My First Million: Boys React: GPT-4, Billion $ Mint Mobile Sale, Original iPhone Sale, Bay Area Storms

I feel like I can rule the world. I know I could be what I want to put my all in it

like no days on the road. Let's travel never looking back. All right. Welcome to our Friday

episode boys react. We got a guest host filling in Nick. How you doing, Ben? Thanks for having

me. I'm doing great. It's the Nick Huber show today. Yeah. Yeah. Exactly. All right. Let's

go through some news items, do some rapid reactions. First of all, the big news everyone is talking

about on Twitter is chat GPT for it's the newest version of the AI. It's programming simple

video games doing pong on its own stuff like that convincing task rabbit workers to complete

capture for it. So fellows, what are your thoughts on the new chat GPT? Have you used it, Nick?

I haven't used it. I think these people need to go outside and touch some grass. You're

not a fan. No, I think it's all a joke. Dude, you are so going to get left behind. I don't

use it, but I know that it's going to change everything. Darmash from HubSpot created this

thing called chat spot. And basically, you can do a bunch of stuff, but you can like

talk to HubSpot and tell it what to do. So you could talk to it like a human and like,

you know, HubSpot's really complex, like it does a little bit of everything. And you

can just use normal words and be like, make my website look like this or email these types

of people who are on my list. And I think that's like a really good example. There's

this, you know, what like the best iteration of AI right now is if you're watching Monday

night football, you know how they put the one line or the, you know, what do they call

it? I don't fucking foul football first, first down, you know, the yellow strip on the thing

that's AI. Or you know how when you back up in your car and you see like a 360 view of

like everything around you, that's AI. So my theory is if you have to say this is AI

and the product is good because of that, that's a horrible way to go about it. But if it just

freaking works all the time, that's a great way that, you know, the product is going to

be good. So anytime something says AI or web three, and they have, and that's how they

explain it, I go, I'm out, but I'm convinced they're going to figure out another way how

to do this. Did you laugh because I didn't know anything about NFL?

No, I think that was a great explanation. And I don't want to like, I'll preface this

by saying, I think these people are brilliant. And this will be a tool that makes people

more productive. Absolutely. Now let me tell you that 99% of humans and Americans and everybody

else gives two shits about AI. They're worried about enough money coming in their bank account

on Friday to pay rent on Monday and that their house is maintained. If they have food to

put in their kids' bellies, it's absurd. Like literally, we have a whole physical world.

There's grass that needs mode. It grows. Can you believe we plant? We plant this green

shit around our houses that every week we have to go outside and cut it by hand with

a lawnmower. We got to go outside and do that. We got to wash our houses. We got to clean

our floors. We got to install carpet. We got to repair windows. We have a physical world

that's crumbling around the United States. Nobody cares about AI.

Dude, you need to get out of Georgia, man. You need to get out of Georgia. Hang out with

the real people. Sam, you didn't have me here. You actually know how real people live.

Sam, you didn't have me here to agree with you. All right, man. Let's do mint.

Okay. We talked about it a little bit last episode, but T-Mobile is set to acquire Ryan

Reynolds' Mint Mobile. He owns 20 to 25% for $1.35 billion. Wow. Guys, that's on this.

That's 25% of $1.3, $300 million. Yeah. Holy crap. More. So, and then how much did

he sell? What's his gin called? Or whiskey or whatever the hell it was? Avio or something?

He sold that for hundreds of millions of dollars recently. So this guy is killing it. That's

awesome. 25% seems like a lot of equity to give to him, right?

I think it's crazy. I mean, I think this is exciting to me and it should be exciting to

you, Sam, too, because it's an example of somebody with clout, somebody with a personal

brand, somebody who everybody likes and loves, which is the definition of Sam Parr. They've

been able to capitalize that to an insane degree. And I'm excited about what it means

for people with distribution. Meaning, if you have ears and you have eyes and people

care what you have to say, you can get involved in products and you can grow massive companies.

Sam's doing it. I'm excited about doing it. It's just the beginning of...

Dude, how much more famous is Ryan Reynolds in both of us? A hundred times? Is he a hundred

times more famous? Of course.

Do you think more than a hundred times? So what's 100 divided? What's his exit divided

by 100 and how much money is that? Is that two? Is that two million?

Still very much. If it's 20, that would be a lot cooler. But yeah, I think it's cool.

I like him. He's very likable. He's significantly more likable than both you and I combined.

Me and better looking. I think I'm a lot more likable than you. And he's a lot more likable

than me.

I'm a lot more better looking than you and he's a lot more better looking than me.

I think it's awesome. I like Ryan Reynolds. So kudos. I've been asking him to come on

this pod for a while. I want to know, does he actually do anything? You know, like what

he actually does?

What's his day like?

I'm very curious.

Let's guess. What do you think his day is like, Sam? I bet he's going. I bet he's waking

up. He's taking a 20 minute meeting where somebody tells him, yes, the whole time that

all of his ideas are amazing. Then they're going back and running the company without

him. Or is he super involved? Is he getting involved with management? Is he doing marketing

decisions?

No.

I want to know how operationally embedded he is in this company.

So one of the ways that Mitt Mobile...

What would your guess be, Sam? How many direct reports does he have at the company?

Well, zero. I think he has zero. I think he probably has the chief of staff who manages

his whole life, but zero. I think that... I don't know much about Mitt Mobile. If I

had to guess, I would say it's mostly a sales company, meaning they probably just layered

on top of an existing telecom and then just had a slightly different pricing structure

and then targeted their marketing towards a certain type of person. I think Mitt Mobile

is more like a... I think it's like a working class thing because it's all about price.

So I think it's like a really, really, really low price.

Here's a question for you, Sam. Do you think a serious operator or entrepreneur or executive

is in the background overseeing all of Ryan's holdings or do you think that he is that entrepreneur?

I think he's the guy, man. I think he might be the guy. I think he might be a leader in

these companies.

So here's Mitt's thing. I said they're a sales and marketing organization because their

commercials are wonderful. And I think they're wonderful because he says a lot of funny

stuff on the commercials and he just does a really good job of branding the company.

And I think they knocked it out the park with that where they did a really good job of being

irreverent but still professional. And I think that is what he does, where he's like, this

crosses the line. Here's the line that we can tow and how far we can push it. And I

think that's what he does, which I think is easily worth the 25% because if I had to guess,

it's mostly a sales and marketing company and he crushed it. And everyone knows Mitt

Mobile as Ryan Reynolds.

Mitt Mobile as Ryan Reynolds.

Who the big holder? Who was the big holder been? Like, do you know who owned 75%?

Yes. Let me look up the name really quick.

So this is a person that found an influencer with distribution. They knew they could build

a company. They got him involved and they put together the ultimate system. I love

that business model.

I think it's awesome. Good job to Ryan Reynolds. Let's do two more.

A quick break to let you know that today's episode is brought to you by the Side Hustle

Pro Podcast, a podcast hosted by Nikkei La, Matthews Akome, which is also on the HubSpot

podcast network. So the Side Hustle Podcast is focused on people bringing their side hustles

into making them, their full-time gigs, making them big businesses. And so she's got a bunch

of really interesting episodes. Her most recent episode is about a woman who was popular

on Instagram and created a bunch of products and brought it into Target and got it into

retail stores, which is really, really hard.

She has a few other episodes on changing the relationship with money and building a healthy

emotional relationship with money, which is something we talk about here, which is definitely

challenging, mastering self-talk and then also how to have a plan for the year and put

it into action and much more. So go check it out, Side Hustle Pro, wherever you get

your podcasts.

So a woman in 2007 buys an original iPhone, right? When it comes out, she keeps it in

the box, doesn't touch it for 15 years and is now selling it, just sold it at an auction

for $63,000. What are your thoughts on that?

Awesome. You want to know what I collect? This is weird. But so my wife, Sarah, worked

at Facebook. Now she works at Airbnb. So like these like pretty like culturally important

companies where we look back in a hundred years and maybe it'll be like Ford or something

or GE. And so whenever she gets gifts, like from Airbnb, they brand it Airbnb, I tell

her, don't open any of them. And I collect all of them. So I have like an Oculus that's

unopened. I have Airbnb swag that's still in the gift box. I have Facebook, a Facebook

book bag that's unused. I collect all of this stuff. I love it. I love collecting this like

iconic company stuff.

So what I want to get is a Silicon Valley bank shirt. I real or a Silicon Valley bank

hoodie or what's the Sam Bankman free? Yeah. FBX. FBX. I want to get one of those. I really

want to I would kill for a Theranos or Theranos blood blood thing. Like I collect all that

stuff when Twitter was auctioning off a lot of their office equipment. I tried to buy

a bunch of it and I went all above what I was going to pay. But I collect all that stuff.

Now what I really want to get, I want to get a monitor, an old Apple, a Macintosh monitor

that has the Apple like with the rainbow colors, or I want to get the desktop Mac that remember

the ones that were pastel colors like the blues and the pinks and all that stuff. I want one

of those. I just want to hang it on my shelf. I love that stuff. This is awesome. I'm happy

someone did this.

I fully support collecting and storing totally worthless shit. I think that everybody should

buy a ton of totally worthless stuff and put it in storage units right now. Put it all

right in the storage unit and you can use a company called Bolt Storage to do that.

Just leave it forever.

I think you should just keep it for all times. But no, in reality, I got a funny story. We

bought a property at auction. It had 187 units. It was in Erie, Pennsylvania. We went and

every unit had been abandoned. We had to go through and saw off like the locks and open

them up and there was dust and there was craziness. We found some really cool things. We found

a ton of really cool things. One unit had like 60 bags of white powder. We immediately

called the police. We never found out if it was drugs or not. Another one had a squirrel

holding a baseball bat. Another one had an old, old Indian motorcycle.

Oh, what type? Do you know what year?

I got a picture. I'll show you the picture when we get off this call.

What did you sell it for?

At auction. I have no idea. We technically couldn't touch anything in the units. We had

to take pictures of them and have an online auction and the people bid on them and then

they came and cleared out the units.

Do you know how old it looked? Did it look like it was from the 30s?

No, no, not that old. It was probably like not that old of a pretty dumpy one, if I

had to guess.

Oh, dude, some of those old Indian motorcycles you can get 50, 60, $70,000. Well, that's

awesome. That's badass. That's a lot of fun actually to go and like see all that crap.

But anyway, on board with this lady, who bought it, Ben? Did we know? Just some, some nerd,

some fan?

I don't think we know. I think.

Dude, I don't remember when that happened.

How did they know it was even in there? How did they know it was in there? If it's got

that film on it, what did they use a ultrasound machine to actually see if the thing was in

there?

Dude, I remember when that came out in 2007, I was a sophomore in high school and someone

was watching YouTube on their phone and we were all like standing around it. And that

was like, it was like hearing the Beatles for the first time, you know, it was like,

it's pretty amazing. It was, it was mind blowing seeing that. So that's awesome. All right,

let's do one more.

All right, last one. The reason that Sean is not with us here today, a massive wind

and rainstorm has left more than 200,000 people in the San Francisco Bay area without power.

Fellas, any thoughts and prayers for our comrades, for the working class people of the Bay area?

Any thoughts for those people?

Did that really happen? I didn't know why he didn't have power. I mean, that stinks.

I think every responsible, this is going to sound very radical. I think every responsible

man should have provisions to keep their family alive for two weeks with no power and no

internet.

What do you have?

No, I'm not, I'm not a doomsday person who thinks they need to survive a zombie apocalypse

and build a bunker to live for six months. But I think if you have a generator, some

fuel, some ready to eat packages and a way to get clean water and of course a way to

defend like hungry man TV dinners, of course, a way to defend your house. If people come

for that stuff, you're going to be better off and every man should have that set up,

in my opinion. It's like a very small investment and it goes a very long way if shit ever did

hit the fan.

Imagine being a wealthy person. Sam, could you keep your family alive for two weeks?

If your phone, internet cut off, power cut off, everything gone. What would you do? Don't

tell me you're going to go to the grocery store.

No, dude, I am a mini, I'm not quite a prepper, but no, I'm prepared. We have a, yeah, I have

that because when the Austin snowstorms happened and then COVID happened and then when a lot

of the riots were happening, I definitely got fearful. That's one of the reasons why

I bought my ranch is we have stuff out there where we can bug out to. So I'm a boy with

that. I don't think I'm ever going to have to use it, but I agree. It's a very small

price to pay for insurance. What do you do with the gas? Do you replace it every six

months?

No, you put it in. There's these things the military uses and you put stable in there

and you can keep the gas safe for five to 10 years. You can order them right on Amazon

for 90 bucks. You fill it up with five gallons of gas. That's all you need. Then you got

to get generator. You can keep your food cold and your kids warm if it gets really cold.

In January, whenever COVID happened, I had this Chinese intern working for me. He had

family in China and he was a foreign exchange student and he was awesome. And he was on...

What's the app that they use? WeChat and he was like, Sam, this COVID thing, this is like

a huge deal. It's going to come to America. And I was like, huh, this is America, dude.

We don't like wear masks. We don't have these types of things that Asia has. This doesn't

happen here. You're crazy. The next month, he goes, dude, it's coming. It's going to

be here. And then March happens and we see in the news the first case in Seattle and

then eventually Bay Area. And I was like, huh, you're right. I'm wrong. I am so sorry.

And I went immediately to the grocery store and bought as much crap as we could. And like

I had like storage. I remember I was like, you're right. Now I understand why people

are afraid of this stuff and why like the peppers exist. You're totally right. And ever since

then, my opinion has changed on a lot of this stuff. So maybe it's like a man thing when

you get a little bit older and start having a family. I'm not sure what it is, but COVID

definitely opened my eyes to like, you know, it's nice to prepare for just the worst case

scenario. I know a lot of guys who go way overboard and may like they have two years

worth of stuff. I'm not into that. It's a slippery slope. That's the thing about prepping

is it's a very slippery slope and you got to have a discipline. Hey, I don't need more

than two weeks worth of crap to keep my family alive.

But you want to know the other issue? It's really, really fun. All the gadgets, like

the different flashlights, the different generators, like I just love gadgets. So I just buy this

stuff all the time. I just bought Sarah this like thing that will break your glass if it

goes, if your car goes underwater and you're like, when am I ever going to use this? I'm

like, probably never. But like, it's sick. It was like 12 bucks on Amazon. Like I love

all that crap. I've been doing it all the same.

The best way to save a life, the best way to save a life is put a tourniquet in your

glove box. Everybody should have a tourniquet because a motorcyclist, yep, a motorcyclist

or a cyclist gets hit on the road. 95% of the time you could save their life by being

able to stop the bleeding, but a lot of people can't. So put a tourniquet in your car.

Dude, you saw the other day how I held that t-shirt up to that guy's head. Like I saw

a guy, I got, I saw a guy fall and I gave him my shirt and we stopped the bleeding yesterday

at the meetup. A guy was like, uh, worked in the military. He goes, Hey, I got this

for you. And he gave me a tourniquet. And so he goes, next time this happens, here's

how you use it. And I was like, all right. So I have a tourniquet in my car now. So

I'm on board. Uh, that's the news. Is that it? That's it.

Thanks guys. Thanks for having a voice.

Machine-generated transcript that may contain inaccuracies.