Sam Parr and Shaan Puri think in millions. They've both had notable multi-million exits (Parr sold his newsletter company The Hustle to HubSpot and Puri sold his video streaming company Bebo to Twitch). Together, they host the chart-topping podcast My first millionwhere they share business ideas with successful entrepreneurs.

Both agree: One million dollars sound sex, but it is not the ultimate goal. “When you have a million dollars, you're not making tons of investments,” says Puri. “You can't live off of it forever unless you're living a really minimalist life. So you have to ask the question, 'At what thresholds do you do things? Actually difference, versus what are arbitrary numbers that sound good?'”

Here, they discuss the true value of a million dollars and the strategic path to your first million (and more).