98 days until 2027...Do this and you’ll thank yourself on Jan 1st

My First Million • • 53min → 4 min • #51
98 days until 2027...Do this and you’ll thank yourself on Jan 1st
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Summary

  • Shaan Puri and Sam Parr discuss how to use the final 99 days of the year as a decisive sprint, then wander through a series of connected threads: personal operating systems, creative process, investing psychology, a forgotten media dynasty, brand drift at Nike, and a family member turning a cancer diagnosis into content.

The 99-day sprint and the tyranny of default time boxes

  • Treating the last quarter like an athlete’s fourth quarter lets you ask whether you’ve made your mark and still change the answer.
  • Quarters are an arbitrary container; months or four-week cycles force tighter decisions because work expands to fill the time allotted (Parkinson’s Law).
  • Sam neutralizes his “cortisol entrepreneur” instincts by restricting business talk with his co-founder to one 45-minute written meeting per week, letting anger cool before it’s voiced.
  • The Jewish New Year in September gives a three-month head start on reflection and resolutions compared to the January 1 default.

Events as a constrained art form

  • Sam wants to launch a second signature IRL event before year-end despite having no concept yet; he argues the decision and the idea take the same compressed time if you refuse professional-planner timelines.
  • Hoop Group works because exclusivity (top operators + basketball obsession) creates a self-selecting tribe, but that same filter limits the next event’s reach.
  • Constraints — zero budget, “would I pay to host this?” — eliminate 99% of bad ideas and produce distinctive experiences (e.g., Burning Man’s “no service” ethos).
  • Sam’s early HustleCon events were six-week sprints, $300 tickets, 350 people, and deliberately unpolished because “scrappy” was the brand.

Joel Greenblatt’s jelly-bean jar: independent judgment vs. social contagion

  • Greenblatt asked 100 people to privately estimate beans in a jar; the average guess (1,771) was five off the true count (1,776).
  • When the same group guessed aloud, anchoring cascaded and the average error ballooned to ~50%.
  • The market is the jar: independent analysis gets you close; listening to CNBC, analysts, and tickers makes you wrong together.
  • Buffett and Greenblatt both recommend index funds for most people precisely because blocking out the noise is brutally hard.

Quieting the internal chorus: roommates, five voices, and six hats

  • Joe Hudson’s Untethered Soul insight: treat the voice in your head as a noisy roommate — ask “Who is thinking this? Why?” instead of automatically believing it.
  • Shaan’s “five voices” model: the Critic (Goggins), the Mother (safety), plus three others; the “Self” only speaks when the others are hushed via meditation, sleep, therapy.
  • Edward de Bono’s Six Thinking Hats operationalizes this in groups: explicitly assign roles (facts, optimism, devil’s advocate, creativity, process, emotion) so one mode doesn’t dominate.
  • Sam and Shaan use literal hats — “Rick mode” (playful, generative) vs. “Prick mode” (ruthless editor) — to separate divergent and convergent phases, mirroring Seinfeld’s “child mind / assassin editor” distinction.

Notebook systems: capturing the muddy water until it runs clear

  • Zack Dell (Base Power) keeps a red notebook for “in the business” tactics and a blue notebook for “on the business” strategy; Sam runs three: a 3-minute five-year journal, a content-idea dump, and a daily problem-solving log.
  • The “old mansion” analogy: first output is brown, muddy water; keep the tap running (daily reps) until it clears — Eminem’s freestyle and Tupac’s studio velocity are the result of warmed-up pipes, not magic days.
  • Consistency beats intensity: the podcast improves with frequency; long breaks rust the flywheel.

The Newhouse dynasty: a century of buying boring cash flows and letting editors run wild

  • Sam Newhouse (b. 1895), 5’2”, dropped out at 13, learned bookkeeping by mail, turned a failing Staten Island paper profitable at 17, then bought a new paper every ~3 years for 60 years.
  • Core thesis: “We sell ads.” Content serves circulation; circulation serves ad revenue. Valuation: 10-year profit horizon, 6–8× earnings, zero HQ, handshake deals, briefcase management.
  • Sons (Si and Donald) pivoted to prestige: bought The New Yorker, then Condé Nast (Vogue, Vanity Fair, GQ), hired Anna Wintour, gave editors total creative freedom within a profit floor.
  • Dot-com era: bought Reddit for $10M (now worth $2–3B), kept 30%; own 14% of Charter Communications, 4% of Warner Bros. Discovery, Ironman triathlon series, Turnitin, mountain-biking events — still private, still family-run.
  • Takeaway: know your business (ads first), stick to the knitting, decentralize operations, and let distinctive brands be distinctive.

Nike’s 80% stock collapse: when a brand forgets its religion

  • From $170 to $36 (~$53B market cap, ~1× revenue); cause debated but widely attributed to brand drift from “greatness” (athletes achieving the impossible) to broad inclusivity campaigns that diluted the aspirational core.
  • The premium came from standing for excellence; if Nike is for everyone regardless of performance, the badge loses its signal value.
  • Cycle: drift → backlash → “back to roots” reboot (trim SKUs, fire agency, overpay athletes) — a pattern seen at Jaguar and other heritage brands.

Turning “shit into gold”: Sydney Glander’s pregnant-with-cancer TikTok

  • Sam’s sister-in-law (Sydney Glander, 30) documents daily workouts and chemo while pregnant; tens of thousands of views, brands (Kettle & Fire, Chomps) sending free product.
  • Shaan suggests reframing the hook from “I have cancer” to “I’m an expecting mom and future cancer survivor” — identity labels harden publicly, so choose the one you want to grow into.
  • The “first free box” moment is the creator equivalent of the first dollar: proof you’re in the arena.

Tales from the house: the cleaning-lady-before-the-cleaning-lady spiral

  • Sam’s wife panics when a kindergarten-teacher friend brings husband + kids to pick up donated toys; emergency clean escalates to husband (a real estate agent) opening every closet, drawer, and linen cabinet searching for their hide-and-seek champion child.
  • Wife makes mortified excuses room by room; kid found in a closet; 15 minutes of post-visit silence as she processes her worst nightmare playing out — a live stoic negative-visualization exercise.
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