Some of you may or may not be familiar with the runaway hit show on Discovery called, “Gold Rush.” I stumbled onto this show in the first season in a hotel room in Washington, DC on a business trip and since then I have been hooked. During the fourth season of the show, which just ended, Parker Schnabel, a teenager who skipped college and went to the Klondike region of Alaska to mine for gold, recently made over a million dollars last summer mining for gold. This is quite incredible in my view.
How did Parker do it? How did he make over a million dollars through gold mining?1. Legacy & Place
Parker comes from a family where he grew up around his grandpa, John, who has mined gold in Alaska throughout his life. You are who you hang around right? Parker is a great example of someone who was influenced by who he was hanging around. I am sure Parker spent many summers at his grandpa’s mine and learned much about how to mine gold in Alaska. His grandpa, John Schnabel, is an amazing man, who, at age 90+, still helps Parker out with advice and motivation. More on that later. Parker was born into a great family with a legacy of hard work, and affinity for gold mining. This is a big part of his success.
2. Mentors & Coaching
During the second and third season of Gold Rush, Parker took over his grandpa John’s Big Nugget Mine near his hometown in Alaska. He mined out this claim and had a big decision to make this year, whether he would go to college or find another place to mine for gold. What did he do? He got connected to a mining legend in the Klondike, Tony Beets. Tony owns many plots of land that can be mined in that region. Tony and Parker worked out a deal where Parker would give Tony a percentage of whatever gold he was able to pull out of the ground.
Parker then also received mentoring and coaching from Tony Beets throughout his time mining in the Klondike. Tony did not pull any punches and told Parker what he needed to hear at the right time during the season in order for Parker not to settle and keep pushing towards his gold...