From -$187.65 to Raising Millions with Daniel Kwak, Ep. 405

Daniel Kwak first immigrated to the United States with his family at the age of 5. Due to a financially disadvantaged upbringing, at the age of 20 he had a negative amount of $187.65 in his bank account. Motivated by continued financial hardship throughout his life, he started learning about Real Estate Investing. The first two years he learned everything he could and at the age of 22 he did his first deal. By age 23 he had 83 rental units, along with having raised millions of dollars in capital and also having done a variety of different deals and strategies.  We talked to Daniel about the importance of education, what you should do to get started in the current climate and some of the things you can do to grow your Youtube audience.

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[00:01 – 07:07] Opening Segment 

• David talks about his background.
• He gets into his roots and where he came from.
• He tells an inspiring story about when he first set foot on US soil.
• How he decided to get into real estate.

[07:07 – 17:15] Dedication and Education

• How submerging himself helped him get started.
• The importance of dedication and educating yourself.
• The importance of application of education.
• How serving other people helped him get started.

[17:15 – 31:50] The Process

• The reasons why you still can get started in the current state of the economy.
• What Daniel is doing to stay in the market.
• He talks about some tactical things to get started.
• Why you should focus on the process rather than the goals.
• Why faith and business are aligned.
• Daniel talks about producing content on Youtube.
• Some tips on how to grow a Youtube channel.

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 [31:50 – 40:34] Round of Insights

Apparent Failure:

Introducing investors to other people’s deals.

Digital Resource:

Reddit

Most Recommended Book:

0 To 75 Units In 1 Year

Daily Habit:

Journaling

#1 Insight for Investing

Always pay attention to what’s happening with the central banking system.

Best Place to Grab a Bite in Chicago: 

Chicago Pizza and Oven Grinder

Contact Daniel:

To learn more about Daniel go to his website or reach out to him via email. Click here to take a look at their Youtube channel. Click here to get his book.

Tweetable Quotes:

“Markets change, people don’t. You just have to move the strategy around.”  -Daniel Kwak

Thank you for joining us for another great episode! If you’re enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.