1 00:00:00,560 --> 00:00:02,568 >> Anthony Weaver: This episode is sponsored by the 2 00:00:02,624 --> 00:00:04,216 portfoliopath.com. 3 00:00:04,288 --> 00:00:07,000 >> Dexter Zhang: Of course, financial, uh, independence, uh, kind of came 4 00:00:07,040 --> 00:00:10,040 into that conversation because the way 5 00:00:10,080 --> 00:00:12,952 we view money is that it's a tool to help 6 00:00:12,976 --> 00:00:15,960 you achieve whatever kind of life goal that you 7 00:00:16,000 --> 00:00:18,872 have. For us, we care about that flexibility. But 8 00:00:18,896 --> 00:00:21,832 for other people, maybe it's a certain level 9 00:00:21,856 --> 00:00:24,820 of security that they want, or maybe they want to, 10 00:00:25,180 --> 00:00:28,020 um, be able to, you know, take on a certain 11 00:00:28,060 --> 00:00:30,868 kind of career path. Um, so we 12 00:00:30,924 --> 00:00:33,892 see that, uh, for, for us, money is 13 00:00:33,916 --> 00:00:36,740 a tool to achieve flexibility, but for other 14 00:00:36,780 --> 00:00:39,588 families it may be, uh, or couples, it may be 15 00:00:39,644 --> 00:00:40,240 different. 16 00:00:45,020 --> 00:00:47,828 >> Anthony Weaver: Welcome back, everybody, to another exciting show, 17 00:00:47,884 --> 00:00:50,884 the about that Water podcast, where we help the Sam's 18 00:00:50,932 --> 00:00:53,828 generation build strong financial habits so that you 19 00:00:53,884 --> 00:00:56,836 can spend your money, talk about money, and 20 00:00:56,908 --> 00:00:59,760 enjoy your money with conf. Today, I 21 00:00:59,800 --> 00:01:02,800 have somebody who's been doing this for quite some 22 00:01:02,840 --> 00:01:05,632 time and has achieved so many different things, but 23 00:01:05,656 --> 00:01:08,064 also he has achieved 24 00:01:08,192 --> 00:01:10,800 fire, which is financial independence and 25 00:01:10,840 --> 00:01:13,360 retire early. His name is Dexter 26 00:01:13,440 --> 00:01:15,460 Zhang. How you doing today, sir? 27 00:01:16,440 --> 00:01:18,720 >> Dexter Zhang: Doing well. Thanks for welcoming me onto the show, 28 00:01:18,760 --> 00:01:21,136 Anthony. Uh, yeah, just a quick 29 00:01:21,208 --> 00:01:23,088 clarification. Is your Coast Fire? 30 00:01:23,224 --> 00:01:24,048 >> Anthony Weaver: Oh, coast fire. 31 00:01:24,104 --> 00:01:26,848 >> Dexter Zhang: Okay, definitely, uh, so one, 32 00:01:26,904 --> 00:01:29,710 one milestone, uh, on that journey. Uh, 33 00:01:29,710 --> 00:01:32,446 not quite at that, uh, that bigger 34 00:01:32,478 --> 00:01:35,246 milestone, but yeah, happy to share more. 35 00:01:35,398 --> 00:01:37,838 >> Anthony Weaver: Awesome. And one of the cool things 36 00:01:37,894 --> 00:01:40,334 about, uh, this particular 37 00:01:40,422 --> 00:01:42,730 topic is that, 38 00:01:43,090 --> 00:01:45,650 um, it's something that everybody wants to achieve. 39 00:01:46,070 --> 00:01:49,070 And so my main question to you 40 00:01:49,190 --> 00:01:51,950 has your definition of success has evolved 41 00:01:52,030 --> 00:01:54,606 since you've achieved such a great financial 42 00:01:54,678 --> 00:01:55,570 milestone. 43 00:01:57,240 --> 00:02:00,080 >> Dexter Zhang: Great question, Anthony. Um, in the beginning, 44 00:02:00,160 --> 00:02:02,848 when I was starting out my career, I was 45 00:02:02,904 --> 00:02:05,808 in San Francisco. I 46 00:02:05,864 --> 00:02:07,980 was working in tech there. 47 00:02:08,280 --> 00:02:11,248 I, um, didn't 48 00:02:11,264 --> 00:02:13,310 have a whole lot of money when I was starting out my professional, ah, 49 00:02:14,064 --> 00:02:16,480 journey. But I was very 50 00:02:16,520 --> 00:02:19,424 motivated and my main priorities 51 00:02:19,552 --> 00:02:22,294 at that point was really to 52 00:02:22,462 --> 00:02:25,290 learn the fundamentals of personal finance. 53 00:02:25,570 --> 00:02:28,326 Uh, so while I was growing my career then I could 54 00:02:28,398 --> 00:02:31,190 reinvest a high percentage of 55 00:02:31,230 --> 00:02:33,206 my earnings into 56 00:02:33,358 --> 00:02:36,150 investments. And I could 57 00:02:36,190 --> 00:02:38,930 also, you know, focus on growing my, 58 00:02:38,930 --> 00:02:41,782 um, my own skill set and grow my income 59 00:02:41,926 --> 00:02:44,918 potential through my career. I think that that part was 60 00:02:45,054 --> 00:02:47,706 really my main focus throughout my 20s, 61 00:02:47,878 --> 00:02:49,790 now that I'm 33, 62 00:02:50,570 --> 00:02:53,170 and, um, a couple years ago, 63 00:02:53,210 --> 00:02:55,826 across this coast fire milestone. And that really 64 00:02:55,898 --> 00:02:58,350 helped me just 65 00:02:59,050 --> 00:03:01,620 be able to take a little bit of a step back, uh, 66 00:03:01,620 --> 00:03:04,514 to understand what did I really value 67 00:03:04,602 --> 00:03:07,458 in terms of my work and in terms of 68 00:03:07,514 --> 00:03:10,270 my lifestyle and how did I want to spend my time, 69 00:03:10,600 --> 00:03:13,330 um, more and more importantly. So my 70 00:03:13,370 --> 00:03:16,178 journey has evolved a little bit past 71 00:03:16,234 --> 00:03:18,530 this milestone because it gave Me a bit more 72 00:03:18,650 --> 00:03:21,506 space and flexibility to 73 00:03:21,658 --> 00:03:24,562 ask those questions for myself and then answer those questions of, 74 00:03:24,586 --> 00:03:26,930 like, how do I want to spend my time? So, uh, that 75 00:03:26,970 --> 00:03:29,842 flexibility, uh, is probably the biggest change for 76 00:03:29,866 --> 00:03:30,430 me. 77 00:03:30,890 --> 00:03:33,442 >> Anthony Weaver: Nice. And because, 78 00:03:33,626 --> 00:03:36,290 you know, you and your wife 79 00:03:36,450 --> 00:03:39,360 have been dealing with this for quite some time, um, 80 00:03:39,450 --> 00:03:42,402 how would those conversations happen? Like, when you 81 00:03:42,426 --> 00:03:45,354 decided, like, hey, I really want to start 82 00:03:45,442 --> 00:03:47,866 dealing and diving into this higher 83 00:03:47,938 --> 00:03:48,550 community? 84 00:03:51,410 --> 00:03:53,850 >> Dexter Zhang: Yeah, that's a good question. So when 85 00:03:53,970 --> 00:03:55,990 we first, uh, started 86 00:03:56,530 --> 00:03:59,162 dating, you know, six, uh, six years ago, I 87 00:03:59,186 --> 00:04:02,138 think personal finance came, uh, up. 88 00:04:02,194 --> 00:04:05,050 But it wasn't until maybe like a few 89 00:04:05,090 --> 00:04:07,754 years into, uh, that the relationship that we started 90 00:04:07,842 --> 00:04:10,710 really talking about this, um, 91 00:04:10,710 --> 00:04:13,572 more deeply because we, you 92 00:04:13,596 --> 00:04:16,390 know, we're talking about, okay, should we open up, uh, 93 00:04:16,390 --> 00:04:19,332 joint bank accounts, shared accounts? 94 00:04:19,476 --> 00:04:19,812 >> Anthony Weaver: I know. 95 00:04:19,836 --> 00:04:22,560 >> Dexter Zhang: We started getting deeper into, uh, 96 00:04:22,636 --> 00:04:25,284 the rabbit hole for context as well. I'm 97 00:04:25,332 --> 00:04:28,180 American. My wife is Australian. Um, we met 98 00:04:28,220 --> 00:04:30,676 in Singapore. Uh, so our 99 00:04:30,828 --> 00:04:33,460 finances were also a little bit more 100 00:04:33,500 --> 00:04:36,480 complicated. And 101 00:04:36,840 --> 00:04:39,180 when we start talking about it, then, 102 00:04:39,770 --> 00:04:42,384 uh, we had to go down the rabbit hole 103 00:04:42,432 --> 00:04:44,570 of, uh, really, uh, 104 00:04:45,096 --> 00:04:48,070 planning out what we wanted to do, uh, 105 00:04:48,070 --> 00:04:50,816 in terms of finances, uh, because 106 00:04:50,888 --> 00:04:51,820 there were 107 00:04:53,800 --> 00:04:56,416 more variables when you're bringing 108 00:04:56,448 --> 00:04:59,040 together, um, bank accounts from different 109 00:04:59,080 --> 00:05:01,568 countries, like investment accounts, uh, from different 110 00:05:01,624 --> 00:05:04,586 countries. Um, we started talking 111 00:05:04,618 --> 00:05:07,610 about that. And then, of course, financial, um, 112 00:05:07,938 --> 00:05:10,150 independence, uh, kind of came into 113 00:05:10,530 --> 00:05:13,290 that conversation. Because the way we 114 00:05:13,330 --> 00:05:16,170 view money is that it's a tool to help you 115 00:05:16,210 --> 00:05:18,922 achieve whatever kind of life goal that you 116 00:05:18,946 --> 00:05:21,850 have. For us, we care about that flexibility. But 117 00:05:21,890 --> 00:05:24,810 for other people, maybe it's a, ah, certain level 118 00:05:24,850 --> 00:05:27,750 of security that they want, or maybe they want to, 119 00:05:28,160 --> 00:05:31,040 um, be able to, you know, take on a certain 120 00:05:31,080 --> 00:05:34,016 kind of career path. Uh, so 121 00:05:34,088 --> 00:05:36,960 we see that, uh, for. For us, 122 00:05:37,000 --> 00:05:39,760 money is a tool to achieve flexibility. But for 123 00:05:39,880 --> 00:05:42,832 other families, it may be, uh, or couples, it may 124 00:05:42,856 --> 00:05:43,740 be different. 125 00:05:45,000 --> 00:05:47,740 >> Anthony Weaver: That makes sense because, you know, 126 00:05:48,280 --> 00:05:51,248 you had a discussion. You all had a discussion right 127 00:05:51,304 --> 00:05:54,238 before you guys decided to get married. What 128 00:05:54,294 --> 00:05:57,070 would that like? Like, how was that 129 00:05:57,110 --> 00:05:59,982 conversation leading up to. To the big day to 130 00:06:00,006 --> 00:06:01,840 say, like, hey, um, 131 00:06:03,110 --> 00:06:05,450 I. I would like to be with you, like, 132 00:06:06,070 --> 00:06:08,590 and. And like, I want to share my money with 133 00:06:08,630 --> 00:06:11,566 you. Uh, do you guys do, like, separate accounts 134 00:06:11,598 --> 00:06:14,302 or what was. What was those discussions 135 00:06:14,366 --> 00:06:14,970 like? 136 00:06:16,150 --> 00:06:18,990 >> Dexter Zhang: For sure. I think, uh, the first step of this was 137 00:06:19,030 --> 00:06:21,926 we. We were in Singapore during COVID and 138 00:06:21,998 --> 00:06:24,210 that's when we started, 139 00:06:24,990 --> 00:06:27,798 um, you know, talking about, hey, 140 00:06:27,814 --> 00:06:30,470 maybe we should open up, like, a joint accounts for our 141 00:06:30,510 --> 00:06:33,510 shared expenses. Right. Uh, because we would buy 142 00:06:33,550 --> 00:06:36,330 groceries together. We would, you know, uh, 143 00:06:36,330 --> 00:06:39,046 spend on rents, uh, together. Right? 144 00:06:39,118 --> 00:06:42,118 And these things were all joint. And previous to that, we were using 145 00:06:42,174 --> 00:06:45,050 an application called Splitwise. 146 00:06:45,470 --> 00:06:48,214 If uh, you're not already familiar with Splitwise, it's 147 00:06:48,262 --> 00:06:50,998 like a, uh, really simple mobile app for you to like, share 148 00:06:51,054 --> 00:06:53,666 expenses with your friends or with uh, your loved 149 00:06:53,698 --> 00:06:56,354 ones. And it requires you to log 150 00:06:56,442 --> 00:06:58,510 every expense. Right. So, 151 00:06:58,750 --> 00:07:01,618 uh, I think the where. 152 00:07:01,674 --> 00:07:04,562 Where push uh, came to shove moment was like we 153 00:07:04,586 --> 00:07:06,962 kind of got tired of having to log all the 154 00:07:06,986 --> 00:07:09,190 expenses in split wise. 155 00:07:09,610 --> 00:07:12,322 And you know, 156 00:07:12,346 --> 00:07:15,190 I'm a little bit embarrassed to say this, but I'm kind of like, 157 00:07:15,190 --> 00:07:18,050 uh, like, Like a tracker, right? So I'm like, 158 00:07:18,090 --> 00:07:20,738 oh, can we just track everything in split wise? And she's 159 00:07:20,754 --> 00:07:23,634 like, it was like a $5, you know, thing, or it was like 160 00:07:23,642 --> 00:07:26,290 a two, three dollar coffee. Like, is that really 161 00:07:26,330 --> 00:07:29,186 needed? And then we had to like, agree on, okay, 162 00:07:29,218 --> 00:07:32,178 maybe like things below $10. You don't have to track it and 163 00:07:32,234 --> 00:07:35,170 split wise. But, you know, it just kind of 164 00:07:35,210 --> 00:07:38,030 became a hassle. Whereas if we 165 00:07:38,330 --> 00:07:41,090 could, uh, create a joint account, then we 166 00:07:41,130 --> 00:07:43,842 could, ah, on a monthly basis, just 167 00:07:43,866 --> 00:07:46,410 transfer in a certain amount and 168 00:07:46,450 --> 00:07:48,922 then, um, and 169 00:07:48,946 --> 00:07:51,898 then spend from that joint account and not really 170 00:07:51,954 --> 00:07:54,762 think about it, uh, too much. Uh, so 171 00:07:54,786 --> 00:07:57,274 that. That was, I think one of the 172 00:07:57,442 --> 00:08:00,394 big kind of conversations that we had and 173 00:08:00,402 --> 00:08:03,130 then taking a step forward in terms of 174 00:08:03,170 --> 00:08:05,802 sharing our finances. And then I think the 175 00:08:05,986 --> 00:08:08,310 next kind of big 176 00:08:08,850 --> 00:08:11,620 kind of conversations that we had 177 00:08:11,660 --> 00:08:14,372 leading up to that as well was like, okay, how do, how do we 178 00:08:14,396 --> 00:08:16,708 decide how much we're contributing, you know, to 179 00:08:16,764 --> 00:08:19,748 our joint account? And um, I'm 180 00:08:19,764 --> 00:08:22,560 sure this, you know, different for every. Every couple that you've, 181 00:08:22,560 --> 00:08:25,220 uh, spoken with. But in the beginning, we 182 00:08:25,260 --> 00:08:27,440 actually started off with 183 00:08:28,860 --> 00:08:31,556 splitting, um, it evenly, like half, half, half. 184 00:08:31,628 --> 00:08:34,532 But this kind of became a issue. Like 185 00:08:34,556 --> 00:08:37,200 this was a mistake more on my part because 186 00:08:37,869 --> 00:08:40,853 we were making different levels of income and at that 187 00:08:40,861 --> 00:08:43,809 point in time I was making more than her. And so, 188 00:08:44,000 --> 00:08:46,741 uh, it felt like it 189 00:08:46,765 --> 00:08:49,729 wasn't a, um, kind of like a fair, 190 00:08:50,570 --> 00:08:53,109 uh, system for 191 00:08:53,229 --> 00:08:56,209 how we've decided to contribute to this joint account. 192 00:08:56,989 --> 00:08:59,770 So yeah, there were some, 193 00:08:59,770 --> 00:09:02,693 um, discussions there, heated 194 00:09:02,741 --> 00:09:05,600 discussions there. And eventually I realized, 195 00:09:05,680 --> 00:09:08,410 okay, we. We can't do this split thing. 196 00:09:08,410 --> 00:09:10,624 Um, this isn't working for us. 197 00:09:10,792 --> 00:09:13,200 So, uh, we divided 198 00:09:13,360 --> 00:09:16,320 the um, like our contributions 199 00:09:16,400 --> 00:09:18,928 up based on our income level, 200 00:09:19,064 --> 00:09:21,952 right? Like our income divided by 201 00:09:21,976 --> 00:09:24,912 like the total household income. That became like our contribution 202 00:09:24,976 --> 00:09:27,456 to uh, the. The joint 203 00:09:27,488 --> 00:09:30,380 account. And that, uh, worked for us. 204 00:09:31,170 --> 00:09:33,834 Yeah. Of course, every couple 205 00:09:33,882 --> 00:09:36,698 decides to do it a little bit differently. For us, that 206 00:09:36,754 --> 00:09:39,320 worked out. We were happy with, 207 00:09:39,320 --> 00:09:41,738 um, that setup. 208 00:09:41,914 --> 00:09:44,350 >> Anthony Weaver: Okay, so I'll take it. You lost that argument. 209 00:09:45,970 --> 00:09:48,970 >> Dexter Zhang: Yeah. Uh, yeah. You 210 00:09:49,010 --> 00:09:51,962 want to simplify it to that? That's totally cool. 211 00:09:52,026 --> 00:09:52,670 Yes. 212 00:09:53,650 --> 00:09:55,310 >> Anthony Weaver: Like, I'm sorry, babe. 213 00:09:55,840 --> 00:09:58,522 Uh, uh, yes. 214 00:09:58,586 --> 00:10:01,370 >> Dexter Zhang: Well, now I think it's a great idea. Now I think it's. Yeah, just 215 00:10:01,410 --> 00:10:03,980 a sm. It just makes 216 00:10:04,020 --> 00:10:04,668 sense. 217 00:10:04,844 --> 00:10:07,468 >> Anthony Weaver: Yeah. And you know, that's one of the things that 218 00:10:07,524 --> 00:10:10,380 we kind of leave out a lot. It's more than the 219 00:10:10,420 --> 00:10:13,372 numbers that kind of drive everything. It's also like, 220 00:10:13,556 --> 00:10:16,524 how do we actually want to live with each other and if we want 221 00:10:16,532 --> 00:10:19,120 to bring somebody on into that journey? 222 00:10:19,400 --> 00:10:22,332 Um, and so obviously she's dealing with 223 00:10:22,356 --> 00:10:25,320 her background and you're dealing with your background. Um, 224 00:10:25,320 --> 00:10:27,660 when it comes to finances, uh, 225 00:10:29,130 --> 00:10:31,906 how has your parents impacted 226 00:10:32,098 --> 00:10:34,290 your decision making for 227 00:10:34,330 --> 00:10:35,270 finances? 228 00:10:37,130 --> 00:10:40,050 >> Dexter Zhang: Oh, so I 229 00:10:40,090 --> 00:10:42,630 come from. I'm a second generation, 230 00:10:42,880 --> 00:10:45,682 um, immigrant to uh, the 231 00:10:45,706 --> 00:10:48,322 States. My parents, um, are from 232 00:10:48,426 --> 00:10:51,360 China originally. My dad initially, um, 233 00:10:51,826 --> 00:10:54,658 moved from, uh, Shanghai to Canada for 234 00:10:54,714 --> 00:10:57,350 graduate school with like $300 in his pocket. 235 00:10:57,880 --> 00:11:00,720 So I think they came from a bit more 236 00:11:00,760 --> 00:11:03,712 of like the scrappy, underdog kind of 237 00:11:03,736 --> 00:11:06,512 immigrant, um, you know, journey. 238 00:11:06,656 --> 00:11:09,260 And because of that growing up, I think, 239 00:11:09,760 --> 00:11:12,592 um, you know, for better, for worse, they. They 240 00:11:12,616 --> 00:11:15,200 wanted to be frugal and they wanted to be very 241 00:11:15,240 --> 00:11:18,240 mindful about, uh, the spending and 242 00:11:18,280 --> 00:11:20,460 expensive side of things. And 243 00:11:20,920 --> 00:11:23,576 that's, uh, you know, 244 00:11:23,728 --> 00:11:26,328 kind of continued, I think in terms 245 00:11:26,384 --> 00:11:28,800 of how they, uh, 246 00:11:29,760 --> 00:11:32,440 they perceive money or their relationship with money. 247 00:11:32,560 --> 00:11:35,512 Things have changed a little bit over time now that 248 00:11:35,536 --> 00:11:38,376 they're retired, they're, you know, going to resorts 249 00:11:38,408 --> 00:11:41,144 in Mexico and you know, spending on travel 250 00:11:41,192 --> 00:11:44,184 with friends. So they are definitely spending 251 00:11:44,232 --> 00:11:47,140 on what they're enjoying a whole lot more. 252 00:11:47,440 --> 00:11:50,060 But I think in terms of, um, 253 00:11:50,430 --> 00:11:53,254 how that has evolved, their relationship 254 00:11:53,302 --> 00:11:56,262 with me is like, they obviously want the best for 255 00:11:56,286 --> 00:11:58,566 me and they care 256 00:11:58,718 --> 00:12:01,490 about, uh, how, 257 00:12:02,290 --> 00:12:04,806 uh, me and my wife, how we're thinking about personal 258 00:12:04,878 --> 00:12:07,622 finances and having a plan in place 259 00:12:07,726 --> 00:12:10,422 and um, making sure 260 00:12:10,526 --> 00:12:13,494 that, you know, um, we're going to 261 00:12:13,502 --> 00:12:16,490 be taken care of, uh, while we're going to be able to take care of ourselves. 262 00:12:16,850 --> 00:12:19,498 Um, I think there are. Fortunately, 263 00:12:19,674 --> 00:12:22,298 you know, when it comes to the relationship with 264 00:12:22,434 --> 00:12:25,402 me and my parents, I, um, don't think there's a 265 00:12:25,426 --> 00:12:26,910 whole lot of expectation, um, 266 00:12:27,898 --> 00:12:29,350 necessarily around, 267 00:12:30,770 --> 00:12:31,750 you know, 268 00:12:33,650 --> 00:12:36,522 got to take care of their retirement or the, you know, there's not 269 00:12:36,546 --> 00:12:39,402 that expectation, uh, for sure. 270 00:12:39,586 --> 00:12:41,738 Would they appreciate me helping out? 271 00:12:41,874 --> 00:12:44,520 Yes, um, I'm sure they would. 272 00:12:44,840 --> 00:12:47,160 Uh, but I do feel, 273 00:12:47,580 --> 00:12:50,412 uh, fortunate in that, you know, they have 274 00:12:50,436 --> 00:12:53,356 explicitly at least, at least said, like, don't worry 275 00:12:53,388 --> 00:12:55,772 about us, uh, we got the 276 00:12:55,796 --> 00:12:58,360 retirement covered. Uh, so far. 277 00:12:58,800 --> 00:13:01,564 Um, so that, that's, uh, been a 278 00:13:01,572 --> 00:13:03,080 conversation at least we've had. 279 00:13:03,620 --> 00:13:05,980 >> Anthony Weaver: And that's really good that you guys are having that open 280 00:13:06,020 --> 00:13:08,300 discussion, because when it comes to 281 00:13:08,340 --> 00:13:10,860 retirement, a lot of the times the parents are 282 00:13:10,900 --> 00:13:13,820 usually hesitant on even opening up about 283 00:13:13,860 --> 00:13:16,830 their finances. Um, how did you all, 284 00:13:16,830 --> 00:13:19,676 ah, got to that so comfortable talking 285 00:13:19,708 --> 00:13:22,572 about it. Like, uh, what, how did you even start that 286 00:13:22,596 --> 00:13:23,440 conversation? 287 00:13:24,980 --> 00:13:27,948 >> Dexter Zhang: Well, to be candid, we haven't talked about 288 00:13:28,004 --> 00:13:30,460 like, you know, super detailed, uh, 289 00:13:31,460 --> 00:13:33,930 you know, they haven't shared like, their financial plan or, 290 00:13:33,930 --> 00:13:36,582 uh, or anything like that. But 291 00:13:36,766 --> 00:13:38,550 they did share kind of, 292 00:13:38,550 --> 00:13:41,330 um, how they're feeling about 293 00:13:41,950 --> 00:13:44,770 their finances, how they were feeling about their plan, 294 00:13:45,410 --> 00:13:48,358 um, where do they feel comfortable 295 00:13:48,534 --> 00:13:51,222 and where they don't. Uh, so I 296 00:13:51,246 --> 00:13:53,830 think it was a 297 00:13:53,870 --> 00:13:56,534 evolution. When I first 298 00:13:56,622 --> 00:13:59,302 started out working 299 00:13:59,406 --> 00:14:02,198 and kind of taking care of my own career growth 300 00:14:02,254 --> 00:14:03,690 and finances. 301 00:14:05,360 --> 00:14:08,152 My parents started sharing a little bit more about 302 00:14:08,336 --> 00:14:11,192 their own journey and their 303 00:14:11,296 --> 00:14:14,296 progress in personal finances and how they've 304 00:14:14,328 --> 00:14:17,304 thought about it. Uh, but it probably wasn't until 305 00:14:17,472 --> 00:14:19,976 more recently, you know, now 306 00:14:20,048 --> 00:14:22,952 that my wife and I are married and now that 307 00:14:22,976 --> 00:14:25,896 my parents are retired, that we're both kind of like in a stage 308 00:14:25,928 --> 00:14:27,700 of life where, 309 00:14:28,550 --> 00:14:30,850 um, they're more openly 310 00:14:31,010 --> 00:14:33,986 sharing, you know, m, what, what they're 311 00:14:34,018 --> 00:14:36,962 planning for in the future because they understand, like, we're trying to make our 312 00:14:36,986 --> 00:14:39,794 plans as well, and they don't want to feel 313 00:14:39,882 --> 00:14:42,802 like they're in the way of any of those plants. 314 00:14:42,946 --> 00:14:44,230 >> Anthony Weaver: Nice. Okay. 315 00:14:44,650 --> 00:14:47,150 >> Dexter Zhang: Yeah. So I think that's probably the 316 00:14:47,770 --> 00:14:49,450 main trigger. Um, 317 00:14:50,910 --> 00:14:53,842 uh, more and more. Yeah, they, they, they want us to 318 00:14:53,866 --> 00:14:56,548 feel like we have our own level of 319 00:14:56,604 --> 00:14:59,200 independence and ability to 320 00:14:59,580 --> 00:15:01,588 take, um, control of our life decisions. 321 00:15:01,764 --> 00:15:04,292 >> Anthony Weaver: That makes sense because you're focusing 322 00:15:04,356 --> 00:15:07,236 on others, helping them out with their money 323 00:15:07,308 --> 00:15:10,292 path. And I'm always curious how it is when it 324 00:15:10,316 --> 00:15:13,076 comes to family and one of those things. Family 325 00:15:13,148 --> 00:15:15,972 members always look at you like, okay, well, here you 326 00:15:15,996 --> 00:15:18,948 go talking about money again. Like, can we talk about something 327 00:15:19,004 --> 00:15:19,380 else? 328 00:15:19,460 --> 00:15:22,452 Like, so, uh, uh, so what 329 00:15:22,476 --> 00:15:25,076 are the biggest misconceptions that people have about 330 00:15:25,148 --> 00:15:27,800 aligning their finances with their values? 331 00:15:29,660 --> 00:15:31,764 >> Dexter Zhang: Oh, um, biggest 332 00:15:31,812 --> 00:15:34,740 misconceptions for 333 00:15:34,780 --> 00:15:37,444 me, um, I, I, I would say that 334 00:15:37,612 --> 00:15:40,516 a lot of people that I see 335 00:15:40,588 --> 00:15:43,000 when they want to talk about money, it's 336 00:15:43,660 --> 00:15:45,040 really a, 337 00:15:46,000 --> 00:15:48,900 um, more black and white kind of kind of measure. Right? 338 00:15:48,940 --> 00:15:51,454 It's like, oh, you have either a lot of money or you 339 00:15:51,462 --> 00:15:54,450 don't. And that's Kind of the perception 340 00:15:54,870 --> 00:15:57,374 of talking about money and personal 341 00:15:57,462 --> 00:15:59,450 finances. But 342 00:15:59,580 --> 00:16:02,302 um, I think what's really underrated 343 00:16:02,366 --> 00:16:05,038 is the self awareness of what 344 00:16:05,094 --> 00:16:07,694 you value. Right. 345 00:16:07,782 --> 00:16:10,782 And ultimately whatever you spend on is just 346 00:16:10,806 --> 00:16:13,370 a reflection of whatever you value. 347 00:16:13,990 --> 00:16:16,450 But reflecting on your values 348 00:16:17,110 --> 00:16:19,806 takes a lot of work. It actually takes some time, 349 00:16:19,878 --> 00:16:22,862 takes some effort. Maybe that looks like doing some 350 00:16:22,886 --> 00:16:25,870 reflection. Maybe that looks like trying out different 351 00:16:25,910 --> 00:16:28,090 career paths. It's different for everyone. 352 00:16:28,630 --> 00:16:31,278 But I think that exercise of 353 00:16:31,414 --> 00:16:34,190 continuing to iterate, like your 354 00:16:34,230 --> 00:16:37,182 own understanding of your values is kind of like 355 00:16:37,206 --> 00:16:39,950 this foundational piece that then you 356 00:16:39,990 --> 00:16:42,450 can put um, 357 00:16:42,848 --> 00:16:45,720 like whatever kind of personal finance lesson on top of that. 358 00:16:45,760 --> 00:16:48,580 Kind of like a building block. Um, and 359 00:16:49,440 --> 00:16:52,280 money is that lens. Right. That your, your 360 00:16:52,320 --> 00:16:54,580 values really looks through. 361 00:16:54,880 --> 00:16:55,640 >> Anthony Weaver: Nice. 362 00:16:55,800 --> 00:16:56,216 >> Dexter Zhang: Okay. 363 00:16:56,248 --> 00:16:59,096 >> Anthony Weaver: That's a good way of doing it and I appreciate you sharing 364 00:16:59,128 --> 00:17:02,008 that because you know, some of our money 365 00:17:02,064 --> 00:17:04,936 values actually come from when we're children. And I'm 366 00:17:04,968 --> 00:17:07,300 glad that you were able to open up about 367 00:17:07,689 --> 00:17:10,189 your upbringing during that process. 368 00:17:11,260 --> 00:17:14,209 Um, so you ultimately come up with 369 00:17:14,249 --> 00:17:17,137 this cool product called like Money 370 00:17:17,193 --> 00:17:19,389 Abroad. What is it? 371 00:17:21,129 --> 00:17:23,889 >> Dexter Zhang: Definitely Money Abroad started off 372 00:17:23,929 --> 00:17:26,913 as a money newsletter 373 00:17:26,961 --> 00:17:29,873 for expats or people living abroad. And that was a 374 00:17:29,881 --> 00:17:32,100 reflection of my own personal um, 375 00:17:32,521 --> 00:17:35,154 experiences. Uh, moving from 376 00:17:35,242 --> 00:17:38,082 the US to uh, Singapore 377 00:17:38,226 --> 00:17:41,218 after. Yeah, pretty pretty much like 378 00:17:41,274 --> 00:17:44,242 most of my adult life. Um, up 379 00:17:44,266 --> 00:17:47,154 to that point I was, I was 380 00:17:47,242 --> 00:17:49,810 20. 28. 381 00:17:49,930 --> 00:17:52,738 Yeah, 28 or so. Uh, when I made that 382 00:17:52,794 --> 00:17:55,186 move. And what 383 00:17:55,258 --> 00:17:57,746 that's really showed me 384 00:17:57,818 --> 00:18:00,716 was like oh, wow, money kind of gets 385 00:18:00,748 --> 00:18:03,692 complicated when you're overseas. And that's how I initially 386 00:18:03,756 --> 00:18:06,428 started that newsletter. But over 387 00:18:06,484 --> 00:18:09,324 time it has evolved, uh, a little bit, 388 00:18:09,412 --> 00:18:11,610 has attracted people who are also non, non ah, 389 00:18:11,860 --> 00:18:14,284 expats. But they're excited 390 00:18:14,332 --> 00:18:17,080 about uh, carving out a, 391 00:18:17,570 --> 00:18:19,960 um, way to live on their own terms. 392 00:18:20,980 --> 00:18:23,080 Tends to be people who are 393 00:18:23,380 --> 00:18:25,400 maybe you know, 394 00:18:26,430 --> 00:18:29,100 seven to 15 years of um, 395 00:18:29,710 --> 00:18:32,662 experience into their careers and they're trying 396 00:18:32,686 --> 00:18:35,310 to figure out, okay, what next? Um, 397 00:18:35,790 --> 00:18:38,086 after the point of maybe 398 00:18:38,118 --> 00:18:40,886 you're thinking about starting a family or maybe 399 00:18:40,918 --> 00:18:43,530 you're realizing that you're 400 00:18:44,750 --> 00:18:47,254 not um, interested in walking the same career path 401 00:18:47,302 --> 00:18:49,942 for too much longer, then it's like 402 00:18:49,966 --> 00:18:52,812 okay, what next can you do? Um, and 403 00:18:52,836 --> 00:18:55,788 that's why I talk about Coast Fire as one of these 404 00:18:55,844 --> 00:18:58,764 topics, uh, and talk about portfolio 405 00:18:58,812 --> 00:19:00,924 careers and kind of introduce different 406 00:19:01,012 --> 00:19:03,292 alternatives, uh, for people in the 407 00:19:03,316 --> 00:19:05,676 newsletter that makes sense. 408 00:19:05,788 --> 00:19:08,396 >> Anthony Weaver: Especially what's going on today. And 409 00:19:08,548 --> 00:19:11,196 as a recent event, a lot of people are looking to become 410 00:19:11,268 --> 00:19:12,160 expats. 411 00:19:12,820 --> 00:19:15,660 What is the, I guess you could say what are 412 00:19:15,700 --> 00:19:18,572 the, the main steps that somebody can 413 00:19:18,596 --> 00:19:21,056 do right now to kind of prepare 414 00:19:21,088 --> 00:19:23,856 themselves if they thinking about going abroad or living 415 00:19:23,888 --> 00:19:24,580 abroad. 416 00:19:26,040 --> 00:19:28,720 >> Dexter Zhang: Totally. I think the biggest 417 00:19:28,800 --> 00:19:31,740 blocker for a lot of people is 418 00:19:32,440 --> 00:19:33,700 understanding. 419 00:19:34,020 --> 00:19:36,560 Um, you know, if. If 420 00:19:36,600 --> 00:19:39,500 you're just an individual at this point, 421 00:19:40,000 --> 00:19:42,752 uh, then you just got to think about your own 422 00:19:42,776 --> 00:19:45,760 career path. And then you got to figure out, like, okay, how 423 00:19:45,800 --> 00:19:48,526 does your career path translates to 424 00:19:48,598 --> 00:19:50,730 something overseas? Right. 425 00:19:51,350 --> 00:19:54,334 And then if you have another, uh, if you have a 426 00:19:54,342 --> 00:19:57,262 partner, then, uh, that means also translating, like, 427 00:19:57,286 --> 00:19:59,726 what they're doing career wise into 428 00:19:59,798 --> 00:20:02,734 something overseas. And finding 429 00:20:02,782 --> 00:20:05,742 kind of the intersection of that can be a 430 00:20:05,766 --> 00:20:08,494 little bit, uh, can be a little bit tricky if you 431 00:20:08,502 --> 00:20:10,974 have, uh, specific kind of career 432 00:20:11,022 --> 00:20:13,720 goals. However, if you're more 433 00:20:13,760 --> 00:20:16,696 flexible or if you're fortunate and there's 434 00:20:16,728 --> 00:20:19,480 like, certain cities that just like, really map really well 435 00:20:19,520 --> 00:20:22,180 with what you're trying to do, then 436 00:20:22,720 --> 00:20:25,368 that can work out, like, that can be feasible. An 437 00:20:25,424 --> 00:20:28,024 example of this would be for, uh, me. I'm in 438 00:20:28,032 --> 00:20:30,792 Mexico City now, but before we were in 439 00:20:30,816 --> 00:20:33,800 Singapore, and, uh, that was a great 440 00:20:33,840 --> 00:20:36,632 intersection of. My wife is Australian. A lot of 441 00:20:36,656 --> 00:20:39,622 Australians moved to Singapore for career opportunities. Anyways, 442 00:20:39,776 --> 00:20:42,230 thanks. Um, so that was 443 00:20:42,770 --> 00:20:45,658 a, you know, good next step 444 00:20:45,714 --> 00:20:48,522 for, for her. And then for me, I 445 00:20:48,546 --> 00:20:51,130 was interested in living in Southeast, uh, 446 00:20:51,562 --> 00:20:54,362 Asia. And there were, you know, uh, in 447 00:20:54,386 --> 00:20:57,230 terms of my industry, there were a lot of opportunities 448 00:20:57,570 --> 00:21:00,298 in terms of the tech industry at the time, um, in 449 00:21:00,354 --> 00:21:03,322 Singapore. So there was that kind 450 00:21:03,346 --> 00:21:05,988 of happy intersection for us that happened 451 00:21:06,004 --> 00:21:08,932 there. Uh, for others, it might be, uh, different. I 452 00:21:08,956 --> 00:21:11,640 think I saw you had, uh, Stephanie on your podcast. 453 00:21:13,740 --> 00:21:16,532 Yeah, yeah. Um, we met at fincon as 454 00:21:16,556 --> 00:21:19,428 well, and Stephanie's a great example of, 455 00:21:19,484 --> 00:21:22,356 you know, um, the Portugal expat community and, 456 00:21:22,428 --> 00:21:24,980 you know, lifestyle in 457 00:21:25,020 --> 00:21:27,732 Portugal kind of being a match for 458 00:21:27,836 --> 00:21:30,564 what her and husband, um, were 459 00:21:30,652 --> 00:21:31,440 looking for. 460 00:21:32,670 --> 00:21:35,590 >> Anthony Weaver: Nice. Because, I mean, we try 461 00:21:35,630 --> 00:21:38,450 to figure out, like, how do we actually make money? 462 00:21:38,750 --> 00:21:39,782 You know, when you're. 463 00:21:39,846 --> 00:21:40,438 >> Dexter Zhang: Exactly. 464 00:21:40,534 --> 00:21:43,174 >> Anthony Weaver: And exactly. Do you teach 465 00:21:43,222 --> 00:21:45,894 somebody, um, English or 466 00:21:46,062 --> 00:21:48,918 usually. That's usually the one that everybody go to. And I'm 467 00:21:48,934 --> 00:21:50,838 like, okay, do something. 468 00:21:50,894 --> 00:21:53,878 >> Dexter Zhang: Oh, no, no, no, no, no. Yeah, that's. That tends to be 469 00:21:53,934 --> 00:21:56,902 like a recent college grad, maybe 22 or 470 00:21:56,926 --> 00:21:59,598 something. Great, great, 471 00:21:59,654 --> 00:22:02,382 great. You know, starting point for a lot of 472 00:22:02,406 --> 00:22:05,374 people. Um, definitely not knocking 473 00:22:05,502 --> 00:22:08,494 English teachers, uh, you know, in South Korea or 474 00:22:08,502 --> 00:22:11,406 something. I think it's really cool. Um, but, yeah, 475 00:22:11,438 --> 00:22:14,366 probably not, like, if you're. If you have a family, if you're, 476 00:22:14,478 --> 00:22:17,246 you know, in your 30s or, uh, 40s, 477 00:22:17,358 --> 00:22:19,742 looking to make a transition. So 478 00:22:19,846 --> 00:22:22,814 definitely, you know, figuring out how you're going 479 00:22:22,822 --> 00:22:25,454 to make money like the career path, seeing if your career path 480 00:22:25,502 --> 00:22:28,216 can continue to extend overseas. I think it's 481 00:22:28,248 --> 00:22:31,192 quite important. Um, and if 482 00:22:31,216 --> 00:22:34,180 you can take a look at your particular industry 483 00:22:34,560 --> 00:22:37,448 and see like are there any cities where your industry is 484 00:22:37,504 --> 00:22:40,280 pretty prominent then you 485 00:22:40,320 --> 00:22:42,504 might find some m. Happy 486 00:22:42,552 --> 00:22:45,512 overlaps. So I know for example in 487 00:22:45,536 --> 00:22:48,376 terms of um, you know the tech industry, 488 00:22:48,448 --> 00:22:51,400 because I've been in this industry for 489 00:22:51,440 --> 00:22:54,306 a decade, is that there's several global 490 00:22:54,378 --> 00:22:56,818 cities um, that now 491 00:22:56,874 --> 00:22:59,682 have uh, thriving 492 00:22:59,746 --> 00:23:02,658 kind of tech ecosystems and they want 493 00:23:02,794 --> 00:23:05,490 to invest further into it. So 494 00:23:05,530 --> 00:23:07,990 places like uh, London, 495 00:23:08,480 --> 00:23:11,346 um, is one example that is I've 496 00:23:11,378 --> 00:23:13,320 known several um, 497 00:23:14,250 --> 00:23:16,930 people working in the tech industries either as 498 00:23:16,970 --> 00:23:19,390 professionals or as founders moving there 499 00:23:19,910 --> 00:23:22,622 in Asia. Of course Singapore is uh, an 500 00:23:22,646 --> 00:23:25,470 example of that. Ah so those 501 00:23:25,510 --> 00:23:28,380 are some um, potential examples. Um 502 00:23:28,470 --> 00:23:30,650 Mexico City as well there are 503 00:23:30,900 --> 00:23:33,726 um, as a hub for Latin 504 00:23:33,758 --> 00:23:36,142 America it's becoming 505 00:23:36,286 --> 00:23:38,890 more um, attractive for 506 00:23:39,350 --> 00:23:42,318 tech, uh, companies kind of like base their operations 507 00:23:42,494 --> 00:23:45,422 there, uh, uh, for the Spanish speaking part of 508 00:23:45,446 --> 00:23:47,888 Latin America. So those are some examples 509 00:23:47,984 --> 00:23:50,840 of how uh, 510 00:23:50,840 --> 00:23:53,168 when you take a look at your industry you might find like a few 511 00:23:53,224 --> 00:23:56,224 cities that are quite good for your 512 00:23:56,312 --> 00:23:59,200 industry and then um, you can 513 00:23:59,320 --> 00:24:02,192 maybe visit, you know, talk to some people, get a sense on 514 00:24:02,216 --> 00:24:04,864 the ground as well. So for 515 00:24:04,872 --> 00:24:07,824 example when um, my wife and 516 00:24:07,832 --> 00:24:10,784 I were considering moving to Singapore, I had already visited 517 00:24:10,832 --> 00:24:13,780 before and then I spent some time networking 518 00:24:14,260 --> 00:24:17,100 like I did a couple trips in 519 00:24:17,140 --> 00:24:20,012 addition just to network and 520 00:24:20,116 --> 00:24:22,636 meet people, uh, working in an 521 00:24:22,708 --> 00:24:24,760 industry that I want to work in. 522 00:24:25,220 --> 00:24:28,092 And uh, I learned a lot from 523 00:24:28,116 --> 00:24:30,988 those conversations because the reality is 524 00:24:31,044 --> 00:24:34,012 like most of the time the information you 525 00:24:34,036 --> 00:24:37,020 see on the Internet is like totally out of date or it's just not 526 00:24:37,060 --> 00:24:39,600 always like an accurate reflection of what's happening 527 00:24:39,940 --> 00:24:42,760 um, on the ground. So uh, 528 00:24:42,930 --> 00:24:45,870 actually going, meeting people, having conversations, 529 00:24:46,420 --> 00:24:49,322 um, or if you can't visit, you know, having at 530 00:24:49,346 --> 00:24:52,260 least doing outreach to uh, 531 00:24:52,260 --> 00:24:55,162 to potential ah, people are kind of in 532 00:24:55,186 --> 00:24:57,834 a similar role in your target 533 00:24:57,922 --> 00:25:00,794 city. Or maybe a super connector, like someone who 534 00:25:00,882 --> 00:25:03,514 is really um, like ah, like a community 535 00:25:03,602 --> 00:25:06,462 manager or a community leader. Right. Um, in, in 536 00:25:06,486 --> 00:25:09,038 that city. I think it's a great person to, to connect 537 00:25:09,054 --> 00:25:11,982 with and that can, that can 538 00:25:12,006 --> 00:25:14,846 be helpful to get some feedback on um, how 539 00:25:14,918 --> 00:25:17,534 is like the job market doing. What are the 540 00:25:17,542 --> 00:25:20,446 opportunities for someone like with a, with a background 541 00:25:20,478 --> 00:25:22,222 like me? Those kind of questions. 542 00:25:22,366 --> 00:25:24,890 >> Anthony Weaver: Yeah, and you've been doing, 543 00:25:25,270 --> 00:25:27,902 I say yes, traveling is awesome 544 00:25:28,046 --> 00:25:30,734 but also you gotta get a means to, to why you want to 545 00:25:30,742 --> 00:25:33,630 travel, um, but also in your 546 00:25:33,670 --> 00:25:36,062 journey you've done so much in 547 00:25:36,086 --> 00:25:38,862 tech. Where do you see the 548 00:25:38,886 --> 00:25:41,854 tech industry when it comes to financial 549 00:25:41,942 --> 00:25:44,798 tech that's going to help out the people, the everyday person 550 00:25:44,854 --> 00:25:47,530 that's really pinching pennies right now. 551 00:25:49,430 --> 00:25:52,094 >> Dexter Zhang: Definitely. So I think on 552 00:25:52,182 --> 00:25:54,974 one hand, uh, you know, you're 553 00:25:55,022 --> 00:25:57,970 seeing obviously like more 554 00:25:58,420 --> 00:26:01,158 uh, technologies. Uh, technology 555 00:26:01,294 --> 00:26:04,262 is always changing. Right. And because of that the 556 00:26:04,286 --> 00:26:07,126 tools that we have are always changing. 557 00:26:07,300 --> 00:26:09,410 Uh, personal finance is 558 00:26:09,870 --> 00:26:12,822 one kind of area 559 00:26:12,926 --> 00:26:15,878 where those tools, uh, change really rapidly. They're 560 00:26:15,894 --> 00:26:18,630 getting so much easier to use from a consumer 561 00:26:18,790 --> 00:26:21,702 standpoint. I think in terms of managing 562 00:26:21,766 --> 00:26:24,420 finances, 15 years ago, 563 00:26:24,540 --> 00:26:27,492 10 plus years ago, I think all 564 00:26:27,596 --> 00:26:30,484 I can really think of using at that point in 565 00:26:30,492 --> 00:26:32,720 time was mint. But now there's like, 566 00:26:33,500 --> 00:26:36,308 you know, so, so many different options. Right. So it's 567 00:26:36,404 --> 00:26:39,332 I think a great time for consumers 568 00:26:39,396 --> 00:26:42,160 of these tools. So 569 00:26:42,860 --> 00:26:45,700 a lot of these tools are pretty low costs as 570 00:26:45,740 --> 00:26:48,388 well. Uh, or like the, the cost 571 00:26:48,444 --> 00:26:51,140 of using these personal finance tools are also 572 00:26:51,180 --> 00:26:53,812 getting um, less and 573 00:26:53,916 --> 00:26:55,920 less. And, 574 00:26:56,620 --> 00:26:59,396 and it's not just the tools for managing finances. It's 575 00:26:59,428 --> 00:27:02,250 also the um, 576 00:27:02,250 --> 00:27:05,070 investment tools, the uh, 577 00:27:05,100 --> 00:27:08,068 funds for investments. Uh, so 578 00:27:08,204 --> 00:27:11,108 example this would be like Vanguard is continuing to reduce their, 579 00:27:11,164 --> 00:27:13,956 their fees. I think they just announced they reduced their fees 580 00:27:13,988 --> 00:27:16,884 again, um, right. Over time. And 581 00:27:16,972 --> 00:27:19,632 I think that's something that anyone can take 582 00:27:19,656 --> 00:27:22,450 advantage of. Right. Uh, those, those 583 00:27:22,450 --> 00:27:25,360 um, reduced fee kind of opportunities for 584 00:27:25,400 --> 00:27:26,340 investments. 585 00:27:27,000 --> 00:27:29,824 >> Anthony Weaver: That's good. Um, because I, I just want people to know. 586 00:27:29,912 --> 00:27:32,640 Well, I want the person that's listening right now to know that 587 00:27:32,760 --> 00:27:35,584 you do have what it takes. I mean it's right there at your 588 00:27:35,592 --> 00:27:38,500 fingertips. Just gotta press the button. 589 00:27:39,960 --> 00:27:42,940 >> Dexter Zhang: Exactly, exactly. So the tool, the tools are there, 590 00:27:43,230 --> 00:27:45,482 uh, the, you know, 591 00:27:45,586 --> 00:27:48,138 investments are there with low fees 592 00:27:48,314 --> 00:27:50,890 are there. And yeah, it's 593 00:27:50,970 --> 00:27:53,562 really, it's really um, up to you 594 00:27:53,586 --> 00:27:56,522 to you know, do, do some light research on 595 00:27:56,546 --> 00:27:59,354 like what, what it is, you know, fits your particular 596 00:27:59,442 --> 00:28:02,362 goals. But they're definitely accessible, 597 00:28:02,410 --> 00:28:03,786 um, at this point in time. 598 00:28:03,938 --> 00:28:04,538 >> Anthony Weaver: Yeah. 599 00:28:04,634 --> 00:28:07,466 So this is about you though. Like what areas 600 00:28:07,538 --> 00:28:10,230 of focus that you feel 601 00:28:10,600 --> 00:28:13,380 needs the most improvement for yourself? 602 00:28:14,200 --> 00:28:16,380 >> Dexter Zhang: Oh, good. Uh, question. 603 00:28:18,920 --> 00:28:20,860 So I think in terms of, 604 00:28:21,730 --> 00:28:24,060 um, in terms of, 605 00:28:24,920 --> 00:28:27,792 you know, life stage, my wife and I 606 00:28:27,816 --> 00:28:30,672 are kind of at the stage where, you know, we don't have kids yet. We 607 00:28:30,696 --> 00:28:32,140 haven't really thought of, 608 00:28:33,420 --> 00:28:36,032 uh, you know, plan too far ahead, of 609 00:28:36,056 --> 00:28:38,534 course, but we do want to like, be financially 610 00:28:38,582 --> 00:28:41,558 prepared. Uh. Right. Like 611 00:28:41,614 --> 00:28:44,610 if and when we do have kids, uh, then 612 00:28:44,910 --> 00:28:47,430 don't want to be totally like blindsided by all 613 00:28:47,470 --> 00:28:50,054 that. And then I think the other thing. 614 00:28:50,222 --> 00:28:53,174 Exactly. Uh, and then I think the other thing is just figuring 615 00:28:53,222 --> 00:28:55,686 out like, you know, because she's Australian, I'm 616 00:28:55,718 --> 00:28:58,534 American, we're living in Mexico City. 617 00:28:58,622 --> 00:29:01,398 The question we always get is like, where are you going to end up? 618 00:29:01,534 --> 00:29:03,730 You know, where you were going to, 619 00:29:04,260 --> 00:29:06,848 uh, put roots? Like that kind of question. 620 00:29:06,984 --> 00:29:09,424 And. Well, I think it's a very 621 00:29:09,512 --> 00:29:12,256 valid question. Uh, because 622 00:29:12,328 --> 00:29:15,312 of our background, I 623 00:29:15,336 --> 00:29:17,952 think we're a bit more flexible in terms of, in terms of 624 00:29:17,976 --> 00:29:20,768 location and um, in terms 625 00:29:20,824 --> 00:29:23,712 of the lifestyle that comes with that. Uh, but 626 00:29:23,736 --> 00:29:26,140 I think that is something we 627 00:29:26,680 --> 00:29:29,610 want uh, to figure out at least on a year 628 00:29:29,650 --> 00:29:32,554 by year, like a shorter time frame kind of horizon. 629 00:29:32,682 --> 00:29:35,466 Maybe let's say next two to three years. Okay. Like this, 630 00:29:35,538 --> 00:29:37,910 this kind of chunk of time. Um, 631 00:29:37,910 --> 00:29:40,794 whereas some people want to plan out much longer. It's like, 632 00:29:40,802 --> 00:29:43,242 okay, next, like 20 years, like we want to be here. 633 00:29:43,426 --> 00:29:45,710 Right. Um, 634 00:29:45,810 --> 00:29:48,714 so those areas, the 635 00:29:48,802 --> 00:29:50,870 family planning and also 636 00:29:51,970 --> 00:29:54,890 planning, um, out, okay, location wise, where, 637 00:29:54,930 --> 00:29:56,310 where do we want to like, 638 00:29:56,950 --> 00:29:59,850 uh, let's say, uh, 639 00:30:00,260 --> 00:30:03,180 open up accounts or figure out our cost of living? Like 640 00:30:03,220 --> 00:30:05,468 those, those kind of questions are impacted 641 00:30:05,644 --> 00:30:08,604 by where we're going to be for the 642 00:30:08,612 --> 00:30:09,612 next two or three years. 643 00:30:09,716 --> 00:30:10,540 >> Anthony Weaver: That makes sense. 644 00:30:10,620 --> 00:30:13,484 So that brings up the question then, how are 645 00:30:13,492 --> 00:30:16,160 you feeling about renting versus owning? 646 00:30:17,540 --> 00:30:18,520 >> Dexter Zhang: Great question. 647 00:30:21,540 --> 00:30:24,434 So I'm going to be own bias because 648 00:30:24,522 --> 00:30:26,994 my life has been overseas 649 00:30:27,122 --> 00:30:29,922 and definitely been shaped 650 00:30:29,986 --> 00:30:32,030 by the 651 00:30:32,570 --> 00:30:35,538 desire for flexibility and 652 00:30:35,594 --> 00:30:38,594 mobility. So while I 653 00:30:38,602 --> 00:30:41,282 think earlier in my career I 654 00:30:41,386 --> 00:30:43,900 was interested in potentially uh, 655 00:30:44,338 --> 00:30:46,630 buying at, at that stage, 656 00:30:48,010 --> 00:30:50,896 especially I think in the middle 2000 and tens, it seemed 657 00:30:50,928 --> 00:30:53,824 to make a lot of sense or I had a lot of 658 00:30:53,992 --> 00:30:56,820 peers, like friends, colleagues 659 00:30:57,400 --> 00:31:00,270 signing to buy at that um, point in time. Uh, 660 00:31:00,270 --> 00:31:03,056 but for me I realized, okay, well, if I'm 661 00:31:03,088 --> 00:31:05,740 gonna try this moving abroad thing, 662 00:31:06,760 --> 00:31:09,648 which, you know, first started off as a travel sabbatical and then 663 00:31:09,704 --> 00:31:12,672 move and then actually moving overseas after I realized like, 664 00:31:12,696 --> 00:31:15,580 oh, this is actually kind of nice, I, I like this. 665 00:31:16,060 --> 00:31:19,060 Then I discovered, well, it might 666 00:31:19,100 --> 00:31:22,000 not be totally worth it, right. From 667 00:31:23,020 --> 00:31:25,492 a financial perspective and from a lifestyle 668 00:31:25,556 --> 00:31:28,340 perspective if I'm not living in that 669 00:31:28,380 --> 00:31:31,200 home, so I'm not really using it and I have to rent it out. 670 00:31:31,460 --> 00:31:34,164 Um, but then I have to also 671 00:31:34,252 --> 00:31:37,252 consider the operational pieces of it 672 00:31:37,436 --> 00:31:40,292 putting uh, the sweat of figuring out what 673 00:31:40,316 --> 00:31:43,058 happens when things go wrong, who's going to deal with it, 674 00:31:43,204 --> 00:31:46,102 how to get a property manager in that area, that kind 675 00:31:46,126 --> 00:31:48,290 of thing. So 676 00:31:48,820 --> 00:31:51,414 um, long story short, I am, 677 00:31:51,582 --> 00:31:54,370 I, I prefer renting. And 678 00:31:55,470 --> 00:31:58,454 the main, yeah, the main thing for me and 679 00:31:58,462 --> 00:32:01,046 my wife is that ah, ah, Flexibility. So 680 00:32:01,118 --> 00:32:03,760 Kenley, I mean, my wife also has, ah, um, 681 00:32:04,520 --> 00:32:07,062 uh, property in Australia. But even 682 00:32:07,166 --> 00:32:10,022 still, uh, that was like, from before we 683 00:32:10,046 --> 00:32:12,798 got married. And um, I don't think 684 00:32:12,854 --> 00:32:15,694 we're totally tied to the 685 00:32:15,702 --> 00:32:18,570 idea of like, keeping it for forever or anything like that. 686 00:32:18,950 --> 00:32:21,950 >> Anthony Weaver: Hey, I mean, this is why it's the features. I like having this 687 00:32:21,990 --> 00:32:24,942 open discussion because a lot of people are 688 00:32:24,966 --> 00:32:27,470 at that point now. It's like, hey, we have our 689 00:32:27,510 --> 00:32:30,430 foundation nice and solid. So 690 00:32:30,470 --> 00:32:33,342 what now? And you're a perfect 691 00:32:33,406 --> 00:32:36,190 example of like, hey, we don't know what's going to happen 692 00:32:36,230 --> 00:32:39,050 next, but at least within the next two years there'll be something. 693 00:32:41,680 --> 00:32:44,504 >> Dexter Zhang: Exactly, exactly. We, yeah, we, we do consider 694 00:32:44,592 --> 00:32:47,256 that, that downside risk. And 695 00:32:47,408 --> 00:32:50,216 what we want to avoid is 696 00:32:50,368 --> 00:32:53,032 a situation where, let's 697 00:32:53,096 --> 00:32:55,780 say, oh, we have to move because, 698 00:32:56,730 --> 00:32:59,480 uh, our, our parents are, you know, not 699 00:32:59,520 --> 00:33:01,930 feeling well. That that's a real possibility. Um, 700 00:33:02,800 --> 00:33:05,580 well, they're healthy now, of course, but, you know, just, 701 00:33:05,760 --> 00:33:08,148 just in case. And in that 702 00:33:08,204 --> 00:33:10,852 scenario, then if we had a 703 00:33:10,876 --> 00:33:13,268 property that we had 704 00:33:13,404 --> 00:33:16,164 purchased and we had the mortgage and the loan 705 00:33:16,212 --> 00:33:19,050 payments, um, 706 00:33:19,050 --> 00:33:21,764 that would probably restrict our mobility and restrict 707 00:33:21,812 --> 00:33:24,612 our flexibility. Unless if we like, rent it out. But then we have 708 00:33:24,636 --> 00:33:27,600 to then go through the whole process of, 709 00:33:28,370 --> 00:33:31,246 um, getting property manager, like, figuring 710 00:33:31,278 --> 00:33:34,254 out the operational, operational, uh, uh, side of 711 00:33:34,262 --> 00:33:37,198 it. So that's what we wanted 712 00:33:37,214 --> 00:33:40,190 to avoid and give ourselves a bit more 713 00:33:40,230 --> 00:33:41,166 breathing room. 714 00:33:41,318 --> 00:33:44,110 >> Anthony Weaver: Yeah. And considering you're selling your 30s, 715 00:33:44,190 --> 00:33:46,942 which is a great way to kind of like you 716 00:33:46,966 --> 00:33:49,934 starting to slow down a little bit from when in your 20s, you 717 00:33:49,942 --> 00:33:52,862 were just all over the place. Uh, and it's a good way to do 718 00:33:52,886 --> 00:33:55,470 it. I mean, I wouldn't mind if. I would 719 00:33:55,510 --> 00:33:57,902 say I'm not sure how this show will 720 00:33:57,926 --> 00:34:00,900 evolve, but if the show was still here in 10 721 00:34:00,940 --> 00:34:03,940 years, I would love to actually have you back on and be like, you know, 722 00:34:03,980 --> 00:34:06,400 we did wind up doing all the things. 723 00:34:09,020 --> 00:34:11,972 >> Dexter Zhang: I love that. Yeah, that would be fantastic. And 724 00:34:11,996 --> 00:34:14,990 I don't know if you've done this for, uh, 725 00:34:15,260 --> 00:34:18,180 previous, uh, podcast guests, but I think that's a great idea just 726 00:34:18,220 --> 00:34:21,140 to, uh, show like, hey, we talked about these topics. Let's 727 00:34:21,220 --> 00:34:24,116 take a look, you know, few years later, what actually 728 00:34:24,188 --> 00:34:25,520 happens in their life? 729 00:34:26,309 --> 00:34:29,117 >> Anthony Weaver: Well, I can tell you a lot of the people that I interviewed during my 730 00:34:29,173 --> 00:34:32,013 first season, they no longer have that business. And I 731 00:34:32,021 --> 00:34:34,493 can't even find them on social. So 732 00:34:34,581 --> 00:34:37,437 they, uh, dismantled. So it's very 733 00:34:37,493 --> 00:34:40,445 few of them has continued on. And my podcast 734 00:34:40,477 --> 00:34:42,813 is only coming up on five years. So 735 00:34:42,981 --> 00:34:45,661 it's wow to See, that's really interesting. 736 00:34:45,805 --> 00:34:48,733 Yeah. And I try to send them emails but it's good like you 737 00:34:48,741 --> 00:34:51,378 know, that uh, the 404 error. And I'm 738 00:34:51,394 --> 00:34:54,242 like, I at least wanted to at least come back 739 00:34:54,266 --> 00:34:55,938 on to at least say what happened. 740 00:34:56,114 --> 00:34:56,830 >> Dexter Zhang: But 741 00:34:57,520 --> 00:35:00,194 ah, that would be a 742 00:35:00,202 --> 00:35:03,122 really great episode if you do manage to get them 743 00:35:03,146 --> 00:35:06,002 back on. Maybe we'll see them at 744 00:35:06,026 --> 00:35:08,270 fincon and I, I can help. 745 00:35:10,010 --> 00:35:10,790 >> Anthony Weaver: Maybe. 746 00:35:11,610 --> 00:35:12,390 >> Dexter Zhang: Yeah. 747 00:35:12,930 --> 00:35:15,874 >> Anthony Weaver: Um, so is there anything that you want to 748 00:35:15,882 --> 00:35:18,790 leave the audience with before we dive into the final four questions? 749 00:35:20,580 --> 00:35:23,228 >> Dexter Zhang: I m. Think uh, just to 750 00:35:23,364 --> 00:35:26,140 summarize what we had uh, talked about a little 751 00:35:26,180 --> 00:35:29,068 bit earlier, I want to emphasize 752 00:35:29,164 --> 00:35:32,124 that it really helped, uh, me and my wife 753 00:35:32,172 --> 00:35:35,052 did the exercise to figure out, you 754 00:35:35,076 --> 00:35:38,060 know, what we viewed as our top values. 755 00:35:38,220 --> 00:35:41,220 And fortunately a lot of them were aligned, uh, 756 00:35:41,276 --> 00:35:44,140 which is great. And that really helped us 757 00:35:44,180 --> 00:35:46,800 get clarity on how do 758 00:35:46,840 --> 00:35:49,744 we, how do we approach like work more intentionally, how 759 00:35:49,752 --> 00:35:52,240 do we approach money, uh, more 760 00:35:52,280 --> 00:35:55,232 intentionally, uh, and prioritize, 761 00:35:55,376 --> 00:35:58,220 you know, how, how we want to save and invest, 762 00:35:58,640 --> 00:36:01,632 uh, for, for different things. An example of this is like 763 00:36:01,736 --> 00:36:04,352 so when my wife and I got married, we 764 00:36:04,536 --> 00:36:07,260 had a couple smaller banquets in 765 00:36:07,540 --> 00:36:10,464 uh, Singapore, in Sydney and in Shanghai 766 00:36:10,512 --> 00:36:13,436 with our family members and some extended family 767 00:36:13,508 --> 00:36:16,380 and um, you know, a few friends here, 768 00:36:16,420 --> 00:36:19,148 here and there. But we didn't do like a really, really big 769 00:36:19,204 --> 00:36:21,660 wedding because uh, neither of 770 00:36:21,700 --> 00:36:24,668 us really prioritized that as like, oh, 771 00:36:24,684 --> 00:36:27,260 we really, really want to have like a huge wedding 772 00:36:27,340 --> 00:36:30,284 celebration. I mean in the future we would like to maybe 773 00:36:30,332 --> 00:36:33,132 do like a uh, do like an anniversary 774 00:36:33,196 --> 00:36:35,800 party with a group of friends and that would be really fun. 775 00:36:36,010 --> 00:36:38,678 Um, but instead what we did 776 00:36:38,734 --> 00:36:41,574 with, you know, what we would have spent on a 777 00:36:41,582 --> 00:36:44,182 wedding, we put it put away for a 778 00:36:44,206 --> 00:36:47,142 honeymoon. So later, you know, we'll take 779 00:36:47,166 --> 00:36:50,022 a really nice honeymoon to do like a safari in Tanzania 780 00:36:50,086 --> 00:36:52,770 and like go to Hawaii and like that. That 781 00:36:53,790 --> 00:36:56,678 doesn't really put any pressure on us financially because we 782 00:36:56,734 --> 00:36:59,638 already had allocated that, um, and 783 00:36:59,694 --> 00:37:02,278 we're pretty excited for it and looking forward 784 00:37:02,334 --> 00:37:05,164 to making that happen. But that required 785 00:37:05,212 --> 00:37:07,868 us to make some trade offs right in terms 786 00:37:07,924 --> 00:37:10,780 of um, what it is we wanted. And 787 00:37:10,820 --> 00:37:12,240 that started with the values. 788 00:37:12,900 --> 00:37:15,820 >> Anthony Weaver: That is awesome that you guys were on the same page with 789 00:37:15,860 --> 00:37:18,520 that and hopefully that 790 00:37:18,710 --> 00:37:20,956 uh, the person that's listening is really 791 00:37:21,108 --> 00:37:23,880 taking note on. 792 00:37:24,180 --> 00:37:26,908 Hey, it doesn't have to be done all at once. 793 00:37:27,044 --> 00:37:29,480 You can have everything but just not at the same time. 794 00:37:29,790 --> 00:37:30,646 You'll get it. 795 00:37:30,718 --> 00:37:33,174 >> Dexter Zhang: Exactly, exactly. Well 796 00:37:33,262 --> 00:37:36,182 said. Yeah, we can do a party, 797 00:37:36,366 --> 00:37:39,334 maybe not, you know, for 798 00:37:39,422 --> 00:37:41,942 the wedding itself, but Maybe in, like, a few years, do an 799 00:37:41,966 --> 00:37:44,854 anniversary party, Something like that. 800 00:37:45,022 --> 00:37:47,670 >> Anthony Weaver: Yeah. Well, you ready for the final four 801 00:37:47,710 --> 00:37:48,278 questions? 802 00:37:48,374 --> 00:37:50,214 >> Dexter Zhang: Yeah, let's do it, Anthony. Let it rip. 803 00:37:50,262 --> 00:37:50,930 >> Anthony Weaver: All right, 804 00:37:55,310 --> 00:37:56,342 next. They're ready. 805 00:37:56,406 --> 00:37:59,184 So, number one, um, what does 806 00:37:59,272 --> 00:38:01,020 wealth mean to you? 807 00:38:01,480 --> 00:38:02,940 >> Dexter Zhang: Wealth? For me? 808 00:38:05,880 --> 00:38:08,784 Yeah. It used to traditionally mean, like, just having tons of money, 809 00:38:08,872 --> 00:38:11,696 but now, uh, the older I get 810 00:38:11,848 --> 00:38:14,540 and maybe, you know, 10 years later when, 811 00:38:14,970 --> 00:38:17,872 uh, we revisit this, it'll sound different. Is that 812 00:38:17,896 --> 00:38:20,864 in my 30s, it really is about flexibility. It's. It's about 813 00:38:20,952 --> 00:38:23,660 giving me some control over my time 814 00:38:24,060 --> 00:38:26,932 and, uh, flexibility and not 815 00:38:26,956 --> 00:38:29,840 having to worry, uh, too much about, 816 00:38:30,790 --> 00:38:32,640 uh, about how I'm spending money. 817 00:38:33,740 --> 00:38:36,740 >> Anthony Weaver: Perfect. Number two, what 818 00:38:36,780 --> 00:38:38,772 was your worst money mistake? 819 00:38:38,916 --> 00:38:41,572 >> Dexter Zhang: For me, you know, I 820 00:38:41,596 --> 00:38:44,468 started investing when I think I was 821 00:38:44,524 --> 00:38:47,348 18, and I just got into college, and I opened 822 00:38:47,364 --> 00:38:50,138 up a brokerage at E Trade, and 823 00:38:50,194 --> 00:38:52,698 I just picked a couple stocks and, you know, 824 00:38:52,754 --> 00:38:55,610 started started, um, investing that 825 00:38:55,650 --> 00:38:58,570 way. And then it wasn't until, like, maybe a couple years 826 00:38:58,610 --> 00:39:01,562 later, I learned about index funds. And I was like, 827 00:39:01,586 --> 00:39:04,320 oh, this is a much smarter way, uh, 828 00:39:04,320 --> 00:39:07,194 to. To do this. And I thought that 829 00:39:07,362 --> 00:39:10,154 afterwards I kind of figured it out. I was like, 830 00:39:10,162 --> 00:39:12,906 oh, well, I just invest in boring index 831 00:39:12,938 --> 00:39:15,686 funds. And that's, like, pretty simple. But what I didn't 832 00:39:15,718 --> 00:39:18,646 expect is how, uh, emotional investing 833 00:39:18,678 --> 00:39:21,398 is. And inevitably, you know, 834 00:39:21,454 --> 00:39:24,358 over the past, uh, like 835 00:39:24,494 --> 00:39:27,254 12 years or so since then, I've still, 836 00:39:27,342 --> 00:39:30,262 like, felt the. Felt the attraction of, 837 00:39:30,286 --> 00:39:33,000 like, oh, maybe it's, like, speculating on, um, 838 00:39:33,310 --> 00:39:35,878 certain stocks. Or maybe. Maybe it's like, 839 00:39:36,014 --> 00:39:37,510 oh, crypto bull run. 840 00:39:37,550 --> 00:39:37,750 >> Anthony Weaver: Why. 841 00:39:37,790 --> 00:39:40,470 >> Dexter Zhang: Why are all my friends talking about it? Maybe. Maybe I should, 842 00:39:40,510 --> 00:39:42,380 like, you know, 843 00:39:43,320 --> 00:39:46,060 put more than I should into. Into some of that. 844 00:39:46,190 --> 00:39:48,860 Um, so I think speculation is 845 00:39:49,320 --> 00:39:51,660 still the worst money mistake, but 846 00:39:52,120 --> 00:39:55,040 it's also one that I realized, like, it 847 00:39:55,080 --> 00:39:57,856 can keep hap. Like, it can keep coming up 848 00:39:58,008 --> 00:40:00,592 in different forms or shapes. 849 00:40:00,656 --> 00:40:03,632 >> Anthony Weaver: That is awesome. Uh, that you look. You do 850 00:40:03,656 --> 00:40:06,512 a lot of reflection on yourself. It seems like you 851 00:40:06,536 --> 00:40:09,264 do almost like an annual, at least a monthly reflection on 852 00:40:09,272 --> 00:40:11,140 yourself just based on your response. 853 00:40:12,550 --> 00:40:15,210 Wish I had that intuition when I was your age. 854 00:40:19,110 --> 00:40:21,870 Number, uh, three. Is there a book that 855 00:40:21,910 --> 00:40:24,690 inspired your journey or changed your perspective? 856 00:40:25,190 --> 00:40:27,130 >> Dexter Zhang: All right, so the book that, 857 00:40:27,600 --> 00:40:30,382 um, really inspired my, uh, expat journey 858 00:40:30,446 --> 00:40:33,310 and how I thought about personal finances, uh, as 859 00:40:33,350 --> 00:40:36,270 an expat is one called Millionaire Expat. It's by 860 00:40:36,310 --> 00:40:39,070 Andrew Halen, and he built a 861 00:40:39,530 --> 00:40:42,290 million dollar plus investment portfolio even as a school 862 00:40:42,330 --> 00:40:45,200 teacher overseas. So I thought that was really cool. 863 00:40:45,200 --> 00:40:48,114 Um, and I liked his personal Journey 864 00:40:48,162 --> 00:40:51,106 of how he learned about investing by investing 865 00:40:51,138 --> 00:40:53,714 on the side and how 866 00:40:53,882 --> 00:40:56,578 he also talks a lot about, like, as an American, when you're 867 00:40:56,594 --> 00:40:59,474 overseas, there's like, certain tax implications or a lot 868 00:40:59,482 --> 00:41:02,450 of questions that come up. It's like, how do I invest 869 00:41:02,570 --> 00:41:05,500 while overseas? Should I use my home brokerage? Should 870 00:41:05,540 --> 00:41:08,444 I use a brokerage in, uh, this new country? 871 00:41:08,532 --> 00:41:10,988 And all those nitty gritty questions 872 00:41:11,164 --> 00:41:13,932 he dives into. So if you're 873 00:41:13,996 --> 00:41:16,360 someone who is looking to, 874 00:41:16,880 --> 00:41:19,740 uh, move overseas or kind of wants to learn more about 875 00:41:19,860 --> 00:41:22,476 what investing is like when, uh, when 876 00:41:22,548 --> 00:41:25,292 that's your life situation, then Millionaire 877 00:41:25,356 --> 00:41:28,252 Expat is a potentially good book for 878 00:41:28,276 --> 00:41:28,840 you. 879 00:41:29,220 --> 00:41:31,806 >> Anthony Weaver: Awesome. Number four, 880 00:41:31,958 --> 00:41:34,490 what is your favorite dish to make? 881 00:41:35,120 --> 00:41:37,838 >> Dexter Zhang: Uh, recently my wife and I bought a instant 882 00:41:37,854 --> 00:41:40,334 pot. That's like a nine. Nine in one instant 883 00:41:40,382 --> 00:41:43,360 pot. The ninja. Uh, 884 00:41:43,670 --> 00:41:46,622 you're nodding your head. Maybe you know it, but air 885 00:41:46,646 --> 00:41:49,260 fryer in it. Okay. Air fryer. Uh, 886 00:41:49,260 --> 00:41:52,206 saute. It's got everything. Anyways, 887 00:41:52,360 --> 00:41:55,050 uh, one of our, yeah, favorite things to make, 888 00:41:55,340 --> 00:41:58,340 uh, with it is, uh, a chili. It's like a 20, 889 00:41:58,400 --> 00:42:01,340 20 minute chili. You know, you just throw in, um, 890 00:42:01,790 --> 00:42:04,780 you know, all the, uh, all the minced meat. 891 00:42:04,780 --> 00:42:07,510 Uh, you know, we use beef here, and then 892 00:42:07,630 --> 00:42:10,450 you can saute it in the same pot that you later. 893 00:42:10,830 --> 00:42:13,798 Then, uh, use the pressure cooker to, uh, make the chili 894 00:42:13,974 --> 00:42:16,662 all in 20 minutes. And I, I feel like 895 00:42:16,686 --> 00:42:19,654 it's. It's just the best because you can do it 896 00:42:19,662 --> 00:42:22,470 on Sunday night, and then you get pretty much your 897 00:42:22,510 --> 00:42:24,210 meals for the rest of the week. 898 00:42:24,830 --> 00:42:27,470 >> Anthony Weaver: That's amazing. All right. I might have to, um. 899 00:42:27,740 --> 00:42:30,196 I had to try that out one day. 900 00:42:30,348 --> 00:42:32,660 >> Dexter Zhang: Yeah, thanks for saying 901 00:42:32,780 --> 00:42:33,440 it. 902 00:42:33,980 --> 00:42:36,868 >> Anthony Weaver: Uh, so this is the last question of the show, which is 903 00:42:36,924 --> 00:42:39,680 where could people find out more about you? 904 00:42:40,060 --> 00:42:42,320 >> Dexter Zhang: Absolutely. You can go to 905 00:42:42,860 --> 00:42:45,360 moneyabroad, uh, co, 906 00:42:45,980 --> 00:42:48,932 and there you can, uh, find all 907 00:42:48,956 --> 00:42:51,740 my contact information and, uh, 908 00:42:51,740 --> 00:42:53,788 more information about what I'm working on. 909 00:42:53,964 --> 00:42:56,844 >> Anthony Weaver: Right. Thank you so much, Dexter, for all of 910 00:42:56,852 --> 00:42:59,644 your information, all of your personal 911 00:42:59,732 --> 00:43:02,732 stories. I know we didn't dive into all the businesses and 912 00:43:02,756 --> 00:43:05,612 everything like that. Y'all can go to the other platforms that he's been 913 00:43:05,636 --> 00:43:08,572 on to talk about that fun stuff, but we are here to 914 00:43:08,596 --> 00:43:11,484 learn more about the man behind all of 915 00:43:11,492 --> 00:43:14,412 the cool things that you've been doing. Um, and I just want 916 00:43:14,436 --> 00:43:16,940 to congratulate you on all of the things that you've been 917 00:43:16,980 --> 00:43:19,958 doing, uh, especially when it comes to 918 00:43:20,014 --> 00:43:22,646 helping people out with personal finance. And as you heard, 919 00:43:22,678 --> 00:43:25,622 everybody, like, you have what it takes. You 920 00:43:25,646 --> 00:43:28,130 just got to really take time out to do your research 921 00:43:28,590 --> 00:43:31,478 and really understand what it is that you want out of life 922 00:43:31,614 --> 00:43:34,022 so that you can align your finances for it. 923 00:43:34,206 --> 00:43:37,174 So I wish you all the best if you need to. If you 924 00:43:37,182 --> 00:43:40,086 didn't get anything out of this one, but you think somebody else would listen 925 00:43:40,118 --> 00:43:42,982 to this, definitely slide it on over to, um, them, 926 00:43:43,086 --> 00:43:45,998 because they could actually help them out as well. 927 00:43:46,134 --> 00:43:48,910 So thank you so much. Y'all have a great 928 00:43:48,950 --> 00:43:49,670 day. We out.