Although Yang found ways to make and invest money, he also invested in himself. And all of these experiences have helped him become a better content creator today, Yang said. “A lot of what I did in tech was applicable to content creation including A/B testing, marketing, psychology, and analyzing data and applying new hypotheses toward my content. Having a finance background made my content creation have a specific focus and having that credibility of being a financial advisor was important to me.”
AN ALTERNATIVE PERSPECTIVE TO FIRE
While many may be drawn to the FIRE movement (financial independence retire early), Yang said that he views it a little differently, and it was not an initial driver for him to grow his money. That’s because with FIRE, the premise is to spend as little as possible and save intensively — as much as 50% or more of your income — to have enough to leave the workforce early. “I definitely understood the principle, but for me, I actually enjoy working — I think I get a lot of fulfillment out of it,” he said, although he did see some similarities between FIRE and his personal financial goals. “I did however, want to get to a point where my investments could fund my entire life in the future, I think the “retire early” part just didn’t resonate with me.”
What does generational wealth mean to Yang?
Yang didn’t start investing with generational wealth in mind, but he said he saw the value of money early on. “While money isn’t everything in life, it does make basic needs and certain things easier,” he said. “I think having ‘generational’ wealth is something to aspire to in order to cover basic needs and make life easier not only for myself but any future offspring.”
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