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Deep Dive with Ali AbdaalA Millionaires Masterclass In Business, Side-Hustles and Passive Income - Mark Tilbury
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WHAT IT’S REALLY ABOUT
Mark Tilbury on Business, Side Hustles, Investing and Living Well
- Tilbury, who left school at 16 and trained as a carpenter, argues too many people go to university and that trades, experience and trying different jobs can be better routes than debt-funded degrees.
- He describes growing from side hustles like flipping cars and repairing model helicopters into a model-hobby retail, design and import business, and defines business simply as buying or producing something and selling it for a profit.
- Tilbury and Abdaal discuss why people undercharge, arguing that pricing should reflect the value delivered and the years of skill behind it rather than the time a task takes.
- On money, Tilbury recommends putting about 10% into index funds from a young age, earning more rather than just cutting spending, owning your home outright, and spending on experiences while still valuing generational wealth.
- The conversation also covers running a YouTube business with his son, work-life trade-offs, levels of wealth and his approach to interviewing controversial guests like Andrew Tate.
IDEAS WORTH REMEMBERING
5 ideasTrying many jobs beats going to university without direction
Tilbury suggests spending time in different jobs to learn what you dislike before taking on university debt, since a degree you never use is a waste for many people.
Selling all your time caps your income
Tilbury hit a point where every hour was sold, and a wealthy customer's advice to make money work for you pushed him toward investing and starting a business.
A business is just buying or making something and selling it for a profit
He says a side hustle is already a business, and the real difficulty only comes with scaling and employing people, so it shouldn't feel daunting.
Most people undercharge and should price on value
Tilbury and Abdaal note that doubling prices and losing a quarter of customers can still mean more money for less work, and that clients pay for years of accumulated knowledge, as in the computer-repair story.
Start investing early and make more money rather than only saving
Tilbury has put about 10% of earnings into an index fund since 18, and says saving has a ceiling while earning does not, so a part-time job can fund investing.
WORDS WORTH SAVING
5 quotesWhat's the worst that can happen when you're 20? You lose what you have. You're 20. You've got all your life ahead of you to restart something else.
— Mark Tilbury
School teaches you to go out and find a job to earn money, but it doesn't teach you what to do with that once you've got it.
— Mark Tilbury
A lack of money or certainly a small amount of money at the start is actually a bit of a superpower because it makes you make the most of all your free advertising, everything that's available to you to make, you know, the best decisions from.
— Mark Tilbury
You can read 100 books, but if you don't take action, what's the point in reading all those books? No point.
— Mark Tilbury
I don't like live every day like it's the last because otherwise you'd end up with no money doing all sorts of things you shouldn't be doing. But I think you should live this life like it's your last life because it is.
— Mark Tilbury
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SPEAKERS
Mark Tilbury
guestBritish entrepreneur and YouTuber known for business, side-hustles, and personal finance content.
Ali Abdaal
hostYouTuber, podcaster, and creator-educator who hosts Deep Dive and teaches content creation.
High quality AI-generated summary created from speaker-labeled transcript.
