We're actually on track this year to make $20 million.

So, what do you do to make that much money?

So, we Tiny Temper. I'm a rapper and an entrepreneur.

If you had to start again, how would you make your first million? If you had to start again, how would you make your first million?

I go into about to pop off.

You're an industry. I think it's going to boom in the next 10 years. Game is on easy if you understand how to play it.

Yo, my people, welcome back to the venture, the number one platform for Spanish. As you know, London is home to the most millionaires in the whole of Europe. And on a Saturday today, they all come to Bond Street, which is where we are now. And what we're going to do, bro, today we're asking millionaires how they got rich and how you can do it, too. So stay tuned. It's going to be a banger.

[Music]

Make your first million.

Oh, I'm not going to talk. Sorry. Don't know why I don't.

Excuse you, bro.

Excuse me. We're trying to inspire the next generation. If you had to start again, how would you make your first million? Do it for the kids, man.

Excuse me. We're trying to inspire the next show. Your outfit is really cool, by the way.

Oh, thank you.

If you were to start again, how would you make your first million?

I'd just start saving early.

What do you do in investing into your design?

Your own business?

Yes.

Okay. How did you start out?

I had a friend who was in the business and I was in college and I just had an interest in it and after college.

Let's go.

Okay.

Thank you.

That's all right. That was that was really really strange. But wow.

Yeah. Yeah. How strange was that? I was interviewing this interior design business as you guys saw and then whoever she was with just came and pushed her out the way and said, "Let's go." I was like, "Wow, that was so bad." Yeah, man. That was so rude. Oh wow. Anyway, hope she's good. Hey guys, man. It's a tough one. We're getting little snippets here and there, but it's really tough today, man. And it's like it's not busy. And then the people that we stop, they are business owners, but they're just not giving us enough, you know, to say hard work, which, you know, is our favorite answer. But, um, yeah, we're just going to keep going and see. Let's go.

Hey, cross the road.

[Music]

So, my man, when trying to inspire the next generation, if you were to start again, how would you make your first million?

Um, working clean tech. So working through sustainable solutions, helping move us through clean energy transition.

That's the like biggest business opportunity that right now in your opinion.

I think it's also something people care about doing. I think it's something you put your passion and energy into.

What's the most money you've ever made in a year?

Um couple of million. Well, when I sold my businesses, so I've sold four businesses, but I've been bankrupt on businesses.

Yeah.

Been bankrupt twice.

That is so risk.

Business did you do?

I was in marketing. So technology, so it's not a big leap. Whereas I think now clean tech. So I used to work with like Google, Microsoft, those those guys. Whereas I think now the big growth is going to come from more hardware. So I work with the Royal Institute of Engineers, Academy of Engineers, sorry, which engineering solutions to things like agriculture, the fact we have diminishing water supplies, our ability to build cities, make them more sustainable. We're able to handle heat waves like today, biggest challenge we've ever had, which is the climate crisis. So I would say anyone thinking about business going into something, that's the one place to go.

Quick question. What's one thing rich people know that poor people don't about building wealth?

It's about building assets. There's a great quote which is like expensive shoes can be the cheapest shoes you ever buy because a poor person will buy cheap shoes and you'll buy 10 pairs of shoes in 2 years. A wealthy person will buy really good shoes and they'll last him 20 years. It's a small point about assets. Don't live on hope and throw money away. I lived in poor areas. I remember seeing so many of these scratch cards and that's just throwing away money on hope. Whereas actually you got to take control. Find a way and those assets don't need to be expensive. Houses, whatever. You just start small.

Where can people find you, man?

James Trzona.

Thank you, man.

Cool. Okay. Good to meet you. Boy, oh boy. You lot heard me just now. James just fell from the sky and dropped some bombs. Boy, my biggest takeaway, look at clean tech and agrch guy. They're huge opportunities. And the thing that he said made the most impact to me is there's opportunity everywhere. You can choose to see it as a negative or a positive. But the future's coming. It's just about where you position yourself. Let's see what else we can get today, man. Fire.

Excuse me, bro. I love the car, man. How did you feel when you made your first million?

How did you feel when you made your first million, bro?

Felt amazing.

Yeah.

Film him.

[Laughter]

We're trying to inspire the next generation.

Huh?

What's one piece of advice you'd give to someone who wants to become the first millionaire in their family?

Oh man, you've got to go against the grave, man. You've got to be fearless and take a risk. No one else is willing to take, man.

Yeah. What's the biggest risk you've ever taken?

High risk, high reward. Trying to be an artist. M

Obviously when I started making rap music in the UK, rap music was known, but it wasn't like a celebrated viable thing. So yeah, I'd say just take a risk, do something hairy and audacious.

We got over a quart million followers. Do you mind if we ask you a couple questions? Are you going somewhere now or anything we can do?

Uh we could quickly do something. Yeah.

Mr. Porter. Mr.

Mr. We'll be there in a second.

Thank you, bro.

In 1 hour. All right, cool. We'll be there.

Yes, guys. Matting. So we just pulled up to a random rose. I think it was the Rose Spector. correct me if I'm wrong, interviewing the driver and he's like, "Look, look in the back of the car." So, I'm looking in the back of the car and I see Tiny Terra himself, big boy entrepreneur, big boy music artist, and someone that I looked up to highly. And he was like, "Look," answering a few questions. He's like, "Look, I'm going to be at Porter House in an hour, Port House Steakhouse, which is only 20-minute walk from here. So, we're going to pull up. Hopefully, we can get a part two. If not, we have got some gems already. Stay tuned. It's going to be a banger."

[Music]

Excuse me, bro. Sorry to disturb you, man. Can I ask you what do you do for a living, man? Super quick.

So, I work for myself.

You're an entrepreneur? Oh, sick. What's the business that you do?

I partner with brands on social media in the personal finance niche. I also run an accounting practice on the side as well.

What's like the most you've made in a year?

Give me the most I've made in a month. Okay.

Across my two income streams, about 70k.

What are the steps you went through then to go from zero to 70k?

I remember my first video. It blew up overnight talking about lifetime is actually very random. And then I just literally was posting three times a day at home in the evenings after my job consistently and then eventually got to 100K 200k followers and then brands started to reach out to sponsor me, savings apps, banks, all these other things. Yeah, it was really a case of just jumping on the momentum when you know you've got a good thing and that can really take you to six figures really.

If you had to start again, how would you make your first 50k a month?

Look at a niche where there's a gap in the market and build a subscriptionbased service business around that. paid community, monthly subscription, high profit margins, low barrier to entry. It's got amazing resale value, you can get 10x multiple revenue. An example, I guess I'd think about what I think is missing would be business podcast for entrepreneurs that are already started on their journey. A lot of business people and like gurus online and podcast, they focus on how to make your first. But what I would do is talk about business owners that are already at 100K, quarter of a million, half a million, how they can get to the next level. Yeah. Really, really go in on that. And obviously business owners at that level, they have more disposable income. So charging them 99 quid a month. For business advice, they can afford that. Get 500 of them in. That's 50K a month right there.

Yeah, that's a good one, man.

What's the one thing the rich know that the poor don't?

The rich focus on owning, not earning. When you earn your money personally, you get tax half of it goes to HMRC. So what the rich do is they invest their money in wealth generating vehicles. And I'll give you example. You've got a SAS pension. You put your company money into the SAS pension. What you can do is invest that money into commercial real estate, property, stocks and shares. And the best part is all of it's taxree. And what you can also do on top of that is you can take that money out of the SAS pension, loan it back to your company to invest in growth, expansion, new businesses. And because it's a loan, guess what? You don't have to pay tax.

There we go.

Okay.

The game is on easy if you understand how to play it.

That's magic.

So, as an accountant with a lot of high net worth clients, what are the most profitable industries you've seen to make a million pounds?

Okay. I'll tell you an industry I think is going to boom in the next 10 years. Electric vehicles make up about 4% of the cars on the road at the moment. In the next 10 to 15 years that's going to be like 90%. If I was starting out, you can train as electrician build the infrastructure to be able to provide electric vehicle charging points across the UK. Not only individuals would be paying you, but also governments, local councils will be paying you millions to build the infrastructure for the next 10 to 50 years when the cars come and they don't have the current infrastructure. So that industry is going to go crazy in the next 10 years, but people need to learn the skills to jump on it.

I love that. But say you're not very technical. Do you think you can still capitalize on that?

Like I said before, partnering with people that have the skills that you don't. You know where the money is going to be. You find people that can service the demand. You partner with them and that's how you make a million.

Yeah. As a six-figure accountant, how would you invest 10K today?

So the first thing I would do, open a stocks and shares ISA. With this, it's taxfree. No capital gains tax to pay. You can invest up to £20,000 per year. Pick any broker that offers an ISA. That's the key. The next thing is choose the investments. For me, I'd invest in low-risk index funds. Doesn't take a lot of time. Doesn't take a lot of research and good returns over a long period of time. You can benefit from compound interest, especially if you're young. So, I would go for S&P 500, Global Footsy All Cap Index. These are my two funds that I'm investing in personally significantly right now. And I'm hedging for the long term. That's it.

That's the That's the plan.

That's the game.

Damn. There it is, man.

Yes, guys. Sick interview with Tim doing amazing things. My biggest takeaway was the rich are making a lot generate a lot of wealth through SAS pensions. So they're able to invest with minimal tax exposure. So get yourself a sick accountant and you can make some good money taxree. Let's go. We just started.

Lions.

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Oh, she looks interesting. Excuse me. So this dub you can ask you if you had to start again. How do you make your first million?

Um good question. I probably do one of two things. So I go into something really boring. AC right now is about to pop off. The world's getting very hot. Very boring industry. But I know quite a few people that have made a million their first year doing AC. But personally I'd like to go into an industry that's about to become huge and every business needs it which in my opinion is SEO for chat GBT and other AI.

What does that mean SEO? If you think about Google, you search for something, I don't know, hair straighteners, you see all the search results that come up. Whether you're on page one or 50 is all to do with SEO, which comes from a variety of like keywords and how many people will link to your page. Like in the future, all search is obviously going to be through like Chat GBT and other LLMs basically. And so whether your business comes up in that search when someone searches or not is the difference between potentially millions in revenue.

So people will be buying stuff through Chat GBT.

Every business is going to be investing in that space. Yeah.

I love it, man. That's a sick idea. But what business do you do? Right now I've got a careers platform helping young people get into well-paying careers. But my previous business was a drinks company which I sold for seven figures.

What was that business? What drink were you selling?

So it was a CBD gin brand. I launched the company within a month. I had my first acquisition offer. Didn't actually know that you could go and sell a company like that. Turn that first one down. Went to raise my first kind of round from some angels and then had the acquisition there.

Did you start from money beforehand? How did you launch the business?

I was on like £10 an hour. So I had absolutely like no funds at all. Keeping things real lean. So like £100 here, 100 pound there. Teaching yourself everything. I taught myself trademark law, logistics, customer service, all of that stuff. You just have to like do all the hard bits basically.

Yeah, you smashed it, man. So what's the one thing the rich know that the poor don't about creating wealth?

The obvious answers are going to be like tax loopholes, trust funds, all of that stuff. But actually, I think the biggest thing is the confidence of knowing and having seen it being done. When you grow up, I think without money and you're around people who haven't cracked the code to success, you're basically fumbling around the dark, but also getting signals from those people who haven't fulfilled their own potential. They don't have that confidence to pass on to you. Whereas, if you're going up around successful people or you surround yourself with successful people, which is what I ended up doing. I went into rooms of people that were smarter than me, more wealthy, etc. You seeing it being done, it makes it possible in your mind. Like it's hard, it's hard to quantify the difference, but there's just a confidence there. You know, it will happen and that basically manifests it. surrounding myself with that good positive energy of people that want to do things and they're ambitious. That's the breaker. If you put like a poor person in a village of millionaires statistically, they're going to become a millionaire because it's about who you're around. That energy is absolutely everything.

So, we've got a quart million followers. A lot of them are 25 to 35 years old. They're currently in a job. They want to be financially free and start their first business. How much do they need and how do they invest that money? Like, say they had £1,000.

Picking an industry that there's already demand for. So, trying to create demand or teach them about something entirely new is a massive upward struggle. or you'll need a lot of money for that. So try and go on to something that's already a trend. I picked both the gin trend and the CBD trend and layered them on top for double effect pre-sale before you make the product. So I did not have three grand to make that first batch of gin. But what I did was I took some templates from Google. I reached out to journalists about the story basically of me launching. Got the press used the press to pre-sell the product. Used that money to make the first batch. So yeah, you got to get scrappy and creative with it basically.

I love that. How do you go from idea to launch?

Number one, you need to talk to people in the industry. So I was surround myself, break out on LinkedIn, drop people messages, ask for coffees, calls, etc. That's what I did with my first business. Being really like humble as well, saying like I don't know anything about this industry. I haven't worked with before, but I'm very ambitious and hardworking and I just want to borrow like 10 minutes to your time to ask specific question.

So you built and sold a seven figure company in less than a year. What's the biggest lesson you learned?

I think that you make your own luck. So one of my favorite quotes is luck happens when preparation meets opportunity. And basically what that means is that you you have to put yourself out there to receive the opportunities that people see as luck. So every single day building my own drinks company, I was out walking 20, 30,000 steps per day in London with a massive backpack of a heavy gin and tonics, going bar to bar, restaurant to restaurant. You know, I was teaching myself trademark law. Everything can be hacked. But basically, as a result of putting myself out there and working hard every single day, I was able to get on the radar of people that would, you know, change my life and and give me those opportunities cuz nothing's going to come to you for free. You need to lean into that discomfort as well. So if something feels uncomfortable, that's a sign that you probably need to do it. Ambition without action is anxiety. So you feel yourself pent up and stuff. It's because you're not taking those leaps.

Yeah, I love that. That's perfect, guys. Sick interview with Sally Winter. Absolutely smashing it. Seven company built and sold in less than a year. Crazy. My biggest takeaway was success comes from when preparation meets opportunity. And just you think about someone like Usain B for example. He ran a 9.5 second 100 m. But think about the years and years, decades maybe, of preparation and training you put into that. So make sure you're being consistent and putting in the work. Man, let's go. We ain't done. I got so much.

Excuse me.

Excuse me. If you to start again, how would you make your first million?

How did you know I make a million? You

look like money, man. You got the Dior and everything.

Wow. I love this. Okay. Cameras. Okay. As a woman, I would build a brand on social media.

Social media. Have you made money from social media?

Absolutely. We've made millions of dollars by the time I was 23.

What's the most money you've made in a year?

We're actually on track this year to make $20 million. me and my business partners.

How do you know?

I'm 26 today.

So, what do you do to make that much money?

So, we help women make their first million dollars on social media by building a brand that is respectable and then we help them scale it to over $10 million with system teams and we outsource all of that for them.

Do you come from money? What's your background?

No. So, I'm originally Middle Eastern. I moved when I was 18 to Canada. My dad actually his business was struggling at that time. So, he was like, "You need to get a job." I lived my whole life in Saudi Arabia. I've never worked a job because you work in Canada. I was a waitress. I would quit a job every 3 months to put it on my resume so I would get a better restaurant with more tips. I understand that odds are not in my favor as a woman. As someone that started working at 18 because Canada in America, people are starting to work at 16. So I'm like, if the odds are not in my favor, I'm going to make sure they are in my favor to get a better restaurant job that will give me a lot of tips, right? And I was still going to university as well.

What's one thing rich people know that poor people don't?

Rich people trust their vision and doubt their fear. Poor people doubt their vision and trust their fear. And that's the biggest thing what makes the rich people rich. We take risk because we're like, "Okay, we're gonna go ahead and we're gonna figure it out along the way." The smartest people are usually the brokeest. Why? Because they need all the answers. They need to overanalyze, overthink, make sure everything is perfect. And it's never perfect in business. You got to start and figure it out after. And this is why you see the C students are more successful than the A students because they're like, "Well, I've failed my whole life. Might as well. Let's try it." Boom. Billionaires. When I was a waitress, I said this is the worst case scenario. So if I fail, I'm still in the worst case scenario. If I try something and it works, that would be amazing. If it doesn't, the worst case scenario, it's I'm already in it. You know what I mean? So%

What is the secret to building a multi-million pound brand or multi-million dollar brand?

Oo, I love that. I mean, when you are building your social media, a personal brand, which is going to make you a lot of money cuz it's the biggest leverage in today's world, make sure you are a master at attention, right? There are so many people on social media. People are scrolling and people are cold these days. They're not going to give you a second chance to watch your video, to watch, you know, your stories. The first 3 seconds is so so so important when you are creating something. That's one thing. The second thing is you got to create things that are sharable. People say, "Oh, the algorithm is not on my side." The algorithm is human beings. It's the audience. So, yeah, they they're not on your side and you need to do better. You need to start posting things that people resonate with so they can share so you can get their audience as well. Everything that I post, I know I'm speaking our truth. All the girls truth. So all the girls post it because she's like, she is literally saying what I've always thought. Whatever you're selling. There is a message. There is something relatable that you can talk about. People don't buy from brands anymore. People buy from people.

100%.

So you made millions. How do you make 10K a month again?

If you're trying to make your first $10,000, forget ecom. Focus on selling services. It does not cost you a lot of money. It cost you a lot of time. and then you can almost automate it where it does not cost you the time anymore. Only do ecom if you have the money to buy the products and then advertise the products and then ship the products. It's very expensive to be in ecom. So if you're trying to make your first 10,000, not the business I would get in.

Where can people find you?

Uh well it's at the Afnan Khalifa everywhere. YouTube, Instagram, Tik Tok, Snapchat.

Guys, make sure you check out man. You need to follow her.

Thank you.

Thank you so much. Take care man.

[Music]

Yes, guys. So, currently we're relocating. So, we were on Bond Street Mayfair. Now, we're heading over to Park Lane, Mr. Porter Steakhouse. So, as you know, we just saw Tiny Temper. He said in 1 hour he's going to be at the steakhouse. So, we're going to pull up. Hopefully, we can get a part two. If not, we have got some gems already. Stay tuned. It's going to be a banger.

Excuse me, bro. Straight in.

The man himself. The man himself.

Thank you, bro.

Guys, I'm here with the man himself. For people that don't know, who are you and what you do?

Tiny Temper. I'm a rapper and an entrepreneur.

So, everyone knows you as the rapper, but most people don't know you're actually a huge entrepreneur.

Yeah.

What businesses do you do at the moment?

So, I invested in a business called Nothing. They're doing great things at the moment. And I invested in drip, invested in loads of property, loads of art.

So why did you think it was important to diversify? Why not just stick to music, making the bangers?

Just because I've always been taught it's best to have a diversified portfolio, you know? And I've grown up in a kind of entrepreneurial family. Like we started with nothing. Parents were immigrants. They immigrated over from Nigeria. Since they've been here, I've seen them get educated. I've seen them build a nice property empire. And I've constantly seen my mom like hustling between property and fashion. And so yeah, I've just learned to kind of do the same. What's been your best or most profitable business so far, would you say?

That's a great question. Probably some of the crypto businesses that I invested in. So, I invested in a crypto business called Lime Wire. I was kind of excited about the whole nostalgia of trying to bring Lime Wire back, but it's been very profitable for me. Yeah, man.

You had to start again, how would you make your first million?

If I had to start again, it would always be through music. Music is the one thing that I love and I can do without thinking about any money. And sometimes I believe when you actually think about the money, especially when you're trying to be a creative entrepreneur, the money never comes. So because I can wake up every day, I can make music and I'll love it regardless. I would always go back and do that as my first thing. Don't be afraid to take risk. At the end of the day, fortune favors the brave.

Is there a gap in the market in your industry that someone could chase today?

The music industry is very fragmented at the moment. It's very disjointed between publishing and records. No one is really talking to each other. So as a result, there's a lot of money that gets collected that is going into what we call a black box. And the black is basically income that is collected that people are unaware of who it needs to be distributed to. And then what happens to that blackbox income is if no one claims it basically gets absorbed and then you know the labels benefit from all of that cash. And there's a lot of money sitting in that black box. So anyone who can figure out how to connect the dots, organize things a little bit better, find a more sophisticated way to distribute royalties to artists in a more clearer and transparent way will win.

I love that, man. Where can they find you? What's the Instagram?

Our Instagram is Tiny Graham. Hit me up whenever, man. New track, Eat It Up, out now.

Guys, go check him out. Thank you, bro.

Love, brother.

Appreciate it, man.

Yes, guys. Huge day. We met Tiny Temper himself. Remember being 12, 13, playing Wifey Rhythm, one of his first songs. I remember that on the back of the bus. And then years later, meeting him in person, interviewing him. That's what happens when you put yourself out there, man. You never know what opportunities are going to come about. Hope you got some value from that. But we're not done. Let's keep going. Tanny's just mad into your Jamal. So, let's see if we can get some more, man. Scarlet's interesting. Excuse me, man. Sorry, sir. We were trying to inspire the next generation. If you were to start again, how would you make your first million?

I to start again. I think I'm always starting.

Huh? You always start?

I'm always starting to make a new million. I'm into marketing. So, I focus on marketing a brand and really pushing the brand, putting faces to a brand.

Mhm.

So, what's your business? What do you do at the moment?

I'm known for Love Luxury, which sells buy and sells, Ames, Burkin, Kelly's, watches, jewelry. But my previous businesses were property, real estate, ecom. I've been in a few different businesses.

Yeah, man. So, what would you say is the most profitable business you've been in?

Ecom. It's because when I sleep at night, I make money. With retail, you need to be in the business, open the store, people are actively coming in, messaging, and you need people to run these businesses. But with ecom, it's just click buy, click by, click by.

What separates successful from the non-successful?

Just not giving up. So many people have watched me and said, you failed. You failed. This when I was 15, 16, 17 I'm talking about. Yeah. I said, "Dad, I've failed so much. I feel like I'm the smartest, poorest person in the world." He said to me, "Son, you are now closer to success." He goes, "You won't keep failing." He goes, "One day you're going to hit jackpot." And it happened. I think when I start focusing more on my belief system and being an honest, transparent person with myself and to everyone around me, people can feel that energy, they then work off my energy. I work with them. I'm very happy for them to succeed without holding them back. They don't hold me back. So, it's not about them not believing in me. It's about me proving to everyone that this formula works. And my formula is I won't stop until I've succeeded.

Love that, man. Pure perseverance on it.

Where can people find you?

Social media. Just type love luxury. yourself, Adam, Abraham. For us, honestly, it's just about pray for us. We pray for you. And that's key elements is just pray for each other and pray for people who are in need right now cuz a lot of people are struggling in the world, you know.

Guys, make sure you check him out. What's your name?

Adam Abraham.

There you go. Make sure you check out Adam, guys. Doing massive things, man. Thank you. So, guys, sick interview with Adam, man. My number one takeaway is I believe that guy, he's going to make it happen. If he says it's going to happen, it's going to happen. And that's down to pure perseverance. You hear it all over and over and over again. Forget everyone else. Just focus on you. Focus on your goals and you will make it happen. It's about how long you stay in the game for.

Yes, guys. Sick interview with Adam, man. My number one takeaway is I believe that guy, he's going to make it happen. If he says it's going to happen, it's going to happen. And that's down to pure perseverance. You hear it all over and over and over again. Forget everyone else. Just focus on you. Focus on your goals and you will make it happen. It's about how long you stay in the game for.

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Asking Millionaires How They Got Rich? | London, Bond Street

Transcription