Daily Question for 13 October
Daily QuestionOne a day
Question
How do people go from broke to their first million?
Response
The guests describe a common path: start small, take action, and keep going through lean years. One Miami entrepreneur said she started her first business with $300 and that you don't need much capital, just action. Andy Frisella, who built his company from a small retail store, said the first years brought almost no profit, so he and his partner worked side jobs to keep things going. Offset described his path as passion, ambition, hustle, and accepting that you will be denied sometimes. Several guests stressed that you have to stop wishing and decide, and that planning and mentors matter. Donny Huizenga started with a single lawn mower and kept pushing through adversity.
Sources & references
- 01Asking Billionaire Women How They Got Rich!4:44(opens on YouTube in a new tab)
I started my first business that made me who I am today with $300.
- 02Asking Billionaire Women How They Got Rich!4:53(opens on YouTube in a new tab)
So, you don't need a ton of capital. You just need to take action.
- 03Day in the Life of a Billionaire6:02(opens on YouTube in a new tab)
And then we worked other jobs, bartending, side hustles, and things like that to really just keep things going.
- 04Asking Monaco Billionaires How They Got Rich!6:04(opens on YouTube in a new tab)
And it was just like passion, ambition, hustle, and understanding that you might be denied a couple times.
- 05Asking 90 Year Old Billionaires If Getting Rich Was Worth It9:42(opens on YouTube in a new tab)
and started with a lawn mower, became the largest mowing company of individually mowing military bases all over the country.