Episode 5

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Published on:

10th Aug 2022

05: Generational Wealth Is More Than Being Handed a Red Envelope

Did you grow up knowing that you were expected to take financial responsibility for more than just yourself?

In episode 5 of the Asian Detox Podcast, TJ explores an expanded version of what generational wealth means to Asian Americans.

When you come from an immigrant family, your perspective on generational wealth is going to be different from the dominant American one. In this episode we explore some Asian American influences on building generational wealth, highlighting in particular:

  • How Asian parent expectations and cultural assumptions influence your relationship with money
  • Asian American perspectives on generational wealth as compared with how dominant American culture uses that term
  • The impact of what we’re taught in childhood about earning, saving and investing money on our journey with money as adults
  • The way money circulates in Asian / Asian American families and what that teaches us about sharing the wealth
  • The motivating factor of knowing that part of your earnings can support someone else

“That’s how I see generational wealth - it’s not a one-directional thing, it’s not a linear line where you go, grandparents-yourself-kids, it’s not even just towards your kids and your grandparents, it’s not one-directional or even bi-directional; it’s like this big circle.”

TJ Wey

S1 E5, Asian Detox Podcast


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About the Podcast

The Asian Detox Podcast
Reclaiming Asian American prosperity
Welcome to the ASIAN DETOX PODCAST, a podcast made for Asian Americans as we navigate life in two very different cultures, come to terms with our identity and share experiences of adjusting to a new way of being.

On this podcast, TJ Wey, a financial and abundance expert who is on track to retire by the age of 40, will share stories of people escaping the hustle culture in their lives and describing what that journey looks like for them.

As a financial expert, TJ's focus will be on the Asian money mindset, how to shift to an abundance mindset, discussing past money mindsets and how and if they need to be rewired and reframed and what - mind shift changes were needed when choosing the path of business over traditional career paths.

TJ is your #VeryAsian, non-binary, gluten-and-dairy-free money habits coach, helping Asian American small business owners escape the hustle culture and build their abundant life.

Zhi is on track to retire by 40, working independently and earning zir own way, after over a decade of working in corporate America as an IT Project Manager and following the Asian-Parent approved path.

TJ is known for zir work on Abundance and creating wealth systems that help others to reach their financial goals and desired lifestyle.

This is a bi-weekly podcast, with 12 episodes per season. TJ will be doing solo episodes speaking about zir own experiences as an Asian American, how zhi managed to be on track to retire by 40 and helping you understand how to create an abundant lifestyle that feels good to you and your culture. Zhi will also be bringing on guests to share their own shared experiences as an Asian American.

This podcast will leave you inspired, open your mind to understanding how much wealth is available to you and provide amazing lifestyle shifts that will help you feel great about your own culture while choosing to live a life that is off the beaten path.

We look forward to seeing you every other week

We hope that with this podcast you will come to realize that you can design your abundant life in a way that honors your heritage while enjoying a life of ease and alignment. And you can do it while making money and building generational wealth.

Our Links:
TheAsianDetoxPodcast.com

AbundanceFirst.com
RightWey.com

About your host

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TJ Wey

TJ Wey (zhi/zir) is your #VeryAsian, non-binary, gluten-and-dairy free money habits coach. After over a decade in corporate America as an IT Project Manager, zhi is on track to retire by 40. Zhi wants to help Asian American small business owners escape the hustle culture and live their abundant life through better money habits and financial foundations.