This story is An factor of CNBC Make It is Millennial Money collection, which particulars how people Throughout the globe earn, spfinish and save their money.
Jay Wey is A particular person of many expertise. The 31-yr-previous Isn’t solely a typeer level guard who performed expert basketball in Taiwan, However in addition a worthwhile start-up fobeneath working To assemble his agency’s U.S. enterprise.
Most people, by no implystheless, are Extra probably to know him from his time spent moonlighting as a content material creator on TikTok — a curiosity that has assembleed him a loyal viewers of Greater than 1.7 million followers in simply over a yr.
Wey confacetrs himself an entrepreneur Initially, but his social media success pays the funds. He has landed Pretty A pair of profitable mannequin partnerships that earn him and his spouse Sharon, who makes cameos in his movies, round $120,000 per yr.
Wey’s TikTok account took off final yr after he created a collection of movies poking take pleasure inable at himself and his frugality. He is used to being referred to as Low price by his frifinishs and has taken to sporting it as a badge of honor.
“Tright here’s negativity round the phrase ‘Low price’,” he tells CNBC Make It. “However ‘Low price’ to me has On A daily basis implyt [being] smart Collectively with your money And by no implys buying for factors That are levelless.”
“Cheap” to me has On A daily basis implyt [being] smart Collectively with your money And by no implys buying for factors That are levelless.
“I’ve by no implys been one To buy identify-mannequin stuff. No matter works, simply works,” he provides. “I am not prepared to spfinish a premium For Decrease than a emblem.”
Wey Is not taking a wage from his agency. Instead, he receives compensation Inside The Sort of equity. And since his start-up pays for his well being automotivee and Tesla costs wright hereas he’s Inside the U.S. on The agency’s behalf, he and his spouse have been In a place To attenuate their funds.
From expert basketball To start out-up fobeneath
Rising up, Wey had his sights set on being A particular Type of star completely.
Wey started take pleasure ining basketball competitively when he was 12, finally take pleasure ining on his Highschool’s nationally ranked group. In school, he performed Diimaginative and prescient II basketball On the College of San Diego as a freshman and sophomore earlier than transferring to the College of San Francisco To finish out his collegiate automotiveeer take pleasure ining Diimaginative and prescient I.</…….