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

My First Million

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

—

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

—

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

—

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.

—

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