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From Refugee to Multimillionaire: Don Ha on Real Estate Business & Overcoming Bankruptcy

February 23, 2025 / 01:15:38

This episode features Don Ha discussing his journey from being a refugee to becoming a successful real estate agent and entrepreneur. Key topics include his experiences as a refugee, overcoming adversity, and the lessons learned from his financial struggles.

Don shares his story of fleeing Vietnam at the age of 10, navigating life in a refugee camp, and eventually settling in New Zealand. He reflects on the challenges faced by his family and the cultural adjustments they had to make.

He talks about his initial success in the bakery business, his transition to real estate, and the financial crisis that led to his bankruptcy. Don emphasizes the importance of resilience and hard work in overcoming setbacks.

Throughout the conversation, he highlights the significance of loyalty, mentorship, and community support in his journey. He also discusses his current role as CEO of Remax New Zealand and his aspirations for the future.

Don's story serves as an inspiration for anyone facing adversity, showcasing the power of determination and the ability to rebuild after hardship.

TLDR

Don Ha shares his journey from refugee to real estate success, discussing adversity, resilience, and the importance of community support.

Episode

1:15:38
00:00:00
[Music] kiwi's Love at First like Finn we're making [Music] waves generate switch online
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[Music] today Don ha welcome to my podcast thank you it's uh so good to um have you here
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my team reached out to you to ask you to come on and this is your first ever podcast well look I've been request
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internationally to do podcast and I declined and then in the end I just thought this is my first podcast so it
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might as well be you what was it your daughter that twisted your arm my daughter is a fan of yours I was quite
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surprised she's only 20 so you got a wider audience there and she said you got to go on to this podcast look en
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Mo's on here John Key's on here look then she showed me the Instagram I thought oh my God I didn't know Dom hary
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was this famous so I thought I got to get on well uh um I've um been intrigued
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with your story um and there's a lot to unpack with you because it's sort of
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like um well the there the refugee background so it's sort like Rags to Riches back to rags again and then back
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to riches so um yeah there's there's a there's a lot to the donha story a lot
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of adversity i c I've been refuged twice and I wonder which one was harder so we
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can talk about that oh so Refugee twice as first time an actual Refugee yeah when I arrived here in 1980 and second
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time when I lose all my wealth I felt like I was a refugee again which one was harder yeah because
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yeah you were declared bankrupt and there was um you were placed in receivership and um because of your uh
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high-profile there were some headlines and um it was very very public I I I'd
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imagine that was quite humiliating at the time well that's what I mean like when you first come here as a refuge you
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um you don't know anything so it doesn't matter what happen to you you're just a
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refugee but when you build your wife become high profile and and all of that's taken away from you man I think
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that was harder when you were when all your sort like all your rights and all your
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freedoms have been taken away from you you feel like you are Refugee again but probably hit you a lot harder because
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you understand a lot more things y well we'll get to all that but first of all
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how are you today well I'm I'm wake up this morning and I thought man I got to
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go on a DN happy show so I'm I'm excited EXC and and how's you you were telling
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us just before we started recording that you've got um you're dealing with some
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health issues this year B yeah B posy I got it in March yeah and I'm just still
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it's been in 9 months now but it takes about 6 months to recover up to 9 months
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so I'm I'm still going through it right now and yeah I'm almost normal yes so
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sort of like a paralysis of the face and you were telling us about um a traditional Vietnamese remedy do you
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really want me to tell that okay so I I had B py and and then my father said look I don't care what you try it won't
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fix you because he had it and he fixed himself and then somebody else in Vietnam had it and then they have to
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ring my brother ask how did my father fix himself and he went to the hospital and he saw this man in the hospital and
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my father said I'm giving up nothing will fix me and then this old man said don't worry it's simple so some TR
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woman in the Vietnamese Forest uh she said you go and get the eel cut the ti off get the blood put on your face leave
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it overnight and it will fix you so it fixed my father and I refuse to believe him because I hit phobia on ears you
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know I could be I'm fearless but I'm fear ears got snam me thing you know on
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your head yeah they gross so I had no choice I I had no choice but I went and bought seven eels and my father and my
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brother was helping me like 3 m away man let go some you know cutting this e toil off and then get the paper
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towel put the blood in my face and no kidding seven days later it fixed me I I just now I tell the story to every bosy
00:04:17
people that's got it so cuz it can fix me it can fix them and I think this should be a a world why message to
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people at B py I did saw a n one of those basketball player player he was he was wearing his dark sunay and he said
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he get Bell py I sent on a message I said hey I understand the symptom you want to know how to fix it I can let you
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know how how it's done but I never heard from him yes yeah I mean I suppose some
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people would be like well I'd probably rather have the bells pause and let it
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run its C than put 's blood on my face let's go back and unpack the um donha
00:04:54
story so what are your earliest memories like as a as a kid in Vietnam what earliest memories from back then
00:05:01
okay well in Vietnam you don't have much you know like we live in a house uh sort
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of like in the country house and every day we just go to school walk to school come home never seen a bus before
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because there's no cars in his bicycles so then one day there was a bus a nice
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bus that just turned up on our driveway and then cuz my father he's Chinese my mom's
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Vietnamese and and the 70s Vietnam and China had a war going on so there's a
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bit of racial tension so they all the Chinese go back to China which is we are chinese vietnamese so then this bus
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turned up and then all a sudden my father said pack everything all a sudden pack everything
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why are we packing said we leaving I said where are we leaving said we're leaving Vietnam so you you tell what you
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tell in Vietnam so we all went pack and then the bus take us to this big boat and then uh we hop on it and then
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and my two uncles was part of uh the the belat and then because my father they were all fisherman they know how to
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navigate to Hong Kong and we didn't have to pay to go on this boat so the whole
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family just left in the place of one afternoon and leave everything behind and went to Hong Kong how old were you
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at the time I was 10 so that was the first time I I um see a car and then when we went to the Past China we had to
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stop to uh for the boat repairs and then for some reason there was another boat that had the cap the door of the captain
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was an our boat and the other boat was broken and they might us told them to Hong Kong they said if you don't tell
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our boat to Hong Kong we throw your daughter overboard so we had to tell this other
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boat to Hong Kong and then when we got to Hong Kong border I saw the warship was night whing
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their can and pointing at our boat because we could be Pirates you know and then we were not and then they gave us I
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pack up some slice sprits that's the first time I taste slice sprits that's
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what I remember and then when we get to Hong Kong then we went to stay in the refugee camp for a couple of years uh
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before we allowed to come well we we're not allowed to to come to New Zealand
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but uh it's like every country has a refugee quoter American England UK Australia so everybody wants to go to
00:07:26
those countri no one wants to come to New Zealand we we didn't come here by choice we come here because we got no
00:07:33
choice that's my memory of uh how we got here and and how we started yeah just
00:07:41
looping back to that boat stuff so uh how long is the boat ride from um Vietnam about a month about a month yeah
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and how was it overcrowded how many people on the boat well there were that needed 300 people it was a big but big
00:07:53
passenger boat yeah when you get to Hong Kong they burn all the boats that was crazy they line all the belts up and
00:08:01
they burned them all who burns them the Hong Kong government right CU they couldn't store them anywhere yeah so
00:08:06
they just burned them but I I can't imagine is it is it like do do does your
00:08:11
family have their own room or their own bathroom facilities or is it um no where
00:08:15
you sleeping on the boat you sleep on the floor like this room here could sleep our whole family and there's no
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bathroom on the boat the bathroom was just a whole Dro of the sea that's it it
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was very quieted and you get seasick uh whatever you wear the same clothes you don't have any clothes or change any
00:08:32
change of clothes at all so you think from from your parents perspective it's it's an act of
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desperation right like it's that they're doing what's the right thing for
00:08:41
themselves and for and for you and well I think at the time my father secretly was already building his a Bo to leave
00:08:47
Vietnam but it's it's only a boat with 30 people and all a sudden you got this
00:08:51
massive ship almost to take you there and you have to pay the you got to pay a k go per hit to get on it m we didn't
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have to because uh they rely on us to get us them everyone else in Hong Kong so and said
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they should be they forom to pay us a Kiloo per head that we take them to Hong Kong but when we got there they didn't
00:09:10
pay us but I don't think it matters because we got there without safely and without paying so that was a
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trade-off yeah what are your memories of that as a as a 10-year-old boy like did
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you feel did you feel um you know did you feel safe did you feel scared no I didn't feel scared all I
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feel safe because when you're 10 year old you feel like the the elders are looking after you and but when you go
00:09:37
from Vietnam where you see people every day you talk in your language and you go
00:09:41
to Hong Kong and you see like you know the English policeman that's really big
00:09:47
and powerful and they all speak a different language then yes at that time you feel intimidated because you don't
00:09:54
understand yeah I can still still remember staying at refugee camp where everybody gets the same size of
00:10:01
aluminium bow so buckets big trums of food will arrive you K up you get scoop pumpkin peas meat rice even the baby get
00:10:12
the same size bow so that means the baby doesn't eat all the food we get to eat
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the balance yeah that's that's what I can remember yeah so who was there in
00:10:22
the high family there was your mom your dad yeah and there was my mom my dad and
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this uh we had five boys and two girls and the family so we had quite a big family and we when saay in the camp we
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got like you know how you got the bun bits where we got the triple bun bits they go three levels high and it's in
00:10:41
the D they can get quite hot in summer cuz there fan going on so yeah so we get all of these bunk bits and and in One D
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you have like maybe a thousand people and obviously there's andh house fightings and steerings and all sorts of
00:11:02
stuff that can happen in there wow so then so you come to New Zealand um and then you you're placed in
00:11:10
the um the refugee Center at mongy yes um you guys can't speak any English no
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and so when we come to New Zealand we stay there for three months uh for them to check all our
00:11:24
health out and give us all the medicine and give you ills blood you need it no didn't even see it y then didn't see it
00:11:32
y then we had nine family that sponsor our family nine families and they all bring us food blankets put and they find
00:11:40
a house for us so they find a house in alar for us so we stay in for house and hota and uh
00:11:49
obviously we just thought this is it uh meaning like you know obviously aling South is quite a rough area but we
00:11:57
didn't know any different we thought this is is it this is how it is so so we
00:12:01
sign a $120 house a week and then every week the sponsor will bring food blankets to to our family and then I get
00:12:09
his go to school I was put into standard four at the age of 12 speak zero English
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and um being in Old toown when you go to these primary schools that the kids in Old Town they teach you all the swinging
00:12:22
wordss so the f word is the the first word they taught me I'm not kidding I go
00:12:27
home and tell my mom what you know today so I I swore at my mom and she swore back at me and we still don't know what
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it means today I know what it meant but my mother still don't know what it means
00:12:37
because she don't speak English at all so that was part of the fun yeah I can imagine um I mean when you're a kid
00:12:45
when you're a 12-year-old kid um you you still have an ability to to adapt and to
00:12:49
learn and pick up new things but um I can imagine how difficult that was for you appearance you know sort of being
00:12:54
stripped of your entire identity and um that must have been really really challenging for your parents oh it is
00:13:00
and I I got to admire my father so much I mean I I think back okay let to say I'm 56 now when he was
00:13:08
50 he took his whole family left the country to nowhere and today all of us are married
00:13:17
he's like uh grandfather or great-grandfather of night SI or nephew and NES and my mom and dad are still
00:13:26
alive they 94 92 wow and they love to see the leacy created in a brand new country I mean like I might achieve
00:13:36
monitary terms but I cannot achieve what he achieved you know or make that sharp
00:13:40
decision to pick up and and leave is crazy Y what about the um the rest of your siblings have they all done okay
00:13:48
for themselves yes they do we we got into uh we stay in an old house for 3 years and within 3 years Believe It or
00:13:56
Not uh we saved together and we bought our first family home but in 3 years bring in New Zealand bought the first
00:14:01
home and Pap toy toy for 55,000 why we can buy a home so quickly was we all work together and all the
00:14:08
money save together and I think today's uh in today's night we always thinking
00:14:13
that uh affordable of buying a home is hard it's hard because we all keep our
00:14:18
own money but today you know everyone can earn $1,000 a week mention four arrows M you know like put $800 side
00:14:25
$200 for your lunch you would save 3,000 a week in the space of 6 month you can buy a home but today I want to bring
00:14:32
that message back that home ownership is your possible if you work together but there must be leadership in the family
00:14:39
somebody got to be in charge yeah yeah and you your dad ended up um um buying his own business a bakery well after our
00:14:47
first home then then yeah we started uh bought up our first bakery called the saon bakery in won spring and then from
00:14:54
there we all taught ourselves how to B because my dad now how to B my brother know my uncle know and then we buy our
00:15:02
second Bakery our third Bakery and then bought our second third fourth house and
00:15:07
at one point our family all together had 35 bakeries but they didn't know how to
00:15:13
franchise because they just know how to bake so then they they sell their Bakery
00:15:18
off and then they just set up sell the bakery off as today you can see the the bakery all around New Zealand uh all of
00:15:26
that baking recipe started from our family you if you go to Asian bqu you can know that the pie the apple donut
00:15:32
the cakes everything they look very similar it's because we started in 1982 but if we now had a franchise we put it
00:15:40
on a hung B right now or more but we didn't so you you worked um parttime in
00:15:45
the bakery um basically every spare minute outside of school you were working in the bakery yeah there's no
00:15:50
school Camp there's no Sports in the weekend you go home after school you go
00:15:54
to the baky squ the tray off the floor do the dishes in the weekend you do the same
00:16:00
thing basically that's my life you know like you get thought to work in a very early
00:16:05
age so I miss out a lot on that school the school that my daughter and my son now get to have I I do not have
00:16:13
yeah did you um did you enjoy that though or did you feel like a sense of fomo because all your you fear of
00:16:19
missing out all your friends at school were doing fun activities in the weekend and you had to when you started going to
00:16:25
college and then you you miss out you miss out the after school even event the weekend Sports and didn't allow to go to
00:16:32
disco and things like that and oh man you do feel like you are missing up but but for some reason my father has
00:16:40
instilled that respect hard work culture and our headit that we don't disrespect
00:16:47
his instructions so so yeah and I think his value is now create that value and myself and that's a value that I create
00:16:55
throughout my company culture now and it changed a lot of people h y is is that just the Chinese
00:17:02
way well it is a Chinese way a Vietnamese way but not everybody follow that way because as an adult if you
00:17:11
don't care about your kids you can't carry it through so I can see some family where they cannot carry that same
00:17:18
way through because because the parents have to be strong where the parent is not strong they can't carry their value
00:17:25
through so your kids are are kiwi kids they born here and the Dead's done very
00:17:31
well for themselves are they um do they have the same sort of respect for you or
00:17:35
do they 100% yeah do they they carry my value and U they appreciate what I do for them and they do things now it's
00:17:44
quite it's quite funny when your kids live with you you talk the same language
00:17:47
every day now they talk your language they use the same value as you taught them to their friends and it's amazing
00:17:55
you see yourself in each one of them and each one of them carries a different value which is part of you and and the
00:18:02
feedback on obviously people when they meet wow your son's amazing your daughters is amazing they did this they
00:18:08
did that and for them to get employment right now it's like you know they'll be
00:18:13
the best employee in any company because they can outperform anyone uh for their
00:18:18
ability and their resilience yeah so so you're working you're working in the bakery um and you
00:18:25
have higher aspirations for yourself I you wanted to be famous right you wanted to be an actor right what did what did
00:18:30
your dad think of that well my dad only wanted me to be a baker and I'm I'm the
00:18:35
black sheep in the family I always want to be the richest man in the family and I told him that many times and he just
00:18:41
laughed at me so I tried selling M selling Kirby vacuum cleaners had the store in the flea market had a nightclub
00:18:51
so do all sorts of things and I fail and then he just told me that I told you so and I I was rebellous
00:19:01
against him because I listened to a lot of motiv motivational TS and I talk at martial arts and then I said Thomas
00:19:09
Edison filed the lightbolt 99,999 times so I still I I still got thousands to go so you can say what you
00:19:18
want so then when I talk about martial arts I thought that I'm going to be Blye
00:19:24
I thought I'm going to be famous uh being a martial artist and I was very good at it I had a th000 martial arts
00:19:30
student student 35 black belts under me I can jump over cars run over fence without hand without using my hand so I
00:19:38
went audition the same way ble with audition meaning that they can't replace
00:19:43
a St man that can do that but uh being in New Zealand I only get bad parts like you know all the quam
00:19:49
Watch scene was on it crime watch yeah that's an old an old TV show that was yeah you know somebody
00:19:57
like the the rooll leg from about Tam New Market you know robberies trying Korean fisherman all those roles and at
00:20:05
one time I was on a movie with civil shepher as well I was a Tha pirate so you get all these bed PS so I
00:20:13
thought no I'm not going to get famous being an actor here oh so you were always the villain you were never the
00:20:18
leading man no I was not but I I did had a a part when I was auditioning I got a
00:20:23
r for this I don't know what this movie is called now but it was about an Asian
00:20:28
man the Australian vment in the in the middle of the desert somewhere and and I CAU the P
00:20:35
but I said but I sign at least for my bakery now so I can't be away for 6 months so I I watched the movie The guy
00:20:43
died he trying in the cave that was my role but I had a least of my bakery so I couldn't take the part but that who
00:20:51
knows where would that lead to right but anyway that was my fake so yeah so well
00:20:55
okay so why real estate why um cuz it seems like the easiest um path for you would be to stay in the family business
00:21:01
and yes become a baker Why Real Estate well I hate it being a baker to be honest I was like 24 19 to 24 working 72
00:21:11
hours a week you know when you're young you go out the night club you know you
00:21:14
want to look for your girlfriend you can't cuz you got to go to work at 5:30
00:21:18
in the morning and then one day uh uh a agent worked at my shop and I said what do you
00:21:26
do for living He said I'm an agent and he said uh I said how many house do you
00:21:29
sell this month he said I sell two and I said um how much you get pay he said I got to pay 12,000 for each one and then
00:21:37
my head I thought man if I sell six houses a year I can take the whole year off so my bakery was worth 120,000 at
00:21:45
the time I studied my real estate course and you talk about cutting your losses I sold it for
00:21:52
60,000 just to get out of the bakery and become an agent now my father thought I
00:21:57
was even more crazy see my mother was crying because she gets to count my money every day she doesn't count it
00:22:03
anymore so I became an agent in September 94 and I went to the company and I asked the boss I said how many
00:22:10
hours does your agent number one agent work a weit to become number one he said she works 50 hours and I had zero
00:22:18
experience and I said if I work 72 hours I'll be her now I didn't know being a
00:22:22
realight agent you got to have the listing the customers I just know that I work 72 hours bet I apply my Baker hour
00:22:30
into to real site where I work for 84 hours even 100 hours and my first year no kidding I sold 86 properties without
00:22:39
any experience and one particular month I got paid 53,000 after tax now in the bakery I earned 30,000 for the whole
00:22:48
year doing 72 hours week one month I got to pay 53,000 that year I bought in a total of 440,000
00:22:55
that is so much money that's more than the Prime Minister it's crazy money so
00:23:01
then I realized whatever my father tells me that I can't do whatever my community
00:23:06
tells me what I can't do was on your head so from there it just no looking back was was was um that must have taken
00:23:14
some real courage um on your part to go against your appearance wishes though yes because I didn't want to stuck in
00:23:22
that environment and become limited and earning and real estate was a vehicle that you can earn
00:23:29
unlimited money yep and I was lucky enough to uh get mentors and Coach along the way to help
00:23:35
me so really is just an example of um yeah hard work beating Talent right yes and then obviously you make a lot of
00:23:43
mistakes on along the way you know like you you made mistake cuz you don't know
00:23:46
what liquidation mean you don't know I mean at a point where I saw a um ba and
00:23:52
Thompson for S side in front of the house and I didn't know that it's there
00:23:58
sign that I shouldn't be approaching them but I thought that they got the agent on the sign that was the honor so
00:24:04
I ring up the bfo agent and say hey this is Don how can I sell your house for you
00:24:08
I mean dumb sometime is good being dumb is actually sometimes good yeah yeah you're just not knowing
00:24:15
not knowing the rules yeah and in the private s sign it says no agents right it say private S no agents so I ring up
00:24:22
the owner I said hey um this is Don ha here can I sell your house for you and I and he said I told I told I said no
00:24:28
agent on my sign I said that's what I taught you see you haven't got an agent when you say no
00:24:34
agent I'm an agent so well was your was your English not not particularly good at the time or no
00:24:42
it was not very good because at school I I failed uh fifth form twice I failed sixth form twice too my father said
00:24:51
you're not clever enough you going to leave school and join the family bakery
00:24:54
so no English was terrible uh spelling and all that sort stuff I I Rely a lot on help so but I had the ability to earn
00:25:04
people's respect and Trust very quickly when I lock on their doors I uice myself
00:25:10
and I was I was working for the people first before I work for myself and that was my secret was to work for the people
00:25:17
first the money comes later yep uh I think from um from your background like from where you came from
00:25:25
it's sort of like um you've succeeded um against the odds and I think that makes
00:25:29
part of the the story more inspiring right yeah well since my success you know if you look at all the South
00:25:35
Oakland agent now today there there's many many ethnics and that uh because of
00:25:39
me I created the the pathway for everyone that now it's possible to do that so so yeah that's been quite a
00:25:47
incredible creation I have created so many millionaire agents so many millionaire investors even so many
00:25:53
millionaires but in my own company it's and my family now we all millionaires m
00:25:59
yeah and and um at the point we're recording this towards the end of 2024 this is your um 30th Anniversary wow 30
00:26:06
years in real estate yeah 30 years real estate and I done now over 120,000 hours
00:26:10
cuz every week I still do 70 hours do you yes yeah what is an average they look like now well these days I don't
00:26:17
physically do the work I do the thinking and I do the key accounts and I give instructions on my team and then I do a
00:26:24
lot of event seminars uh I I have to scy up now where the secret of skying up is
00:26:31
create a rpe once sell it a thousand times just like today's podcast you create this recipe once and then you
00:26:37
could have thousand listeners that knows your message that's sking up yeah um
00:26:43
when did you when did you first feel um rich or financially secure was it the first year of real estate when you were
00:26:49
suddenly were making more than what you were making in the bakery or well the goal to make a to become a millionaire
00:26:54
and my goal was to become a millionaire before I 30 and then when you hit a millionaire Network that's when you feel
00:26:59
like wow you made it and then there was a there was another man in the company where he's been divorced and he said
00:27:06
well you're not a millionaire yet I said why not I said well your wife will take
00:27:10
half so you'll be 500,000 so he inspired me to get the second million so my wife
00:27:15
can hit this the other million so so I said okay I'm going to go and get two
00:27:19
million instead of one and you You' you've still got the same wife though
00:27:24
yeah well she's too expensive now yeah we've been married now for I don't
00:27:30
know 20 something years so oh congratulations and and your um your business cards when you first started
00:27:36
out do they um it said donha licensed to print money yes well I used a James Bond
00:27:41
method was James Bond is Licensed to Kill with his business card7 the minute I got my business card
00:27:49
I said I'm licensed to print money so policeman would pull me over before he
00:27:54
gave me a ticket I give him a business card I sold it policeman now in 11 houses uh and I now s a lot of uh poty
00:28:02
to policeman and only a few weeks ago I got sto at Mission B there and a policeman pull over for brief testing
00:28:09
and then the minute he made me count to five and he said Don ha I got a house I want to
00:28:16
sell uh what should I do so I quickly reach for my business card now just remember in business got to be ready at
00:28:22
any time without warning always have a business card so I give him my cat and I said here's
00:28:29
my cat and then I don't want to talk to him anymore cuz it it was on JY and I
00:28:33
said you give me a call when you're ready so so from that that's how we expanded from visiting uh doctors I I I
00:28:40
me to a bunch of doctors now uh DST you know all profession it's now it's very
00:28:47
good to have doctors on call when you need stuff you know yeah so what was you um what was your uh what was your net
00:28:54
worth you don't have to answer this if you don't want but um you know I know
00:28:58
that you are very um yeah money focused and success focused so if you want to answer it that's cool but what was your
00:29:04
what was your net worth um just when we're going into the global financial crisis I had $120 million of assets yeah
00:29:11
$60 million net worth at one point I even forgot I had 12 houses in poke Koy I lost count it was that crazy I was
00:29:21
buying a sour house a week and uh I had uh I built houses I had land I had everything and then I had 43 race horses
00:29:31
too on top of that it was crazy it was yeah what was the appeal with race horses horses are an expensive hobby
00:29:38
aren't they they are but you know when you do one thing and you get bought you
00:29:43
know like like you do really bought and then somebody come along and say hey look you can buy a horse a half a
00:29:48
million it could make you three million I thought man this is easy in real estate you know so then I thought I
00:29:56
thought that you can trust people on that basis but no it's if the horse got
00:30:02
a Bor chip is Le you don't know but they tell you buy you buy it right because
00:30:07
but you can buy a horse for half a million and it could be only 1500 so I went and bought all of these horses and
00:30:14
I was been giving some bad advice cuz people take advantage of me on that basis but I did bought that the bill
00:30:20
coat uh for 2 million and I thought I thought this is where the hit line and I thought I thought this make
00:30:29
me if for marketing purpose I went and bought the horse so the night before make sure I did the cooking clean the
00:30:36
kitchen so my wife I said tomorrow I'm going to buy a horse you know she didn't
00:30:40
know how much I want to spend so I said yeah okay so I thought okay you see okay
00:30:46
so so I went I like proudly to say to you the was there of duai and all the other high players and I outb all of
00:30:55
them and I pay 2 million bucks for this a be C and fair enough become world famous you know and then after that I
00:31:02
thought okay I'm now going to run a naming competition that that all New Zealand people can send the names to
00:31:09
name this hor we receiving 20,000 naming for this horse and I was quite stupid in one case
00:31:18
was there was this beautiful air horses on Air New Zealand she she saw me on the
00:31:22
flight she wrote me her phone number down and she put coru as the name of the the
00:31:28
horse but I wonder if she she put her phone number down so I can date her I'm
00:31:32
not sure I never ring her I put her name in the Box get you in trouble it cost you half your money cost you half your
00:31:38
money so okay so so the um the zabil cult that was at the uh K Millions yeah oh my God that is a that is a daunting
00:31:46
auction that is so much money oh the rors pack and you know you get request to go on uh TV interviews and sky and I
00:31:54
had two requests I hav had a I don't know sometime I'm just making these stupid decisions or I had a
00:32:01
request to be on Playboy magazine for interview for buying this horse I declined him and then I had
00:32:10
another request to be on a car advertisement for this Chinese car and China I declined them too mhm at the
00:32:18
time when you're so busy doing things you you can say no to certain things so
00:32:23
anyway I don't know what would happen if I did appear in the Playboy magazine
00:32:27
interview I don't know why they want to interview me so um yes so buying a horse for $2
00:32:34
million do in hindsight um and on reflection like do you think it was um a good investment or was it like part of
00:32:41
like an ego project like for the donha brand well the whole idea of buying the $2 million horse for you hoping that it
00:32:47
will win a lot of good races and become going to stun and you can charge $100,000 for a service what make you you
00:32:53
know 30 million a year but you when you bought the best horse from the best mother and the best father it doesn't
00:33:00
mean that the son is going to be the best is it it's no different from you could have a rich parent and your son
00:33:06
could become an alcoholic and a failure well that horse only won two race 40,000
00:33:12
and didn't win any other race St for it what a a f you know St horse so I still got the
00:33:21
horse show in my office I think the horse is dead now yeah you didn't go to the funeral no I I didn't I didn't after
00:33:29
all of that I thought no I paid 10 million or so to buy all my race horses and cash too that was crazy it was a
00:33:37
crazy era and then the president of em uh they might may promote the am Mel cup which I get to take a pH my horse and
00:33:47
they put me in the front page of the hero over a superm model so all of the experience uh I had no regrets I I met
00:33:55
the most amazing people had the most aming experience and I'm still here so that's I had no regrets what about your
00:34:02
parents at the time like when when they hear you spending $2 million on a horse um what do they say at that point do
00:34:09
they just trust your judgment and trust that you know what you're doing is right
00:34:12
or do they you know I don't think they know I don't think they know until later
00:34:19
I don't think even they know when up here in the rich list neither so uh then
00:34:23
I told him and at that moment my father just giving up on me he just said look I
00:34:27
I can't control you I can't tell you what to do uh you just do what you do
00:34:32
and and you and you'd been successful to that point so y yeah and no admittedly
00:34:38
when they com at receivership he he my family helped me a lot so that's good
00:34:43
yeah yeah yeah which takes us to um yeah the global financial crisis where um you
00:34:50
were declared bankrupt and you're in receivership so uh this was 2012 so I'm
00:34:55
guessing you were like 40 early 40s at the time yep yep um yeah how was that how how did that
00:35:04
happen did you what what happened how did you end up getting into that trouble well first thing when you don't know uh
00:35:11
document that you signed and your lawyer just advise you sign here when you get a
00:35:15
loan document without explaining to you so then you give your company away as a guarantee and then you sign these
00:35:22
documents and then when the interest rate hits 12% you can't pay for your mortgages because
00:35:30
it's so high and then we were selling 110 houses a month we only selling 10 it's like and then it cost me 200,000
00:35:38
to fit my horses a month it was crazy oh so you just sort of like um overcommitted stretched a bit
00:35:47
thin not enough equity in your properties there were plenty of equities but there's not enough cash flows okay
00:35:53
to to pay for all the other costes yeah and then then when the bank put you in the receivership you don't even know
00:36:00
what the word receivership means until you go through it and then they just took control your
00:36:05
company and you know I I was living in a $6 million house in Woodford I had uh a
00:36:11
Mercedes I had a Porsche and uh man and I had to become attendant after that can you
00:36:21
imagine you know that you had nothing from from all of that clamour and you go down to zero you go and rent a house for
00:36:27
a year and you have to give back your car and and my daughters they were on night maybe 6 and
00:36:36
three at the time we had to move down the road to rent the house and that's the first time I become a tenant I got
00:36:43
to feel sorry for tenants out there honestly you know the question they ask how you going
00:36:49
to pay for it all the sort of stuff and that's when my dog L what what's there
00:36:54
and I said you got a dog I said have you meet my dog hereid you know she's beautiful have you meet my dog so and
00:37:01
then then he agrees to rent me this house and then um from there we had to start again from
00:37:11
zero and I got to say prior to the bankruptcy and receivership I can pick and choose who I want to work and sell
00:37:19
for but when you start again you got to you can't pick and choose anymore you
00:37:25
you will ring up the person that you don't don't even like the highest price
00:37:30
out there not sell you have to take them on and when you put your sign on the highest price of the properties you know
00:37:37
it's not going to sell but the buyer doesn't know what's the highest price do
00:37:41
they they ring you up and you can sell them something else so Baker can't be
00:37:45
chooses so then I had a Singaporean developer he was so good to me today he's um he owns a mure hotel now up up a
00:37:52
Queen Street he people like you you like the tree the trunk will always stand but the branch will get blown off
00:38:02
or the top will get blown off you will recover and you make it again and he given me to take charge of his total 162
00:38:11
site development in t Tak when he was living in Singapore I named the subdivision sunai estate after the
00:38:18
mother of the horse that I bought and he supported me and I couldn't believe it that he's
00:38:25
given me this $80 million velopment because of my experience not because of what happened to me and from there
00:38:31
because of that it it recover my profile and my credibility and today we're quite
00:38:37
friends and I I never forget that you know Loyalty means a lot and and believe in the ability of the person not because
00:38:45
something had tainted their name and we forget about that person uh I never forget people who supported me Stand By
00:38:53
Me on that basis and today I give a lot of people that second chance because because no one will talk to them but I
00:39:01
do yeah where did that drive come from to start again I mean so you you you know you're middle-aged at almost
00:39:08
middle-aged at the time early 40s you got a young family um you've been burnt
00:39:14
very badly um yeah why not just get a normal job like go back to the bakery or something well the the thing is I never
00:39:21
work for anyone uh on a sick day or holiday pay I I don't know what it's
00:39:28
like but I had the ability to believe that I can do it once I can do it again uh the receivership the bankruptcy uh
00:39:37
happened not because by I would say by choice or it happened because before people just didn't like
00:39:47
me for being successful or talking back against them so I knew that I can make it again I knew I had the ability to do
00:39:55
it once you can do it again and I call it the perfect storm because after the GFC after the recovery there's that
00:40:02
period where the property Market recovers really quickly and I tell my my agent I said look work 100 hours a week
00:40:09
because this opportunity don't come as quickly my agent were doing that 50 hours a week I was doing 100 hours a
00:40:17
week and the different was they were earning 800,000 I was earning 5 million M and I was able to recover a lot of
00:40:24
that lost spe and and it's a perfect storm I call it and we just about to come to the
00:40:31
perfect storm in 2025 cuz the real estate sector now it's been suffing for the past three years I
00:40:37
believe the perfect storm will come back in 2025 again what what does it mean exactly to
00:40:42
be bankrupt well when you're bankrupt first you can't travel anywhere because you
00:40:47
don't have any money and you can't drive a car for more than 5,000 and you work and I think I don't
00:40:55
think you can earn more than 60,000 year neither so you become a a normal citizen your bank rupy period And I
00:41:06
thought it taught me a lot because for three years I couldn't do anything is
00:41:09
that how long you okay for three years three years you were restricted but you had the ability to
00:41:16
work and to spend that time to redevelop your system and build your people and and think what you're going to do when
00:41:23
you come out of it so for that period that was very hard when you travel overseas you've got to um get your
00:41:31
father to pay for you or someone pay for you because you got no money uh things like that so and getting credit is very
00:41:39
very hard and no company will get you credit and things like that so when I started again a lot of company they
00:41:46
don't give me credits uh and and even today we still don't take credits because we see that every month if we
00:41:56
got our Supply and we pay them off we know exactly how much money we got so some of the company now saying that hey
00:42:01
you should have an account with us cuz you're our bigest you're our bigest
00:42:04
account but but we quite like it that way cuz no account no credits you pay for it that's
00:42:12
it full stop so that's been working really well on that basis yeah how was how was your mental health over that
00:42:20
time for some reason when I when I was put into receivership at the time I play the song &em I'm Not Afraid that was my
00:42:29
theme song it's a great song I just keep playing it every every day to to keep me
00:42:37
going my mental health was was actually stronger and sometimes I get people kill
00:42:43
outside my company because they went through the same process and they want my advice and I save a lot of people
00:42:49
money ever since so now my mental health is surprisingly every day it's get stronger not weaker for some reason what
00:42:57
happened but that's just my selief that I can do it what about yeah if if you go
00:43:03
online and Google Don har there's still some articles that come up from that
00:43:06
time um so it was it was uh it was a very public Fall From Grace and I I feel like the like there's there's a thing in
00:43:14
New Zealand called tall poppy syndrome uh where you want to cut down successful people and I feel like there's probably
00:43:19
sections of um the media or real estate that sort of rubbed their hands together
00:43:24
with a Glee at your demise um yeah was that humil oh it is it's very hard and and even
00:43:30
still today it has some effect on certain uh things that I do people come they don't know me but they just say
00:43:37
well why do you want to do business with him for well my question is like do I owe you any money the answer is no they
00:43:42
I say well do you know me the answer is no then then they just go and openly criticize you online for no reason for
00:43:51
no reason they just criticize but I think you get used to that now because every industry in every people you will
00:43:58
receive 5% or 10% of the people that just criticize you for no reason yeah and when you become like Dom hary
00:44:06
there'll be certain people that criticize you too but it's just part of become prominent become
00:44:12
somebody yeah I need to remind myself like I I don't like everybody so I can't
00:44:16
expect everybody to like me um but there's um yeah there is have you heard the um the analogy about crabs in a
00:44:23
bucket yes yeah so y yeah I feel like there's um there's a lot of like like
00:44:29
crabs at the bottom of the buet in New Zealand in particular and that's uh I
00:44:33
would say seeing the world now and seeing how New Zealand treats people I mean the price only reports on bad price
00:44:40
they don't report on like good price you know like we can change people's life we
00:44:44
achieve this we achieve that but they love selling bad place and look if you go to America or other part of the
00:44:53
country people only can say Hey look it's okay you can recover keep going it
00:44:57
sewing the seed believe in yourself we're here for you you know that encouragement means everything but if
00:45:03
you receive so many criticism on social media and you can't handle it and and
00:45:08
that leads to suicidal alcoholic drugs and obviously there's many many stars
00:45:15
that has gone through that because they don't know how to handle that but for
00:45:19
some reason it doesn't get to me what were the um biggest lessons um you learned about yourself in that
00:45:25
period Well I was you got to get your structures right number one you can't trust 500 people you think you know 500
00:45:35
people can trust 500 no I think if you can put your finger up and count 10 people you can trust now I say five you
00:45:43
quite lucky so having the best lawyer best accountant and having the best advisor and Trust Le people reference
00:45:50
them check them out before you agree to certain things money can't just pass
00:45:55
over the counter just because you meet somebody for an hour and you think you can trust them with someone you can meet
00:46:00
for like a 100 hour so that was a lesson that I learned yeah so your circle just
00:46:05
got way way smaller way smaller yeah because I suppose when you're when you're bidding on $2 million race horses
00:46:11
in Cara you've got a very very big circle oh all Sundays Night 500 other people that want to know you and you
00:46:18
think everyone's the same but but you got to think again everyone just want a
00:46:22
piece of you yeah you what was um what what was harder like the first adversity you know being being a kid and
00:46:31
a refugee and you the boat and everything else the resettlement to New Zealand or or this this period oh the
00:46:38
second part was definitely a lot harder because you you mentally can understand things and you you become quite popular
00:46:47
and you had a lot of wealth and then to lose all of that overnight it's it's
00:46:54
crazy it's like how do you handle it you know so and then you lose all your control because all of a sudden your
00:47:00
email gets turned off your website gets turned off all your signs been removed it was crazy it was like I don't
00:47:08
know how someone can handle that but somehow I got through it it was a lot harder for sure yeah yeah yeah you well
00:47:16
not only did you handle it like um you know you you you rebuilt and you recovered what what were you driving at
00:47:21
that time just out of curiosity what was your $5,000 car I was driving a Holden oh I ever holding now I'm not even
00:47:29
bankrupt I'm just a podcaster holding Captiva um what advice would you give to
00:47:35
someone facing um like a big adversity in their own career I think I think it's really
00:47:42
important that you talk to someone with higher power and talk to someone who knows talk to someone who's been there
00:47:49
before I think hiding in the room can only become worse you need to communicate now when that happened to me
00:47:58
most most people will hide at home I decide still to treat my best clothes and take my wife out to the be
00:48:05
restaurant and face the public and you can hear people whisper about you but you got to have that strong ability to
00:48:14
face the reality so I was still doing exactly the same thing as I do but I make a lot of communication to a lot of
00:48:23
people that I help on the way up and look at the time that happened staff uh that they were they were worth only
00:48:30
5,000 when they come to me and now they were like 20 million worth and they said
00:48:34
here's a checkbook uh and I put it on my desk write what you want one guy come to me
00:48:40
here's my car I have nothing but you created me take my car so it was crazy I
00:48:45
said look no amount of money you give me will help me so keep your money I said no I don't need your car I got my family
00:48:50
too so having that ability to have that it's called you know that that program
00:48:57
hokan's hero you know a Chan without rank but he still control his troops that was I was like that I had no rank
00:49:04
but I still had control over my troops why I create the Loyalty so that part was a lot of support and I had loyalty
00:49:11
for my customer my friends my family so even everything taken away from me but I had a lot of help M was it was it
00:49:20
hard on your marriage at that time no it wasn't my wife she's amazing she she's in qu able for staying with me
00:49:28
cuz that's a true T of marage you know when I first metet her she was working
00:49:31
in my bakery I was paying her six bucks an hour so so no she she's thought by me
00:49:39
and uh I I find it having a supportive wife or partner stand by you uh yeah that that's incable Yeah
00:49:48
well yeah I'm um tiny bit younger than you I'm 51 and you realize um as you get
00:49:53
older no one no one gets to um age or stage in life without going through some adversity and um I I think um with every
00:50:02
adversity there's some some lessons that come along with it and um you know makes
00:50:05
you it gives you new appreciation for things like loyalty doesn't it 100% loyalty partner business and friendship
00:50:12
it's is really really important because if you don't have loyalty maybe your
00:50:18
business might not be as strong because you need loyal customers business to support you staff employees and
00:50:27
everybody lawyers accountant they they will support you if you create the Loyalty you know yeah so is this when um
00:50:35
you became part of Remax after that after the global financial crisis and you you reestablished yourself got
00:50:40
yourself back on your feet yeah um is this when remix came along no and I started Don Harry say for seven years or
00:50:48
so uh when I reach that uh when you when you went to that receivership part and bankruptcy part
00:50:55
you go and apply for for every fanchise no one wants to know you because they don't want your name to take their brain
00:51:02
so I had approval Believe It or Not by one of the major brand in the country so for three months they said yep we will
00:51:10
take you on let's go and train your staff for three months and then after 3 month they said we got Don House people
00:51:17
now we don't need him anymore let's decline him can you believe it this is
00:51:21
this is like crazy right so we we went and did all the training and then they declined my f they approv it 3 months
00:51:28
early they declined me they got 35 my agent and they got rid of me so quickly within two weeks I said
00:51:36
well we got no choice now but to start don't have real s up as a brain so we
00:51:41
did do that and then one Friday afternoon I call all my agent back to my new office and I had all the business
00:51:49
card printed their Flyers everything they need to start as a new agent I put on the box cover
00:51:56
everything in black cloth and I made the announcement I said guys today we become
00:52:00
donha real estate independent go and tell those people down the road thank you for hosting us and come back to me I
00:52:09
mean God can you imagine me making that statement like I'm a nobody I start a
00:52:15
new brand and I call all my troops back 34 out of 35 walk that afternoon come back to join my
00:52:21
company that's the power of loyalty yeah so from there we we start don't have real estate and we were doing
00:52:28
like 750 million s a year when we were with a brand before that we do 150 million a year and then Remax at the
00:52:36
time even decline us to become their franchise believe or not but after seven years we got so
00:52:43
successful remix Tred to get us Jo for three years we declined them but in the end uh they give me a book and they say
00:52:50
one Locker word makes a lousy fire a thousand Locker work makes a great fire what it mean is that when you on your
00:52:56
own uh brand you are that one loc of wood when you with a group of uh people or franchise or countries you become
00:53:04
that thousand local what you can exchange informations that was one thing that got me and then I was going to pay
00:53:11
my agent to travel the world to do a lock on certain countries for distribution of my product and then remx
00:53:19
it we can give you the world which is the H 15 countries around the world on that basis I join remix and 2018 it's a
00:53:28
franchisee then in 2020 I was so good that they offer me to buy the whole country so now no one can get rid of
00:53:38
me so so what does that mean exactly so you you you are you're the CEO of Remax
00:53:44
New Zealand yeah so I was a CEO and I appoint a new CEO now when I bought Remax in 20 2020 and talk about 12 they
00:53:52
only did 465 million a year on my first year I gr the company to 750 million the
00:53:59
second year 1.2 billion wow yeah and this was um smack bang in the middle of the pandemic as well and you no kidding
00:54:08
we settle on the shut lockdown and we had a choice to pulled out but I said now this is an opportunity for us to
00:54:16
make generation changes so we choose to settle on zoom and we had a toast on Zoom any people will say no no don't go
00:54:27
ahead with it but I choose to do that and then at the time a lot of people losing job business was shutting down so
00:54:33
when we do our Zoom seminar we had like 180 people turn up to zoom every time and my Bas record was I saw 50
00:54:42
properties in 3 hours through Zoom a million bucks and fees 3 hours joing the lockdown okay just go back to my 1994 I
00:54:53
did 440,000 in the whole year I did a million bu in 3 hours wow that was unheard of so that period was again
00:55:02
another perfect storm for us to grow our brain and our business and our sales everybody was at home they can't travel
00:55:08
so they all choose to buy properties and on that basis yeah we we make a lot of money wow do you know what your net
00:55:16
worth is now I would say now I probably recover what I lost you know but now these I said buying a
00:55:26
$50,000 house or buying a $6 million $10 million property because your your mindsets changed you don't go and buy a
00:55:34
uh $500,000 home anymore instead of building one house you build 15 or 20 house or 30 house so so your ability now
00:55:41
has multiply a lot so and and with our new Venture now with our our biggest achievement today is uh our manage fund
00:55:52
uh it's called space fund so the manage fund is it's very hard to get it took us a year
00:55:58
and a half to get to get approved by the FMA and it's a fund that can uh have say
00:56:03
a say the Oakland City Mission building right now is part of the fund is $27 million and that building is now move
00:56:11
into the fund and our job was to go and raise 27 million de free the property and offer the return to the investor at
00:56:18
5.5% and they get the equity gain so all of a sudden to be able to achieve a fund
00:56:26
and I think that will go above Remax because it'll be like a 1010 billion Fund in the next 10 to 15 years it will
00:56:33
have like so many highrise buildings you always wonder how does someone own a high-rise building don't you like you
00:56:39
you saw a high-rise building how do they buy it well they didn't buy with their
00:56:43
money they they have a contract to buy the building and then they go and raise the fund so that the fund manage the
00:56:49
building we now become one of the big boys that is my ultimate achievement today
00:56:57
wow are you proud of yourself I am but I believe that I'm only 25% of what I wanted to achieve
00:57:04
right now I I still believe that I'm nowhere near 50% so I I I have the ability to make things happen I think
00:57:11
it's because I choose to not sell in my local area but sell the whole country
00:57:16
from here to Queenstown and sell in Australia so I get to meet so many million years and billion years and they
00:57:23
have their success and failures too and I learned what's B works for them what
00:57:27
best works for this person and now if you come to me with something I can advise you why because I have that
00:57:33
Global Experience to tell you what work what don't work so on that basis knowledge is so so important now yeah
00:57:41
does does is is money still um a driver for you now a motivating factor or does it get to the point where where you've
00:57:48
got enough and you're comfortable and oh you never have enough people ask me
00:57:51
what's your religion I it money it what you do for spare time I it money it uh
00:57:56
what what else drive you is it more money at least you do you think do you think part of that is because um you
00:58:04
know you you grew up so poor you know there's a story in your book which we'll
00:58:09
get to in a second where you you talk about being a being a you know a kid under the age of 10 in Vietnam finding
00:58:16
these um dented um cans of tinted food and selling them for money so do do you think it's
00:58:23
um like a hangover from that in a way you just want money because you see money is well no because if somebody now
00:58:30
saying don't I pay you a million dollar to sell my property it's worth only $
00:58:33
800 but I want to sell for a million I know I can sell for a million because of my position but I choose not to take the
00:58:40
advantage of position of power so if it's only worth 800 I should be selling
00:58:45
for 780 or 750 because my client got a benefit so no matter how much money people pay me if they give me a wrong
00:58:52
product for their own G I'll turn it down but I guess I put it down to say Ronaldo right now or any professional
00:59:01
sports people they still play sport because they got a fan club that follows them I mean you look at bitney spray for
00:59:08
example you know she's still singing and touring she's wor billions but because
00:59:13
of the needs of the fan or the needs of the client you get a kick out of it because why you the only one that can
00:59:19
give them a solution so on today's market I I call myself an artist I don't
00:59:25
think that I'm a real sight agent anymore when say I can work work into this table clear everything off it you
00:59:31
give me a product I can draw I met for you what you need to do to get the results because of my
00:59:38
intellectual knowledge that I can give you the results then you get a kick out of it
00:59:45
because once you completed the S then you create the employment for H H some contractors and then when you drw past
00:59:53
the building and you see it finished and said wow look what I created and you get so much respect when you go on site
01:00:01
because all the contractor know that you're the one that create employment for them that part of it money can't
01:00:07
replace it's an incredible feeling yep you what do you look for when someone walks in the door at Remax um
01:00:16
looking for a break or a job okay so I I'll tell you a story recently that I I
01:00:22
went for work the other day and I work in a cafe and this guy come and greet me and he's Vietnamese and he said I always
01:00:30
wanted to meet you and he said I always wanted to become an agent but other people tell me that I'm too short and
01:00:36
I'm not good looking enough I can't be an agent what I couldn't believe it
01:00:40
what's hard got to do with it I know and then I said well the number one Remax
01:00:43
asent in the world he's in the wheelchair believe it or not and he is and I said you can become what you want
01:00:48
to become and then so I sat down had a cup of coffee and they come and talk to me and then and then when I woke up and
01:00:56
I pay for it and they said don't worry it's on my tab so number one was respect
01:01:01
and I said I'll drop you one of my book on my way to work so I went home shower
01:01:06
dropped the book to him I said are you free on Friday he said yes so I said come to my office I have a training
01:01:11
session you can join us and then he said then he text me back he said I'll come
01:01:16
and work for you for free if you teach me and I'll do the dishes make coffee
01:01:21
for everybody just tell me what to do so every Tuesday and Thursday he's in the
01:01:25
office now and he volunteer his time he's married he's got a daughter she's 14 months old now that guy will
01:01:32
have the recipe for Success cuz he's his hunger for teaching and if he show that
01:01:38
commitment we'll give the same commitment back and we a million Al and and out of nothing and that's what
01:01:44
builds loyalty and trust and creation so so we're looking for people who's got
01:01:50
the will power to learn but more important to demonstrate respect uh and they very UPF
01:01:57
front yeah now you mentioned your book um so yeah you've got a book out called
01:02:01
the art of exponential success and you were kind enough to give me a copy of it um can you expand on some of your
01:02:07
personal Phil philosophies first of all um Refugee mentality what's that well you know like you're always
01:02:15
Underdog and you always got to have that respect of people and you want to be successful but you can't cut corners
01:02:26
and you help people along the way and and there's always that disadvantage being a refugee you know like obviously
01:02:34
like if if everyone's from here they should have all the advantage above you
01:02:38
but they don't take that advantage and I just took that advantage that I want to
01:02:44
build myself I want to create a legacy for my children and I want to create a legacy for a lot of people that's
01:02:51
associate with me and I have created that now H what what about um no limits thinking what is
01:02:59
that there is no limit to what you want to achieve like if you achieve a million
01:03:04
bucks which is a lot of money but now a million dollars it's like a 90-day challenge now
01:03:11
you can do a million back I reckon 90 they challenging to $2 million or $3 million so but then again when I first
01:03:17
started to earn 100,000 it's very hard but once you know how there should be no
01:03:22
limit so I believe that once you know how you should just keep on scaling there should be no limit of what you
01:03:29
can't can't earn and um yeah another one of your personal Phil philosophies small
01:03:35
steps leading to Big results yes always small steps because if you want to become the best of the best and you want
01:03:43
to deal with the best well don't forget the best they always started from the
01:03:46
bottom so you got to do small increments to get to the top a classic example of that is um I got this B in there in
01:03:55
Australia who who came on messaging me and and wanting me to sell his product and I I
01:04:02
didn't know who he is so I request for a zoom meeting with him and then they did
01:04:07
had a zoom meeting and he's got a $3.5 billion project in the go co and he just
01:04:12
text me this morning hey I got a new project coming on 750 million thank you for helping my first project and if I
01:04:21
did not communicate with him and just work my way up I'm now his friend you know M so that's that's been an amazing
01:04:27
journey on that basis yeah that's awesome um and in your book you talk about the importance of creating a
01:04:33
disciplined life yep yep discipline is very very important I somehow I bought up without drinking smoking
01:04:42
partying I'm not that person and I think when you get into adversity you can
01:04:48
simply go and if you were drinking you probably drink 10 times more if you smoke you probably smoke time 10 times
01:04:55
more and and and and you become you do that every day it becomes a habit so that habit becomes
01:05:04
a losing habit and I qu it that's a demon in you know every one of us will have a demon in us a demon is like you
01:05:11
can't quit certain things that you can't quit on because it's addictive well I
01:05:16
don't have none of that in me so my discipline is uh a sleep in will be 9:00
01:05:22
in the morning and that will be like maybe once a month but every other day it's like I get up I go to work
01:05:30
constantly thinking research discipline it becomes a habit if you if you do it like 20 times in a row it becomes a
01:05:37
habit so my habit every day is to do what I do I see somebody who uh serve me well in the restaurant I would offer an
01:05:44
opportunity to work for me come for job interview uh it's just an instant habit
01:05:50
that you develop what what time are you up out of curiosity most mornings well I
01:05:56
could have about 7:00 a.m. in the morning cuz my son has to go to school and sometime I take turn taking him to
01:06:01
school my wife you know so but I sleep late I sleep most late at midnight or 1 in the morning I think an advantage for
01:06:07
you is um like work is your hobby eh it's your passion oh yes if you love your
01:06:13
work is not work yeah people say like oh Don you work so hard and then that guy didn't pay you and you do get that I say
01:06:21
no I didn't work hard they think I work hard I don't think I work hard what what
01:06:25
is hard work you you trace up you talk you think you plan are you're not person
01:06:31
hammering cutting concrete you know shoving dirt that's hard work so but when you when you love your
01:06:39
work it's not work I never ever think that I'm working for some reason I never
01:06:46
think I'm working cuz you love you love doing what you do yes and now my daughter she's working for a company she
01:06:51
said my work is not my work I love my work and I I love the company I work for and I love what I do so she says the
01:06:58
same thing to me but she's getting paid for her work but she still don't think
01:07:01
she's [Music] working um yeah another one of your pistol Phil philosophies in your book
01:07:07
boundless compassion what's that yeah compassion is really really important really uh being compassionate
01:07:14
to people understand the situation understand someone go a difficult times and understand how they feel and
01:07:23
don't ignore them just remember when you go to bathtime someone remember you and someone just can't help you
01:07:31
financially but what's able to pick the phone up talk to you send you some flowers uh that that little part of
01:07:41
gesture mean so much to that person at the time and even today like for example an opposition agent had a car accident
01:07:50
and I stopped and she was in a panic you know she didn't know what to do I got my
01:07:56
cell phone out make the call to her husband and today she still talks about it and I saw another opposition agent at
01:08:04
the airport and the C she was carrying this big giant SURFboard or something she couldn't check then I stopped help
01:08:11
her again she talks about it these little things means a lot of people but we take it for granted that no I'm too
01:08:19
busy don't talk to me you're wasting my time people remember that more and it makes you feel good as well
01:08:27
doing nice things for other people but are you able to have compassion for people that um you know when when things
01:08:32
got tough for you people that turned their back on you would you now be able to have compassion for them or
01:08:38
no well that's a good question uh I I do have people who's not loyal to me one or two that um I'm still learning
01:08:51
through that process we we don't we see each other we still say hello goodbye
01:08:56
but we don't get close but we never ignore each other on that basis and I think that person
01:09:03
knows because all the people that stay with me and along the way they all got far far better and that person is still
01:09:10
where he is so that's sort of like teach yourself a lesson you should have compassion at the
01:09:16
time so us to say forgive but don't forget correct yes yeah yeah for sure yeah um money aside what does success
01:09:24
mean to you you uh like yeah beyond the financial aspect of it what is Su how how would you define success success now
01:09:32
is to be able to create success within yourself and translate into people you associate with and you see their success
01:09:42
when you see their success in fact you you will probably have tears in your eyes when you see
01:09:47
someone that achieve amazing results and they get up there and they say because of Dawn I now achieve this achieve that
01:09:55
h it means far more than money because you a part of you in these people and you know I go people even now pray for
01:10:04
me in church for example because I spoke in in church and I help church family getting properties and to me that
01:10:13
Community needs more help than ever and if you can see let's just say 50% or 30%
01:10:19
of the church members on the house that's beyond success yeah y um and in terms of Legacy like what do you hope to
01:10:27
leave behind both in real estate and in your personal life well I'd like to write a few more books and um create
01:10:35
educational program so that people can continue learning for me and then create institution uh for investors and then my
01:10:43
children can continue with the legacy is um it's what I hope to achieve this has been a great chat today
01:10:51
you're super inspiring thank you why why do you want to do more books you just
01:10:55
feel like you've got a lot of listens to share well I I got a my next book should
01:11:00
be called the out listening because you know when you talk your wife she doesn't
01:11:05
listen to you or when you talk to your children don't listen to you or when you talk
01:11:11
yourself he listen to you and I think that out of listening I I got to say this s here D you're a great listener so
01:11:17
you give me a time to listen to me and you respond with an answer to become the greatest podcaster you got to be the
01:11:24
great listener but these days people don't listen anymore they only can listen to their own voice so I think the
01:11:31
ad not listening is going to be quite a good book absolutely well you know my um
01:11:36
my mom and dad used to say to me you've got two ears one mouth use them accordingly y yeah yeah oh know this has
01:11:43
been fun it's been really cool um yeah it's an a fascinating backstory um and I
01:11:50
think part of the Don House story that I like the most actually it was probably the worst part of your life the the dip
01:11:54
in the middle with the global financial crisis because um I think it's inspiring
01:11:58
to come back from something like that bigger than ever well every business successful business people walk off
01:12:03
through it especially you look at all the billionaire the millionair you ask them every time have you had adversity
01:12:08
they all say yeah a lot of times and no business has not experienced that but would they talk about it publicly would
01:12:16
it be reported publicly not all but you ask they will all share with you but you
01:12:22
cannot be successful without fail you learn from your failures to prevent it from happening again and you learn from
01:12:30
your mistake you learn to have better friend you learn to have better connections you learn to who to work for
01:12:36
who not to work for so all that lesson you cannot get there if you don't go through that difficult terms and I I
01:12:45
seen it all the time I read a lot I study a lot and everyone go through it well yeah I mean failure is a stepping
01:12:51
stone to success isn't it absolutely but I appreciate you sharing because it's
01:12:55
you know no no one no one really wants to talk about their flaws or their or their low points in life because it's
01:13:01
hard isn't it it's hard to talk about but I think it's important well if you
01:13:05
hide it it's probably not a good thing cuz it's when I'm at my event and
01:13:09
seminar I probably talk about it because the audience okay and instead losing 5 million they might lose 500,000 or
01:13:19
50,000 it's the same thing how they feel and how you feel it's a same feeling
01:13:25
because to them it's a lot at the time to you it's the same but every one of us
01:13:30
got different values and different tolerance at the time so when you can talk about it and some people even come
01:13:37
up and give me hack and quiet you know because I share my story that's it's
01:13:41
amazing there it's powerful yeah yeah so well this has been great I'm going to um
01:13:47
get in my car now and listen to the Em andm song I'm Not Afraid I I haven't
01:13:51
heard that song in years um yeah how does it go I'm Not Afraid yeah I'm not
01:13:56
afraid to take a stand but I got a new song now I got a I I replace it song with uh this is the moment you know this
01:14:04
is the moment what's that song oh you got to look it up it's amazing Lally
01:14:08
this is the moment when all all my ducks in the row and you know all the path is
01:14:13
gone away and who sings that it's actually a opera singer I don't know who
01:14:18
sings it but that song if you do get to where you are you should read and listen
01:14:22
to it CU all the words in that you can let all your past go and you can only say this is the moment so this is
01:14:30
the moment being on the Dom hary show so when when when is that do you listen to
01:14:35
it in the car on the the way to work is it something you do every day sometime I
01:14:39
use it it's my theme song I want to get on stage right and sometime I use it at
01:14:42
my um my Awards because when you have your award your company achieving you achieving you play that for your your
01:14:51
whole audience to listen to it and everyone in the audience will have their own moment at the time this is my moment
01:14:57
you know very emotional I'm going to check that out yeah hey donha thank you so much for
01:15:03
being a guest on my podcast thank you very much for uh inviting me on the podcast and I got to say I I I had
01:15:09
invites from America Canada and many other podcasters but uh I got to say this is my first ever podcast done so
01:15:18
congratulations also well I appreciate it thank you for

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  • 75
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Episode Highlights

  • Refugee Experience
    The guest discusses their challenging journey as a refugee and the impact of bankruptcy.
    “I was declared bankrupt and it was very public, quite humiliating.”
    @ 01m 37s
    February 23, 2025
  • Family Resilience
    The guest reflects on their father's determination to provide for the family after leaving Vietnam.
    “I think at the time my father secretly was already building his boat to leave Vietnam.”
    @ 08m 45s
    February 23, 2025
  • From Bakery to Real Estate
    He sold his bakery for 60,000 to pursue a career in real estate, aiming for freedom.
    “If I sell six houses a year, I can take the whole year off.”
    @ 21m 40s
    February 23, 2025
  • The Power of Hard Work
    He sold 86 properties in his first year, earning 53,000 in one month.
    “In my first year, no kidding, I sold 86 properties without any experience.”
    @ 22m 35s
    February 23, 2025
  • Overcoming Bankruptcy
    After facing bankruptcy, he rebuilt his career and regained his credibility.
    “I can do it again; I call it the perfect storm.”
    @ 39m 55s
    February 23, 2025
  • Mental Health and Music
    During tough times, music became a source of strength and motivation.
    “I play the song 'I’m Not Afraid' every day to keep me going.”
    @ 42m 26s
    February 23, 2025
  • The Power of Loyalty
    Loyalty in business is crucial for success and stability.
    “Loyalty is really important because if you don’t have loyalty, your business might not be as strong.”
    @ 50m 15s
    February 23, 2025
  • From Bankruptcy to Success
    After facing bankruptcy, he rebuilt his business to unprecedented heights.
    “We were doing like 750 million a year when we were with a brand before that.”
    @ 52m 26s
    February 23, 2025
  • Creating Employment
    The fulfillment of creating jobs is more rewarding than money.
    “Money can’t replace the incredible feeling of creating employment for others.”
    @ 01h 00m 07s
    February 23, 2025
  • The Art of Exponential Success
    Exploring the principles of success and commitment in teaching and learning.
    “He'll come and work for you for free if you teach me.”
    @ 01h 01m 16s
    February 23, 2025
  • Boundless Compassion
    Highlighting the importance of compassion in personal and professional relationships.
    “These little things mean a lot to people.”
    @ 01h 08m 19s
    February 23, 2025
  • Legacy and Education
    Aiming to create educational programs and institutions for future generations.
    “I’d like to write a few more books and create educational programs.”
    @ 01h 10m 32s
    February 23, 2025

Episode Quotes

  • When you first come here as a refugee, you don’t know anything.
    From Refugee to Multimillionaire: Don Ha on Real Estate Business & Overcoming Bankruptcy
  • I sold it for 60,000 just to get out of the bakery.
    From Refugee to Multimillionaire: Don Ha on Real Estate Business & Overcoming Bankruptcy
  • Being dumb is actually sometimes good.
    From Refugee to Multimillionaire: Don Ha on Real Estate Business & Overcoming Bankruptcy
  • It was a very public Fall From Grace.
    From Refugee to Multimillionaire: Don Ha on Real Estate Business & Overcoming Bankruptcy
  • I believe that I’m only 25% of what I wanted to achieve.
    From Refugee to Multimillionaire: Don Ha on Real Estate Business & Overcoming Bankruptcy
  • Success is to create success within yourself.
    From Refugee to Multimillionaire: Don Ha on Real Estate Business & Overcoming Bankruptcy

Key Moments

  • Bankruptcy Struggles01:37
  • Father's Journey08:45
  • First Year Success22:35
  • Bankruptcy Experience34:50
  • Public Fall From Grace43:12
  • Compassion in Action1:07:12
  • Success Redefined1:09:24
  • First Podcast Experience1:15:14

Tension Over Time

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