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 YouTubers with 153k subscribers!

It’s one thing to start another YouTube 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 YouTube channel.

Just when his son was born.

We also touch on the realities of building and running a 7-figure YouTube 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: https://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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