My First Million
00:53:38 · Shaan Puri, Bill Perkins
[00:53:38] S1: Do you do now for work? [00:53:40] S0: So I have two startups, one's called Sky5, one's called Simmax. One's a geospatial intelligence platform, like Uber for satellites, like you can order on your phone a satellite image, and I have an intelligence firm called Simmax, and I still trade. I run the hedge fund. But I make sure that in each time period, the things I really want out of life, right, that there's value into doing that. And so if if I was if I if I was sitting here and I go, you know, to the day I die, I'm not gonna spend the money I have. Like, I I have no need for any other money. There's no additional fulment to the... To a marginal dollar. Quit it all in a heartbeat. Right? Just stop. Like, what are you doing? You know? But there is marginal utility for me. For some people who... Their concept doesn't enough, they hit it. Like, hey. I just like playing checkers with my friends. I grow potatoes in my yard. I, you know, I go to school, whatever. You know, I do whatever. Like, for them, it's a different decision. Right? Like, it's like, no. I'm wasting. [00:54:37] S1: What is it for you? Because you said, ultimately, I wanna be a farmer. So that doesn't cost that much. Right?
00:54:37 · Shaan Puri, Bill Perkins, Sam Parr
[00:54:37] S1: What is it for you? Because you said, ultimately, I wanna be a farmer. So that doesn't cost that much. Right? [00:54:41] S0: What what So my farming years are really... You know, like, I know I'm gonna be spending a lot less money in years, but, like, if I keep my v o two here and higher as I should, you know, there's a lot of other activities and things I would like to do. I really fell in love with yachting. They're very expensive. I do like private travel. It's a time saver, and the party actually starts when you get on the plane as opposed to when you get to the destination. So I do I do think it's worth working for that, But it it... At a certain time, I'm almost getting close to the age where it's not really worth working for it. It's not worth giving up current hours of Bill and other activities for future Bill to have this thing. You know what I mean? And so I'm constantly measuring that. And, you know, it's also probabilistic. Like, I I could lose money. I could I could make a bunch of money, etcetera. [00:55:30] S2: Dude, every every man, it's like they think of either World War two or the Roman Empire, and they think of retiring on land and being a farmer. I did that once. I tried it. It wasn't for me. Not at that time bucket. So I [00:55:47] S0: can't Not at this. That time bucket. [00:55:48] S2: Yeah. But what what's... Walk walk me through this vision. What are gonna do? [00:55:53] S0: You're talking about later later in life? Yeah. I just Yeah. [00:55:55] S2: What's his farm vision?
00:55:55 · Sam Parr, Bill Perkins
[00:55:55] S2: What's his farm vision? [00:55:57] S0: I mean, I just wanna have like a hobby and not like a big giant farm with a tractor. Right? How many acres? Like couple acres, some gardens, maybe grow some tomatoes or whatever. You'd be surprised. [00:56:06] S2: A garden? [00:56:06] S0: It's like a large... It's a large it's a large garden. A large garden. [00:56:09] S2: You you live Texas. Ranches are pretty big. I I had 20 acres. I had 20 acres, and the Texans called it a ranchette. [00:56:17] S0: Yeah. That's a ranchette. You need, like, a thousand acres to, like, feel like I got a ranch. You know? Yeah. I thought I was [00:56:22] S2: gonna be cool. They were like, sick yard. [00:56:24] S0: No. No. No. I want, like, basically a large garden. A big big gardener, some bees. You know? I had bees. Yeah. You had the bees, you had the whole thing. Right? Like [00:56:34] S2: Yeah. I had bees. I had honey. It was great. Bee... Beekeeping is probably the only ranch adjacent activity that is not a lot of work and is worth it.
00:56:34 · Sam Parr, Bill Perkins
[00:56:34] S2: Yeah. I had bees. I had honey. It was great. Bee... Beekeeping is probably the only ranch adjacent activity that is not a lot of work and is worth it. [00:56:44] S0: Yeah. And I love the pollinators, so that would be great. You know, just kinda enjoying grandchildren and friends and visiting and like, you know, when you're younger, you're seeking adventure. Right? You're looking to create a story, right? Like you're looking to create stories and memories. And when you're older, you have stories looking for friends to talk about them, right? And so when you're older, when my knees are finally gone, I guess there's knee replacement surgery about my back, and I'm tired, and my mental acuity's on on the decline, you know, lung capacity's on decline, you know, the things that I will do because they... You know, it's difficult to walk four miles, or it's difficult to whatever. My world is going to shrink, and I'm gonna be looking for friends to tell stories. And I wanna have a bunch of stories to retire, you know, retire my memories and do the simple things, enjoy the simple pleasures of life.
00:57:40 · Sam Parr
[00:57:40] S2: So a lot of times, people at the podcast, they'll reach out to me, and they're wondering, hey, Sam and Shaan, how do you meet all these amazing entrepreneurs? How do you find all these stories? Well, I have a hack. You see, I actually have a community called Hampton. It's a community for entrepreneurs doing at least 3,000,000 revenue, although we do on average something like $25,000,000 a year in revenue. We have the founders of DoorDash, of Figr, of Blue Chew. All these amazing companies are part of Hampton. And what's interesting is because of the environment in Hampton, which frankly is very similar to My First Million, we have a very unique high trust environment. When people apply and go through this vetting process, they're put in groups of like eight or nine other entrepreneurs, and they get real about everything that's going on in their life and in their business. And sort of like when people listen to MFM, they get inspired to come up with new solutions for business. That's what happens in real life in Hampton. It's life changing. And so if you're a founder of a startup that does at least 3,000,000 in revenue and you just wanna go ahead and pull forward five or ten years worth of success, then check it out. The URL is joinhampton.com. Again, the URL joinhampton.com. When was the last time you worked from an office, and has that impacted your life?
00:58:45 · Bill Perkins, Sam Parr, Shaan Puri
[00:58:45] S0: I have offices, you know, but I I don't go into office. I mean, I have this, like, kind of like, like an ankle monitor called a cell phone that allows me to trade from anywhere, but it's always with me, so I can trade and do work from anywhere. And so it's like, you know, it's like I am tethered to the work world, but it does make for great office spaces, right? Like when I'm on a boat, on vacation, my office is the boat on vacation. Wherever I am, that's the office, right? So it's both a blessing and a curse because I... It extends the amount of neurons that I apply to these puzzles, these work puzzles, and I'm not so sure if that's a good thing or bad thing. I'm constantly evaluating it given how old I am. [00:59:33] S2: Shaan, do you miss having an office? Because Shaan has the same thing. Shaan, Diego comes and and works from your house. [00:59:38] S1: Not at all. I do like... I did have a commute at one point where I was biking and walking to work. I think that's the only part I miss is like the habit of getting up in the morning and getting outside and walking or biking. But now I just do that with my kids' school drop off. That scratches that itch for me. I never I never wanna go to an office again. I like having a dope home office, and I have one or two people that will come over and work from here. And then and then they get out of here halfway through the day, and then I'm just back at home. You know? I'm not looking to go into an office. You love that, Sam. You you love going into an office.