Getting Rich Quick Sucks - Andrew Wilkinson Teaches You How to G…
About This Episode
Sam and Shaan are joined by Andrew Wilkinson to discuss the philosophy of building massive wealth through compounding 'boring' businesses rather than risky venture startups. They explore the psychology of high-achievers, the importance of hiring for 'gumption,' and Andrew's 'Five Pillars of Happiness' framework for maintaining balance.
Episode Description
Show Notes
- 00:30- Sam helps a famous hockey player go viral
- 07:30- How Andrew built his social media following
- 12:00- Podcast downloads update
- 14:15- Getting rich quick vs. getting rich slow
- 57:20- How to identify a winner
- 01:07:30- The five pillars of happiness
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- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.
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- Additional episodes you might enjoy:
- #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits
- #209 Gary Vaynerchuk - Why NFTS Are the Future
- #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto
- #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
- #218 - Why You Should Take a Think Week Like Bill Gates
- Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More
- How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
Links
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Key Takeaways
Prioritize investing in businesses with an 80% probability of solid returns over 'Olympic-style' venture bets where the median outcome is often zero.
Identify top-tier talent by testing for 'gumption'—the natural drive to proactively follow up and move a project forward without being prompted by a manager.
Satisfy your 'caveman brain' by incorporating manual labor or physical competition into your routine to counteract the psychological drain of digital, knowledge-based work.
Business Ideas Mentioned
Performance-Based Personal Brand Ghostwriting
Agency
Digital Micro-Grant Management Platform
SaaS