Asking Billionaire Investor - Andrew Wilkinson - How To Prepare For The Economic Collapse

**Sam Parr** (0:00)
All right, there's this amazing book called Getting Everything You Can Out Of All You've Got. I read it a few years ago and it changed my life.
And the reason I loved it was because it basically talks about how to get and make more money using things that you already have.
Coincidentally, today's podcast is brought to you by Business Made Simple. It's a podcast by Donald Miller, who I'm gonna tell you about in a second, but he has this amazing episode that's all related to this book and the things that I learned in this book. It's called How To Make Money With What You Already Have. It's an incredible episode. It talks about all the stuff that I learned in this book. The host is Donald Miller. I didn't know who Donald Miller was up until recently, but over the last 12 months, this is totally by coincidence. It was all separate people. They said, you have to check out Donald Miller. He's amazing. So I'm happy that he's part of HubSpot's podcast network. You can check it out, Business Made Simple Podcast. It's where he coaches you on how to build your business like an airplane, where the cockpit is your leadership, the body is your overhead, the right engine is your marketing, the left engine is your sales.
You have to check it out. This guy's amazing. It's called Business Made Simple with Donald Miller.

**Andrew Wilkinson** (1:02)
I'm mostly holding cash and waiting for winter to come. And I'm gonna buy businesses personally as well.
Really? At the end of the day, I just want businesses.

**Sam Parr** (1:12)
You don't own any Vanguard index fund shit. You just are literally sitting on, I imagine, tens of millions of dollars of treasury bills.

**Andrew Wilkinson** (1:22)
Yep.

**Shaan Puri** (1:29)
All right, on today's episode, we got Andrew Wilkinson joining. If you don't know, you gotta know, Andrew is the creator of Tiny, Tiny Owns, like, I don't know, 20, 30 businesses at this point. They own Dribble, they own AeroPress. Basically, he buys and sells businesses of total value, maybe over a billion dollars at this point, definitely over 100 million in revenue.
And he's sort of known as the Warren Buffett of the internet, or that's the model that he chose to create. So he didn't do the startup path, he creates one genius idea. He didn't do the investor path where he's just putting small checks into these companies. Instead, he was finding these little gems of businesses, buying them. And he's been doing this for like, you know, I don't know, 10, 15 years now.
And Andrew's become a good friend. He's a friend of the pod. He listens to the pod, so he knows the vibe. He's probably the most well-liked guest that we have. So we're always happy to have him back. In this episode, we talk about preparing for winter.
So what moves he's making or has made in order to prepare for what's going on in the economy? So what he's doing in his business, what he's investing in, that sort of thing. We talked about a couple of his new ideas or businesses that he started. One, negotiating as a service or procurement, as I'm told, or this other company called... Actually, I don't wanna give it all away, but he talks about a couple of the ideas that he's working on. And then we go on some tangents about why you should only rent your house, not buy houses.
We talked about different ways that he gets together with other entrepreneurs and groups. It's a good episode. So about an hour and a half, I think you'll like it. All right, enjoy this episode.

**Sam Parr** (3:05)
Dude, wait, hold on, Shaan, I haven't seen you in a minute. You good?

**Shaan Puri** (3:08)
Oh, dude, I've been literally sitting at Tesla charging stations for the last year of my life, it feels like. I made a horrific mistake of renting a Tesla for a road trip.

**Sam Parr** (3:20)
Where'd you go?

**Shaan Puri** (3:21)
I just from here to LA., from the from the Bay to LA. And I thought, OK, that's cool. Might have to stop once or twice.
It has stopped five times. Basically every 90 minutes, I had to stop for 30 minutes. It was awful.

**Sam Parr** (3:34)
How fast were you going? Were you going above 80?

**Shaan Puri** (3:36)
No, nothing. Not fast. Two kids in the back and a bunch of snacks. Like, this was not like some, this is not me. It was you. That's how I felt. That's how I felt towards the car. I was like, apparently this isn't what most Teslas would be like, but the Tesla I had rented, you know, was, was not the greatest. And which kind of sucked. Cause this was my, I sold my wife on a Tesla as the next car trip and I had the opposite effect.