Syed Balkhi: How He Went From $0 To +$100M Before Age 30

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. Want to see more MFM? Subscribe to the MFM YouTube channel here. — 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/ — 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 — 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  • Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. — Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sop