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

📈 Steal our playbook on how to spot business trends: clickhubspot.c...
Episode 604: Sam Parr ( / thesamparr ) and Shaan Puri ( / shaanvp ) talk to Andrew Wilkinson ( x.com/awilkinson ) about how he went from a $6.50/hr barista to millionaire in just 4 years.
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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
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Links:
• Never Enough - www.neverenoug... (⬅️ Andrew’s book!)
• The E-Myth - shorturl.at/h7Q1J
• Rich Dad Poor Dad - shorturl.at/S28Dd
• How To Get Rich - shorturl.at/pGTSm
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Check Out Sam's Stuff:
• Hampton - www.joinhampto...
• Ideation Bootcamp - www.ideationbo...
• Copy That - copythat.com
• Hampton Wealth Survey - joinhampton.co...
• Sam’s List - samslist.co/
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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): bit.ly/Support...
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

[@Sidorovanthon]

Please don't cut these small moments of silence. They add natural vibe to the conversation.

[@bazalinco]

Came here to write this. Was happening on another recent vid too. Ruins the feel of it entirely.

[@crbradbury8282]

Agreed. Its kinda robotic and inhuman

[@rashidkadura693]

It's AI editing

[@JumboH]

They get more watch time 😈

[@shaanpuri5111]

Noted - making improvements for next edits

[@7itron]

Stuff I missed - how he _ACTUALLY_ earned his 1st million: Step 1 - he hired someone to do javascript for $500 Step 2 - aaand suddenly he is making million(s) per year Would be really nice to have few more steps in between - client leads, keeping workflow/pipeline, salaries, hiring people, etc.

[@ProgressisEverything]

Agreed!

[@CoconutPete]

it's all bs Clickbait content with no substance. In that example there are a lot of variables, one being timing and luck

[@mistertexaz]

Yup, I was thinking the same thing

[@BaleaCalin]

$1mil profit I assume is at least 2 - 2.2 mil per yr. At 23! That's crazy. I think a lot of it had to do with being early. He started Metalab circa 2006. Curious what he was doing for lead gen.

[@negativetoprofits]

1 million %. Similar things with most of these interviews unfortunately, help us little guys out...

[@_mattwelter]

please don't cut the gaps of silence, i dont think anyone in the comments like it, we like the natural conversation vibes

[@adapixei836]

I feel the last few episodes are a bit overcutted. The conversation flow is too edited and doesn't feel natural..

[@Iwhiwbdjwnsjs]

Yeah something feels weird .. idk it’s starting to feel like many of those generic interview podcasts

[@maberuzakoo]

Agreed.

[@HSTRTGMS]

Just another symptom of (The) Hustle™culture waning content with shorter and shorter copy, considered "better"; more condensed and of substance. Which I suppose could be true, but we aren't just computers for whom data is our sole input, alone. We need those vibes, too. Stuff those humanistic vibes in my Thunder 2™hole, zaddy.

[@kkhdelivery6208]

Yessss!! Total garbage! 🗑️ this isn’t a pod anymore just a KZbin video with all these cuts smh

[@engineeredaf1920]

Aside from the intro in a few recent episodes, I don’t think the pacing is really any different than it’s ever been for the past 4 years that I’ve been listening

[@Arleth-q1c]

With inflation at 3.70%, I'm looking to enter the market now and ride it out as the economy improves. I'm putting together a $350,000 portfolio with Stocks and ETF's

[@Lodge-w1m]

we shouldn't act on every forecast. It is best you speak with a market expert before making any investment decisions.

[@LynetteHuson]

You're right, I and a few Neighbors in Bel Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.

[@Herbert-n2z]

I'm curious to give this a try. Please who is your advisor and how do I get in touch?

[@LynetteHuson]

Well, I chose *Jennifer Leigh Hickman* as my advisor after her interview on CNBC In 2020. She is SEC regulated with offices in the US and quite frankly a genius with portfolio diversification.

[@Shaine-d5t]

I just found her webpage and read through her educational background and qualifications, which were all very impressive. So I scheduled a call with her.

[@josemelo_97]

Guys, from a place of love. Stop the editing. Your podcast is perfect the way it was. This feels too high paced and unnatural. Like you’ve stated correctly in the past, the key of MFM is that it feels like you were hanging out with your entrepreneur friends. The editing messes that up.

[@MichaelTimmons1991]

Love the book "How to Get Rich". Really learned a lot related to life and business. Always love hearing Andrew on the pod. I personally really relate with Andrew - and I think some of that is because we are both Canadian.

[@rebelion1]

Pre ordered the book. Curious to see what goodies are in there!

[@JessicaP-ht9od]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Veronica Hoy.

[@Agata-eu8zi]

I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...

[@ShawnSpill]

Veronica Hoy strategy has normalised winning trades for me also and it's a huge milestone for me looking back to how it all started

[@MinaNguyen-wm8pr]

Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading

[@WilliamsChrist]

As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

[@Wang-ep8yk]

I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much

[@okpako9031]

How many 1st million has Andrew made? I swear you guys have featured him 1 million times already

[@CoconutPete]

pretty sure he owns the podcast or heavily funds it

[@herr_lang_music]

One of the best episodes! Listening for a long time and this and the one with Rob Dyrdek are my favorites. 🙌

[@AlaskaJiuJitsu]

I love when you guy's have Andrew on. Hope you have a great freedom filled weekend boys!!

[@KarenMariaAlston]

This is an excellent episode and I ordered the. books listed above. Thank you! Affirmation and helped inspire me to bet on myself. Thanks!

[@Connor_Sell]

Shaan describing the ESBI process and how you can naturally optimize for the destination point is an amazing point. There's a book called you2 (you squared) by Price Pritchett. Very very short book, don't miss it.

[@chrishansen8649]

Why don’t you guys ask Andrew tough questions about his company Tiny? The stock looks horrible, not sure how anyone can trust what he says.

[@blissy75]

35:55 Reminds me of the Ramit Sethi philosophy from I Will Teach You to Be Rich

[@hamzamahmood7778]

What book are they referring to towards the end? “How to get rich”

[@Fraunzi]

The best episodes of this podcast are the ones with Andrew in them.

[@TheCowboyCalls]

please keep these uncut😭

[@AyubA201]

Great guest. I'm not a fan of Sam's interruptions. He should allow the guest to completely finish their thought before butting in.

[@gerbehardeman2549]

I thought it was great what you said around the 42nd minute. Can you sit down and go into more detail about it. I am now 22 and need someone to direct me. Thank you very much!

[@Mikolas649]

I invested with this guy, all bad news, do his companies make any money for the investors?

[@nirajshuklaNL]

For real?

[@danaskrist1951]

Cve:tiny is dead

[@chrishansen8649]

$TINY.V looks terrible, wonder how their August report will be

[@InventaChris]

Andrew Wilkinson is my favorite MFM guest!

[@sutats]

43:51 How to Get Rich by Felix Dennis.

[@JokerFace55]

Y’all going to address the scammer allegations? Tiny company and Nick Huber?

[@CoconutPete]

going to have to look this one up... what's the deal?

[@foggycraw6758]

What happened?

[@cheeseshaper]

Always so inspiring!

[@caramelized_rayan6865]

HANDS DOWN, One of the best pods ever published so far !. I truly think that you should create a list of the legendary episodes that hav'e been published on this outstanding podcast. Starting suggestions : Jesse Itzler, Pieter levels, Austin rief, Scott Gallaway just to start things up. Long time listener here.

[@crbradbury8282]

@@caramelized_rayan6865 Afterthought..Rob Dyrdek expanded my mind

[@onetwokaafour]

They have had Scott as guest

[@caramelized_rayan6865]

@@onetwokaafour yeah, two episodes you should check them out !

[@abhisheksolanki3314]

We’ve had him a million times but had to wait for so long for his first million 💀

[@shouldigetit]

Truth!

[@MyLatinLife]

Andrew Wilkinson is a legend

[@robz1699]

Andrew - I invested Sam - I stole from city governments and whole foods 😂

[@samparr9899]

ha

[@crbradbury8282]

This is why I love MFM. TRULY cuts to the core right outta the gate. Andrews story inspires. S & S captain the ship thru the wild info-sea. This pod is an aqueduct of GOODNESS 🌊🌊💦

[@johnlipscombdocumentaries]

I'm 63, made millions, lost millions. Best podcast on KZbin.

[@BenjaminCano]

I know they do this podcast for them and they want their questions answered but I wish they should do the podcast for them but when they were starting, I think that’s where most of us are and want more insights about.

[@OmariHarebin]

I really appreciate this one

[@MaxTyco]

Great episode

[@iamtjking]

"You can't ask someone for directions to a place they've never been" 🔥

[@Josephbasta827]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Natalie Strayer.

[@youngsimba438]

I am just curious has anyone ever gotten inspired and actually start a business from listening to these guys. I am a huge fan of this podcast btw. if you have please share below and the type of business.

[@clahss]

I am now yes - e commerce

[@kieranproven4874]

When Shaan was talking about a blueprint, it's in Unscripted by MJ Demarco.

[@kevvwarren]

Love an AW episode!

[@rhysjeffery1630]

This episode feels more like PR for Andrew/Tiny than the normal pod vibes.

[@MattTheMortgageGuy]

Only $60M ? I'm about 4% there. I better get back to work!

[@TarunSandhu88]

lets go, andrew is back!

[@BM_100]

Ok so just lie your way to the top. What a hero

[@swordsmike]

Quite the inspiration. Stock is down 43% in the last 12 months. But, he does have a book to sell, so grift on.

[@KayFabe87]

They mention a book titled “How to get rich”, but I didn’t hear an author mentioned. As the guest was talking about the book, Sam jumps right in to ask Shaan if he read the book without giving the guest a chance to finish the sentence and perhaps mention the author. They then talk about the book and mention that “he did x…”. Who is the “he”?

[@MyFirstMillionPod]

The author is Felix Dennis. Check the show notes/description, you'll see a section called links where we try to link any pertinent mentions in every episode for you guys.

[@rimantasva]

This is gold 🎉

[@karolpelc3956]

$2 million profits at 22, nice… this is very nice

[@LearnWithCal]

Great video!

[@uzisyed2852]

Whats the book name they mention about wealth chart?

[@leedsdrumacademy]

Rich Dad Poor Dad?

[@pbpb5327]

How to get rich by Felix Dennis

[@ProgressisEverything]

Angel investing is probably 1%-5% hit rate

[@pronoia.]

Rich dad poor dad got me out of being an employee, I bring it up from time to time and it always feels cringe.

[@wonkyun1995]

love this

[@4mIlr]

42:54 Legend

[@avkhfit]

Sorry but Sam interrupts Andrew a lot 44:25

[@amphibious8765]

Less cuts would be better

[@kkhdelivery6208]

Cutting this is a weak move!!! VERY small boy move

[@BeforeYouGoPro]

That non-operator glow. Lol!

[@maxwagner2504]

Every time Andrew is on the Pod I buy some tiny stock.

[@rhysjeffery1630]

you might want to rethink that... Tiny has been getting smoked. Earnings and shareprice crashing & the founders have jumped ship.

[@simmonds3930]

His investor's losses are his billionaire gains. His publically traded company is worth 95% less than when IPO'd. I prefer listening to the Buffetts of this world who have made billions for themselves AND their investors!

[@moneymakingsim4314]

We see Drewski and we click! Simple.💪🏽💪🏽🙏🏽

[@CoconutPete]

I'd rather see a video that gave a bunch of tangible ideas for viewers to make money now. Even $100 a day. So many of these channels focus on millions and billions only for Clickbait reasons

[@traianturcu]

Please stop using the automated AI cutting on videos - it might be ok for listening to the episodes, but it's terrible for watching. Thank you! :)

[@dantewordlaw8677]

Bruhh these cuts make this video almost unwatchable

[@475inthecut]

this intro is very underwhelming compared to the weight-loss drugs one 😂

[@marcuswernersson332]

Love your content guys, but in this interview you talk too much and consequently don't let your guest talk enough

[@Overtake8332]

Had to stop watching with all the cuts

[@HMuny55]

Sam comes off as such a rude unaware host

[@somericesomechicken]

Lol only a white guy like Sam could get away with those whole foods hot bar heists!

[@gustavbrinkel5489]

KEVVVVVIIINNNNNNN!

[@faisalislam9840]

1st... I'm back

[@fhati-kz5un]

it sounds like Andrew is the host - can't we bring new faces please it is becoming like friends of friends pod...

[@AlicinChristensen]

Just a book pitch

[@Newsinrealestate]

I appreciate money but the conversation feels “ greedy and narcissistic?” I love his success but you “ need” ($$$ million) a year???? Congrats on his success.. not sure HOW I would behave if I had this money.. you never know..

[@rhysjeffery1630]

pretty sure this was a pr exercise for andrew - as tiny has been getting a lot of negative analysis on twitter and share price down a lot.

[@deez994]

why does wilkinson seem like a shady guy lol?

[@kruzedarling9347]

Most of these people are…

[@deez994]

@@kruzedarling9347 he just seems like a grifter who lies about being a billionare