Business idea · Education
Money Making Skills Academy
Money Making Skills Academy is an educational platform that focuses on teaching individuals the four essential money-making skills: selling, making, designing, and hunting. It was pitched on My First Million in the episode "How to Get Rich (without luck, talent or a trust fund)" (aired September 24, 2025).
At a glance
| Podcast | My First Million |
|---|---|
| Hosted by | Sam Parr and Shaan Puri |
| Episode | How to Get Rich (without luck, talent or a trust fund) |
| Aired | September 24, 2025 |
| Category | Education |
| Real companies on the episode | Mercury, Warren Buffett's investment approach, Alex Hormozi's business, Shopify Themes (example of a friend's business) |
The problem it solves
Many people struggle with financial literacy and do not understand how to effectively make money. This platform aims to simplify the learning process around money-making skills and provide actionable steps for wealth building.
How it makes money
Subscription-based model where users pay a monthly fee for access to courses and mentorship, or a one-time purchase for individual courses.
Skills you need
Expertise in teaching, course design, marketing, and possibly a background in finance.
The market, and why this works now
The rise of online learning platforms, supported by tools like Teachable, makes the Money Making Skills Academy viable now. A targeted first-revenue move could involve advertising on specific subreddits, such as r/personalfinance or r/entrepreneur, where users actively seek financial advice. A potential constraint is the high customer acquisition cost associated with competing in crowded online education markets, which could extend the payback window for initial investments in marketing.
Our analysis, written after the episode. Not a quote from the show.
Real companies discussed on this episode
- Mercury
A financial technology company that provides banking services for startups, designed to simplify payroll and financial management.
- Warren Buffett's investment approach
An investment strategy focused on identifying undervalued stocks through extensive research and analysis.
- Alex Hormozi's business
A business focused on selling through various content channels, including YouTube videos, books, and courses.
- Shopify Themes (example of a friend's business)
A business model where a designer creates themes for Shopify, which can be sold to multiple customers without the need for direct selling.
Where this idea came from
Podcast: My First Million, hosted by Sam Parr and Shaan Puri
Episode: How to Get Rich (without luck, talent or a trust fund)
Aired:
Summarized from the episode transcript. The show does not say which speaker raised each idea, so we credit the show, not a person.