Apr 19, 2021
In today’s show, Pancham interviews Eng Taing - CEO and Founder of Touzi Capital.
Born in a refugee camp in Thailand, escaping the Khmer Rouge in Cambodia, and working with a high salary, and finally finding financial success in Los Angeles, Eng will look back on his eventful adventures and how it helped him to be a real estate investor that has $100m assets under management!
In this episode, he’ll share how his background developed his sense of being thrifty. You’ll also learn how to break out of your golden handcuffs as he shares his story of leaving his high-paying job at Apple and building Touzi Capital to where it is today!
Listen and enjoy the show!
Quote:
"It’s an interesting decision because I have lots of potential in myself. I didn’t know I could strike a conversation with people in this industry or people like you and learning something every time.”
Timestamped Shownotes:
- 1:00 - Pancham introduces Eng to the show
- 2:21 - How he found financial freedom in investing
- 6:06 - His family background and how it helped with his mindset as an investor
- 9:09 - Why investing out of state is not an hindrance to success
- 11:41 - Overview of the BRRRR Strategy
- 12:50 - How he knew the right moment to quit his job (and why it’s his best decision yet!)
- 19:41 - How cold showers and coffee helped him start his day
- 21:30 - Taking the Leap Round
- 21:30 - His first investment outside of Wall Street (at the age of 12!)
- 22:09 - Overcoming his fear of managing his properties
- 23:21 - Why his multifamily deal didn’t go as expected
- 24:51 - Why rookie investors should start get into investing
- 26:56 - Eng’s contact information
3 Key Points:
- Real estate is a good investment and it can also be seen as a financial security blanket that they didn’t have before.
- Having investments in a different state may be an obstacle to overcome but it is not a hindrance to achieve success.
- No matter the amount of effort you’ll be putting in your work, you would still earn the same amount of income.
Get in Touch:
- Eng Taing Email - eng@touzicapital.com
- Touzi Capital Website - https://www.touzicapital.com/
- The Gold Collar Investor Banking - https://thegoldcollarinvestor.com/banking/
- Pancham Gupta Email - p@thegoldcollarinvestor.com
Books:
- Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194