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I Retired Rich At Age 27…And This Is How I Did It

Today I want to share with you exactly how I retire at the age of 27 how I did it and maybe how you could do it as well you see I started very early at a young age the path of entrepreneurship I started my first business when I was in high school just with a couple of buddies mowing lawns for people in our neighborhoods that’s my very first business there are three things that I did during this time that allows me to retire young and with higher rich so the very first thing is this I focus on developing what I call high income skills my high income skills skills that allow me to bring value to the marketplace in exchange of money now I define high income skills as skills that could make me $10,000 or more per month you see the first five years of my business career when I was getting started the first five years I didn’t take a single day off I was working 12 to 14 hours a day seven days a week for the first five years while all my friends they were out there drinking drinking and having parties and chasing girls I was fucking working I sacrifice I made a lot of sacrifices I believe if you don’t sacrifice for your dream then your dream becomes your sacrifice so I made a decision I pay the price early on I spent a few years of my life working on myself working on my business doing the things that most people are too lazy to do not willing to do so I could have what most people cannot have the very first high income skill that I develop was copywriting now you might wonder what that is well it’s simply the skill to use words to sell that’s it Prine persuasion or persuasion in print and our words running a one-man advertising agency myself if you watch the TV show man man that’s kind of what I was doing without all the smoking and all that bullshit but I was basically a cocking gun in my early 20s working with companies working with entrepreneurs and I was making 10,000 a month $12,000 a month in my early 20s and at the time I thought he was it was like I felt like a million bucks I thought it was the most money I’ve ever seen and I did that then later on I took that money the income did I earn I put that aside and I started coin called a scalable business now if you want to retire early and retire young one of the most important things that you have to know is noticing identifying trends at a time I went onto the internet I saw this trend on the Internet we’re talking about back then remember Netscape dial-up modem I’m talking about overture for pay-per-click you know good old days you’re watching this young young guys you may or may not even know this but I’m talking about Yahoo for search engines okay Facebook and then later on Google but I’m talking about that so when I got started back then early and I noticed a trend on internet and I was importing collectibles from Hong Kong Bruce Lee collectibles actually and I was flipping them on eBay I was doing affiliate marketing I was doing digital marketing online I was selling digital products before PDF before all these things were even popular software all these things and that’s how my first bucket of money then I took that money and I saw some of those physicists I cash out and I took that money and invest in real estate then my investments are able to support my lifestyle and that’s how I retire at the age of 27 but here’s one thing I’ve learned through that experience at the age of 27 I thought this was my dream I thought I want to get to a point where I don’t have to work anymore I’ll sit in a beach all day and that is going to be it and I did that the first month first 30 days I was sitting on a beach on English pay just to be there every single day right looking at a beach looking at the ocean I thought I have made it you know what all I got was sunburn that’s it you may dream I’m sitting on a beach every day I’m telling you when you could do it I was bored out of my mind I thought this is fucking stupid I work so hard to get here and now I’m sitting on beach doing nothing this is dumb like did I work all like this heart and may all that sacrifices for this like come on because you’ve got to understand when you’re entrepreneur I was going like this every day go go go go go suddenly when you have nothing to do when you cash out when you have investments you’re like okay I guess what else do you do right after 30 days of that I was sick and tired of it I’m like this is a dumbest thing ever so the second month I did something different actually thought you know what I’m gonna I’m gonna watch the movies so at a time I rendered a lot of movies a lot I was watching six seven movies the DVDs stack of them every single day let me tell you something I love movies don’t get me wrong but when you’re watching six seven movies every fucking day you don’t like movies so much anymore believe me okay after 30 days of that I’m like this is again the dumbest thing ever i I just felt like I so lazy I felt like I wasn’t doing anything with my life then I went to talk to my mentor and he said okay Dan he’s what I want you to do I want you to start in other business I said no no I’m not gonna start another business I was killing myself all these years so I could retire you don’t understand I’m not gonna work he said no you’re gonna start outta business I said no I am NOT gonna start down to business he said you’re gonna start another business I said no but this time he said you’re gonna start a business from a totally different place because now you’re made it you could start your business coming from a place of strength coming from a place of abundance coming from a place of something that you want what do you want to create build it around your wor strength build it around your passion because now money’s not an issue you’re not just doing to make money what could you do how could you use all the skills that you’ve accumulated you’ve developed all the business acumen all the knowledge that you have how can you use that to do something great and I thought that I could do so that’s my story that’s how I retire at the age of 27 I don’t know where you’re at in your journey maybe you want to retire young maybe you want to retire at age of 45 55 65 I don’t know where you’re at but what I do know is it’s possible and what I also do know is once you get there there’s always an other step there’s always an other level so don’t wait don’t feel like you have to get to a point where hey you know what I’m gonna spend my whole life doing stuff that I hate so I could get to a point where finally I could do some stuff that I love No enjoy the journey success is a journey not a destination

As found on Youtube

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How To Decide On A Career

– I do have a lot of, I know, Millennials, and young people asking me, you know, Dan, how do I pick the right career for my life? And I believe that picking the right career is probably one of the most important decisions that you’ll ever make, because when you pick the wrong career, you can waste a lot of time, and years sometimes, if you ever had this experience, you pick a major in school, and then you study that for a few months, maybe even a couple years, you’re like, you know what, actually, I don’t like this subject that much. It’s because my friends told me I should take this, or my mom and dad told me I should take this, but actually, I hated this, I don’t like the subject, I don’t like the school, I don’t like what I’m studying, I don’t think I’m going to have a career, on this particular path, and then you switch.

And they try something else, and you’re like, no that’s not quite what it is yet, and they switch again, in between you’re wasting a lot of valuable time. So, when it comes to picking a career, let me share with you my own experience. Now, I wish I could tell you that, this is, I got here, because this is exactly how I envisioned myself and what I’m going to do. It’s not like that at all, because in the very beginning, all I wanted to do was to provide for my mom, because when my dad when my dad went bankrupt, with over a million dollars in debt, he could no longer send us money.

He was in Hong Kong back then, so I’m the only child in my family, I had to take care of my mom, so, all I wanted to do, forget about career, forget about finding my path, I just wanted to make some money, so that I can eat, so that we can have food on the table, that was it. So, fast forward today, I have to say I have the greatest job in the world.

I get to work when I want, where I want, with whom I want. Having such a great life style, being able to, not just materialistic things, but everything that I have, right. That I’m able to impact so many people’s lives, as a global educator. Now back then, it didn’t start off like this, so I believe to find the right career, number one, the very first piece of advice I want to give you is, if you’re a young person, and you are not so sure what is the perfect career for you, it means that you have not tried enough things. Because it’s like sports, how do you know what sports you would excel in, if you haven’t played enough? So let’s say you’ve only played basketball your whole life. You’re like, you know what? Maybe I’m a pretty good basketball player, but maybe you’re only five foot five. And you thought, you know what? This is what I like to do, maybe this is my career.

Well, maybe you haven’t tried other things. Have you tried swimming? Have you tried football? Have you tried soccer? Have you tried ping pong? Have you tried other sports? When you try enough things, it is a elimination process, very quickly you would know, you know what, that’s not my thing. For example, I’m a horrible painter, right? I am not a good artist, that’s not my thing, right, I’m horrible with that. I would not have a career in that. In spite, other people might love it, but I can’t even draw like a stick person well, right, my handwriting is not good. So that is not my career, eliminate it very, very quickly, okay, and then for athlete, or sports, and a lot of these different things, that’s not my thing either, so I’m not going to have a career in those professions, so I eliminate that.

So when I was young, my dad actually wanted me to be a lawyer, when I was very young. And I thought, yeah lawyer is my thing, I’m gonna be a lawyer, right, and after I learned a little bit more about it, no, I’m not going to be a lawyer, right. I learned that that’s not my path, it’s the path that my dad wanted for me. Then later on, actually, I wanted to be a firefighter, I still, nowadays, I love firefighting movies, I have an uncle of mine who is a very, very good firefighter, he’s been firefighting his whole life, I always would like to talk with him, and he shared all these stories with me, these just like life altering and life changing stories, and so my uncle was a firefighter, but then I found out that’s not my thing either. And then, once I learned martial art, I though, I am going to be a martial art instructor, that is my calling, I want to open up a little school, and that is what I’m going to do for the rest of my life, because I like to teach, and the problem is, that when I found out that my instructor, my martial art instructor actually couldn’t even make rent, he was struggling with just a few students, I’m like, I love martial arts, but I cannot make a living doing this.

I cannot help my mom doing this. So that doesn’t work either. And I tried many, many different things, I stumbled upon business, I started being a copywriter, and consultant and speaker, and a lot of these different things, and not in a million years could I imagine I would be doing what I’m doing today. It’s only after so many of this zigzag, zigzag and I found my place. You see, in life it’s very important for you to find your place. To find a place, where this is where you belong, this is what you were meant to do.

I believe, and not everyone agrees with me on this, that I believe your career, if your career, you just focus on, I want to do what I love, you will struggle financially. You have to get the money thing out of the way first, so you can have more choice, so you can take that money and invest in yourself. You have to make some money first. And that’s what I did, I wasn’t just, I wasn’t following my passion, I just wanted to make a living. So first, profit. Your career, if your career can make you profit. A decent amount of profit, you have to start with that. You see, in the Asian culture, even in Chinese culture, Chinese doesn’t talk a lot about passion, they work long hours, if you’ve ever been to Asia, they work and they want to make money. In North America, it’s some think the opposite. When I came to Canada, it’s much more, laid back, and say, I want to find my calling, I want to find what’s my gift.

It’s okay I’m struggling financially, I want to find my thing. In Asia it’s like, what the fuck are you talking about. You talk to Asian people, they’re like, you do whatever makes you the most amount of money, like duh. Nothing right or wrong about between both philosophies, but I found that at first, focus on profit. Find something that can make you money. So you get money out of the way so you can focus on what’s important, and that’s life, you get your time back. Then once you’re making good money, if you can also find something that you’re passionate about, that would be good. If you can combine profit, with passion. And if there’s something that you’re passionate about, for example, when I found out that I love teaching, I love speaking, great, I’m passionate about it. I learn, I study, I master the craft, and I get better, and I make more with that. And people pay me more, more, more money doing that. I thought to myself, this is great, I don’t like golfing, I don’t like fishing, that doesn’t interest me, but teaching, I love this. This is my hobby, this is my passion, this is what I love to do, it doesn’t get old.

This is how I can be on stage for days, and I can talk without a script because of that. It’s my passion. So when I can combine passion and profit, guess what, you make more profit, cause you love what you do. And if you love what you do, of course, you get good at what you do, then at the very end, when I hit 30 years old, I found my purpose.

I found that this is what I want to do for the rest of my life. When I know what I do impacts people’s lives. When my father passed away, and I thought to myself, what’s my legacy, what do I want to be known for. Do I want to be known for as, I can imagine it in my funeral, at my funeral, I’m lying down there in my casket.

Do I want people to say, you know what? Dan Lok has made a few dollars. He’s successful financially, he’s a wealthy guy, or do I want people to say, you know what? That man changed my life. And I say, I want people to say, that man changed my life. And I found my purpose, and that’s why I do what I do today. I can combine my purpose, with my passion, and also makes a lot of profit, all into one.

When you can do all that, that’s very, very special. And I’m very, very grateful, I have found my ideal career. Now, my career may not be your career, but start with profit, then maybe through that, you’ll find your passion, then when you know to a point, this passion may become your purpose. That thing you, if you ever get to that, you are very, very lucky person. I am a very, very lucky person. When I can live every day living my purpose, following my passion, and also making a lot of profit, life doesn’t get better than that. So that’s my recommendation, that’s what you need to do. No one can tell you, I cannot tell you, no one can tell you, you’ve got to find your own path. But, that’s my recommendation, that’s how you decide on your career. .

As found on Youtube

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