Asking ASIAN Millionaires How To Become Successful

what's up everyone so in today's video we're asking Asian millionaires how to become successful so yes in case you're wondering I am Asian myself I think it's always inspirational to see other people that look similar to me crush it in life behind me we have a 2017 Audi R8 spider one of my absolute dream cars has 540 horsepower because 0-60 in 3.3 seconds and yeah the sounds almost naturally aspirated V10 are insane if you guys want some free stocks I'll be leaving links down below to Weevil and MooMoo right now they're giving you tons of free money when you open up an account and make your first deposit I'm so excited to meet today's guest let's go [Music] so what's your name Age and what do you do my name is Aaron P Wong Aeron I'm a 34. I'm an entrepreneur and an aspiring musician I went to school for industrial design and business I wanted to do something with my design background so I went to work for an early stage startup there is where I met my current co-founder and and together in 2016 we started a growth Venture business called super 73 we make electric bikes and electric motorcycles and today we sell our products in over 50 countries are your parents proud of you today I think so so when they came over to the United States like a lot of Asian American families from that generation they sacrificed a lot for my sister and I to have a good life a lot of what I do today is because I feel like I can't waste the opportunity that you know they created how has being Asian affected your success today it just wasn't easy for my parents seeing what they had to go through and struggle for it I didn't understand it when I was younger but later on in life you know I realized that not a whole lot of people get this kind of opportunity what's a piece of popular advice that you actually disagree with do something you love every single day and you'll never have to work a day in your life I think it's a much better approach to try to fall in love with the process of work the UPS the Downs all of it how do you invest your money so the majority of my investment are in my business after that I have stocks I have a 401k I have some cryptocurrency next year I'm getting into real estate and foreign markets and how do you invest your money into your business like what does that mean all the money that we had made we reinvested into the business we did that for multiple Years and we're still doing that today we reinvest into the team into the resources for research and development new product development so what's a daily non-negotiable habit that you do that everyone should try out if you're able to do something active every single day whatever it is run walk dance do sit up swim movement is everything I know Asians are like known to be very frugal but what is something that you will never be frugal okay first of all this is stereotype what applies to me so it's true the two things I will not skimp out on I won't skimp on experiences that I know are going to be great core memories and the second one is if you have the ability to host or if you get to host don't skimp out on the food it just looks tacky name a book that changed your life personally a book that changed my life is atomic habits James clear the little habits compound and can make the biggest effects if you have a long-term vision what makes you happy doing what I want when I want with the people I care about can you leave us with your biggest piece of advice for anyone that's Asian or I guess anyone in general really make time for self-love I think spending time meditating or it doesn't even have to be meditation if you're not really into that but in Stillness with your own thoughts very powerful I recently started journaling for me that's now a non-negotiable in my morning routine it's an amazing way to get your thoughts out and to have a conversation with yourself what is the ultimate thing you would want for your viewers to get out of this video the biggest takeaway is inspiring people to start I think a lot of people watching this video are you know looking for advice on going a more non-traditional route you don't need to be a lawyer just because your parents want you to you can like work on other things and make a great living out of it and enjoy your life I really love what you said about just start because you're never going to be ready never going to be perfect everything that you started like you weren't fully prepared right never you learned as you did yeah and I think ignorance can can be your best friend it gives you a huge Advantage when you go into something you don't know what you're doing because you just should just try it all what's the worst that's going to happen exactly don't be afraid of failing you want to aim to fail very quickly and just repeat if your dreams don't scare you they're not big enough so my name is nam I'm 32 I'll make personal finance content morally so towards like credit credit rebuilding credit repair things of that sort and how is growing up Asian affected your success today when there was tasks or anything that had to be done my mom would always put that on me like a seven eight year old kid you know I had a lot of like adult responsibilities growing up I think that kind of set me apart to other my peers Growing Up So what's a popular piece of advice that you actually disagree with the common advice is like practice makes perfect I honestly disagree that because like I think perfect practice makes perfect I think that you have to do things repetitively but also learn what you're doing wrong to make that practice worth it right because I think consciously being aware of what you're trying to do and trying to build upon that that's what is going to make that practice worth of it whether it's been your biggest failure and what'd you learn from that I always wanted to do a YouTube channel you know like ever since I was like a teenager right like back in the day when YouTube was like late 2000 I was always kind of putting it on the back burner and also I always cared about what kind of people would have thought like think about me me doing something like this so I think that's the biggest failure just holding like my own thoughts holding me back and plus what others would think about me what's been the biggest thing you've done for your YouTube channel to see success learning what the trends are compared to what you're really audience wants to watch you can make videos what you like to watch but that's only one view right if you want to grow and get a lot of views and things like that you got to really think in the eyes of the audience and what they want to watch and how can you make content that you like for them that they would want to watch anything else you want to share whatever you do in life just give it a try it doesn't matter man like whether you fail or not I think at least you know that you gave it a go you know you don't want to wait five ten years regretting something that you wish you'd done I always kind of wish I'd done things earlier but I started now right so it's never too late to start anything so my name is Samantha Chan I'm 25 years old I'm a professional race car driver team owner of Samantha tan racing and str38 Motorsports so tell me how you got to where you are today in 30 seconds or less it really was a combination of having an incredible support system finding the right people to get me where I wanted to go and just a you know dedication to all of my goals what was the process of like becoming a professional driver I moved from Canada to the US here because of college but also because the Motorsport industry here is so much bigger there's so much more opportunity and just more opportunities for funding as well and sponsorship and then I started working with BMW in 2017 bought those new BMW m235 IRS and that's the exact same year I started my own racing team oh your parents proud of you I hope so I know I did pursue an untraditional career path sorry Mom and Dad for not becoming a doctor like he wanted but you know my dad was one of the biggest reasons why I got into racing like he's kind of living vicariously through me so how's growing up Asian affected your success today some of my earliest memories is like you know getting home after school having to sit down do all my homework and then do Kumon right after that and you know sometimes being yelled at for not getting the math questions correct but you know that brought about a lot of you know values like hard work determination persistence and especially my parents they came to Canada to give their kids a better life yeah you know and I hope to repay them in the future what has been your biggest failure and what'd you learn from it I hit a wall in 2017 it was the biggest crash of my entire career hit a walled 100 miles per hour and it just like it absolutely shattered me both in the literal sense I sprained my ankle it wasn't too bad I got a car I was fine but the mental aspect of it just my self-confidence my motivation was just absolutely ruined by that and it really had me questioning a lot of things yeah what's something that you'll never cheap out on food I'm a big foodie obviously it's something that you do every day you might as well enjoy it right can you leave us with your biggest piece of advice for anyone that's Asian or just anyone in general I think it's really easy for me to say but follow your passions do what makes you happy it's something that my dad you know always told me to do and I'm I'm incredibly grateful to have had supportive parents that you know have encouraged me to do what I love I can sympathize with you know the people who don't unfortunately have that so I just want you to have faith in yourself know that you can Define yourself on your own terms I hope you guys are enjoying the video I just want to let you guys know quickly about hustle Club this is my free entrepreneurial newsletter that goes out once per week and it teaches you how to become a better entrepreneur in 30 minutes or less and yeah in each email we talk about different size ideas a personal message from me as well as top takeaways from one of my favorite books that's it let's get back to the memories so what's your name Age and what you do Joe Chow 30 years old and I own a shoe business our Niche is that we make shoes for the powerful community so it's a very Niche Footwear and it was tailored towards for delips which is one of the disciplines for parallel can you tell me how you got to where you are today my background's in business I went to school for business worked I was a competitive power offer and there wasn't a Footwear in the market that tailored towards what I needed so I just created my own when was that that was back in 2018 now are your parents proud of you I would say so back then obviously as any Asian parent they're like why are you going to business you should become an engineer or you should go to med school but after they saw how the business took off and I was able to take care of my family you know they're pretty happy where I'm at now so how is growing up Asian affected your success today my parents never pressured me they were very understanding they only cared about you know us being good people but there was some sort of expectation but they never really pressured us what's a popular piece of advice that you actually disagree with you know a lot of people say you know try to get as much passive income as they come in so many different revenue streams I agree to it to an extent but for me I've always been Go full fledged on one thing that you have a passion on and you know that can be successful put all your eggs in one basket once that's bulletproof then you move on to the next business venture you want to get into but you just know that there's always competition out there so you can't always like let go of the gas how do you invest your money well majority of the money sits in the business bank we reinvest a lot back into the business whether it be in marketing r d bringing new people on board that has skill sets that we don't have as a team that's something that you will never keep out on never Frugal on food I think growing up my parents did the best to provide for us I mean food affects life in food in regards to social Gatherings right or food for buying high quality food so you can stay thin healthy especially when you're young and trying to preserve your youth it's not about trying to save money it's more of how you can make more money if you have the vision of making more money it can grow exponentially but if you focus on trying to nickel and dime everything that you can save as a very fixed amount can you leave us with your biggest piece of advice for any Asians out there or pretty much anyone chase Your Passion I've known so many people who are in a medical field and they went through the whole process because of pressure from their parents or pressure from society so just do what you love because at the end that you're gonna be doing it for the rest of your life my name is Marlene Danver I'm 46 and I own and run Seashore Academy and 30 seconds or less can you tell me like how you got to this point a lot of failure I started this a little business at my kitchen table and it was a tiny little business for a number of years and then completely changed the business three years ago and now have people who are much better qualified than I am to to run it day to day so what type of school is it it's a K-8 Monday through Friday with customizable options nine to three so people can come three days a week four days a week two days a week and we offer financial planning parents can customize their kids week based on how many days they want to be at home how many days they want to be at school are your parents proud of you it's funny you know they were disappointed in me for a number of years but kind of when I ended up doing what I wanted to do and it worked out then they're proud what's a popular piece of advice that you actually disagree with have a business plan have a whole bunch of savings saved up before you start a business I didn't have anything in savings when I started a business sometimes you just gotta start with where you with what you have and what you got what's a daily non-negotiable habit that you have that you think other people should try I pray all miracles have come through him so that that is something that I I do first thing in the morning the other thing I do is exercise every day what is something that you will never cheap out on food I really like nice food I really like to feed my family nice food my friends nice food what's your best trait that helped you with your success you know one of my running coaches Joey once he was like you know we're only knew no talent but you do work hard can you leave us with your biggest piece of advice for anyone that's Asian or just anyone in general just start with what you have now you know it's always this oh I got a plan I gotta like quit my job first or I got to get to a certain amount of savings or I gotta have the perfect business plan or the perfect partner or just you know anybody can start a business if it's if it's selling stuff on Etsy you know you can start small and make five dollars you know that's that's a business and then you can kind of pick it up the first marathon Iran started with just getting out the door and jogging a mile right so just start my name is Kevin pack I'm 26 years old I'd say I'm a Serial entrepreneur in the e-commerce space what do you exactly do with your business right now so my main businesses are my Amazon FBA business which is where I sell products on Amazon and I also have a mentorship program with a business partner who also sells on Amazon he's a eight-figure seller so we built a program that helps people start and scale up their Amazon business are your parents proud of you my mom is very proud of me I've been grateful enough to be able to take care of her and give back to her as much as I can as soon as I started making some real money she's showing me how appreciative she is of that as well so how's growing up Asian affected your success today I think it had its pros because it showed me that like I kind of have to work hard there's no other option but to work hard to be able to make a good living for myself the cons of it is that there's certain expectations and a path that they'd want you to follow and if you Veer off of it you're going to get a lot of judgment that was probably a big conflict growing up Asian and especially trying to be an entrepreneur as well they won't support you until you have something to prove until you actually make money let's say popular piece of advice that you actually disagree with I'm not a big fan of saving money I'm a big believer and you should use your money and utilize it for different opportunities to make more money instead and I think people who save just for the sake of saving is just wasting it away because at the end of the day money is just a tool that we can use money itself is the most important thing it's what you do with your money that's going to be the most important thing so if it just sits there I don't think that you're making good use of the hard work that you're putting into it how do you invest your money so we like to think of ourselves as reinvesting our money into the business business so that is always number one is putting our money back into the business and seeing what more we can do to grow it investing into ourselves as well so that means learning from other people who are where we want to be that's will put our money into so what's been your biggest failure and what'd you learn from it it was my first year of doing Amazon FBA and this is where I failed like three products in that year I probably lost like over ten thousand dollars I was a College Dropout at the time I only had like my personal training job so I wasn't making a huge amount of money so it was definitely more of a hit on me but from there I learned something very important which was because after that year my next product is what really took off and that's what taught me basically you know it doesn't matter how many times you failed all you need to do is get it right one time and then from there you can roll further and further and further into success what's a daily non-negotiable habit you do that people should try out I'm a big shower in the morning person some people don't shower in the morning which is fine but I have to shower in the morning like that is like what gets me up and gets me energized I'm not really a cold shower kind of guy I just like to take a nice hot shower and that kind of gets me going what's something that you do personally that you don't think a lot of other people do I'm very big on like physically challenging myself so I'm a big like gym goer but I'm I've always been competitive in that sense so like I've been a competitive powerlifter for many many years of competitive weightlifter I'm now doing Muay Thai what is your best trait that helped you with your success today that's got to be my discipline for sure it has to be my discipline the my discipline has helped me go through like all the dark times that I went through all the times that I thought I wasn't gonna make it I thought I wasn't going to be anybody the discipline for sure and and that all stemmed from working out consistently as well and what's a piece of advice you want to leave the audience I think the biggest thing is you need to bet on yourself and commit to yourself as well that's the that's the biggest thing is you gotta be able to commit to yourself and believe in your own path no matter what anyone else says but if you're gonna do that you need to back it up with all the work behind it and all the discipline that's required you got to be prepared for all that if you're going to take on your own path especially as an entrepreneur like No One's Gonna that's gonna back you up you have to be able to stand on your own two feet and so it's super important that you you believe in yourself and you back it up with the work behind it are you not sure the most you've ever made in one month the most I've ever made in one month has been 275k net guys I really hope you enjoyed the video this episode's really special for me because growing up I didn't really have that many role models that look like me especially in the business world right so that's why I didn't know I could become an entrepreneur so I really hope that this video can do that for you comment below what you guys thought yeah if you guys enjoyed the video make sure to hit that like button and also subscribe for more content just like this I do a ton of videos about personal finance entrepreneurship and investing yeah my whole goal is to help you guys become more financially successful thanks for your time I'll see you in the next video peace foreign [Music]

Channel: Charlie Chang

Views: 293,386

Keywords: asking asian millionaires, asking strangers, asking entrepreneurs, entrepreneurship ideas, what do you do for a living, how to become a millionaire, how to make money, personal finance, charlie chang, entrepreneur interviews

Id: t6QHgNEtO5M

Length: 17min 40sec (1060 seconds)

Published: Mon Dec 12 2022