How I Made My First $1M - The Andrew Wilkinson Story

657 snips

Jul 5, 2024

Andrew Wilkinson, a serial entrepreneur who soared from a $6.50/hr barista to millionaire, shares his transformative journey. He delves into key turning points in his career, discussing the leap from self-employment to empowering others. Andrew highlights his first million-dollar profit and the lessons of financial education he learned along the way. He also reflects on the emotional complexities of wealth, the importance of delegation, and how investing strategies can shape one's path to financial freedom while emphasizing the value of personal happiness.

Ask episode

AI Snips

Chapters

Books

Transcript

Episode notes

ANECDOTE

Barista to Web Designer

Andrew Wilkinson's journey from barista to web designer began after a conversation with two web designers at his coffee shop.
Inspired, he bought a web design book and quickly landed his first client, a pulled pork barbecue joint.

ANECDOTE

Business Plan Win

Shaan Puri's first entrepreneurial success was winning a business plan competition, earning him and his co-founders $30,000.
This provided them with a year of freedom to pursue their business idea without worrying about immediate income.

ANECDOTE

A Year of Freedom

Sam Parr sold a small website for $24,000, giving him a year's worth of living expenses.
This allowed him to feel financially independent and pursue experiences like traveling to Australia and Thailand.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

Clients from Hell

Anonymous

Clients from Hell is a compilation of anonymously submitted stories from creative freelancers, offering a humorous and insightful look into the challenges of working with clients in the design industry. The book features bizarre requests, communication failures, and irrational client behaviors, providing both entertainment and a sense of solidarity for those in similar professions.

Never Enough

The Neuroscience and Experience of Addiction

Judith Grisel

In *Never Enough*, Judith Grisel draws on her personal journey as a recovering addict and her extensive research as a neuroscientist to reveal the intricate science behind addiction. The book delves into how drugs affect the brain, the changes that occur with chronic use, and the hidden personality traits that addiction can expose. Grisel emphasizes that the 'cure' for addiction may not lie in individual brains but in how we interact with our communities. The book offers a compassionate and clear look at the roles drugs play in our lives and provides new insights into solving the epidemic of addiction.

Rich Dad Poor Dad

What the Rich Teach Their Kids about Money - That the Poor and the Middle Class Do Not

C.P.A. Sharon L. Lechter

Robert Kiyosaki

The book tells the story of Robert Kiyosaki's two fathers: his 'poor dad,' a highly educated but fiscally poor man, and his 'rich dad,' the father of his best friend who was a successful entrepreneur. It emphasizes the importance of financial education, distinguishing between assets and liabilities, and building wealth through investing in assets such as real estate and businesses. Kiyosaki argues that a good education and a secure job are not guarantees for financial success and provides practical lessons on how to make money work for you rather than working for money[1][3][5].

How to Get Rich

Felix Dennis

In 'How to Get Rich,' Felix Dennis shares his insights and experiences on building wealth. The book is distinct from other self-help or get-rich-quick guides as it emphasizes the importance of hard work, calculated risks, and ownership. Dennis discusses the necessity of execution over great ideas, the role of luck, and the need to overcome fear and embarrassment of failure. He also highlights the importance of maintaining control over one's business and the sacrifices required to achieve significant wealth. The book is known for its blunt and practical advice, reflecting Dennis's own journey from a college dropout to a multi-millionaire[2][4][5].

The E-myth

why most businesses don't work and what to do about it

Michael E. Gerber

The E-Myth Revisited by Michael E. Gerber dispels the myths about starting your own business, highlighting that most small business owners are not true entrepreneurs but rather technicians skilled in their trade. Gerber introduces the concept of the 'E-Myth' and explains that business owners must embody three key roles: the Entrepreneur (the visionary), the Manager (the organizer), and the Technician (the doer). The book emphasizes the distinction between working 'on' your business and working 'in' your business, and provides practical advice on building systems and processes to ensure a business can run independently of its owner.