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.

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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 - 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

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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/

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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): 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

32. Celebrating Famous Women in Music with Joanna Jewett

Musician and marketing director, Joanna Jewett, tells me about her idea of creating an event to celebrate famous women in music and how she made it work into success. I also talk with her about changes in her music career and self-promotion.

Creating Respect CNY – Celebrating Women in Music

Results and Lessons Learned from the first Respect CNY event

Shifting Gears in Her Music Career

Promoting Her Music

Connect With Joanna