Asking 3 young millionaires how they make $1.8M, $5M, & $12M/year

Nick: I started my career in management consulting where you dabble around a bunch of different industries. Uh at one point I landed in a corporate job at NRG large power company in the US was doing innovation projects there strategy and one of the areas we had the hardest time finding good expertise in was backup generators.

Sam Parr: What's really smart about your approach that I think very few people do is in business what most people do is they think about the product. They're like, 'Oh, I love that product or I know about that product or I love this industry.' ... you worked backwards from like what type of sale process do I want to do every day because that's going to be like 90% of my existence as an entrepreneur is just going trying to sell get more business.

Noom: There are like three things that aligned in this age we're living in that makes it probably now one of the least risky things that you can do making like a hardware consumer product. Having all the access to like information like engineering at this point is like low-key kind of easy... with ChatGPT, with YouTube like I didn't know how to make electronics. I didn't know how to make a PCB. ... I was assembling these things myself up until literally a year ago. Um we we got up to like 80K a month. I was assembling, shipping, I had two 3D printers running my closet in like in my apartment.

Shaan Puri: You don't talk to them when you're it's time to sell. You first talk to them a year or two before to actually understand what you need to do in the next 24 months to be a sellable business in the end. ... I have a number in my mind. Just tell me what I need to achieve to make that number possible and I'm just going to go do that for two years. ... the good thing about a sellable business is if somebody else is going to want to own it, it's probably the same like reasons you would want to own it. So there's no harm in building a very sellable business.