this happen where what if what has happened to this amount of time like i used to talk to you when you would come home from eighth grade and get online like you’re donating millions of dollars to charity now like what is again a and b it broke my brain and i don’t mean this as an insult to them like if they’re if they were only 15 then so they’re still only like 19. yeah i think they’re 20 now or 21 something like that it’s been like seven years since we’ve made that thing so um you know it’s not it’s not mind-blowing to me that this person is successful in both cases i i really like this person that’s why i used to hang out with them that’s why i used to work with one of them i think they’re really smart and we’re going to be normal person successful it’s like when you know i went like my sister went to high school with this girl lily galici who’s like this super famous instagram star now she’s like has her own tv show on bravo and it’s like wait that’s the lilly girl who used to come to our house after school like she was just like a normal girl like wait that’s her like that doesn’t even look like her anymore like yeah she’s had some work done right it’s like just mind-blowing to know a normal person who’s like yeah that’s a cool normal they’ll do well in life to be like no actually they’re like one of those crazy outlier stories and in a way that you wouldn’t have otherwise predicted you know it didn’t make any sense like you know it’s not it’s not that that was their skill set and they tried try tried that thing for 10 years and finally hit it’s like just i don’t know where they just did this thing and it hit and crypto is this amazing thing like that so by the way um i’m going to say something when i first talked to my friend i caught up with my friend i felt insanely jealous i was like so j i was happy for him and i like him and all that but i was also like i was like in my head i was just like what the [ ] have i been doing with my life with the the friend that used to work for you both of them both the same reaction yeah because it feels weird because you’re like oh wait you kind of looked up to me yeah now i’m like you know way less successful than you uh so like what just happened you just like catapulted really crazy like yeah between the last time we caught up and now there is jealousy there it’s easy and i just want to say like you know an interesting thing to observe is what is your reaction to hearing stories like this um there’s a part of me that i’m not proud of which gets jealous of it but that used to be like it used to be i would feel that i wouldn’t really acknowledge that that’s what i was feeling and i would kind of find reasons why it was like ah that’s just luck or um like you know well they probably are taking a bunch of risk and they might lose it all and i’m kind of secretly rooting for it to not not all work out just so perfectly as it has that’s gone but i still got a little bit of that like jealousy paying left and i’d say the interesting thing is my coach said this to me he goes uh you know you’ll encounter people in your life where your success just reminds them of their failure and they’re not focused on your success they’re focused on their fail your success has reminded them of their failure or your abundance has reminded them of their lack and uh if you notice that in yourself you want to be aware of that and change that and if you find other people and you’re like oh these people are haters like uh you know just understand what’s coming out they don’t actually hate you it’s uh your success has reminded them of some failing that they have in themselves and that’s where their attention is gone and so uh yeah i wanted to share that because i definitely felt this like crazy feeling that i hadn’t felt in a long time but these stories were so mind-blowing that i could i was like wow this i don’t even know what to say i feel lucky to know who i know which we have the same group basically that i’ve like these stories that sound unbelievably true i’m a big yeah i know that person um i saw it it was wild so like an example is mois ali selling native deodorant for 100 million dollars two years after starting it i was in he we shared an office when he was starting it and i saw him try to learn facebook ads like i saw the thing come to fruition i saw it right in front of my eyes every single day for like six or ten months um and that was almost half the journey [Music] you