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Episode 486: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) talk with Syed Balkhi (https://twitter.com/syedbalkhi) about moving from Pakistan with no money to building a 9-figure WordPress empire before he turned 30. Learn why he turned down a $70M offer, why he bought a gas station as a baby shower gift, the difference between recurring revenue vs. re-occurring revenue, and much more.
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Check Out Shaan's Stuff:
• Try Shepherd Out - https://www.supportshepherd.com/
• Shaan's Personal Assistant System - http://shaanpuri.com/remoteassistant
• Power Writing Course - https://maven.com/generalist/writing
• Small Boy Newsletter - https://smallboy.co/
• Daily Newsletter - https://www.shaanpuri.com/
Check Out Sam's Stuff:
• Hampton - https://www.joinhampton.com/
• Ideation Bootcamp - https://www.ideationbootcamp.co/
• Copy That - https://copythat.com/
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Show Notes:
(0:00) Intro
(7:00) Starts first business at 13
(12:00) Starts WPBeginner at 16
(17:00) Syed’s 1st million at 21
(22:05) Buying gas stations
(28:20) Recurring revenue vs. Re-occurring revenue
(31:00) Heads I win, tails I don't lose (much)
(34:20) Mismanaged gems
(44:00) Business Idea #1: Content Agency
(46:00) Going from creator/operator to capital allocator
(51:30) Straight cash, homie
(55:30) Idea #2: AI Wrappers
(57:00) Idea #3: Freedom of Information Act Arbitrage
(1:00:50) Net worth breakdown
(1:03:15) Learning how to spend money
(1:06:40) Thoughts on buy vs. build
(1:09:00) Closing thoughts
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Links:
• Syed’s Company Site - https://awesomemotive.com/
• Syed’s Net Worth Article - https://syedbalkhi.com/what-is-syed-balkhi-net-worth/
• Clay - https://clay.com
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