Dato eric tai biography
Later on in life, he would display a masterful entrepreneurial streak. So, what does the career money manager, entrepreneur and father of three want for his children? This is something that I have tried very hard to impart to my children over the years. Tai has been increasingly focused on ensuring that his children are schooled in solid financial practices.
His youngest daughter, Victoria, 19, is precocious and inquisitive. And as his work-life balance has improved over the last few years, he has worked hard to impart good money management principles to her.
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But Tai knows advice and lectures only go so far. An angel investor and enthusiastic mentor to many a budding entrepreneur, he has an enviable network of bright young business stars in the making, many of whom are indebted to him for investing in their company and teaching them to manage their cash flow, or some combination of the two. That is just how things are.
Basically, I get my students to teach my daughter through internships and work placements in these start-ups. Tai also makes it a point to bring Victoria to pitching sessions that he is invited to as a potential investor, and even to one-on-one meetings with the founders of his investee companies. By doing so, he is able to expose his daughter to the real-world effects, implications and pay-offs of managing expenses.
And every so often, they would come to me with a business idea.
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I would advise them as best I could and then let them try it out even if I have reservations about the business model. They actually managed to secure a contract from Astro. But after that contract ended, they could not find other jobs and after some time, the company went under. Obviously, it was quite disheartening for my son at the time, but I think the learning experience — the challenges associated with rolling on the money from contract jobs — has stood him in good stead.