He Was A Billionaire, But Now He's Not... Was It Worth It?

25 snips

Nov 27, 2024

In this discussion, Andrew Wilkinson, a serial entrepreneur and author of "Never Enough," shares his transformative journey from being a barista to running 40 businesses. He explores the complex relationship between wealth and happiness, revealing that even billionaires can feel unfulfilled. Andrew emphasizes the importance of curiosity and learning, highlights impactful books, and challenges the notion that more money equals more happiness. He also offers insights into achieving work-life balance and the significance of problem-solving in entrepreneurship.

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ADVICE

No Innate Talent

Don't assume successful entrepreneurs have innate talent; they work hard and learn.
Wilkinson emphasizes emulating successful people by understanding their methods.

INSIGHT

Learn, Don't Envy

Successful entrepreneurs don't envy others, they learn from them.
Wilkinson suggests asking successful people for their "cheat codes" to success.

ANECDOTE

Barista to Businessman

Andrew Wilkinson's entrepreneurial journey began unexpectedly while working as a barista.
Two website designers inspired him, leading him to self-educate and start his own agency.

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Andrew’s Website & New Book: https://www.neverenough.com/

Andrew’s Social Media:

Twitter: https://x.com/awilkinson

YouTube: @NeverEnough2024

Instagram: https://www.instagram.com/awilkinson/

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🕑 Timestamps:

0:00:00 - 0:03:09 – Who Is Andrew Wilkinson?

0:03:09 - 0:04:18 – Dropping Out Of College And Being A Barista For $6.50 CAD/Hour

0:04:18 - 0:06:22 – How Andrew Got Inspired To Learn How To Design Websites, Self-Educated, And Then Started Getting Jobs Doing It

0:06:22 - 0:08:02 – Warren Buffett, And How Andrew Emulated His Investing Strategy To Acquire And Build Businesses

0:08:02 - 0:12:59 – Working At McDonalds, The Gap, A Coffee Shop, And Getting The Cheat Codes To Entrepreneurship

0:12:59 - 0:18:26 – The 3 Most Impactful Books Andrew Has Ever Read

0:18:26 - 0:21:18 – Pound Valuable Information Into Your Head Multiple Times Instead Of Mass Consuming Content

0:21:18 - 0:25:49 – Why Would A Billionaire Spend Thousands Of Hours Writing A Book?

0:25:49 - 0:28:08 – Some Of Andrew’s Favorite Products And Services (Part 1)

0:28:08 - 0:33:24 – Sponsor: Marek Health (Preventive Medicine, HRT, Pharma Grade Hair Loss Treatments, & Rigorous Blood Work)

0:33:24 - 0:36:26 – Some Of Andrew’s Favorite Products And Services (Part 2)

0:36:26 - 0:46:43 – The Super Yacht Billionaire. The Grass Is ALWAYS Greener.

0:46:43 - 0:48:09 – Are Charities Almost Always Just A Ruse To Get Tax Breaks For The Ultra Wealthy?

0:48:09 - 0:52:00 – The Annual Income Amount Where Actual Happiness Level Peaks

0:52:00 - 0:53:48 – Almost All Billionaires Don’t Actually Have $1 Billion

0:53:48 - 0:57:34 – What Life Was Like When Andrew Was A Billionaire

0:57:34 - 1:01:20 – Andrew’s Screening Process To Invest In Winning Companies

1:01:20 - 1:02:10 – Corporate Tax Rates Going Up And Warren Buffett Selling A Ton Of Apple Stock

1:02:10 - 1:06:20 – Sponsor: Gorilla Mind (Innovative Pre-Workout, Nootropic, Performance & Health Supporting Formulations)

1:06:20 - 1:11:00 – Corporate Tax Rates Going Up And Warren Buffett Selling A Ton Of Apple Stock (continued)

1:11:00 - 1:16:13 – Living Where You Want Vs. Living Somewhere To Pay Less In Tax

1:16:13 - 1:20:16 – The Obscene Costs Of Real Estate In Vancouver And Toronto

1:20:16 - 1:23:10 – Do Most Successful Entrepreneurs From Canada Wish They Moved Out Of The Country Before Becoming Wealthy?

1:23:10 - 1:25:05 – The 3 Places Andrew Would Choose To Live If He Didn’t Live In Victoria

1:25:05 - 1:31:37 – If You Were Broke Again, How Would You Make Your First Million Dollars?

1:31:37 - 1:36:02 – Charlatans Who Got Rich Selling Courses On How They “Got Rich”

1:36:02 - 1:38:07 – The First Rule Of Fishing – Charlie Munger

1:38:07 - 1:41:42 – Luxury Clothes, And How Rich People Try To Covertly Flex Their Wealth

1:41:42 - 1:50:49 – Andrew’s Daily Routine Now Vs. When He Was Trying To Get Rich

1:50:49 - 1:53:25 – Acquiring A Yerba Mate Company With Andrew Huberman

1:53:25 - 1:55:46 – Asking Andrew If He’s Still Trapped On The Hedonic Treadmill

1:55:46 - 1:56:54 – Andrew’s Interest In Artistic Electronics

1:56:54 - 1:58:07 – Why Andrew Treats Himself Like An Addict To Avoid Social Media

1:58:07 - 2:02:27 – Andrew’s Experience With SSRI’s For Anxiety

2:02:27 - 2:07:47 – Some Of Andrew’s Favorite Products And Services (Part 3)

2:07:47 - 2:09:01 – Andrew’s Most Impactful Levers For Maximizing Productivity

2:09:01 - 2:09:57 – Where To Find Andrew’s New Book And His Podcast Hosting Me

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