18: Laila was separated by war & nearly died, but became a multimillionaire as a wealth manager

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Immigrant entrepreneur:	Laila Pence
Company:	Pence Wealth Management
Place of birth:	Egypt
Employees:	28
Age started business:	22

Show notes

Laila was born in Egypt and had a great upbringing, but when war broke out when she was 9 years old she nearly died. She escaped a bomb that landed in her room shortly after escaping with her family. After that, her life completely changed forever. Laila had to be separated from her family and live with her grandmother for a period of time, go to a French school and that was the worst year of her life.

Her dad finally filed papers to move to the States but a month before the departure, he broke his leg and wasn’t able to go. Laila and her mom moved to New York with and lived with a family, renting a one bedroom.

They had extremely humble beginnings, she was selling hot dogs at the Staten Island after school as well as her mom. She would’ve never imagined being where she’s at right now; wealthy, a multimillionaire, all because she opened up her own wealth management firm at the age of 22.

Her journey to success is quite astonishing. She’s been featured in lots of lists in Forbes and Barron’s and dominates the wealth management market.

Quotes by Laila

I’m living the American dream, and if I can do it, anyone can do it too.
I had to work twice as hard than most people to get to this place.
There is unlimited opportunity in this country.
I do believe in order to make money, you need to spend money.
You have to invest in yourself and in your business.
No success can ever happen by yourself, it’s who you surround yourself with.
You have to work extra hard to succeed if you really want to get to the next level.
The key to success is to have a mentor, so that you can see there’s a path.
You do have to invest in yourself to grow.
You have to go through failures, but it’s important to surround yourself with positive people.
Your mind is the most important thing in succeeding.
You do have a lot of struggles in the beginning, but once you overcome them, you can achieve the American dream.
You cannot succeed without overcoming failures.
Pick up your failures and get back up.
Look for people in your community to help you out.
If you do things for the money, you won’t succeed.
Find whatever business you get in, but it needs to be something that you have a passion for.