Business idea · Education
Mindful Spending Workshops
Mindful Spending Workshops: Workshops that teach consumers about the impact of their spending habits, particularly on subscription services, and how to make more mindful financial choices. It was pitched on My First Million, hosted by Sam Parr and Shaan Puri, in the episode "Asking Scott Galloway 10 Questions We’re Not Allowed To Ask (unfiltered)" (aired February 16, 2026).
At a glance
| Podcast | My First Million |
|---|---|
| Hosted by | Sam Parr and Shaan Puri |
| Episode | Asking Scott Galloway 10 Questions We’re Not Allowed To Ask (unfiltered) |
| Aired | February 16, 2026 |
| Category | Education |
| Real companies on the episode | HubSpot, Amazon, Simon Property Group, L2, Plum Jack, Uber |
The problem it solves
These workshops aim to educate individuals on consumer spending's effects on their finances and the broader economy, fostering a culture of mindful spending.
How it makes money
Revenue can be generated through workshop fees, online courses, and partnerships with financial literacy organizations.
Skills you need
Required skills include teaching, financial coaching, public speaking, and curriculum development.
The market, and why this works now
The rise of subscription services has led to increased consumer awareness about spending habits, making mindful spending workshops relevant. A viable first-revenue move is to partner with local chambers of commerce to promote workshops to their members, providing direct access to businesses looking to educate their employees on financial literacy. A key constraint is the potential high customer acquisition cost, as attracting participants may require significant marketing efforts to build credibility and awareness in a crowded market.
Our analysis, written after the episode. Not a quote from the show.
Real companies discussed on this episode
- HubSpot
A customer platform that provides businesses with access to data and insights necessary for growth.
- Amazon
An e-commerce platform that offers a wide range of products and services, including subscriptions like Amazon Prime.
- Simon Property Group
A real estate investment trust that owns and operates shopping malls and outlet centers.
- L2
A digital benchmarking firm that provides analytics on brand performance.
- Plum Jack
A winery owned by Governor Gavin Newsom.
- Uber
A ride-hailing service that allows users to book rides through a mobile app and offers food delivery via Uber Eats.
Where this idea came from
Podcast: My First Million, hosted by Sam Parr and Shaan Puri
Episode: Asking Scott Galloway 10 Questions We’re Not Allowed To Ask (unfiltered)
Aired:
Summarized from the episode transcript. The show does not say which speaker raised each idea, so we credit the show, not a person.