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Published Jul 6, 2023

13 Businesses Making +$1,000,000/Year With 0 Employees

Sam Parr and Shaan Puri delve into the lucrative realm of one-person businesses achieving over a million-dollar revenue, unpacking the unique challenges of solo entrepreneurship and advocating for strategic partnerships, while also sharing insightful investment strategies and lessons from personal experiences with Bitcoin and Facebook.
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Episode Highlights

  • Investment Lessons

    Shaan Puri shares valuable investment lessons, emphasizing the importance of patience and seizing second chances. He highlights the concept of putting investments "in the drawer," allowing them to mature without reacting to daily market fluctuations. This approach proved successful with Bitcoin, where he resisted the urge to sell during volatile periods.

    The best trades are going to be one where you buy them, you put them in the drawer, you never think about them again.

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    Additionally, Shaan underscores the recurring opportunities in the market, noting that the best investments often offer a second chance to buy in after initial hesitation 1 2.

       

    Investment Experiences

    Reflecting on personal investment experiences, Shaan Puri recounts his early involvement with Bitcoin and Facebook. Despite initial delays, he learned the value of long-term commitment and the potential for market re-entry. His strategy involved recognizing when to "get back on the train" after market corrections, a lesson he applied successfully with Facebook's stock.

    You always get a second chance to get on the train. With the best investments, there's always a second chance on the train.

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    Shaan's insights reveal a pragmatic approach to investing, focusing on patience and resilience in the face of market volatility 1 3.

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