Start Planning Your 2023 Goals TODAY | Goal Setting 101 (#391)
About this video
Sam and Shaan discuss setting New Year’s goals before January 1st, explore various money-making arbitrages and business edges their network has exploited, debate investment philosophy and index funds versus active investing, cover recent Twitter drama around Pipe’s potential implosion, and get excited about new AI tools including Character.ai and Adept.ai that are reshaping human-computer interaction.
Key takeaways
- Sam argues that starting goals before January 1st is critical—waiting until New Year’s Day is ‘weak’ and ineffective; both hosts use structured goal-setting frameworks (Sam uses Six F’s: Family, Financial, Fitness, Fun, Mind, Adventure; Shaan uses a five-category scorecard: Health, Wealth, Play, Love, Self-Respect)
- Shaan shares a money principle: act slowly when trying to make money and quickly when protecting money—his natural tendency to act fast on gains but slowly on losses has cost him, as seen with his delayed crypto withdrawals before collapses like Luna and FTX
- Sam and Shaan discuss that arbitrage opportunities (like Sam’s poison ivy cream resale or their friend Jack Smith’s collectibles flipping operation) attract high-performers and founders, though arbitrages are temporary and don’t scale long-term into real businesses
- Shaan admits he has never sold a stock in his life and prefers keeping capital in private investments and startups where he believes returns will exceed 7.5% index fund gains; Sam advocates for index funds for most people but respects Shaan’s active approach
- Character.ai and Adept.ai represent a major AI breakthrough—Character.ai’s chatbots (Socrates, Elon, GigaChad) demonstrate genuine conversational understanding and sarcasm detection, while Adept.ai’s Act One tool promises useful general AI that can interact with software and reasoning
Episode details: published December 1, 2022 · 29K views · 1:11:21 long. Summary written by Self Growth Videos from the episode itself. The business ideas, figures and results discussed are the hosts’ and guests’ own claims, shared as brainstorming and entertainment — not verified facts and not investment advice.
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