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53. The Millionaire Myth in Online Business
Episode 5325th July 2022 • On Your Terms • Sam Vander Wielen
00:00:00 00:25:04

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A lot of people throw around the word “millionaire” but when you look at the numbers it’s clear they are using a different definition of millionaire. My goal isn’t to trash talk business owners who call themselves millionaires, but to encourage you to be a savvy consumer—of both businesses and content—and to be aware of this when you’re looking at your own numbers and feeling like you’re behind. 

In this episode, you’ll hear…

  • 02:07 - Why this industry needs a reality check
  • 11:29 - The difference between revenue and income
  • 13:04 - Understanding net worth
  • 17:17 - Not focusing solely on revenue
  • 18:47 - Why you should hold your industry to a higher standard


In our review of the week, Karly Wannos says: “The BEST no fluff, step-by-step podcast for Entrepreneurs. Sam Vander Wielen’s podcast, On Your Terms, is an absolute must for all entrepreneurs. The episodes are not only interesting and inspiring but will walk you through step-by-step on what you need to know to operate as a small business owner or entrepreneur. This podcast and Sam’s Ultimate Bundle takes all the guess work and stress away from protecting your online business. This podcast is a total game-changer for anyone looking to start, grow or scale a business in 2022."

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Click here to find the full show notes and transcript for this episode.


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DISCLAIMER: Although Sam is an attorney she doesn’t practice law and can’t give you legal advice. All episodes of On Your Terms are educational and informational only. The information discussed here isn’t legal advice and isn’t intended to be. The info you hear here isn’t a substitute for seeking legal advice from your own attorney.


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