My First Million

Syed Balkhi: How He Went From $0 To +$100M Before Age 30

808 snips
Aug 17, 2023
Guest
Syed Balkhi
In this engaging discussion, Syed Balkhi, the founder of WPBeginner and Awesome Motive, shares his remarkable journey from moving to the U.S. with no money to amassing a nine-figure business before 30. He reveals why he turned down a $70 million offer and his quirky decision to buy a gas station as a gift. The conversation touches on the valuable differences between recurring versus re-occurring revenue and innovative investment strategies, showcasing Syed's unique approach to balancing wealth and life.
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ANECDOTE

Early Hustle

  • Syed Balkhi started building websites at 13 to afford junk food because his dad worked 16-hour days at a gas station.
  • He learned business from a cricket sponsor who mentored him on real estate and hustle.
ADVICE

Second Chances

  • Don't feel discouraged if you think you're late to a market.
  • There's often a second chance to enter, as seen with Syed's success with WPBeginner.
ANECDOTE

Baby Shower Gas Station

  • Syed Balkhi bought his first gas station as a baby shower gift, using its income to cover baby costs.
  • He learned this strategy of offsetting expenses with appreciating assets from his mentor.
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