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How a North Dakota Dad Is Quietly Building a Billion-Dollar Empire From His Farmhouse w/ Andrew Abernathey

19 snips
May 8, 2025
In this engaging discussion, Andrew Abernathey, the visionary founder of Abernathy Holdings, shares his insights on building a billion-dollar empire from his North Dakota farmhouse. He emphasizes the importance of financial literacy, not only for entrepreneurs but also for future generations. The conversation dives into overcoming self-comparison, cultivating a growth mindset, and the ethical dimensions of wealth creation. With practical tips for strategic growth and community impact, Abernathey inspires listeners to pursue their financial goals with courage and clarity.
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ANECDOTE

Early Start and Holdings Growth

  • Andrew Abernathey started Abernathy Holdings as a teenager to buy or start companies with great leaders.
  • The holding has grown to a $200 million valuation with divisions in equipment dealerships, self-storage, and mobile home parks.
ADVICE

Use Crucial Metrics and Incentives

  • Focus on key metrics like EBIT over total tangible assets to measure business health.
  • Incentivize division presidents based on performance above industry standards to align interests.
ANECDOTE

Billionaire Mentor's Influence

  • Abernathey was inspired by billionaire Gary Theraldson who emphasized manufacturing and thinking big.
  • He shifted focus to capital raises and vertical integration targeting peak efficiencies.
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