How to earn
1 Million In Singapore
Meet The $30 Million Dollar 23 Year Old (How He Did It)
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what if you woke up tomorrow and you
realize you were in your early 20s
and you became a multi-multi-millionaire
how would you even get there
i don't know the answer to that question
but
[Music]
together we're gonna find out
[Music]
hi my name is andre jake i hope you're
doing well and today i got the chance to
talk to somebody who
in their 20s while going to college has
made
more money than i will make in my entire
lifetime times three
because he has made tens of millions of
dollars
and i wanted to ask him how did you do
it is this something we could replicate
how did this affect your life but out of
respect and privacy to my guest's
identity
i verified him ahead of time but this is
only a phone call between us
but i hope you enjoy it anyway hi how
you doing i'm good how are you
good man um what's your only fan's
account
[Music]
how much money do you have and well like
what's your net worth so i don't know
like exactly but it's roughly 30 million
usd
oh that's when you know you've made it
it's like uh stop keeping track
after the first couple million how old
are you
i'm 23 years old 23
and just for reference by the way the
average u.s person with a bachelor's
degree or higher
will earn around 1.8 million dollars
working their entire lifetime
not counting taxes so after doing this
and saving for decades
the median net worth of a retiree will
be around two hundred thousand dollars
so the next question i ask is how can i
be like you gypsy
uh so i was 21 when i
experienced like i would say like the
biggest windfall okay
yeah so in terms of like trying to be
like me
really i think the biggest takeaway that
i had
from this entire experience is that
it's totally not replicable like i don't
think you can read a book about how
steve jobs became steve jobs or jeff
bezos became jeff bezos
and decide you're going to copy exactly
what they did
and replicate exactly what they have
it's just not
feasible because there's so many things
in the world that are completely outside
of our control
that at a certain point you know you
just need to get lucky
i think that's definitely what happened
to me yeah how did you make your money
then
honestly there were like three major
wind flows that kind of compounded on
top of each other
okay i will say that for like the last
windfall which is
you know obviously the most substantial
one uh it was
a like a private investment that was
actually sourced to me
from my father uh so like that kind of
goes into the
idea that we were talking a little bit
about before
where it's really difficult to attribute
anything to pure you know
hard work pure like meritocracy uh
because
if he wasn't my father if he didn't give
me that deal
i definitely would not be talking to you
and you know
who knows like where i could be like
maybe like a bunch of other things could
have gone wrong
but you know in the end things just
worked out the way that they did
at least in this case it was definitely
more luck than anything now believe it
or not
his family are first generation
immigrants and as a first generation
immigrant myself i wanted to ask
where did my parents go wrong in other
words how did his dad get a job
that paid him so much yeah i mean i'll
definitely say that like
in my father's case it was also
definitely
extremely lucky as well he started his
own company in the late 90s
basically having worked on wall street
and 4a like a very large
consulting firm in new york city okay
and
uh he worked there he grinded there
actually the thing that convinced him
to quit his job was his boss being fired
because you know for a really long time
he had thought
this is the path to financial stability
you know work hard
do well at your job get promoted climb
the corporate ladder
but then when he saw his boss go from
someone who was you know seemingly on
top of the world something that he
really
deeply respected to someone that was
asking him
to go to the office to get his glasses
for him his entire perspective kind of
changed
and so from that point he decided that
he never wanted to be in that position
he wanted to be his own boss
he started a like a software as a
service company
and he ended up selling it in 2006.
what was your dad's skill set that
allowed him to move to a different
country and get the position that he had
honestly he had a very very
limited grasp of the english language
frankly he probably
could barely speak any so you know it's
a big question mark to me how he was
even able to come to america yeah you
know like at that time the country that
he came from
was very impoverished very poor and
you know he was fortunate to have gone
to
you know one of the top universities in
his country
and so like because of that he had a
really unique opportunity to come to the
united states
for a phd that was completely funded by
the university
and they gave him a stipend with money
that he could send back home his parents
right so for him it was really a
no-brainer uh his undergrad
and his phd was in physics so i think
really more than anything it was just
you know work ethic one and two being
lucky enough to be in the right place at
the right time now how much of that
success or even his parents success can
be attributed to luck
versus hard work yeah so i want to be
careful about this because i think
sometimes
people get the wrong idea right
personally
i do think that 99 of everything that i
have
everything that my parents have comes
down to luck
but at the same time i don't think you
need to worry about
being lucky you know like you shouldn't
let like the idea that you need to be
lucky
discourage you from working hard because
for me
i have this underlying belief hard work
is ultimately what determines the
direction of your life right
so i think no matter what someone like
bill gates or jeff bezos
they would have been wealthy regardless
you know maybe not worth
you know tens of billions hundreds of
billions of dollars
but certainly upper middle class at the
very least right as a baseline
when luck comes into play it's more
about the intensity of that success
at least that's my personal opinion
what's the point of doing anything and
working when you have tens of millions
of dollars
what more is there to life at this point
what's the point of working
this hard after this point in your life
now versus just
retiring and enjoying your millions like
what drives you
to do anything anymore at this point i
think that's a really interesting
question
and it's also one that i had when i was
in college and i met someone
whose family was extremely extremely
wealthy
perhaps like tens of billions of us
dollars he was on the forbes uh
like billionaires list this is his
father and i remember even like speaking
to my dad about it
you know like at that point what is the
point of even going to college and
trying to get a job right the big thing
that
he said to me at a certain point
sometimes it's valuable just to be
a functioning member of society and i
think that like especially goes towards
the
degree part uh definitely there's
many many paths to financial success
that don't require a college degree
actually in my opinion taking out loans
for most college degrees is
ridiculous and totally not worth it but
i think if
you're at a point where the tuition
doesn't matter
you have the luxury of time to you know
enjoy yourself i think like one the
college experience itself is
extremely meaningful and two i think
that you know for whatever reason in
many parts of society
you really need to have a college degree
you know a respectable your career to be
taken seriously
and you know unfortunately that's just
the way that the world works that's true
is college still worth it personally
i think that the price of most
u.s colleges most private u.s colleges
is ridiculous i really don't think that
it's worth it for most people
especially if you're not majoring in
like a stem
field you know if you really want to go
to college go to your local community
college go to your state college
i think the outcome will be like
relatively the same
another thing i wanted to ask is when
people ask you about money
do you keep it a secret or do you tell
people do people treat you differently
knowing that you have money like have
you noticed a difference in how
people talk to you or try to befriend
you
or try to interview for youtube videos
there are not a lot of people
that know exactly you know how much i
made
it's impossible for humans to
ignore that right so even my good
friends who
if they do know right i'm sure it's
altered their perception of me
in some way oh for sure uh yeah i mean
maybe like positive maybe negative
you know like they're still my friends
who like whatever reason they think that
i'm like some sort of investing genius
because they've had like a few
like notable high conviction investments
yeah i mean like
really at the end of the day i don't
feel any different
i i can't really say like how their
perception is changed specifically
but yeah i mean i do go out of my way to
try to keep it
on the down low a question i've always
wanted answered is does having a lot of
money
really make you happy or if you didn't
have the amount of
money that you have today would you
still find a way to find
a meaningful happy life at this point i
don't think the money itself
is something that makes me happy
i think when i'm really stressed out
about you know project i'm working on
or like whatever like there's just
something in my life that's
giving me a lot of anxiety it does feel
good to be able to like take a step back
and say even if this entire thing
explodes
and i completely mess up right
everything will be okay like i will not
my life won't be ruined i'm not going to
go out on the streets and
you know whatever like live in a
cardboard box like i have
like some foundation to support me right
so i i think in that way it's
it's more reassuring and comforting than
it is
as something that like causes me
actively to be happy
right you know having a little bit more
like financial flexibility
is really great in i guess allowing you
to pursue the things that you want to
pursue
uh definitely there's a ton of life
experiences that i
would not have if things have gone
differently in my life
is wealth inequality really a problem
and if it is
how do you think we should solve it let
me just put you on the spot and solve
the world problems now
yeah i mean it's definitely a huge
problem like especially if you go
to a major u.s cities i mean you know
i've
had the fortune to have lived both in
san francisco
uh and manhattan and new york city right
and
you know if you've ever been to like
either of those cities you know that's
insane yeah
yeah like you know if you go to san
francisco it's depressing it's
devastating
because there's so much wealth being
created there but it's obvious
that you know very very few people are
actually touching it and it's definitely
a problem that
i think about the most at least right
now as we get naive
23 year old he really does not have that
much life experience
i'm convinced that the solution is a
very very strict
tax on estates okay so after someone
passes away
i think that you know past 5 million
past 10 million
whatever the threshold is i think 100 of
all those assets
should be taxed uh the estate tax in the
us is definitely
very inefficient get rid of the step up
basis
yeah i mean step basis is like
ridiculous yeah
just to that point like you know maybe
we can keep it for
you know people that are inheriting like
whatever like a million or 200 000
right yeah exactly like inheriting like
their parents like what's left in their
parents 401k or right you know their
family home or whatever
but mitt romney's children should not be
receiving like a huge
tax benefit right their father passes
it's almost like a reset button
for your kids it's definitely a
complicated situation i mean when i was
a kid my dad told me
that he made 10 000 a year and i
actually thought that was
like a lot of money because i didn't
know anything and i didn't realize
that it was a super small until
my dad's friend said how much you want
to make when you grow up and i said
eleven thousand dollars a year
and he basically explained to me that
that was not uh an adequate amount of
money
for any anyone trying to raise a family
and the other thing i wanted to know
is if you're a teenager or 20 year old
watching this video what is one piece of
actionable advice
that anyone can use to replicate a
portion of
that success this is a piece of advice
actually that my dad gave me
when i was in high school and i really
appreciated it
a lot like it's definitely not something
that you would expect from
a traditionally strict fans he told me
that
it's so much more important in life
to find something that you're good at
than to
you know see like okay like the path to
being rich is to become
an engineer and just following someone
else's path and
following someone else's footsteps
trying to chase what they're doing
uh there's money in literally everything
your success
in literally everything like if you're
good enough at what you do
you will be successful and you will have
a good life
but if you're doing something that you
hate just because you're trying to chase
a paycheck
you're always going to lose out to the
person that actually
enjoys that job i wanted to make this
video to showcase that
maybe if you're in your 30s 40s 50s
doesn't matter and you're wondering
why haven't i found my success not to
worry about it
because for every one of those success
stories that i'm sure you've heard lots
of
there are millions of people out there
that are equally talented that equally
work as hard
that have not found that opportunity and
just when we give ourselves the credit
for our success
and that we knew it all along we're
smart and intelligent is when we
realized that
we were given circumstances in life far
beyond our control that determine
our success and some of us were given
certain head starts
that most of us will never have now i
consider myself very lucky to be born
to a family of entertainers that were
able to escape russia
to go to a country with far better
opportunities and that's an insane luck
of the draw that most people don't even
think about
so imagine how lucky we both are having
access to the internet
knowing what compound interest dividends
roth ira 401ks are
these are concepts that are foreign to
most parts of the world
and we're lucky to have financial
information and technology be so
democratized
that we just sit here on the internet
with our phones watching this video
which is crazy to me
so i don't want you to think that
everything with success has to do with
luck
because luck is nothing more than hard
work and preparation
meeting opportunity so if you haven't
found your opportunity then keep working
hard and keep preparing
and you can do that by signing up with
weeble by depositing a hundred dollars
and getting one free stock valued up to
sixteen hundred dollars
that was the smoothest transition that
i've ever done that was good i'm gonna
keep that in
you can get another free stock by
signing up for free with robin hood you
can join my free discord group
follow me on instagram i post from time
to time love you thank you so much for
watching the video
i will see you back here on monday and
friday and maybe sometimes on wednesday
bye-bye to give you an idea if you
ever meet me in person especially in new
york city
you'll see me carrying around three
refillable water bottles
because i refuse to spend four dollars
on like manhattan like 16 fluid ounces
bottles of water
yeah that summarizes it enjoy the rest
of your night man you too man
take care bye-bye
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