My First Million
My First Million

Sam and Shaan's New Year's Resolutions

Shaan Puri (@ShaanVP) and Sam Parr (@theSamParr) discuss why Sam makes new year's resolutions, why Shaan doesn't, and what they're focusing on this year. _____ * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Want more insights

Featured Speakers

Sam Parr & Shaan Puri Host

Topics Discussed

Episode Summary

Executive Summary: The conversation contrasts two approaches to goal-setting and personal assessment. One speaker shares a detailed New Year’s resolution system across body, money, mind, adventure, and random categories, while the other explains why he avoids resolutions in favor of immediate action and an end-of-year life dashboard. The exchange emphasizes measurable self-improvement, honest reflection, and the idea that happiness and success should be openly celebrated.

Main Topics: New Year’s resolutions vs. immediate action (Priority: 5/5): One speaker uses annual resolutions to structure goals, while the other argues he starts pursuing goals as soon as inspiration strikes rather than waiting for January 1. Life dashboard and self-assessment (Priority: 5/5): The discussion centers on evaluating life across categories such as health, wealth, play, love, and self-respect using a simple 1-to-5 framework. Goal categories and specificity (Priority: 4/5): The resolution-maker breaks goals into body, money, mind, adventure, and random, showing a highly structured approach with concrete targets. Personal growth and current peak performance (Priority: 4/5): The speakers note that the last 24 months have been unusually strong, with major gains in health, work, play, and self-respect. Work, family, and time management tension (Priority: 4/5): A key tension is balancing work, kids, marriage, and personal time, especially the lower score in love due to limited time with a spouse. Cultural attitude toward happiness (Priority: 3/5): The conversation closes with a critique of the tendency to valorize sadness and undervalue openly being happy or doing well.

Key Arguments: Structured annual goals can work if they are specific, tracked, and mostly completed; one speaker claims he hits about 70-75% of his resolutions. Immediate action is more effective than waiting for New Year’s Day because motivation can be perishable and should be acted on quickly. A life dashboard helps identify neglected areas and over-optimized areas by making progress visible and measurable. Bookkeeping and financial tracking become critical as personal and business complexity increases, helping prevent tax and cash-flow problems. Kids and shared routines can increase play and lighten a serious mindset, even if that was not the original goal. A strong recent period in life should be acknowledged without shame; happiness does not need to be hidden to be socially acceptable.

Data Points: Resolution completion rate: 70%–75% - Speaker says he usually hits most of his yearly resolutions. Body fat goal: 12% body fat - Listed as one of the body-related resolution targets. Running goal: 20 minute 5k - Body category target for athletic performance. Vertical jump goal: 35 inch vert - Body category target for athletic performance. Wealth target: index funds / specific amount invested - Money category includes investing a set amount via a syndicate and making $1 outside main competency. Life dashboard scale: 1 to 5 - Used to rank health, wealth, play, love, and self-respect. Peak recent period: last 24 months - Described as the best ever / dope period in life. Framework duration: about 5 years - The speaker says he has been using the life dashboard for roughly five years. Lowest love score: about 3 - Speaker estimates the love category was around a 3 due to not spending enough time with his wife.

Pivotal Quotes: "inspiration is perishable. It expires, you know, inspiration is like an avocado." — Speaker 2: Explaining why he does not wait for New Year’s resolutions to begin pursuing goals. "what gets measured gets managed" — Speaker 2: Justifying the end-of-year life dashboard and reflective scoring system. "it's okay for things to be good." — Speaker 2: Closing reflection on celebrating a genuinely positive phase of life without shame.

Implications: Listeners get a practical model for self-improvement: act quickly, measure honestly, and balance ambition with play and relationships. The discussion also normalizes being openly successful and happy rather than hiding it.

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About My First Million

Sam Parr and Shaan Puri brainstorm new business ideas based on trends & opportunities they see in the market. Sometimes they bring on famous guests to brainstorm with them.

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