CVS Receipt Millionaire

A story about Shaan discovering his friend Sam still keeps CVS receipts for small savings despite selling his company for millions.

"When I came to your house, you had CVS receipts in the glove compartment because you're saving them for like the $3 thing. You're like 'Hell yeah!' and I was like 'Dude, you just sold your company for many millions of dollars, what are you doing with these CVS receipts?' and you're like 'I just like to do it, it's a habit.'"

This led to a discussion about the 0.1% rule, where as people get wealthier, they should become price insensitive to purchases below 0.1% of their net worth. For example, someone worth $5 million should be price insensitive to purchases under $500.

01:28 - 01:40
Full video: 10:47
SP

Shaan Puri

Host of MFM

Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.

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