1:02:07Why Today Is the Day to Ask For a Raise | My First Million #216
From My First Million · Published Jul 5, 2022 · Watch on YouTube
TL;DR
The hosts discuss the appeal of high-adrenaline experiences (boxing, skydiving) as a way to feel alive, then debunk the $75k happiness plateau with a study showing life satisfaction rises linearly with income up to $500k+. They analyze business roll-up strategies (Wayne Hazinga, Bradley Jacobs), the mapping company ESRI, and the modern timeshare Picasso.
Key insights
- The popular $75k happiness plateau study is “mostly bullshit” because it relies on recalled feelings; a newer study using real-time app tracking shows life satisfaction and experienced wellbeing incre
- The 10,000-hour rule has caveats that get stripped away when turned into a fortune-cookie tweet; there are instances where people become great in much less time.
- ESRI is a 60-year-old family-owned mapping monopoly with over $1B subscription revenue, no outside funding, and a moat built by giving free software to engineering students so they become lifelong use
Want the full analysis - every claim cited to the second it was said?
This page only shows a teaser. Sign up to chat with the complete, cited breakdown of "Why Today Is the Day to Ask For a Raise | My First Million #216".