489: Humphrey Yang: How to Save $100K, Quit Your Job, and Build a Business

You probably already know who Humphrey Yang is, and even if you don’t, there’s a good chance you’ve seen one of his YouTube, TikTok, or Instagram videos. A few years ago, Humphrey’s internet presence was almost non-existent. He was living off savings, trying to find a business that would hit traction, until one day, he started posting financial content online. Within thirty days, he had a six-figure follower count. But this wasn’t by luck or accident; it was by design.
Humphrey knew that to start any successful business, it would take testing—a lot of testing. So, he set out to test content that not many other people were making, showing anyone and everyone on the internet what not to buy, the best ways to invest, and how they, too, could become wealthy, or at least not end up broke.
But Humphrey was ONLY able to do this after saving up a significant amount of money from past jobs, going extremely frugal, and realizing that he needed to do whatever it took to work for himself. And if you’re struggling to find your path and feel like being an entrepreneur is what you’re meant to do, Humphrey can help! In this episode, he’ll show you EXACTLY how he “tested” his way to wealth, made financial and entrepreneurial “hypotheses,” and grew an online following to over a million people in just a few years.

In This Episode We Cover
The benefits of extreme frugality and how to save six figures on an average salary
Starting your own business and how to “test" whether it’ll stick
Going viral online in only a month and how to find your niche with customers/viewers
Why you MUST fail at multiple businesses before you find success
Using your “unfair” advantage to get ahead in whatever industry you’re in
And So Much More!

Links from the Show
BiggerPockets Money Facebook Group
Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums
Finance Review Guest Onboarding
Join BiggerPockets for FREE
Mindy on BiggerPockets
Scott on BiggerPockets
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Podcast Talent Search!
Money Moment
Grab Your Copy of “Set for Life”
Starting Successful Businesses with NO Industry Experience
10 Tips For Leaving Your 9-5 and Adjusting to Life as an Entrepreneur
The #1 Wealth Killer No One Talks About

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-489
 
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