I'm excited to announce that I've re-acquired Millennial Money. It's been 20 months since I sold the site so there's a lot to clean up, but it means so much to me to have it back and to amplify its impact. #millennialmoney
https://t.co/tWyi5RQkfh
Weeknights from 8pm to midnight.
20+ hrs every weekend.
14 months to 500 customers.
That's what it took to bootstrap @projection_lab from a side project into a real business.
Grateful to see the story get a small mention in @sabatier's new book Inner Entrepreneur this year.
His original book Financial Freedom helped spark my FI journey, and played a big role in why I started building PL in the first place.
I never expect an email reply, let alone a future shoutout in a book!
As always, Grant's writing is grounded, thoughtful, and accessible.
If you haven't checked out Inner Entrepreneur, it's worth a read.
So excited to share this interview with our friend Grant Sabatier (@millennialmoney) talking all things entrepreneurship.
If you’re an aspiring (or existing) entrepreneur, you’ll get a ton of value of out of this episode.
https://t.co/BNYpvVhT50
🚨🚨NEW BOOK GIVEAWAY! 🚨🚨
“Inner Entrepreneur - A Proven Path to Profit and Peace" by our good blogger friend, Grant @sabatier
It just dropped and we're giving away TWO FREE COPIES on the blog! Read more to learn how to enter 💪
https://t.co/k2GRZqQKvD
My New Book - Inner Entrepreneur: A Proven Path To Profit & Peace is out today!! Available everywhere books are sold. Please support your local bookstore if you can. 🙏
https://t.co/jgM7urnoX1
In this episode, we sit down with Grant Sabatier to discuss his latest book, Inner Entrepreneur, which explores the mindset shifts needed to build a meaningful business. He shares how entrepreneurship isn’t just about making money.
https://t.co/QmSieYUl73
#entrepreneur
SaaS is being dismantled as we speak!
We're witnessing the slow-motion collapse of an entire business model that dominated tech for two decades. The $1.3 trillion SaaS is being quietly hollowed out from within by AI agents.
Here's how I see it playing out:
Phase 1 (Now): AI as co-pilot. We're seeing this everywhere, Copilot for developers, Gamma for presentations, Harvey for legal research etc. These AI layers sit atop existing software, making it more efficient.
The SaaS companies feel safe, even excited, as AI seems to make their products more valuable. They're bringing knives to what they think is a knife fight.
Phase 2 (Next 12-18 months): The agent invasion. AI moves from co-pilot to autonomous operator. They're replacement workers that can fully operate existing software on your behalf.
The dam breaks when someone can say "analyze our Q2 performance" rather than clicking through Tableau, or "optimize our ad campaigns" instead of navigating Meta's ad manager. The expertise previously bundled with the software gets unbundled by agents.
Phase 3 (2-3 years): Software invisibility. The final phase happens when the agents bypass the human interfaces altogether. Why render dashboards, buttons and menus when AI can just access the APIs directly?
The value proposition of SaaS, bundling software, workflow, and expertise into user-friendly interfaces unravels completely. The interfaces were designed for humans, but agents don't need them.
Most SaaS incumbents don't see it coming because this isn't a classic disruption pattern. It's not about competing products with better features. It's about the evaporation of the core assumption that humans will operate software.
What's more, the barrier to creating custom, internal software is collapsing simultaneously. Companies that once had to choose between expensive custom development or off-the-shelf SaaS can now spin up bespoke solutions in days instead of months. Why pay Hubspot $1,500/month for a CRM when your team can build 'HubspotForUs' with an AI coding assistant over a weekend? The same features, perfectly tailored to your workflow, with no ongoing subscription costs.
This democratization of software creation means every company becomes a potential software producer rather than just a consumer. The specialized knowledge that SaaS companies monopolized is now available to anyone with access to an AI coding agent and domain expertise.
It went from $1M to build an MVP to build a SaaS to basically free overnight.
I bet the metrics will be puzzling at first, DAUs remain strong while feature usage mysteriously declines. The power users who drive revenue suddenly need fewer seats.
Customer success calls shift from "how do I use this feature?" to "can your software work with my AI agent?"
Or worse: "we built our own version that better fits our workflow."
The survivors won't be those with the best features or even those who add AI features fastest (from no AI to "ai-assisted").
The winners will be companies that expose their software's capabilities through agent-friendly APIs and position themselves as the most trustworthy information sources and execution engines in their domain.
There's also the shift from monthly subscriptions to outcome based software (pay per outcome, pay per task etc) but that's a tweet for another day!
The $1T question: Will Microsoft, Atlassian, Adobe etc. successfully navigate this transition, or will they be the Digital Equipment Corporation of our era too invested in the previous paradigm to adapt to the new one?
All I know is this will be a golden era for startups in the space.
SaaS is being dismantled, piece by piece, workflow by workflow, interface by interface.
Am I wrong?
The state of Solo 401k accounts at the big 3:
Schwab - Need to mail checks to contribute or go to a branch
Vanguard - shutting it down
Fidelity - No support for Roth accounts
None support mega backdoor Roth, participant loans, alternative investments, payroll integrations etc
We're almost at the deadline to set up and contribute to a Solo 401k to save money on your 2023 taxes
Here's a step-by-step guide on:
1 - Who is eligible for a Solo 401k
2 - How to set one up & contribute to save on 2023 taxes
Has to fully in place by April 15 so hurry up!
We're hiring a Marketing Generalist out of our Brooklyn office at Carry
@carryhq_ helps business owners and modern professionals grow their net worth by paying less in taxes.
We have 1,000+ customers, $500K+ in ARR and have had 5 consecutive months of 20%+ monthly growth.
We're looking for a smart generalist to join our Marketing team and help us grow the business without any paid marketing spend
You will build the email & marketing automation systems for the business to run on, oversee our content and SEO programs and be 1/3 of the entire marketing organization.
You'll have the opportunity to work with incredible people at a business that's growing really fast. This is an ideal role for someone who wants to work really hard, earn meaningful equity in a dope startup and develop as a marketer.
To apply, email [email protected] with a short description of why you are a fit and a project you are most proud of growing.
Questions? Reply below or DM me
I have too much concentration in individual stocks. I've struggled with how to sell them without regret. Last week, I finally figure out what I'm going to do. The answer was right there the whole time, I just had to invert.
https://t.co/kI8khyobj8
This is how a non-fiction writer would outline a fiction book. I spend at least 6 months on the outline before writing a single sentence of my books. I'd love to have 2 years to outline if @penguinrandom would let me! Thanks for this @david_perell I appreciate your show & craft.
Amor Towles has written two of the highest-acclaimed novels of the past decade, and here's how he outlines them.
Some highlights:
1) "I don't work chronologically. It's whatever I want to think about that day."
2) "Only when I know everything that's going to happen in the book and I can visualize it all do I then start writing chapter one."
3) "I don't sit there with a blank page without a sense of going and start to investigate as I go."
4) "I'm an outliner. I plan, design, and outline before I start writing. That can sound very analytical; very left-brained; very precise; very organized. But I do that to free up the right side of my brain in the writing process — the subconscious, dream-oriented, poetic side of the brain."
5) "The more I know, the more I can silence the analytical side of my brain and free up the poetic side to take over."
I lightly paraphrased some of the @amortowles quotes above.
This week on Stock Club, we sit down with @millennialmoney to hear the amazing story of how we went from having $2.26 in his bank account to becoming a millionaire in the space of 5 years.
Tune in wherever you get your podcasts (links in comments).
He went from $2.26 to $1,250,000 in just five years… and he actually regrets a few things along the way.
Tune in to hear @millennialmoney talk about his financial journey, and how it’s possible to build the life you love a lot sooner than you think.
https://t.co/6WFE0SOTyc
The FIRE movement gains more steam as investors commit themselves to an ethos of frugality and around-the-clock work to be able to live financially stable, work-free lives ASAP. Author @millennialmoney shares how this phenomenon has worked out for him at #CNBCFA