Welcome to my growing collection of knowledge. eCommerce, marketing, code, design, medicine.
My name is Dr David Liu. And yep – this blog is legitimately about all of the topics above, as disparate as they are. I’m starting this blog at the end of being a 25 year old. But let me give you an abbreviated life story.
At the age of about 6 or 7 years old, my parents made me play this board game made by the author of Rich Dad Poor Dad, Robert Kiyosaki. The board game was called ‘Cashflow for Kids’ – and it was kind of like monopoly, but with two tracks. The inside track was a small circle that everyone started in called the Rat Race. The outside track was way bigger and you could do things like travel in yachts and go skiing, but you couldn’t get there until you exited the rat race.
The only way to win the game was to make enough income machines to generate green tokens (passive income), and – if you had more passive income than red tokens (expenses) – you would be able to leave the Rat Race. Notably, salary (blue tokens) didn’t matter to the game except that it would help you generate more green tokens.
In short, the concept is this: when passive income > expenses,you win the game.
This concept was easily learnt as a kid. It stayed in my mind for many years. When I finally grew up and became an adult, the thought had leapt out from hibernation, becoming something that actually became important.
I got into a medical degree – working myself to the bone to get in, and then working myself to the bone to do okay in it. And you know, sometimes it’s hard, sometimes it’s fun, and it feels meaningful to help people. Life isn’t all about money, after all.
Though, that said, it is an important part of it – and lack of finances essentially meant lack of freedom of choice. In the 2nd year of my study, I stumbled upon a curious book by Chad Mureta called App Empire – which was essentially a book about app entrepreneurship and how people were making heaps of money from mobile app stores. It ignited the charcoal that was left from years of thinking about the Cashflow for Kids game, and so I started my journey of attempting to make passive income during medical school, by making apps.
But damn! The reality of making money turned out to be way harder!
I ended up learning a ton. From learning tidbits of how to code (never having coded before), to hiring people for the first time, to spending $1,300 on developing the app with the little part time money I had, and then subsequently not really getting much return on investment back…it was the start of a long journey.
Since then, I made a few more apps, learnt how to code a bit, made a whole bunch of websites, and started a whole bunch of attempts at businesses. It took many years of trying and failing, but each year was undoubtedly more successful than the last. I ended up becoming a bit better day by day at medicine, too.
And now I’m at a point where I’d like to share my thoughts with you, because maybe they might be useful to you. By collecting my thoughts here, I hope that I can help you along your journey a bit, whether that’s a medical or business one, by collating useful principles together as well as detailed strategies for doing different things.
Many ‘gurus’ on the internet are selling dreams, usually for profit. Some are legitimate, but there’s a lot of rubbish and nonsense. I’ve ended up finding that reading a lot of other people’s advice is an okay way to attain knowledge (once you learn how to filter out what’s good and bad), but the best way to attain knowledge is through direct experience and experimentation – along with some guidance.
So I hope to share with you what I’ve learnt, and use this website as a way to keep a record of everything so it’s not just lost into the ether if I was, for example, to have a stroke or something. I’m not really trying to be dramatic when I say that I’ve seen my fair share of people dying, being a doctor. But you do become significantly more aware of your own mortality. It’s so easy to just give up everything you’ve learnt over the course of your life in a single instant. Recording my thoughts publicly via this site at least gives some assurance that all the study I’ve done wasn’t for waste, since it could help others.
Anyway, that’s enough about me – thanks for listening! What you’ll find on this site is my own personal collection of thoughts, experience, and reflections on eCommerce, medicine, and technology. I hope you can create something awesome and – if just a single thing you’ve learnt here improves your quality of life even a tiny bit – then it seems like it would be a worthwhile endeavour.
Dr David Liu
Written on a pleasant Sunday 21st April at 1:07am in the morning.