I Am NOT Your Father! 🤯 - Peter Yong (Mr. Money TV) | E122
ฝัง
- เผยแพร่เมื่อ 5 ก.ค. 2024
- It’s time to meet the Replacement Son who refuses to drive a Porsche: Peter Yong aka @MrMoneyTV
One of Malaysia’s most beloved personal finance TH-camrs with 153k subscribers!
It’s one thing to start another TH-cam channel; quite another to turn it into a thriving 7-figure business in Southeast Asia, but Peter has done just that. And today, we dive deep & personal, touching on things like how:
🔥 Peter was born to be a replacement son, which severely affected his confidence & self-esteem
🔥 His father was a gangster!! Who taught Peter to clean his gun when he was just 5 years old?!
🔥 He thought money was evil. Until he realised it wasn’t
🔥 He was thriving in his RM 250,000/year insurance job then gave it all up & sold his BMW, to go all-in with his TH-cam channel.
Just when his son was born.
We also touch on the realities of building and running a 7-figure TH-cam business on personal finance:
🔸 Why he tells all his staff, "I am not your father!"
🔸 Why he hires 5, works 10 & pays 8;
🔸 How he creates a moat around himself;
🔸 How he's built his personal brand;
🔸 Why his staff actively tell him to NOT hire more staff!
🔸 Why his entire team knows the financials behind Mr Money TV;
🔸 Working for free & getting equity?!
🔸 His dream of building a Hershey town.
Highlights:
0:00 Introduction
3:43 Running away from death
5:48 Money isn’t important
6:25 The replacement son
10:15 Cleaning a gun at age 5?!
12:27 Surviving bullies?!
16:44 What do I do with my life?
18:21 Money isn’t evil?
24:59 Planning to x6 his income in 6 years
27:57 Being in control of money
30:45 Admitted to the hospital
31:39 Sales is the most humiliating job in the world
33:02 Making RM 250,000/year
36:09 The secret to convincing
37:11 Starting his own agency
42:18 What can make money?
46:16 Odd jobs
47:31 Drowning
52:03 The vision
55:42 Going full-time
57:36 The Porsche life?!
1:00:33 The girl & the train
*
🎙️Show notes/transcript for this episode: www.sothisismywhy.com/122
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WHO AM I:
I'm Ling Yah, a Malaysian lawyer & host/producer of the So This Is My Why, where I interview inspiring people about how they found their why, and their blueprint for turning that why into a reality. I’ve interviewed a former US Congressman, retired 4 star generals, Olympians, Michelin-starred chefs, top entrepreneurs, VCs, Hollywood actresses, and more.
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⌨️ I’d love to hear from you! Just leave a comment below or email me at sothisismywhy(at)gmail.com
Thank you Mr Money for sharing 👏👏👍
Thanks for watching!
This should have more views🎉🎉
Haha thanks! Please do share!1
1:43:58 - what's the name of the book?
I think its Donald Miller, I hope my msg helps you.
00:00 Introduction and Childhood in Kajang
02:02 Father's bankruptcy and move to PJ
03:59 Debtors after the family and the impact on Mr. Money's perspective
06:52 Family tragedy and Mr. Money's role as a replacement son
11:20 Reflections on father's passing and emotional impact
12:00 Becoming a Christian and finding closure
13:11 Career choices and struggles in university
15:00 Mindset shift towards money and business
22:38 Starting job at Gunting and specializing in organization development
24:01 Realization about income potential and considering business
26:02 Projected income in insurance business and decision to pursue it
33:43 Becoming knowledgeable in various financial topics
34:45 Approach to selling and building relationships
35:43 The art of convincing and listening
37:06 Starting own agency and the challenges faced
39:00 Midlife crisis and reevaluating career goals
41:51 Transitioning to online videos and influencer marketing
45:05 Using insurance as a launch pad for starting a business.
46:03 Taking on odd jobs while working on the business.
48:05 Receiving advice from a friend and making the decision to focus on the business full-time.
52:07 The vision of providing quality financial literacy to Malaysians.
54:59 Overcoming self-doubt and realizing that there will always be someone better.
56:59 Taking action and working hard
01:07:28 Being a Better Person and Staying Sincere
01:26:48 The hiring process and company culture
01:36:20 Evaluating Priorities and Targeting the Right Market
01:46:26 Conscious decision-making and avoiding predatory selling tactics
01:56:49 The significance of communication as a leader
02:07:10 Dreaming of creating a positive impact and helping others
02:18:43 Tattooing the Wave and the Fighter
02:19:27 Future Plans and Spending Time with Family
02:20:00 Guilty Pleasure and Favorite Food
02:20:45 Hopes for the Company and Becoming Regional Players
02:21:55 Important Qualities of a Successful Person