Shaan Puri Profile picture
Feb 24, 2021 β€’ 11 tweets β€’ 2 min read β€’ Read on X
A few semi-controversial things I believe πŸ‘‡
Real Estate has the highest % of "dumb rich people".

I'm not saying you're dumb if you're in real estate.

I'm saying -- if you want to get rich without needing to be a genius, real estate is your best bet.
Hard work is massively overrated.

*WHAT* you work on is far more important than *HOW HARD* you work.

I'm pretty lazy. But I'm happy and successful.

Janitors work hard. Backline cooks work hard. Hard work helps you win your game. Choose the right game.
"Most people" do what "Most people" do.

This is a huge mistake. In the US:
* 50% of marriages end in divorce or separation
* 60%+ of the pop. is obese or overweight
* 70% of people have less than $1k in savings

What "most people" are doing isn't working
If you work in tech - joining a startup is a bad financial decision.

Employee #1 gets 10x or 20x LESS equity a founder gets + takes a salary cut.

Big companies pay way more, and have less stress.

$$ wise - Start a startup or work at a big co
Creative ppl should NOT work Monday-Friday 9-to-5 (yet 99% do this)

@naval has a great framework. Work like a LION.
- sit
- wait for prey
- SPRINT
- eat/enjoy
- rest & repeat

Most people work like COWS instead. Standing in the field all day, grazing grass slowly.
Becoming a Billionaire is a silly goal.

they just give the money away anyways.

Instead..be a:
- Help Billionaire, helping 1B people. OR
- Time Billionaire - having complete freedom of schedule, to invest billions of minutes into projects you care about.
OK I'll stop there. I'll save the fully-controversial beliefs for the private newsletter ( shaanpuri.com )
The advice to "be yourself" sounds easy, but is actually the hardest thing you can do in life.

Most people don't like themselves. They don't think they are enough.

So they set goals. Get promoted. Lose weight. Get rich. etc.

You can do those, but it won't solve the insecurity
There is more fiction written in excel than in books
You don’t need to buy a sleep tracker.

Great sleep is obvious.

And anything less than that is not great sleep.

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More from @ShaanVP

Jul 1, 2023
for the past 10 years, I've kept a scratchpad of notes called "money wisdom"

anytime I read, heard, or learned something wise about wealth - I wrote it down... here they are:
THE RICH AREN'T JUST "LUCKY"

Pretend we took all the money, and re-distributed it equally. Everyone got $100,000.

Within 10 years, the rich people would be rich again.

wealth building is a skill that can be learned.

For most people, they need to make 3 small shifts..
quick story - a man wants to learn golf.

He buys clubs, and starts hitting balls at the driving range.

The balls go left, right, center. He can't control it.

He sees a coach teaching a kid nearby. He walks over and hires the coach. First lesson tomorrow.
Read 28 tweets
Jun 29, 2023
I got greedy.

For 5 years I've watched @awilkinson & @XavierHelgesen build $100M+ empires "buying businesses"

I love those guys. Invested in both.

But if you sit around a barber shop too long. You'll end up with a haircut.

Here's the story of me buying my first business..
It's Jan 1. I call @benmlevy

Ben - no more startup shit.

Huh?

No new ideas.

We're buying businesses.

And we're not tip-toeing in. We're going balls deep.

New slogan: "We put the privates in private equity"
I start looking for companies for sale.

Shopify App for sale, $2.1m revenue.

Revenue? What is this, a school for ants?

I need profits. cash flow.

I book an appointment with my tattoo guy. Image
Read 13 tweets
Mar 24, 2023
One of the most painful parts of being a founder, is begging for intros or cold-emailing into the abyss trying to get in front of investors

Especially if you're an outsider or first time investor.

A few months ago, my buddy @julian had a great idea on how to fix that.
When I was applying to college, California came out with the "common app"

One application, and you've applied to all UC schools.

What if we did that for startups?

One pitch, raise your seed round from 15 badass investors?

Enter - SeedChecks.com
If you're going to raise a seed round, you want:

- former founders
- who have big audiences
- who write checks and make decisions fast

Why not apply once, and get your idea in front of all 15 at once?

No cold emails, no sliding into DMs, no begging for intros
Read 5 tweets
Dec 16, 2022
I just sold my 2nd company! (@MilkRoadDaily)

super happy.

- grew from zero to 250,000 readers in less than 1 year
- self funded & profitable even w/ crypto crash
- biggest daily crypto newsletter

here's how it happened..
Me and Ben decide we want to start a crypto business.

But we're too dumb to do anything fancy.

So we stick to what we know.

Writing.

Let's make a newsletter that summarizes "what happened in crypto today?"
inspired by my buddy @thesamparr who I got to watch step-by-step build @TheHustle from scratch over several years.

I felt like I could copy+pasta his blueprint, but for crypto.

(lesson: be friends with winners, then learn from them)
Read 13 tweets
Nov 9, 2022
This year I learned that there is no"smart money"

A16z, Sequioa, Chamath, Tiger, Tribe Capital, Coatue, Softbank, Paradigm, Ark, 3AC, Alameda, FTX, etc..

all made terrible financial decisions, at huge size.

and yet - most will get richer.
They play a rigged game.

chamath made bank off his shitty spacs as a promoter

& funds managing billions will make hundreds of millions in fees as a REWARD for losing their investors money
they didn't just invest in companies that started to underperform

they invested huge amounts ($50M to $500M) into fundamentally flawed assets
Read 4 tweets
Nov 8, 2022
Here's the 30 second summary of the FTX drama that is blowing up in crypto.

1/ How FTX (a multi billion dollar co) almost died overnight

2/ And why this is a god tier strategic move by @cz_binance
OK so it starts years ago. Binance was an early investor in FTX
But FTX starts growing like crazy. They become the #2 biggest exchange

Steph curry, tom brady, they cut huge marketing deals.

SBF becomes the famous "fro of crypto" Image
Read 23 tweets

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