Many people depend on a linear income source. The money they need to maintain themselves comes from active income where they trade their time for money through labor. Nonetheless, there are other options for people who can master passive income.
Chris Choi is a dental student dropout who became a serial entrepreneur and built a multi-million dollar cash flowing business in less than 5 years. Chris came to the U.S. without knowing English or having any network, money or directions. He went to dental school, and that is when he realized how much his education cost.
Chris started managing AirBnb, rental housing opportunities. He now runs an AirBnb business with branches in San Diego, Los Angeles, Glendale, Burbank, Philadelphia and even expanding internationally to Seoul, South Korea.
Chris was inspired to get into the passive income world in order to salvage himself from the burden of his dental school tuition. He eventually produced so much passive income that he now also has a golf academy, an education business and a Korean BBQ restaurant.
Chris believes that anything is possible when one has the winning mindset psychology. He also advises those starting their own business to be brave enough to just start.
For Chris, fear represents a fuel source for his vehicle. He has learned to make his emotion of fear become a catalyst for his business. If we look at the history of successful businesses in the world, we will see their booms came out of recessions or economic crashes.
Success for Chris goes further than just monetary success, as he explains on his Instagram. He believes that true success is having options in life. More specifically, having what he calls the four Ws: when, where, what, whom. Having these four Ws represents financial success for Chris.
It is also key that Chris never sees obstacles as obstacles. He sees them as opportunities to learn new things, even if it sounds clichè. Giving up is what drives most entrepreneurs to bankruptcy, not trying to learn from obstacles or challenges. Moreover, Chris differentiates himself from his competition because he works hard and works smart, taking advantage of learning from mentors.
Chris’ next projects include working on a new tech company to solve a huge problem in the real estate industry. He will continue his mentorship program on social media, as well as influencing and transforming millions of lives financially. To follow him, go here.