5min chapter

My First Million cover image

Sam’s +$10 Million Portfolio, Shaan's Money Philosophy and The Spending vs. Saving Paradox

My First Million

CHAPTER

The Pros and Cons of Selling a Business

If you start a company at the age of 21 and you want to earn $10 million, you could assume that more likely than not, your first three years, you're going to make minimum wage or in my case, I made 20 grand a year. So that gets you to like the age of 25, which means you have to average something like two or $3 million a year in profit because you got to get tax-deductible. That's very, very challenging. It's about selling versus cash flowing your way there. My wife actually made money before I did. Her stock did wonderful. We own a bunch of Airbnb stock of which we have sold. None of it

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