My Financial Freedom Story: How I Went from Making 5 Thousand Dollars A Month To a Multi-Six Figure

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This is my story of how I went from making $5,000 a month to a multi-six figure income. If you guys are interested in how I went from having a public school math teacher salary to making around $28,000 - $30,000 a month, this article is for you.

As a side note: if your goal is to build wealth, then I believe it helps to study how other people built their wealth. So, I wanted to share my story with you guys.

Here are the 4 Aspects I’m going to talk about in this article that I used in my life to achieve Financial Freedom.

  1. Online Tutoring: Which I still do to this day. But back when I was building my business, I was tutoring in person instead of online.

  2. Fitness: Not just my big strong muscles, but also how I invested in my mental and physical fitness and how it played such an important role in reaching financial freedom.

  3. Emulation: Studying other people and how other wealthy people do it.

  4. Online Coaching: How I make money on Tik-Tok, Instagram, Youtube, and on my website from ad revenue.

If you guys are interested in starting a business online I think this is going to be a really great lesson for you. It gives you a little bit of insight into how I do everything. So I’m going to give you guys a little bit of a behind-the-scenes look.

This story and information are all so I can be transparent with you guys and let you know what it looks like to run a business day-to-day. This way, you know what to expect if you want to build a business for yourself.

So let’s begin!

Stage 1: Tutoring Online

Let's talk about my math tutoring business. For those of you who don’t know, I used to be a public school math teacher.

Back then, when I got my first paycheck, I knew I wasn’t making enough...I thought about it, and I knew there was no way I could save up enough money to become comfortable in retirement. So that's when I told myself I'm going to up my game. Back in college, I used to tutor people in math. So I figured I would start a Math tutoring business.

If you guys know me personally, I shared with some of you that I didn’t study business in school.

I had no idea how to run a business. So, when I started my online Math Tutoring Business, I just kind of dove right in...

I realized “maybe I can teach some students one-on-one.” I was trying to figure out my self-worth which I feel a lot of business people don't really talk about sometimes. And I learned a few little nuances about business. Like how to talk to clients, understanding what people are looking for, etc.

I remember when I was advertising myself and my tutoring business, I got a whole bunch of rejection. But I learned to persevere...

In school, I was used to having students who respected my teaching and what I had to offer. But, when I was outside of the classroom, it was a whole different story. I realized I was advertising to a bunch of people who didn’t care about me.

I would go to supermarkets every single day. I was that annoying guy standing outside the store handing people my brochures. I put my flyers and my business card on people's windshield wipers.

Sometimes I would go to Asian markets and I would see if there were any parents that wanted a math tutor for their kids.

But when I was out there advertising myself, there were so many different faces of rejection...

“Your services are such a scam,”

“It's weird...”

“You're weird...”

“Why are you approaching me?”

I felt when I was doing all of this, I was also learning how to take on rejection. Which I realized I never really dealt with my whole life.

I'm gonna be honest, there were days where I would just pass out flyers and brochures in my nice dress shirt and my nice dress pants, and my feet would be super sore at the end of the day. I’d be super sweaty, I had armpit stains under my dress shirt, and after a day of passing out flyers.

Then I would go home and literally just sit at my table. Just me and my phone. Waiting and praying that someone would call me and want to hire me as a math tutor.

There were so many days when no one would call me. There were days where I got emotional and I cried. There were days I was so upset because I started a business and no one wanted the service that I offer. I started to have self-doubt about myself.

“People don’t need me.”

“People don’t respect me.”

“People don’t want my services.”

“I’m a bad teacher.”

“I’m a bad businessman.”

But in time, I kept persevering through and I kept passing out my business cards and my brochures kept talking to parents.

Then finally I started getting one or two calls. I finally started teaching students and then the kids would really like me. The parents would really appreciate me and they started telling people through word-of-mouth, “oh yeah there's this really good teacher this really cool math teacher Mr. Chen he's awesome!”

And that's how it all really spread. But I felt during this time this was kind of my baby project and that's really how it taught me how to become a good entrepreneur.

Just how to persevere and how to keep going at it even if I fail it's okay. Just stand up keep going out again. You fall it's okay. Get back up. Just keep going at it every single day...

I literally did this every single day. After I worked from 8 am - 3 pm, I would wear my dress shirt and dress pants in the hot 90-degree California weather and pass out my business cards.

I would just do it every single day. Then learned how to develop my pricing. “How much do I charge before?” I remember I charged only 15/20 an hour to tutor students but then that's when I started to kind of develop a sense of value for my time.

“What is the value of my worth?” And I figured that as I continue to get more students there's no way that I can keep teaching students with the schedule that I have. I was tired and I didn’t want to teach for five hours after school.

I understood people really began to value what I had to offer so I felt comfortable increasing my prices. That's how I learned how to scale up my business. Throughout this entire journey, I learned how to adapt, how to pivot. If something didn't work out. It's okay, I learned how to adjust myself and then I was my own single business entrepreneur.

I was able to maneuver very easily. So this whole process right here really taught me a lot and this kind of primed me to develop an entrepreneur mindset.

This leads me to my next topic, mental and physical fitness.

Stage 2: Fitness

Okay, so I'm a big gym rat. I'm not lifting 500 pounds or anything. But I have my own gym and my garage and everything.

I understood that being a good entrepreneur isn’t just about making money and learning how to talk to people. I realized there were a lot of inner workings going on too...

I had to develop a lot of habits to be a good entrepreneur. So there was this mental and physical aspect of fitness that I wanted to work on because I felt I was doing my own business I kind of studied other people. A lot of successful people I saw worked out. As simple as that. They all worked out...

They all meditated, they all had a lot of reflection time, they all took time to focus on their health...So every day, I would try to develop these positive wealthy habits.

So, I would literally eat healthily. I would cook my own food and make sure that I eat healthy broccoli, chicken, rice, potatoes, and beans. I made sure that I meal-prepped everything. And this helped me save money but it also made me healthy. It made me stay on track. I went to the gym at 5:30 a.m every single day.

Two reasons, first I usually go to the gym next to my school so sometimes if I go after school I’ll see my parents there so it's kind of awkward for me because they'll be oh Mr. Chen how are you doing and then I’m bench pressing or something. And then it turns into a parent conference I’m oh shoot and they start asking me about their kid and how they're doing in my class so I went to the gym early in the morning when no one went. This way I could avoid parents okay I’m not gonna lie I’m just being honest here right and then I also go to the gym early in the morning to get a sense of accomplishment and start my day strong.

I went at 5:30 a.m when it was dark and then whenever I got my workout done and I came out the sun was rising, I was like “man, I’m already kicking ass today!”

“I know a lot of people majority of people are sleeping right now but I already got my workout in.” I felt confident about myself and I felt with these positive health habits, it becomes an avalanche to becoming even more positive health habits. It's a domino effect from there. And that’s what I really wanted to work on - mental and physical fitness.

I wanted to develop a good mindset. And the gym taught me how to persevere through pain. Because you're working, you're getting sore, and you have all this heavyweight on you. This taught me to speak positively to myself… “I can do this. I can lift this.”

I can use this time to really speak words of affirmations to myself. Words of encouragement to myself so usually before a heavy lift, I say stuff like

“I can lift this. I can do this. This is easy. I got this.”

I would say these positive things to myself and I felt that translated to my business life and my entrepreneurship.

There are some people that I follow like Ronnie Coleman and he'll say things like “oh yeah lightweight baby” with his high-pitched voice. So I kind of learned it from him. There's this guy named is Brian Tracy. And he would say things to himself in front of the mirror every single day.

So I realized if I can develop these mantras where I can say these positive words to myself, then it's really going to manifest into my business world.

I think it's an overall great habit to have.

Then, after a workout, I would stretch and it was my time to meditate. To just calm myself and try to see what I’m doing today.

Trying to find peace in me and it was my time for me. It was a time for me to reflect try to be thankful I would say oh what are some things that I was thankful for.

“I'm thankful for my health.”

“I'm thankful for being able to have food.”

All of this really encompasses positive wealth habits positive habits and I believe that success is not by chance. Success is definitely not by chance...It is intentional. All of these things that I did were intentional. And it all fed into my entrepreneurship. so the third topic that I want to talk about is emulation…

Stage 3: Emulation

I believe this is such an important topic here.

A lot of times when we see rich people and we go “man this guy is a rich man he has a Lamborghini has billion dollars blah blah blah... he's evil he has money he's selfish he's evil.”

Back then, I realized that this is such a negative way of thinking about wealth. So I tried my best to think the opposite way and how instead of having this negative perspective on wealthy people, I thought why don't I see it from a positive light?

They must be doing something right to become wealthy themselves so I studied other wealthy people's habits.

What is it that they did?

Yes, I knew they worked out, they had these really cool businesses. But I also observed how they spoke at conferences. And I began to ask myself questions like, “How do they present themselves?” “How do they spend their money?”

I literally read a whole bunch of books and blogs and a lot of self-made millionaires and studied their habits. I remember when I was teaching at the public school, a lot of times during lunchtime, I didn't really talk to anyone. I was pretty I was a hermit myself I was very introverted I didn't really eat with a lot of people a lot of teachers during lunchtime.

I would kind of stay in my own classroom and just kind of read articles and I would read about other people's stories. Literally no joke every lunch that's all I did. Of course, I would learn about the stock market but I would just really read other people's stories. I felt those were positive stories and affirmations that I could be placed onto myself.

“Oh man if this guy can do it, then I can totally do it too.”

“This guy's a normal regular joe, I’m a normal regular joe. I can do it too.”

So emulation really is a key here.

And I just want to say something here. I hear a lot of people not even just on the internet but just people in real life right where people again going back to the whole negative perspective wealthy people a lot of people go yeah wealthy people are bad. Money is selfish. Money is the root of all evil. But I feel when people think that way, they think money is bad money is bad they keep thinking that then what happens ultimately happens is subconsciously they go then wealthy people are bad, money is bad, therefore I don't want money. I don't want to be wealthy myself. Because then I will become a hypocrite myself. I don't want to be wealthy I don't want to have money.

So when they say that to themselves people who have a negative view of wealthy people have a negative wealth perspective. They never become wealthy themselves because it becomes a self-fulfilling prophecy.

They want to prove to other people money is bad, therefore I’m not going to get it. And I will make this prophecy true. But I feel when we split that switch and think instead that “money is not good or bad… but it can be a great tool to help other people.”

When we have money ourselves when we are able to not only help ourselves abundantly then we are able to help other people abundantly. How can we help other people if we can't even help ourselves? All about perspective all about how you view it. So that's number three, Emulation…

Let's talk about my fourth one and I think this is where a lot of you guys are interested. So let's talk about my online coaching and how exactly I make a lot of my income here.</