The Corey Wadden Interview – Man Who Plans To Become Millionaire By 25

I had the pleasure of interviewing another young, aspiring entrepreneur named Corey Wadden. I heard about him and his journey about 4-5 months ago on Twitter and have been following him closely ever since.

 

 

In short, Corey Wadden created a challenge to earn 1 Million Dollars in 2 years. Currently, he’s just completing his first year. I was able to grab him for an interview to talk about this challenge and more.

 

 

1. Tell us a little bit about yourself, your age, your goals, and what you’ve done in the past and what you’re doing now.

 

I’m 24 years old. Family is from Cape Breton Island, Nova Scotia, Canada. I was raised by a single mom, grew up below the poverty line. We weren’t pushed to do formal education, just more about making to the next day.

 

 

I took work at door to door sales and skipped college to help out. It got to a point where I wasn’t getting anywhere fast enough and then this challenge came to be. Once and for all, a way to retire my mom so I can go pursue acting with a clear conscience and some passive income to live off.

 

 

I’ve done acting on stage, every job you can think of including Pizza Hut, Mcdonalds, factories, sales (door to door), sales coaching, etc. I’m now working with my partner, Saba Mirzaagha on our mobile applicationscompanies and an eBook business.

 

 

2. So I heard about this Millionaire by 25 project and thought it was the greatest idea ever! Tell us a bit about that.

 

Thanks, man! Yeah, it was the straw that broke the camel’s back. It was something that came out of desperation and inspiration. As mentioned above, I needed a way to retire my mom so I could pursue my passion of acting without stress and so I set a two year challenge to do it.

 

 

I decided to self-document the whole thing and turn it into a documentary. A lot of people will watch it for entertainment value, and maybe a little inspiration, but I’m making it for the kids (and adults) who didn’t have access to a lot of opportunities, or positive influences. I want to show them that they can do anything they set their minds to with the right tool-set and mindset.

 

 

It’s turned into something that I didn’t anticipate. It’s become this movement of young and inspired people who want to tackle a large goal – even if it’s not monetary. It’s a satisfying feeling to know that something you create is inspiring change within people. It’s important to me that young people in particular take notice, because it’s the youth that have the power to change the lives of themselves, their families and eventually the world.

 

 

3. How do you plan to achieve $1 Million Dollars+ in less than 2 years?

 

At the beginning, I had no idea. I set off on a country wide journey to interview entrepreneurs and get guidance on how to do it. I only knew one millionaire – my former sales boss. I went to Ottawa to meet with him and asked for a referral after it was over. It’s been connecting those dots and finding my own way within their advice.

 

 

I started off with Network Marketing, and then a fashion line and website and eventually settled into what I’m doing now, and what I will continue doing until the end of the challenge (and beyond). Apps for smartphones and eBooks for the Kindle device.

 

 

4. How close to your goal are you now?

 

I’ve earned $67,000 and change. I’m halfway through. It’s exactly where I expected to be. Now it’s about massive action and growing this app business and eBook business beyond any competition in the market.

 

 

5. What are some things you’re mainly focusing on and doing right now?

 

As of now, there are three things I’m focusing on. I’m heading to San Francisco for three months to tackle the first, which is connecting with media influencers, bloggers and mainstream press. I want to set up large exposure for my challenge and our app/eBook business. After meeting Tim Ferris and Noah Kagan, they suggested I establish connections months in advance. The success of our app/ebook business largely depends on exposure.

 

 

Second, we’re working all hours of the day/night to build a massive volume of apps/eBooks for the last 12 months. It’s a two man operation and we work from everywhere we can. It’s not uncommon to find me sleeping in a car, or working out of cafe’s. The goal is 100 apps and 100 eBooks over the next 12 months. Anyone who’s in the industry knows how ridiculous that sounds.

 

 

Last, absorbing as much knowledge as I can. I read one book per week and listen to one eBook per week. That equals 5 books per month. After realizing what I’m building, I want to be prepared for when this is over. I have a lot planned over the next 5 years. I want to create a paradigm shift in societies perception of the youth and their potential. I won’t disclose too much this early on, but if you thought this challenge was a big goal, you’ll be surprised at what’s coming after.

 

 

6. What inspired you to set off on such a unique journey?

 

The inspiration was being poor. That’s the biggest inspiration. I’ve always marched to the beat of my own drum, and one day, I knew there had to be a more effective and efficient way of getting out of it. I felt a responsibility to retire my family, because if I didn’t and didn’t soon, they would be in trouble.

 

 

7. What have you learned so far?

 

1. Think bigger. The biggest limiting factor is thinking too small. Take your goals and apply the 10x principle to them – set your goal 10x higher than your original goal and take 10x the action to achieve it.

 

 

2.. Have a definiteness of purpose. If you don’t know your purpose, your passions, your ‘why’, stop everything you’re doing and take as long as it takes to figure that out. You have to be working towards something that’s in line with those things, otherwise you are drifting.

 

 

3. You are better than you could ever imagine – You may look up to people, or idolize them, but you could be friends with them in a year with massive action. You can be on a comparable level, or even surpass them. Once you figure out what you’re working towards, and it’s a big enough goal, and you take massive action towards it – you will transform yourself and soon become the person that other people look up to. There is little to no difference in ability between you and the person you want to become. I say that with 100% certainty. It’s about taking lessons 1 and 2 and implementing them consistently and you will be amazed.

 

8. What has been your proudest accomplishment to date or most memorable thing that has taken place?

 

My proudest accomplishment was meeting Tim Ferris, without a doubt. His first book, The 4 Hour Work Week was one of the two original books recommended to me by my first entrepreneur interview with my former boss, Ben Stewart. I read it straight away and knew that he was someone I wanted guidance from on my journey. I put pen to paper in June and in November, I won a contest and made it a reality.

 

 

9. How many hours a day do you work currently?

 

12-18 hours

 

 

10. What is one ‘unique’ or ‘crazy’ thing about you that many other people don’t know about?

I fully believe I will change the world, and I’m giving myself until age 40 to do it.

 

 

11. Why do you think more people aren’t aiming for large goals like yours?

We are in an information age, and every answer we desire is at our fingertips here in North America. We grow up being taught things by our parent(s) and then from our schools and we rarely seek out information on our own accord. This is both a huge opportunity and set back at the same time. Opportunity, because very few realize the potential that being one of the few possesses. Set back, because all of the answers one needs come through self-education. It’s a serious shame that we are not breeding young, critical thinkers and problem solvers who actively seek out information beyond what is taught to them. Our school systems are too outdated.

 

 

12. Any last words for the aspiring entrepreneur?

 

You are the change in the world. Without you, there is no progression. You are the quintessential ingredient to change. Value your potential, but more importantly, use it.

 

 

Conclusion

 

As you can see, Corey is on a journey unlike any other. As an aspiring young entrepreneur myself, I really connected with Corey and understand the hardships he is going through trying to earn 1 Million Dollars in such a short span.

 

 

If you want to connect with Corey or follow his challenge, here’s how you can do it:

 

 

Website – www.MillionaireBy25.com

Facebook – www.Facebook.com/MillionaireBy25

Twitter – www.Twitter.com/MillionaireBy25

Youtube – www.Youtube.com/MrMillby25