Ep 122 Part 2: I Am NOT Your Father! | Peter Yong aka Mr Money TV, the 7-figure YouTube Businessman - a podcast by Ling Yah
from 2023-11-29T22:27:21.785018
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What does it take to build a 7-figure YouTube business on personal finance?
Peter Yong aka Mr Money TV spills the tea on STIMY Episode 122 Part 2.
That includes telling us:
- 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.
And that's just some of juicier takes. 😎
Highlights:
- 3:05 Being taken advantage of
- 5:22 Having partners work for free until 2 - 4am?!
- 10:33 Prototyping the life you want
- 12:37 Matt the Ultimate Gen Z
- 15:59 Hire 5, work 10, pay 8
- 17:52 I am not your father!
- 18:32 Hiring process
- 21:57 Becoming a business
- 22:56 Getting the staff involved in the hiring process
- 23:56 How does Mr Money make money?!
- 26:32 Evaluating priorities
- 31:55 Creating a moat
- 40:22 The Personal
- 41:01 Mr Money TV almost shut down?!
- 42:28 Becoming more cynical
- 44:56 Can a boss ever be friends with his employees?
- 47:43 You're going to shut down. Do you tell your employees?
- 51:05 Hershey's World (P/S: Thanks, CK!!)
- 53:48 The legacy for Peter's 2 sons
📍Show notes: https://www.sothisismywhy.com/122
🍿 YouTube: https://youtu.be/saQkikbcwaY
💌 Weekly STIMY Newsletter that deconstructs how you build a portfolio career to prepare yourself for the future of work: https://sothisismywhy.ck.page/acd5bd1062
✍🏻 Leave a review on STIMY: https://podcasts.apple.com/gb/podcast/so-this-is-my-why/id1521191442
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