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    Home Âť How I Made My First $1M – The Andrew Wilkinson Story

    How I Made My First $1M – The Andrew Wilkinson Story

    webmasterBy webmasterJuly 5, 2024 All Videos 2 Mins Read
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    📈 Steal our playbook on how to spot business trends: https://clickhubspot.com/bzx

    Episode 604: Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) talk to Andrew Wilkinson ( https://x.com/awilkinson ) about how he went from a $6.50/hr barista to millionaire in just 4 years.

    —
    Show Notes:
    (1:00) From barista to billionaire
    (1:40) Andrew’s 1st level up: From day job to self employed
    (3:26) Shaan 1st money made as an entrepreneur
    (4:40) Sam’s 1st money as an entrepreneur
    (7:15) Andrew’s 2nd level up: From self employed to boss
    (8:40) From selling your time to selling other people’s time
    (9:30) Book: The E-Myth (Thinking of your business as a machine) (10:10) Andrew makes his first million dollars profit
    (12:00) Robert Kiyosaki’s cashflow quadrant
    (13:20) Andrew’s 3rd level up: Incubating Businesses – The decathlon of failed businesses
    (17:00) Andrew sells one of his businesses and creates a nest egg
    (18:45) Andrew discovers Warren Buffet’s teachings and starts learning to invest.
    (19:48) Andrew’s 20% rule
    (20:33) Sam’s pauper tendencies
    (22:58) Andrew starts angel investing
    (24:00) Andrew starts hiring CEOs and removes himself from his businesses
    (28:30) Poker v Roulette in investing
    (31:20) Andrew’s 4th level up: Taking his company public and reaching the end goal. However money didn’t buy happiness.
    (33:46) What’s the actual amount that will make you happy?
    (34:37) Business is a good way to build relationships
    (35:35) Figuring out your annual burn rate
    (36:48) The goals every entrepreneur should have. Launchpad. Enough. Life’s Work
    (38:23) $10M = financial freedom
    (41:28) It doesn’t take a special skill set to get to financial independence
    (46:41) Shaan’s learns about the deferred life plan

    —
    Links:
    • Never Enough – https://www.neverenough.com/ (⬅️ Andrew’s book!)
    • The E-Myth – https://shorturl.at/h7Q1J
    • Rich Dad Poor Dad – https://shorturl.at/S28Dd
    • How To Get Rich – https://shorturl.at/pGTSm

    —
    Check Out Sam’s Stuff:
    • Hampton – https://www.joinhampton.com/
    • Ideation Bootcamp – https://www.ideationbootcamp.co/
    • Copy That – https://copythat.com
    • Hampton Wealth Survey – https://joinhampton.com/wealth
    • Sam’s List – http://samslist.co/

    —
    Check Out Shaan’s Stuff:
    Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd

    My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

    webmaster

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