How to retire with millions (and pay $0 taxes)

Podcast: My First Million (LS 67 · TOP 0.05% what is this?)
Episode: How to retire with millions (and pay $0 taxes)
Pub date: 2025-05-14

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Episode 707: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Ankur Nagpal ( https://x.com/ankurnagpal ) about IRS loopholes that can help you grow your net worth plus Ankur shares 6 business ideas. 

See Ankur in person at the OOO SUMMIT on Friday, May 16th - https://lu.ma/2025 

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Show Notes:

(0:00) Ankur's portfolio experiment

(10:46) A case for direct indexing

(16:29) Super backdoor roth conversions

(20:59) Mega backdoor conversion

(23:52) IDEA: Executive Clinic for Aesthetics

(32:32) IDEA: Amish Farm Imports

(36:18) IDEA: Credit Card Agent

(43:01) IDEA: Homeownership app

(47:35) IDEA: Padel club

(56:31) IDEA: Buying a sports team

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Links:

• Steal Sam's guide to turn ChatGPT into your Executive Coach: https://clickhubspot.com/dvj

• Teachable - https://teachable.com/ 

• Carry - https://carry.com/ 

• Frec - https://frec.com/ 

• Superpower - https://superpower.com/ 

• Flightfox - https://www.flightfox.com/ 

• Seats.aero - https://seats.aero/ 

• Home Depot Workshops - https://www.homedepot.com/c/kids-workshop 

• The OOO Summit - https://lu.ma/2025 

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Check Out Shaan's Stuff:

• Shaan's weekly email - https://www.shaanpuri.com 

• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.

• Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies!

Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC

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Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com/

• Ideation Bootcamp - https://www.ideationbootcamp.co/

• Copy That - https://copythat.com

• Hampton Wealth Survey - https://joinhampton.com/wealth

• Sam’s List - http://samslist.co/

My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

The podcast and artwork embedded on this page are from Hubspot Media, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.