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My First MillionMy First Million

Andrew Wilkinson: $100M Yacht Party, Recent Investments & More Billionaire Sh*t (#488)

No more small boy spreadsheets, build your business on the free HubSpot CRM: https://mfmpod.link/hrd - Episode 488: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) talk with Andrew Wilkinson (https://twitter.com/awilkinson) - entrepreneur and co-founder of Tiny - about how he’s easily making +$200k a year on Twitter. Andrew also opens up about his $80m a year agency that provides the cash flow to expand his business portfolio, why you should take a profit-first approach, the classic trap the rich fall into and more. Plus, Sam reveals his game plan for Hampton. — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire global talent (like Shaan does) and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than their US equivalents. — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth 💰 Pitch your startup for a shot at a $1M investment with Sam Parr as the MC https://clickhubspot.com/pitch — Show Notes: 0:00) Intro (8:34) How to make millions from Twitter/X (13:54) The reality of meeting celebrities and billionaires (18:18) How do you play the status game? (21:54) The reality of going on a $100M yacht (25:05) The trap of always wanting more (27:40) How does MetaLab make so much money? (35:42) How Andrew would start from scratch (39:47) The 1+1=100 business model (43:58) Businesses that turn your family member’s life into a book (52:00) Business that runs you through the day of successful people (55:32) Why he invested in Maui Nui Venison (1:07:03) How much will Hampton be worth in 10 years? (1:16:59) Why you should adopt the profit-first mindset (1:28:36) Closing thoughts — Links: • Andrew’s Twitter - https://twitter.com/awilkinson • Tiny - https://www.tiny.com/ • Living with a Seal - https://tinyurl.com/39a8dcuf • Storyworth - https://tinyurl.com/bdfubc58 • No Story Lost - https://nostorylost.com/ • Routines - Routines.club • Tamba - https://www.tamba.ca/ • Maui Nui Venison - https://mauinuivenison.com/ • Profit First Book - https://tinyurl.com/3pb9mzzs For more quality videos subscribe here ➡https://www.youtube.com/channel/UCyaN6mg5u8Cjy2ZI4ikWaug?sub_confirmation=1 🔔 Turn on notifications to stay updated with new uploads Like || Share || Subscribe

Andrew WilkinsonguestSam ParrhostShaan Purihost
Aug 24, 20231h 29mWatch on YouTube ↗

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EVERY SPOKEN WORD

  1. 0:00 – 1:29:15

    ) Intro

    1. AW

      That's like $800,000 of recurring revenue. If I get 2.5%, that's 2 million. If I do 5%, that's 4 million. And if you just think about what would I pay for a business that makes me that much money a year, like this is like 5, 10, $15 million of value. And so I'm looking at it and going, "This is great. I'd pay for what I'm getting." [upbeat music]

    2. SP

      All right. What's going on everyone? We have Andrew Wilkinson on the pod today. Andrew's one of our great, great friends. He runs this company called Tiny, which is publicly traded in Canada. It's a holding company that owns like 40 different companies. I think it's publicly traded at like a $800 million market cap, something like that, does 150-ish in a year in revenue. So he's got really good insight and we talked to him about a few interesting things. One thing that sounds kinda like not that cool but actually is cool is he hung out with a few folks that are worth like 10 or $20 billion recently and he like talked about what it's like hanging out with people, uh, in that sphere. Uh, we talked about MetaLab, which was his agency that he started, which provided all the profits in order to start Tiny and how it makes something like $20 million a year in profit. And we just said, "How the hell does it make so much money and what did you guys do?" So he gives us a breakdown on that. Uh, we also asked him which agency he would start now. We asked him all about his new Twitter experience. So why would somebody who is worth all this money run a Twitter experiment that makes 10 or 20 grand a month in sales? And he gave us the lowdown on how much money his, uh, that little experiment's making. And then we asked him about when you take dividends from a company, like what do you actually do with the dividends and where do you invest them, or how much do you pay yourself? And he got really transparent about that, and so it was really interesting, so check it out. This is Andrew Wilkinson, it's Shaan, and me, Sam. So if you guys like it, subscribe on YouTube, subscribe on your Spotify, subscribe on wherever podcasts are and, uh, let us know if you liked it. See you soon. [laughs]

    3. SP

      [laughs]

    4. SP

      I was, uh, before you got on, Shaan, I was making fun of Andrew. He looks like Kevin McCallister's mom in Home Alone.

    5. SP

      [laughs]

    6. AW

      Mom?

    7. SP

      The mom was, the mom was the bird there.

    8. SP

      [laughs] He, he, he, he looks like he, uh, he looked like he's, uh, just taken up rollerblading in the ni- in the '90s.

    9. SP

      [laughs]

    10. AW

      [laughs] You're saying I look like Catherine O'Hara?

    11. SP

      I'm looking at her character, uh, in Home Alone. She had a massive wave. It was cool.

    12. AW

      Okay. Let me, let me push it back.

    13. SP

      No, I think it's cool.

    14. AW

      Here we go.

    15. SP

      Embrace it, dude.

    16. SP

      Should we do it?

    17. SP

      Just you, you look like a bully in a movie. I think you look good.

    18. SP

      [laughs]

    19. SP

      I think it's cool.

    20. SP

      It's okay, man. She was hot. She was hot. It's all right.

    21. SP

      [laughs]

    22. SP

      It's a compliment, I think. [laughs]

    23. SP

      [laughs] Um, well, welcome back.

    24. SP

      There's no podcast on earth where you will just be welcomed with open insults like My First Million.

    25. SP

      [laughs]

    26. AW

      Yeah, this is great. You guys wanna roast me for another 10 minutes?

    27. SP

      [laughs]

    28. AW

      Uh, yeah, I, I was, I was supposed to come on, what, like three weeks ago and then I got strep throat. And dude, I haven't been that sick in years. I was like on death's door for a year. I ended up taking like three different antibiotics, so I'm, uh, I'm glad to be alive.

    29. SP

      And you're on a health kick now. You've been lifting weights.

    30. AW

      Yeah, yeah. I'm doing a muscle gain competition with a bunch of friends, so that's been really fun.

Episode duration: 1:29:16

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