DiscoverBehind Their Success: Advice For Entrepreneurs112: What Losing $147,000 Taught This Entrepreneur About Wealth and Self-Worth
112: What Losing $147,000 Taught This Entrepreneur About Wealth and Self-Worth

112: What Losing $147,000 Taught This Entrepreneur About Wealth and Self-Worth

Update: 2025-10-20
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Imagine losing your entire fortune before you could legally drink… and then rebuilding a multimillion-dollar business by 21. That’s exactly what today’s guest, Andrew McNair, did. From setbacks to success, he’s built an empire grounded in purpose, faith, and financial wisdom.

Today we dive deep into how Andrew turned failure into fuel — and how you can do the same.

💡 What You’ll Learn:
How Andrew went from broke teenager to multimillionaire by age 21.
Why true wealth isn’t about your net worth — it’s about your self-worth.
The critical difference between building wealth and keeping wealth through diversification.
Why every entrepreneur needs a succession and exit plan (even if you never plan to sell).
The mindset shift from “owning your job” to owning a scalable business.
How faith and generosity can amplify your financial and personal growth.
The surprising way Andrew uses AI and classic business wisdom to think strategically.
The daily routines that keep successful entrepreneurs mentally sharp and spiritually grounded.

Episode Highlights:
The Rich Dad Poor Dad lesson that changed Andrew’s financial destiny.
How losing $147,000 became the best personal development experience of his life.
The philosophy behind SWAN Capital (“Sleep Well At Night Capital”) and true wealth management.
Why profit first and purpose always is a winning formula for entrepreneurs.
How aligning your business with your beliefs creates authentic, lasting success.

About Today’s Guest:
Andrew McNair is a bestselling author, wealth advisor, and host of the Rich, Young, and Powerful podcast.
He’s the founder of SWAN Capital, where he helps families and business owners create generational wealth through smart finance, philanthropy, and purposeful living.

📘 Check out Andrew’s book The Giving Crisis: From Greedy to Generous — where he shares how he gave away most of his net worth and half of his firm’s profits to live out his values.

🎧 Listen to Rich, Young, and Powerful on Spotify or Apple Podcasts
🌐 Learn more at swan-capital.com

💼 About Paden Squires & Squires Tax Planning:

This episode is hosted by Paden Squires, CPA, founder of Squires Tax Planning— a firm dedicated to helping entrepreneurs and high-income earners legally and ethically pay the least amount of tax possible through proactive tax strategy and financial planning.

If you’re an entrepreneur tired of just “tax prep” and want real tax planning that grows your wealth, visit squirestaxplanning.com
to take the free tax assessment or book a discovery call.

🙌 Connect & Continue the Conversation:

🎧 Listen to more episodes of Behind Their Success wherever you get your podcasts.

🌐 Follow Paden on social media or visit paden­squires.com
for tips on entrepreneurship, finance, and personal development.

📩 Don’t forget to subscribe, rate, and share this episode — it helps us reach more purpose-driven entrepreneurs like you.
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112: What Losing $147,000 Taught This Entrepreneur About Wealth and Self-Worth

112: What Losing $147,000 Taught This Entrepreneur About Wealth and Self-Worth