Omar ZenhomAward Winning Entrepreneur. Founder of The $100 MBA & WebinarNinja.

Matt Fiddes’ Advice For Aspiring Entrepreneurs

5 Dec 2025 · 1 min

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1:01

Short excerpt from a YouTube interview (Omar Zenhom upload) in which an interviewer asks Matt Fiddes for advice for a young person trying to earn money and build long-term wealth. Fiddes distinguishes earning income from building wealth (wealth grows over time via capital growth and passive income, e.g., real estate), emphasizes focusing on profit (targeting six- to seven-figure profit rather than gross revenue), and warns to take advice only from people who earn more than you.

Questions this video answers

Six- to seven-figure profit.

Only take advice from people who earn more than you.

Chapters

If there's some young kid in downtown London or New York or Sydney or whatever who's just like, hey, I'm just trying to figure this all out. I'm trying to, you know, make a few bucks so that I can not be late on my rent. What advice would you give this person to be like, okay, how do I build this wealth? How do I build my network? How do I build this life that Matt did?
Okay, it's quite a loaded question. I'll do my best to condense it. I know this is going to be important to a lot of listeners. Earning a big income is different to building wealth. Wealth is something that grows in time. That's like real estate, capital growth, etc. Passive income. Income is quite easy to generate, so you need to be earning six to seven figures. Profit, not gross. Gross is ego is vanity. Profit is sanity. You gotta be careful who you listen to. So make sure whoever you take advice from this may seem Darren good. It's the way it is. Make sure you only take advice from people who earn more than you.