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[2023 Year-End Review: Investments, Personal Lessons, and Life-Changing Moments]-[The 2025 Milly Awards!]

My First Million · B2 · 2025-12-18

Business
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📋 Summary

2023 Year-End Review: A Candid Look at Growth and Lessons

As the year draws to a close, the podcast hosts and guest Steph engaged in a "rapid fire" retrospective, moving beyond traditional finance to discuss the personal and professional milestones that defined their year. The conversation spanned unconventional investment strategies, the humility of personal failures, and the "frame-breaking" moments that altered their perspectives on success.

Unconventional Investment Philosophies

When asked about their "best investment" of the year, the hosts diverged significantly from traditional financial advice. Sam highlighted his move to New York City and his decision to purchase a fully furnished apartment, noting that "owning less stuff" and being closer to family was an "emotional investment" that significantly increased his happiness.

Sean, conversely, took a more direct, albeit impulsive, approach. He shared his "one-day shopping spree" where he invested $1.25 million across Shopify, Tesla, Eli Lilly, Bitcoin, and Coinbase. Despite the lack of formal research, his portfolio saw a blended return of approximately 35%. He justified his investment in Eli Lilly specifically because of the buzz surrounding GLP-1 drugs, noting, "I operate on gut and swagger."

Steph shared a non-financial investment: Accutane. After nearly two decades of struggling with acne, she decided to take the medication after being influenced by MrBeast. "I took Accutane for six months this year and I'm clear," she noted, emphasizing the profound personal impact of resolving a long-term insecurity.

The "Biggest L": Lessons in Humility

Each participant candidly discussed their "biggest personal L" (Loss). Sean recounted his stressful stint at jury duty, where he attempted to avoid service by painting a dire picture of his home life, only to realize he was "muddying the waters" unnecessarily. Steph admitted that her biggest professional mistake was "staying in a job too long" due to a sense of obligation to prestige, rather than pursuing work she truly loved.

Frame-Breaking Moments and Personal Growth

One of the most compelling concepts discussed was "frame-breaking"—meeting individuals who redefine what is possible. Sean shared a deeply personal "coolest moment": his year-long journey to learn a complex piano piece (Ludovico Einaudi’s Nuvole Bianche). Inspired by the concept of a "Misogi"—a yearly ritual of a hard, defining challenge—Sean practiced in isolation for months. When he finally performed the piece for Jesse Itzler, the emotional reaction of those present confirmed that he had achieved something truly meaningful beyond business metrics. "I feel like my parking pass just got extremely validated just now," he joked.

Steph highlighted Fiona Oakes, a marathon runner who continues to set world records despite losing a kneecap at age 17. Her story served as a reminder that excellence is often driven by passion rather than traditional circumstances. The group also discussed the importance of community, with the example of Kristen Berman, a behavioral economist who used her success not to buy a larger mansion, but to purchase adjacent units to create a "micro-community" of friends and neighbors—a stark contrast to the isolationist tendencies of many successful individuals.

Looking Forward: Habits and Intentions

As they look toward the next year, the consensus shifted toward intentionality. Sean announced his "Luka Doncic trade": deleting social media apps to reclaim 10-15 hours of mind space per week. Meanwhile, Sam is focusing on scaling his business, Hampton, through a new YouTube channel and a commitment to early-morning routines.

Ultimately, the conversation underscored a recurring theme: true success is not just about financial accumulation, but about the quality of one's life, the depth of one's relationships, and the willingness to pursue challenges—be it a marathon, a piano concerto, or a new business venture—that provide a sense of purpose beyond the balance sheet.

🎯Key Sentences

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I mean, that number, 90 million, that's a lot of view time, a lot of views.
2
Questionable if it's an investment, but it is a huge change.
3
I'm about to disappoint you, man.
4
I don't know why more people don't talk about this.
5
And I think it's like you know, obviously your mileage may vary.
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📝Key Phrases

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rapid fire
2
without skipping a beat
3
call your shot
4
muddy the waters
5
frame-breaking
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📖 Transcript

All right.
So, Steph, welcome back.
You've been on, I don't know, a dozen times or so.
You're a great friend of the pod.
We wanted to do this with you.
So we have categories, a bunch of categories for the year, and we're going to go rapid fire through them and we'll do it that way.

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