Making Money While You Sleep

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About this Episode

Today we are honored to host Dr. Wesley Pak on the show. Dr. Pak holds MBA and PhD degree and is a successful entrepreneur.  He started selling private label products on Amazon since 2017 and was able to reach 1.6 million annual sale revenue in 2019. Wesley and his wife had served in the U.S. Air force for 15 years.

Dr. Pak has figured out how to make money while sleeping and has developed a great system for personal and financial growth. Listen in to hear what Dr. Wesley Pak has to say about being successful in business. 

Key Points of Discussion

• Life story of Dr. Wesley Pak
• Wesley’s career
• Thinking about business; having entrepreneur mindset
• Learning from YouTube and books
• Revenue and profit goals
• Business management

Key Milestones of this Episode

[01:22]  Dr. Wesley Pak’s story

[04:05]  Living in Mexico and pursuing a career

[08:02]  Dealing with unexpected moves

[11:35]  Mental shift from employee mindset to an entrepreneur mindset

[19:40]  New business as an Amazon FBA seller

[21:02]  Learning from YouTube

[25:23]   Potential value of being an Amazon FBA seller

[30:20]  Talking about management

[35:27]  Advice for military spouse

Key Quotes by Wesley Pak

1. “Yes, you know I think even being a business owner a lot of people act like an employee and that they try to do everything on their own.”
2. “I think in order to be able to scale up your business and able to grow as a person, you need to be able to delegate and able to create great team.”
3. “As a business owner your job is not to do everything; it’s actually not to be busy but spend time reading books.”
4.  “The least busy you are, the better off your business is because you have time to think and maneuver in plan.”
5. “Do not underestimate yourself, spend time reading about money and businesses.”
6. “So once you learn how to make a disconnection between time and money and able to make money while you’re sleeping, then that’s when you can have freedom.”

About Our Guest Dr. Wesley Pak

Dr. Wesley Pak holds MBA and PhD degrees, is an adjunct professor and has an entrepreneur mindset. Wesley has started multiple businesses and learned some great skills including business management. He now owns an Amazon FBA store and growing his business. Dr. Pak is an advocate of the concept that everyone should make money when they are sleeping.

 To hear more about Wesley’s experience, download this episode now.

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To hear more about Wesley’s experience, download this episode now.

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