Ep 122 Part 2: I Am NOT Your Father! | Peter Yong aka Mr Money TV, the 7-figure YouTube Businessman
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