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Your drive for success should be rooted in a question of “why”? What is your why for everything that you do in your life? Why do you work so hard at your job? Each of us has different stories and experiences to tell, but we’re all ultimately driven by our “why”. In this episode, Eng Taing, founder of Touzi Capital and experienced real estate investor, talks with Dale Corpus about his why and how that led him to lead a successful life. Listen in and learn more as Eng shares his story on how he learned to build his wealth and grow his cash flow.

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Eng Taing: Fueling Your Drive For Success

This is a rhetorical question. Have you ever asked yourself what is your why for everything that you do in your life? Why do you work so hard at your job or in your business? Why are you even reading this now to learn how to build wealth and grow your cashflow? There’s nobody forcing you to do this. You’re choosing to do what to do by yourself and it’s fueled by your why. This burning why is like a life force and it comes from within you.

Your why needs to be strong enough to motivate you when the going gets tough and when things don’t go as expected because life has a funny way of throwing unexpected obstacles and challenges in your way, yet you still pick yourself up because of that strong why. You persevere and move on. What are you doing all this for? What is that why? For me, I know a lot of what I do is for my own family and kids. Growing up, I was an immigrant myself. My parents immigrated from the Philippines to San Francisco.

We were a family of five living in a one-bedroom apartment over in San Francisco until I was about 6 or 7. Back then, I thought that was normal. I thought that place was so big and we didn’t have much. Knowing what I know now, I know that my parents had the grit and drive to make it all work. I feel that a lot of the hard work and effort they did rub off on me to create a better life for myself and my family.

Now that I have kids, I wanted to set them up on the right path and provide them with more options and opportunities that I at the time didn’t necessarily have. The vehicle that I have been able to do this all with happens to be real estate. It didn’t necessarily have to be that but that strong why within me was always there. Each of you has a different story and experiences of hell but we’re all driven by that why.

My guest is Eng Taing. He came to America as well as an immigrant. He has accomplished a lot and has an amazing story. I’m also curious to hear about his why later on in our conversation. He is the CEO and Founder of Touzi Capital, and is an experienced real estate investor with $215 million assets under management. He has over twelve years of private market and real estate investing experience and has focused on cashflow investing to create significant passive income. He is an economist by training from the Wharton School of Business.

He also has experience leading data science and analytics at Apple, Capital One and AT&T. He’s got the classic immigrant story. He was born in a refugee camp in Thailand and found success in data and math in America. He focuses on high cashflow investments and providing passive income to investors by acquiring and optimizing multifamily apartment buildings, senior living communities and Bitcoin mining operations. Without further ado, let’s dive right into this. Welcoming to the show, Eng. How are you?

I’m good. Thanks for having me, Dale.

For my audience that doesn’t know you yet, can you tell everybody where you’re based out of geographically?

I’m in California. I used to be in the Bay Area until I left Apple. Now, I’m in the San Diego area. I grew up in Southern California where I started my real estate journey as well.

You were working in tech, Apple and whatnot, and now you transition over to real estate. I’m curious, how did this progression happen? Tell me more about yourself that perhaps your bio doesn’t cover.

Security, in a fashion, is paramount to just having clarity of thought and being able to live free. Click To Tweet

I’ll start from not my story but my parents’ story, which is a story of escaping the Khmer Rouge and the genocide that happened in Cambodia. My parents are Cambodian-Chinese. I was born in a refugee camp in Thailand. I have pictures of me taking some chickens. Those are my memories but they’re memories are of scarcity and not having much security both physically, emotionally and everything. Coming to America when I was three years old and grew up on welfare until I went to college. It’s one of relative impoverishment but I always think I was lucky and my gratefulness is high.

I like to find my younger years, which is I was lucky to escape that. I was lucky to have been raised in America. I was lucky to have the need for that hunger as I grew up because that is what drives me now and that’s what has driven me all along. My big why has always been my family and getting them out of our situation. That’s why I have been always focused on that. Taking full circle to now, this is how I feel about my investors. I always think about how I can help them. I’m much more financially well off now and my investors are as well.

None of us are in the situation that I was in but it does remind you that things can be fleeting. Security and fashion are paramount to having clarity of thought and being able to live free. Whether that’s having rental income or getting your $1,000 or $2,000 a month in your bank account so if you get fired or laid off, you still feel decent about it or the fact that you grew up like me and you can live off a couple of hundred dollars a month. I don’t need much even though I have a lot. There’s no format for financial freedom. I can take it all full circle in terms of my upbringing drove what I’m trying to achieve now, why I’m trying to work so hard, why I left a nice 9:00 to 5:00 to do a crazy 24/7 and everything in between.

You’re working corporate before and now you’re out of that. Even before you did the corporate thing, did you always have the entrepreneurial hustle inside you? I’m curious to know where it came from. If I heard you correctly, your family was living on welfare even while you’re up to high school.

I did not have a bed to myself until I went to college. When I went back home, I was sleeping head to toe and my siblings back then.

How did you make ends meet for you to even be able to go to college?

I remember my parents got odd and end jobs. They eventually found a niche in jewelry and being a freelance jeweler, which is interesting being a young kid. We would get gold or jewelry debt from people who didn’t want anymore or resell. They were melted down and smelt in the two-bedroom apartment with our seven people in cyanide, arsenic and other chemicals needed for that.

It wasn’t the best environment for a kid but I remember participating and helping to create those bracelets or necklaces with my little tiny hands as a seven-year-old or whatever age I was. I got a lot of my entrepreneurship from my parents, my dad specifically. He always tells me that he would have been a big shot in Cambodia if things didn’t happen as it did. It’s an interesting path I went to because I always felt I was an entrepreneur. If you’re not naive, you become an entrepreneur. That’s what he was saying but that’s not always the path you can choose or at least don’t feel you can choose.

I traded magic cards as a kid and I made a lot of money. I was going to get a math and data pattern recognition early into different things. I played poker and made money playing poker. I paid my tuition playing poker professionally at Penn. What was interesting is that I didn’t choose to go into entrepreneurship like creating something for myself.

I felt like every role I took was very entrepreneur. It’s different but you were working for a big company. I worked for an investment bank coming out of college. It’s not the best time as the financial crisis a few years later. I booked for billing loss of subprime assets. That was partly my fault there. I could see the risks coming up but it was an interesting choice.

SCF 23 | Drive For Success

Drive For Success: Your “why” really needs to be strong enough to motivate you when the going gets tough and things don’t go as expected because life has a really funny way of throwing unexpected obstacles and challenges your way.

 

My parents were an entrepreneur. I felt like I always wanted to start my own business but I chose time and time again for security. That was probably part of my upbringing when you don’t have much and you have the ability to go and get a nice paying job with a company that had benefits. When your parents are doing something large in your life, you go with that security.

I would imagine all other folks who are immigrants gravitate towards those professional jobs like doctors, lawyers or whatever it is that in the mainstream media you would imagine makes a lot of money, which if you believe that, maybe it’s real estate. There’s no pathway for that on what you and we know. If you’re an immigrant, you have a lot of disadvantages but the main thing is you don’t have the connections to pursue those corporate paths. I had to pursue all of them myself and that was an entrepreneur by me. I did change jobs quite often.

I didn’t stay at a job for a long time and that was intentional. I was always interfering and climbing the corporate ladder, becoming an executive of Apple at an early age. I was the youngest VP director or whatever it is like any company but I’m still at a company and not until I left that because I had the financial freedom.

My real estate snowballs to a level where I felt financially capable and able to secure to leave during the beginning of the pandemic and start what I’m doing now where my wife is pregnant to do all that. Not everybody has that opportunity and that’s what real estate investing allows you to create financial freedom and opportunities to choose and do whatever you want whether to be an entrepreneur or relax, hang out with family, support and provide for them.

The last corporate job that you were at was at Apple. I’m only bringing that up because I’m in the Bay Area. A lot of my clients are working in tech in Silicon Valley and whatnot. I don’t know how old you are but the fact that you were able to “retire” relatively young from Apple where people are dying to work for. I have a lot of clients that swear by Apple stock and using all that stuff but you were able to retire and have that comfort level to leave because of real estate. You’re able to manage your full-time job and still build your real estate portfolio. I’m curious to know how that all progressed and how you’re able to manage both of them.

That’s where I start changing myself. That’s where my side hustle has always been. I have always loved doing and buying real estate. Every year, we buy real estate since I was 23. I joined Apple right before I turned 30 and retired at 35. I have been buying real estate since 2009. It has always been intentional. I never needed to fully commit to a job because I was always good at what I was doing.

I also knew that I didn’t want to fully commit to a corporate position. I could do everything well enough and successfully enough with the time I could allocate to it and spend my side hustle passion. People have passions in football and sports. I like real estate investing and that’s my hobby. I’ve always spent time on that. Every other year, I would try to look at a new place, buy it, refinance the previous ones, take capital out, reallocate and buy again and again. The market rent going up has helped a lot.

It sounds like you practiced the BRRRR strategy initially.

I practiced the BRRRR strategy without even knowing what that was.

How did you stumble upon real estate? Did it find you or did you find it somehow? Secondly, what was your first real estate investment?

You either trade time for money or money for time. Click To Tweet

I started real estate from a cashflow perspective because I was a day trader. I was in stocks and equities. Even though I talked about playing poker, I didn’t love that feeling of risk in money. To be good at poker, you have to not care about money. You have to be so agnostic because it’s all math but once you feel it like a salary, you’re going to start fearing to lose. Same thing with day trading. I don’t do any of those things anymore.

What I gravitate to as a real estate was the predictability of this monthly cashflow, running it like a business and being in the financial world for a while. Initially, I saw that things went down a lot and people are still paying these bills. My first purchase was a three-unit apartment building in the LA area for around $126,000 with $35,000 down. It was three units. The two were rented so I rented another one after I painted everything white like the cabinets. I put $10,000 into it. I got the rent up and it was a good timing success.

It’s always about timing as well but I took the opportunity to the timing and got a nice appraisal six months later to do a cash-out refinance and around nine months afterward to do my next one. It’s producing around $1,800 a month in gross revenue for those two units off of $42,000 in total CapEx and investment. It’s a great return but most importantly, I was able to pull out another $40,000 within a year to do it again.

That was working all the time. I could take that additional capital. I’m a prodigious saver as well. I don’t have to spend much money as I grew up. Even when I went to the Peace Corps, which I did as well and how could I even go to the Peace Corps where I’d make $100 a month unless I had real estate. I started learning how to manage things remotely as well but even when at the Peace Corps, I can live off very little. It gave me the sense of this compounding effect that I love about real estate and that’s what I do now.

You chose to retire from Apple. Did you know you wanted to get in real estate full-time or did that just happen? It sounds like you work more than you did before.

I don’t think I chose to go into real estate full-time. I was always very comfortable in real estate. I have always had real estate investing. What I didn’t know was it’s hard to develop a real estate investment company. It’s a different thing in an investment company in general. You can buy and invest in real estate personally and how to create a structured investment company so others could invest. A lot of people have always asked me, “How do you do it? What are you doing? Can I participate? Can I do this?” I have always said, “I’ll help you. I can tell you. Here’s what you will do. Do it yourself.”

I showed it to my office mate and they almost always ended up being real estate investors, sitting next to me for a year and eventually buying real estate. I enjoyed that process of explaining and teaching. In Apple, I helped The Real Estate Investing Club where I got exposure to a lot of people who were very interested in real estate. I enjoy the act of educating and providing value. That just tied into, “I also have these investments that people might be interested in.” That was a very good relationship.

Let’s talk about your real estate investing company, Touzi Capital. How long has that been around and what asset classes do you focus on?

It’s been around for years. It’s not long and we’ve grown very fast. We focus on multifamily apartment buildings, senior living communities, development and value add and purchase cashflow. I’m still mostly a cashflow guy. That’s how I’ve always bought. I don’t buy for appreciation but to the markets, you have to. I have some mixed-use buildings and some retail shopping centers, which have been very profitable, especially in dollar generalists so I know how to handle a lease, negotiate and solid contract-based stuff.

Now, I’ve expanded our investments to other alternatives besides real estate, which includes Bitcoin mining, data centers and consumer credit. I did a few private equity investments as well and I’m working now on oil and gas. I try to take the perspective of being an investor and invest in everything. I want to have capital worked for me. I want to have great investment returns and good cashflow. I also want to have great tax advantages and real estate provides a lot of that. I’ve been a big advocate for that. By my investments, that aren’t real estate also have very good tax benefits as well. That’s why I do the things I do.

SCF 23 | Drive For Success

Drive For Success: Real estate investing allows you to create financial freedom and opportunities to choose and do whatever you want, whether it’s being an entrepreneur or relaxing and hanging out with family and supporting and providing for them.

 

I want us to go back since Bitcoin and crypto, in general, are such a big topic now. Bitcoin mining is something that most people don’t do or don’t know how to access per se. I wanted to delve into that. How did you get into that? Can you explain to the readers what Bitcoin mining is versus owning Bitcoin directly or any other crypto type of currency?

I’ve been in Bitcoin since 2013. I probably sold more than I should have early on and I don’t want it to remember all of that. It’s probably eight figures of value I sowed prematurely. We all have stories. I’ve been personally mining Bitcoin for a few years so I know the technical nature of Bitcoin mining. It’s the math that is putting computers to work and powering with energy and creating an algorithm that produces Bitcoin. That’s proof of work. I’ve always been fascinated with cryptocurrencies and the blockchain. We have three and now I’m launching my NFT doing some DeFi protocols.

I’m very much into DeFi and other cryptos. I like it all because of the technology layers. I’m pretty much a tech guy as well and not just a real estate investment guy. I’m fascinated with lots of things. From a Bitcoin mining perspective, it hits me that institutional capital started flooding in, which is why you see in 2020 it fix back at price and became very stable relatively in a year. For Bitcoin, it goes up 10% and down 10%. It might not seem stable for most people but in crypto, that’s very stable.

A lot of institutional capital coming in meant that it felt like more of institutional assets and a store of value that could be a great investment source. Buying and holding Bitcoin could have good potential benefits in the future. It’s a great hedge against inflation and all this other stuff that people talk about. If you’re interested in buying Bitcoin, mining Bitcoin is a better way. It’s the leverage rate with thousand protections because you’re essentially buying or investing in computer servers that produce this algorithm. It has power and that solves block rewards.

Essentially, you’re getting Bitcoin as a result of that. It’s all mathematically determined and it’s predictable. It’s like if you had five Airbnbs, you get rent. With enough scale, it’s very predictable. You buy more houses or whatever real estate and you get more rent. The nature of the algorithm now is that you will get more Bitcoin than if you were mining it if you bought a Bitcoin at the same amount of dollars. It becomes an obvious choice to do that. It’s probably more technically hard or it’s easy to go Coinbase and buy Bitcoin.

I like to go into spaces where it doesn’t seem harder or as easy because that’s where the competitive advantages do lie and where you can allocate capital and scale that. My perspective is if you’re going to do anything, think about what did you want to do with 10 or 20 of it. I started work doing senior family triplex or fourplex. For me, it’s not scalable. I wouldn’t necessarily do that. I would say, “What’s scalable?” It’s hard to scale that up. Bitcoin mining, it’s very scalable and you get better perceiving power and cost scales when you buy more. Economics can be better than individually doing it.

I’ve realized that quickly. I secured the supply chain. I’ve connected with lots of people in China and the Bitcoin mining industry. I’m relatively so early in this industry. I’m a known player now. We have four deployments and we’re making investors very good monthly returns. In our first fund, we’re averaging around 8% of monthly returns. It’s a pretty good investment so far. It’s one of those things where you can also depreciate the asset.

Tax advantages existed in Bitcoin mining.

You get depreciation on the computers. How does Amazon not pay taxes? It’s because they used depreciation. They depreciate the data centers, warehouses and trucks. We do the same thing. We depreciate our computers. Productive assets can be depreciated.

I’m curious because I’m new to Bitcoin mining as well with the topic of this. Where is all the mining happening? Is it in certain cities that you have these computers mining for Bitcoin? Is it in certain areas? How has it all been powered?

Learning means learning from both the failures and successes you have. Click To Tweet

Early this 2021, the majority of it was happening in China. The big why I’m going big into Bitcoin mining is because Thailand banned Bitcoin and Bitcoin mining, which left a big void where we could capture that market share that’s been flooding into America. It doesn’t happen in cities. It usually happens in remote areas near cheap power. Typically, renewable power electricity is very cheap power.

You want to be as close to power sources as possible because imagine a data center running 24/7, hot, loud and expensive energy. You want to keep costs down as much as possible. That allows you to mine Bitcoin. Even when Bitcoin goes down to $10,000, you’re still profitable. The cheaper the power, the better returns, turning out profit margins at 80% because the power cost is so low. It’s like a third of the cost of residential power.

What are you personally and currently investing in and why?

I am personally investing in every one of my deals but beyond that, I did take some riskier bets in DeFi, Ethereum and NFTs have made some pretty good returns off that this year. I still allocate the majority of my assets networked into real estate. It’s still my bread and butter. It’s been harder to acquire good cashflow in real estate because it’s so competitive in the market. I need to re-adjust my expectations and see double-digit returns. It’s hard to get those things.

I get outbid by $5 million to $10 million almost weekly and it baffles me to make money but with the market trending as it is. I can see how I was making money and people are still making good money. If you acquired it last 2020, if you earn money, you’re great. It’s all about your acquisition price. I’m investing a lot into Bitcoin mining and data centers as well. I’m also investing in new things that I wanted to explore and test out before I figure out how to scale it and find my investors.

What was the progression like? You’re offering syndications now but you first started off with the smaller multifamily and triplexes. How did that progression work? Did you go from doing investing in triplexes, duplexes and then you became a syndicator? Have you started in the syndication already? I’m trying to understand that progression was like? How did you flow from that? Were you an LP investor first?

I was an LP investor as I was getting busier in my life, having kids and getting married. You always trade time for money or money for time. At that point, I didn’t have enough time and I still want to invest as I was always very interested in investing. I got some opportunities to learn from those GPs. I got opportunities to partner with them.

I start to invest personally in commercial real estate in bigger size apartments and commercial real estate in Middle America. I started to go outside California in 2017. The market in California wasn’t good from a cashflow perspective. It’s been well but it’s not my forte or what I target. I always target cashflow, which means I had to go to Kansas City, into Georgia, Atlanta, Florida and Texas.

I’m switching topics to one of the asset classes that I don’t know too much about that I know you offer in senior living. Can we talk about what you see as opportunities in that space and why you are in it? Elaborate more on it.

2020 was a very good time to buy senior living because COVID impacted senior living assets a lot but in terms of occupancy and returns, it didn’t affect that much. The overall trends of senior living are great. Silver tsunami, old people, growing older are a bigger portion of our economy. They need a place to live or a community. There are certain things that the industry wasn’t providing. If you build a senior living community versus an apartment building, you can charge 4 to 5 times to rent to multifamily but your cost is 2 to 3 times.

SCF 23 | Drive For Success

Drive For Success: Time is also an asset that you should capitalize on. And if it takes more time than you expect, then no matter how much return you get, that’s not great.

 

You’re building an all-inclusive resort that you have higher costs. It’s a business to it. The labor sets would be as cost. That’s one of the biggest pain points now because labor is very expensive and hard to get but it’s not necessarily for assisted living. You don’t need necessarily licensed labor, you got registered nurses. We have still nurses as well that get paid by the government. Most of our investments are in private pay where a resident would come in, they will stay for 28 months in an apartment building, which is a lot less.

This would likely be the last place they stay. They will do a financial check that they have financial assets to cover and build these communities that support this type of occupancy. I want to make sure that we provide great amenities because it does scale very well. You’re creating strong amenities and programs. You have lots of activities and keep the acuity for the seniors. That’s very scalable. It’s a high NOI business and operating margin business as long as it’s very much operating business as well. It’s not as passive as multifamily real estate or residential real estate.

Although I don’t think that’s passive at all, it’s just imagined. It does have a good moat around it. Most people won’t even think about, “I should go by senior living.” It presents an interesting opportunity where the crowd’s ongoing. This is a great ten-year tailwind of an aging population and a lack of supply, which means that rents would continue to go up as you build, rent and operate. That’s how you create a strong cashflow. Most of my highest cashflow investments are in senior living. They are oftentimes close mid-teens, high-teens cash-on-cash.

I know there are different types of senior living. There are assisted living, skilled nursing and independent living too. Which one of those is your focus and why?

I’ve dabbled in all of them. I do have skilled nursing, which is like an extended hospital if you want short term stay. Short-term stay in a hospital isn’t a high cost like $2,000 a day. You’re going to pay $500 a day but you’re going for 2 to 3 weeks rehabilitation, you getting out of the hospital and being discharged. You have this natural flow of referrals. People come in and it’s very highly profitable if you operate it right. Down to that continuum, you have assisted living for people who need assistance to live. They shouldn’t be left by themselves.

It’s much more of an office reserve. You don’t have any acute health issues. A tandem to that is memory care, which is Alzheimer or dementia-related issues, which is about acuity and how can we focus a little bit more intensive in terms of making sure that they don’t get lost and having a staff to every one of them and having them have 24-hour coverage that the family feels that they are supported in the way that they need. It’s very similar. There’s independent living, which is the end of that spectrum.

It’s people who want to live in a 55-plus community or have great amenities and be around other folks like themselves. It’s like a summer camp. I have a very fun summer camp. We focused mostly on the middle two of assisted and memory care because it doesn’t need licenses and other things. You want to support them with registered nurses but not that you don’t need that. It’s less burden on that side. I have all four of those in that spectrum and oftentimes, skilled nursing is almost profitable. It’s very niched.

You have to have that strong relationship with the hospitals and paid Medicare and Medicaid. You have less control over it because it’s still government money that’s coming in so you have less control. I have Section 8 housing too. I like government money. It’s very predictable. Usually, we’re focusing on the middle two, memory care and assisted living.

Thanks for explaining all that. This is a new area for me. I get to invest in anything that’s senior living-related. You have a lot of experience in real estate investing but if you were to start it all over again, would you start off doing it the same way with investing first in triplex or smaller multifamily or would you have done something differently knowing what you know now?

It depends. If I was nine again, it’s probably the same thing. If it was now, it’s not. I’ll probably invest as an LP into investments. A lot of my investors do the same thing. They invest in something and they realize, “It’s a lot of work, let me go into LP.” It’s also massive learning. Learning is such a big part of this whole thing.

Partnerships allow you to learn as fast as possible, provide learning, and scale as much as possible. Click To Tweet

That’s why I focused on education for my investors. Learning is both learning from the failures and successes you have. When somebody asked me, “Why should I invest with you versus doing myself?” Do both and see what you like. I highly recommend people to do it yourself. Actively invest in yourself and see if you like it. It’s not for everybody but some people enjoy it more so than even the returns show.

They could make less money than being an LP in a nice investment but they like it because there’s a lot more control too and you’re also learning a lot. You can learn a lot being an LP if given the opportunity and time for you. In terms of scaling, being an LP is much more scalable. Going into commercial or outside California sooner was more scalable as I’ve faced many eviction issues and other things that give me brain damage. I’m selling our properties and 1031 exchange to buy more deals. I’m scaling on my own.

I know you’re not doing this all by yourself. Do you have a big team helping you? How important is your team to you? Who are the players? I’m curious since you’re doing so much.

I have someone leading asset management and acquisitions. These are all in-house internal. I have a controller, business development for new ventures and press relations. All these things go into the investment company. From a real estate side, I also have property managers that I work with. We have a good relationship with them. That’s another person I’ve worked with. It’s all about partnerships as well.

Partnering is always better. My evolution has also evolved into an abundance mindset. You can always do more with more people. Giving more is fine because you’re going to be doing more. It’s not the last thing you do. That’s one thing that I would highly advise everyone about. I think of this as being the last thing, the first of many or whatever it is. It allows you to think beyond. That’s why I partner a lot in industries or geographies I’m not as familiar with. I try to learn, provide learning and scale as much as possible. That’s where I’ve been able to scale as fast as I have.

Do you have the biggest mistakes in investing so far? Anything that jumps out at you that you’ve learned from? What did you learn?

There have been some investments where I did not get as much return as I wanted but the biggest pain point has been always more work because time is also an asset that you should capitalize on. If it takes more time than you expect then no matter how much return you get, it’s not much. A lot of times, that comes from not having the right partners in place or not having reliable partnerships.

I would say go find partnerships and scale fast with them but learn if that’s a great option for you quickly so that you can know if you’re on the same pace because if you’re at a fast-paced, there might be a disjoint of that partnership. You quickly figure out how to resolve that or extract yourself from that situation because that would cost future pain points. For me, that means I had to put more of my time and resources into some things that should have been a little bit more evenly managed.

I have some final questions for you. What are you excited about now in your business?

I’m excited about this very large data center building in Ohio. We’re going to be paying close to $100 million of Bitcoin mining into it and I have a very large profit. I’m also very excited about exploring smart contracts NFTs and tokens as part of my online business. There are so many layers of what I’m doing that involve contracts for both securities as well as negotiating deals that these technologies have interesting applications. In 2022, I want to delve deeper into that and apply it to our investments.

SCF 23 | Drive For Success

Drive For Success: Find apprenticeships and scale fast with them, but you have to determine if that’s a great option for you quickly so that you can know if you’re on the same pace.

 

What does success mean for you? Success can mean anything. You could answer any way you want. It means different things to different people.

Success means helping others achieve their financial freedom. It is a lifelong passion of mine to be able to talk to investors no matter how small and big and help guide, give advice and take this money insecurity out, even though they might be making a lot of money in an app of whatever it is or if they feel like they’re not as keeping up the Joneses in Silicon Valley, making $250,000 a year.

You might not feel very well off. It’s surprising but I know I felt that way. Sometimes, I know my colleagues did and you might be working so hard that you put your head above water and figure out like, “I have a lot or I can retire.” It’s giving people that sense of calm, predictability and certainty. I always think about how I can give my investors a feeling of a warm hug when they invest.

That doesn’t mean necessarily the best and highest returns. That means all these other parts of the investment on how to help people out in a way that is meaningful for them. That’s what drove me to be successful now to do that from my family. I think of my investors as an extended family, partners and friends as well. I try to figure out how to help them achieve what I’ve been able to achieve for myself and my family.

What’s your unique ability or superpower that has gotten you so far and attributed to your success?

I’ve been very flexible and adaptable. I’ve had so many different jobs and moved places so often. You have to be adaptable to change and not be so hyper-focused on one thing and not be nimble in ever-changing markets. It has pros and cons, for sure. I’m not saying that people have more expertise in certain areas than me but I can adapt that expertise or best practices across many different industries and investments and be nimble and adaptable with the times. I’ll always be hopefully a step ahead of the game.

Last question. How can somebody get ahold of you?

If you are interested, go to my website, TouziCapital.com. Sign up to learn about investments or reach out to me at Eng@TouziCapital.com. I also have a YouTube channel where I have lots of my educational webinars. You can message me. I’m always happy to connect and talk about real estate taxes, Bitcoin mining or whatever it is.

I love your education space and that passion shows for wanting to be valued by other folks and showing them the right way. Thank you for being on my show. That’s all the time we have. I love your story and everything you’re doing. It’s very inspirational. I learned a few things about senior living and Bitcoin mining for that matter too. To my readers, feel free to reach out to Eng directly. If you have any direct questions for him, check out his website. Thank you as always for checking out this episode and remember to leave a review on iTunes as it helps me attract even more great guests like Eng. Until next time. Live life abundantly.

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About Eng Taing

SCF 23 | Drive For SuccessEng is an experienced private fund manager with $220M assets under management. He has 12 years of private market and real estate investing experience and has focused on cash flow investing to create significant passive income. Eng is an economist by training, from the Wharton School of Business. He also has experience leading data science and analytics at Apple, Capital One and AT&T. He applies that experience when identifying and underwriting investment opportunities and markets.