Welcome back to The Wealthy Way! In today’s episode, I have Abraham Gray with me. This guy is a true powerhouse in the entrepreneurial world, having launched over 100 businesses and made his first million by the age of 19.
We kick things off by diving into Abraham’s fascinating background. He’s done it all, from trendy businesses like axe throwing and escape rooms to serious investments in real estate. He shares the ins and outs of how he navigated these ventures and what it takes to succeed in a competitive landscape.
One of the most interesting parts of our conversation is when we discuss the difference between buying and building businesses. Abraham breaks down his strategies and insights, giving you a behind-the-scenes look at what it really takes to grow a successful company. We also explore his experience in the lending business and the valuable lessons he’s learned along the way.
Abraham isn’t shy about sharing his thoughts on investment opportunities, including gold and hard money lending. If you’re looking for tips on how to make money during a recession, he has some solid advice on pivoting strategies to thrive when the economy isn’t cooperating.
We also tackle the topic of failure in business. Abraham believes that embracing failure is crucial for growth, and he shares his own experiences of overcoming challenges. This episode is not just about making money; it’s about building resilience and learning from setbacks.
As we wrap up, we discuss the importance of branding and how it can set your business apart. Abraham shares his all-in strategy for achieving 10x growth, giving you the tools to scale your own ventures effectively.
Whether you’re an aspiring entrepreneur or a seasoned pro, this episode is packed with insights that will inspire you to take your business to the next level.
Connect with Abraham:
IG: https://www.instagram.com/abrahamgrayofficial
YouTube: @abrahamgray
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Chapters
00:00 – Intro
00:54 – Who is Abraham?
01:46 – How Does Real Estate Compare to Business?
04:05 – What Businesses Does Abraham Own?
08:19 – How Does Abraham’s Lending Business Work?
10:38 – What Are Gold Investment Strategies?
14:57 – How Safe Is Hard Money Lending?
17:10 – What Are Payday Loans and Pawn Shops?
19:53 – What’s the Difference Between Trendy Businesses and Long-Term Success?
21:40 – How Do You Know When to Exit a Business?
23:40 – How Can You Embrace Business Failure?
25:20 – How Do Luck and Skill Impact Business Success?
28:35 – What Are the Current Business Trends?
29:30 – Why Is Diversification Important?
30:50 – How Do You Make Money During a Recession?
36:05 – How Can You Adapt to Market Shifts?
37:05 – What Are Predictions for 2025?
37:55 – How Does an Education Business Perform in a Recession?
40:35 – What Can We Learn from Alex Hormozi’s Business Programs?
42:07 – What Are the Main Causes of Business Failure?
44:10 – How Do Internal and External Factors Impact Business Failure?
46:03 – What Is the Most Important Business Skill?
48:50 – Why Is Branding Crucial in Business?
49:50 – What Is Ryan’s Cash Flow Creation Method?
50:44 – How Do You Start Your Business Journey?
52:10 – How Can You Deal with Business Failure?
54:37 – What Is Ryan’s Approach to Growth?
56:34 – What Is Ryan’s Online Business Strategy?
58:28 – How Do You Scale Real Estate Investments?
01:02:05 – What Are the Benefits of Starting Businesses as MVPs?
01:04:35 – How Do You Evaluate Business Ideas?
01:05:41 – How Do You Manage Multiple Ventures?
01:09:26 – What Does Abraham Do in His Free Time?
01:10:30 – How Many Deals Does Abraham Acquire Monthly?
01:13:17 – How Do You Find Real Estate Deals?
01:15:00 – How Do Effective Direct Mail Campaigns Work?
01:19:58 – How Do You Achieve a 100% Open Rate?
01:25:41 – What Are Abraham’s Future Plans?
01:26:49 – Why Is Investing in Sports Cards Popular?
01:28:10 – What’s the Deal with Collecting Beanie Babies?
01:30:07 – How Do You Choose Names for Your Kids?
01:33:10 – How Do You Build Recurring Revenue?
01:36:00 – Where Can You Find Abraham?