How Sam Parr Retired With Over $20 Million by Age 31 | 019

I sit down with the remarkable entrepreneur and investor, Sam Parr. Sam, the brilliant mind behind The Hustle, accomplished an extraordinary feat by retiring at 31 after selling his company to Hubspot. He is now the host of the highly acclaimed podcast, My First Million, and continues to educate and inspire others to succeed in entrepreneurship.
In this conversation, we delve into building an audience versus a community, unravel the key differentiators that propel individuals to success, and dive deep into the intriguing story of how Sam sold his company. And all the other captivating stories Sam has experienced as well. Enjoy the episode!
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Topics:
00:00 Intro
1:33 “I’m not a businessman, I’m an artist”
13:44 Why Sam started his blog
19:54 Selling The Hustle to Hubspot
32:21 Stepping down from the CEO role
38:23 Overcoming feeling inadequate
43:05 Misconceptions on founder wealth
46:17 Bootstrapping vs. raising capital
50:14 The separator of successful people
53:05 Maintaining creative freedom
1:03:03 Growing in entrepreneurship
1:13:58 Competitive advantages
1:18:09 Sam’s new business model
1:22:27 Content creation
1:28:31 Audience vs. community
1:35:06 Natty or not
1:42:35 Sam’s vision for the future
1:47:49 Selling his business
1:50:57 “Molecule Of More”
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[@ErickaWilliamsCC]

Just catching this today. Great interview

[@gabrieldib]

This was one of the best pod episodes I have ever heard. Thank you Nick and Sam!

[@nicklydon8767]

I love when Sam is talking business. On MFM he can come off goofy when he is really clever and knows his shit. I really like this side of him.

[@NBTJacklyn]

10 minutes in this is so excellent and inspiring so far!!

[@andrewlopez8853]

Solid Pod 🤘

[@Acostajavie]

Always learning so much from these podcast 🙏🏼 such inspirational guest that tell it like it is

[@aaronmiller680]

Outstanding episode!

[@giulioramazio]

Great podcast, thanks for all the insights. Much love from 🇮🇹

[@Josh_Ward]

Love the reminder from Sam (at 38:30) about the inadequacies that others feel -- even super successful people.

[@kabomolefe767]

as soon as he mentioned Felix Dennis I knew I'm going to have to rewatch this podcast a few times. Great podcast, great questions and interesting stories. This was my first episode(saw you on a tiktok)

[@giagenae]

This one was really good. I enjoyed Sam’s transparency and honesty. Gave me a lot of perspective on entrepreneurship.

[@scottsimnz]

Big fan of Sam. Really enjoyed this one!

[@ZaahirJappie]

The knowledge in this episode !!!

[@Ooooopppsss]

This was an incredible episode for me personally, very relevant to my life.

[@brandonbernitz2431]

Unbelievable podcast!!

[@tomascardenasg]

Yeah this was solid

[@kyletaylor7661]

Nick exposed a little more of himself and lets us know he’s a normal dude. Love it

[@DannyMiranda]

can't wait to check this one out

[@shivendhania7724]

I was literally watching your podcast with Sam before this!

[@joshadam5518]

That was great!

[@ErickaWilliamsCC]

1:45:00 certain communities need a home, and its a savings a account for them. mostly because they won't make a ton of money, wont change careers, wont gain massive wealth.

[@connorbaak9610]

Finallly!!!!

[@0btb7]

Bruh Sam Parr on In-Focus might be some next level stuff lol He is reading the convo so fast he cuts Nick Bare off but I understand it.

[@benjamin.kelley]

Lol I'm a business owner of a 3 year old business and barely make anything and work a ton ✌️

[@alexanderyekhanin8830]

Think about what other work you can do, work that gives you more output per unit of time

[@callous21]

What kind of business?

[@harvey1115]

Can someone sometime interview folks who can’t qualify for loans, don’t have a family to keep extra stock in their basement or package orders for them, just someone who is a regular person with no safety nets who found success? Thanks ❤

[@Maudegr]

Sam is a pretty regularly guy

[@callous21]

​@@Maudegrtrue but his business is content not merch

[@Maudegr]

@@callous21what’s your point ?

[@callous21]

​@@Maudegrlot less capital to get started. Just need to be creative and interesting. Doesnt take up lots of space. Not saying he cant comment on that. Actually they did a pod on how they would start now from nothing and talked about social media marketing service which has similar advantages as a content based business

[@Maudegr]

@@callous21Oh yeah very true

[@aaronwhite3298]

Must be nice being rich!

[@Roger-il8iw]

Great podcast, but his dude needs to chill with the adderall