6min chapter

My First Million cover image

Hire 1 to Hire 10, Sam Gets Hacked, Shaan Buys a $200K NFT, and More with Andrew Wilkinson

My First Million

CHAPTER

The Mister Market Isn't a Margin Call, Right?

In Canada, if your house gets valued at ten million dollars and you take a two million dollar loan, there is no market for your house. The bank doesn't revalue your house every year, and so they don't call it. That's like driving with a knife on the steering wheel. You have to be incredibly careful. And i live in fear of debt. I think it's like it's the number one way you can lose, you know, you can already be rich and then lose everything’s the only way, basly. In his case, he had an original business that generated cash flow which he used to start five more businesses. He never would have predicted

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