The Wealth Arch: 3 Secrets to Building a Storm-Proof Investment Foundation with Earl Yaokasin

Episode Highlights Here:

Brett

Before we jump into this episode, I want to invite you to join our community to help you become a better steward scale to billions and ultimately give more or all of it away. All I want you to do is to click the subscribe button right now. I love your support. It’s incredible to see your comments, and we’re just getting started. I can’t wait to go on this journey with you. Thank you so much for subscribing. It means the world to me. Hello everybody, and welcome to the build it to billions podcast where we’ve got successful entrepreneurs and investors on their journey from millions to billions. We believe the key to scaling and compounding your wealth and life starts every single day with the mindset and practice of stewardship over ownership and applying billionaire biblical principles. Our ultimate goal is to have to have to scale and compound your wealth and life so you can give more all of it away to help MVPs. My name is Brett Swarts. Each episode, we’re joined by the top entrepreneurs, millionaires or billionaires, and they share their secrets, insights and wisdom with us, so we can all level up and accelerate to more impact. Hey, I’m excited about our next guest. He’s out of the Pasadena, California area. He’s the founder of wealth arch investment services there in Pasadena, where he helps high net worth individuals and couples build wealth through value investing and personalized financial planning. With more than two decades of hands-on experience and prestigious CFA designation, he blends the timeless principles of Warren Buffett with the modern behavioral finance to help clients achieve financial independence and so much more. Please welcome the show, Mr. Earl. Jordan Earl, how we doing?

Earl

good. How are you, Brett?

Brett

Doing great. I’m grateful to have you on the show for our listeners. Get to know you for the first time. Would you give us just a little bit more about your story and your current focus?

Earl

Yes. So there are two parts to my story. The first part was when I was growing up in the Philippines, and then the second part was when I moved to the US. So the first part is all about dreaming big, having an entrepreneurial mindset and saving money. So as early as first grade, I was going around the school looking for recycling bottles and turn them in for the recycling credit so that I can get myself yummy, delicious Filipino barbecue skewer. And then in second grade, I would sell all sorts of snappable bracelets and different colors and different designs. And then as I grew older to high school and in college, I would sell CDs, cell phones, concert tickets, fireworks and so on and so forth. So all my focus was just saving a lot of money. And then one day, I turned on the CNBC channel, and I saw these things going up and down, and I thought to myself, I’m good at games. I’m excellent at math. I won a silver medal when I was in seventh grade, a national in a national competition, and I said, I can crack this and I can figure this out. And since then, my plan was to go and move to the US and hopefully become a portfolio manager one day. And so, the second part of my story was in 2001 I moved to the US, and this is all about hard work, determination and sacrifice. I started working at a Nordstrom warehouse, doing data entry, despite graduating on the Dean’s List, despite going to one of the best business schools in the country, having the toughest course in that school, I had to start from the ground up, and I worked with just getting minimum wage at that Nordstrom warehouse. But obviously that wasn’t enough to make a living, and so I had to work and find another job. And so, I moved on to a real estate appraisal company, and even then, with a bump up from $7 an r6 75 to $10 that still wasn’t enough, and so I had to work a second job at Bank of America as a credit card collector. And that’s not, you know, one of the easiest jobs that you can imagine, but it was, I actually made it, you know, quite fun by just being nice to people. And because I was nice and everybody else at the at Bank of America was either lying or pushy or being aggressive. You know, customers wanted to talk to me, and it was easy for me to collect their money. So, I did that for more than a year. I drove from a city called Rancho Cucamonga to Pomona and then to pass an Indiana back and forth for those two jobs for a little over a year. And sometimes, because I was just so dang tired, I would fall, you know, be falling asleep in the car, and I’d have to, kind of like, shout and sing loudly just to keep myself awake. And eventually, I got a job at American Express financial advisors. And to my surprise, when I first came in, working in the industry, is that there’s very little training that you get, and it’s mostly about just trying to sell people and get the commission. And so I was kind of disillusioned by that, and then I moved to Bank of America. Investments in a non-sales role, supporting the top two financial advisors in the inland, Inland Empire region. And after some time, they entrusted me investing their clients’ money in the stock portion of their clients’ portfolios. And when I was there, our stock portion of the portfolios did better than the in-house department. So

Brett

So if you like this little, short clip of the interview I just did, click over here to watch the full interview. And please don’t forget to subscribe. Thanks so much, everybody

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