326-An Immigrant's Path to Entrepreneurship: Lessons Learned with Dan Lok
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.2 • 1.9K Ratings
🗓️ 26 April 2016
⏱️ 75 minutes
🧾️ Download transcript
Summary
Immigrants to the United States are much more likely to become millionaires than are natural-born citizens. And although my guest today lives in Canada, the parallel is clear.
Dan Lok had a challenging beginning to his career, not the least of which was that he had to begin with learning and improving his English language skills!
His foray into the world of employment came as a 16-year-old earning minimum wage. He quickly realized that he needed to go into business for himself and he hasn't looked back.
Today, he is a multi-millionaire and owner of multiple, highly profitable businesses.
I've invited Dan on to today's show to learn from his experiences and insights.
Enjoy this unique look into an entrepreneur's story and lessons learned!
Joshua
- Dan's website: www.DanLok.com
- Support RPF on Patreon! www.radicalpersonalfinance.com/patron
Transcript
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| 0:00.0 | Welcome to Radical Personal Finance, the show dedicated to providing you with the knowledge, skills, |
| 0:03.8 | insight, and encouragement you need to live a rich and meaningful life now while building a plan |
| 0:08.8 | for financial freedom in 10 years or less. |
| 0:11.8 | My guest on today's show is Dan Locke. Dan is an entrepreneur, perhaps better |
| 0:16.5 | said a serial entrepreneur, who has built for himself a multi-million dollar empire. And today he's here to share with us a little |
| 0:24.8 | bit about his story and his practices as they relate to entrepreneurship and business. |
| 0:30.3 | Dan Locke welcome radical personal finance. |
| 0:33.0 | Hey Joshua, welcome. Thank you. Thank you for having you on the show. |
| 0:37.0 | So today we're going to talk about business and to begin with I'd like to just have you share a little bit about your background because my audience is possibly not familiar with your experience. |
| 0:48.0 | How did you get involved in the world of business? |
| 0:50.0 | Well, I first immigrate to Canada when I was 14 years old. |
| 0:58.0 | And because at the time I was born in Hong Kong you can hear from my accent so and my mom and |
| 1:05.6 | they got divorced when I was 16 years old and I was the only child in my family |
| 1:10.1 | so in the beginning when I was here was when I was going to school my father was |
| 1:16.6 | Setting you know my mom and I a little bit of money and then unfortunately my dad when |
| 1:21.8 | bankrupt in Hong Kong so then I had to kind of man up and stop being a boy and take |
| 1:29.2 | care of my mom and at the time I never thought about money is that important because our life was pretty |
| 1:36.2 | I would say kind of middle-class family when I was growing up in Hong Kong. |
| 1:40.8 | We lived in a decent home and growing up I've always had people |
| 1:46.0 | taking care of me. We had a maid. So and then I just most people they might have |
| 1:52.2 | big dreams and big goals and but with me I kind of got into business because I had no choice |
| 1:58.0 | I wanted to take care of my mom and I was making minimum wage at a time working as a grocery bagger in a local |
... |
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