Podcast Summary: The Money Mondays Episode 125
Title: From Rock Bottom to $60M in One Year w/ Andrew Bachman 💵
Host: Dan Fleyshman
Guest: Andrew Bachman
Release Date: June 9, 2025
1. Introduction
In this compelling episode of "The Money Mondays," host Dan Fleyshman sits down with Andrew Bachman, a dynamic entrepreneur who transformed his life from rock bottom to generating $60 million in revenue within a single year. The conversation delves deep into Andrew's entrepreneurial journey, business strategies, investment philosophies, personal growth, and his passionate commitment to charity.
2. Andrew Bachman's Background and Early Journey [00:00 - 06:00]
Andrew Bachman opens up about his upbringing in Wayland, Massachusetts, highlighting the challenges he faced during his formative years. Despite being underweight and unpopular in high school, Andrew developed a strong sense of confidence and a desire to achieve greatness.
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Early Aspirations: Andrew initially dreamt of becoming an athlete or a famous actor. However, his aspirations were tempered by the realities of high school, where he felt out of place and struggled with popularity.
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Inspiration to Pursue Entrepreneurship: A pivotal moment came during his junior year when a peer excitedly shared his acceptance into Babson College, renowned for entrepreneurship. This encounter ignited Andrew's interest in building businesses. He recounts, "From that moment on, I just started trying to start and build businesses, and I failed thousands of times." [05:58]
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Initial Business Ventures: Andrew's early entrepreneurial efforts included partnering with a college friend to create a million-dollar venture from his dorm room, eventually scaling to a billion dollars in the affiliate marketing space. Despite facing legal troubles and setbacks, these experiences shaped his resilience.
3. Building Creators Inc. and Navigating the OnlyFans Ecosystem [06:00 - 09:35]
Andrew narrates his transition into the adult content and paywall platform industry, particularly focusing on OnlyFans.
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Success Story: Andrew shares the story of helping a friend with OnlyFans, transforming her account from struggling to generating $250,000 in a month. This success laid the foundation for his company, Creators Inc., which he states, "I'm pretty sure we're by far the most dominant name in the space." [06:00]
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Challenges and Branding: Recognizing the need for a strong brand identity, Andrew founded Creators Inc. to emulate traditional Hollywood agencies, positioning himself uniquely amidst competitors. He highlights the importance of branding in gaining trust and attracting high-profile clients.
4. Business Strategies: Delegation and Leadership [19:44 - 20:29]
The discussion shifts to Andrew's approach to scaling his business through effective delegation.
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Hiring a CEO: Reflecting on his experience with Elevator Studio, Dan shares how hiring a seasoned CEO transformed his company's revenue from $18 million to $60 million in a year. He emphasizes the importance of hiring experienced leadership to handle day-to-day operations, allowing entrepreneurs to focus on strategic growth.
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Delegation Benefits: Andrew concurs, noting, "I have not yet found the person that I would just say like, here are the keys. Drive this car." He underscores the competitive nature of his industry, where strong leadership is crucial for maintaining dominance.
5. Investment Philosophy and AI Concerns [22:13 - 31:48]
Andrew and Dan delve into their investment strategies, particularly in the context of emerging technologies like AI.
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S&P 500 Insights: Andrew advocates for long-term investments in index funds, specifically the S&P 500, highlighting its historical average return of 11.1% over 92 years. He advises young creators to consider these stable investments to combat inflation and grow wealth over time.
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AI Impact: Both discuss the disruptive potential of AI on various industries. Andrew expresses concern over platforms susceptible to AI disruptions and shares his strategy of divesting from such ventures while investing in "gold standard" assets that are AI-resistant. He remarks, "I'm going to do everything I can to learn right now, like hyper learn everything I can about AI in the marketplace and position." [28:29]
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Active vs. Passive Management: Andrew emphasizes the importance of regular portfolio reviews, suggesting semi-active management to ensure long-term bets remain viable amidst changing market dynamics.
6. Personal Reflections: Health, Stress, and Life Balance [14:23 - 24:29]
The conversation turns personal as Andrew discusses the impact of his entrepreneurial journey on his well-being.
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Managing Stress: Andrew shares his struggles with stress and sleep due to the high demands of running a multimillion-dollar business. He mentions, "I'm always... my pain and stress is about more money, right. And I don't need more money." [15:19]
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Healthy Habits: To cope, he adopts rigorous health routines, including cold plunges and disciplined diets, prioritizing his physical and mental health over material comforts.
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Legacy and Purpose: Andrew reflects on his motivations, stating, "I want to do as much for the planet before I go." His drive is fueled by a desire to make meaningful contributions rather than merely accumulating wealth.
7. Charity and Impact: Efficient Giving [35:08 - 39:48]
Andrew elaborates on his commitment to charity, emphasizing efficiency and tangible impact.
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Efficient Charity Models: He praises organizations like Charity Water and Pencils of Promise for their effective use of funds, ensuring that donations lead to real, measurable outcomes. Andrew shares, "The reason I do my charities so publicly... when it comes time and I say, hey, Andy, I want to build this place, I call it Homeful..." [37:29]
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Personal Initiatives: Andrew is passionate about eradicating homelessness and hunger, advocating for scalable solutions that address these fundamental human needs. He plans to establish initiatives like Homeful in Miami, leveraging his entrepreneurial skills for social good.
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Charitable Philosophy: Viewing investments as a form of charity, Andrew believes that growing businesses not only generates profit but also creates jobs and improves communities. He states, "If we find a good operator... that person can sell whatever it takes." [39:52]
8. Advising Influencers on Wealth Management [39:48 - 44:26]
The episode offers valuable advice for influencers navigating sudden wealth and financial responsibility.
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Allowing Financial Learning: Andrew suggests that influencers sometimes need to "light the money on fire" to understand the consequences of unchecked spending. This experience can lead to a mature approach to wealth management once they've experienced financial strain.
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Planting Seeds of Responsibility: Instead of overt guidance, Andrew recommends planting ideas that influencers can develop into their own responsible financial habits. He emphasizes the importance of resilience and self-sufficiency over dependency on parental wealth.
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Practical Tips: Andrew advises influencers to consult with CPAs, prepare for taxes, and invest wisely rather than succumbing to frivolous spending. He highlights his own financial discipline as a model to emulate.
9. Legacy and Future Plans [44:21 - 45:36]
In the closing segments, Andrew shares his thoughts on legacy and the future.
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Wealth and Children: Andrew expresses reluctance to leave substantial wealth to his children, believing it may hinder their development of resilience and independence. He aims to leave them with valuable life lessons instead of financial guarantees.
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Future Endeavors: Committed to societal improvement, Andrew plans to continue expanding his charitable efforts and entrepreneurial ventures, focusing on long-term impact rather than short-term gains.
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Closing Remarks: Both hosts emphasize the importance of open discussions about money, breaking societal taboos to foster financial literacy and responsibility.
Notable Quotes
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Andrew Bachman:
"Made her a quarter of a million dollars in a month." [06:00]
"This doctor gave me the principles that I now live my life by." [08:00]
"If my business went away tomorrow, I've said this to you before, I'm smiling." [11:02]
"I want to fix homelessness. I laid out an entire business plan of how to do it." [35:08]
"I don't take. You know, I run everything on what's called a zero percent charity." [36:24] -
Dan Fleyshman:
"You're going to make 1/1,000th the revenue." [11:50]
"I have 40 employees in my card stores, exactly, doing 1/1000th of the revenue that these guys are doing." [11:50]
"It's important to talk about money because we grew up thinking it's rude to talk about money." [43:40]
Conclusion
Episode 125 of "The Money Mondays" offers an in-depth exploration of Andrew Bachman's remarkable ascent in the entrepreneurial world. From overcoming personal struggles to building a billion-dollar company, Andrew's story is both inspiring and instructive. The dialogue between Andrew and Dan provides valuable insights into effective business strategies, prudent investment practices, personal well-being, and the significance of efficient charitable efforts. This episode is a must-listen for aspiring entrepreneurs, influencers, and anyone interested in the nuanced journey of building and sustaining wealth while making a positive societal impact.
Connect with Andrew Bachman and Creators Inc.:
Instagram: Creators Inc.
Join the Conversation:
Engage in discussions about money, investment, and charity with friends, family, and followers. Break the taboo surrounding financial conversations and empower yourself with knowledge.
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