Why Hard Work Isn’t Enough to Build Wealth: How to Build Social Capital, Network Strategically & Create More Opportunities

[Wealth on Your Terms Podcast with Tobi Adekeye]In this episode, I sat down with Rachel Wong, co-founder of Monday Girl, one of the largest career-networking platforms for women in North America, and a former 8-year Uber employee who helped launch Uber Eats from the ground up and climbed the ranks to manage teams of up to 30 people.We talk about the overlooked asset class that matters just as much as money when it comes to building wealth, how to network effectively without it feeling transactional, the $80K loss Monday Girl took expanding into the US market, why she turned down raising VC money, how she bootstrapped a business for nine years while working full-time, how to climb the corporate ladder and get promoted, what it actually costs to run a community-based or events business, and how to know when to cut a revenue stream that isn't working.🎙️ About Wealth on Your TermsWealth on Your Terms is about building wealth, freedom, and impact — in ways that actually work for your life. Through unfiltered conversations with builders, unconventional thinkers and investors, we break down the real playbooks behind modern wealth building and freedom living. Hosted by Tobi Adekeye.📧 For partnerships and business inquiries: tobimgt@gmail.com📲 Follow us on Instagram: https://www.instagram.com/wealthonyourtermshub/Subscribe & tap the 🔔 so you don't miss the next episode.To allow us post more episodes,Hit the like button to support this podcast andWrite a review and Rate us 5-stars on Spotify and Apple Podcasts🔗 Listen on Your Favourite Platform- Spotify: https://open.spotify.com/show/1XfWOhFXOVgqurc3ubL6Ed?si=120a11990ec140c9- Apple Podcasts: https://podcasts.apple.com/ca/podcast/wealth-on-your-terms/id1826415199- Watch more episodes: https://www.youtube.com/playlist?list=PLiXreb5FVE9xxyOQ119CArRdWpRJf31vw🏡For real estate inquires,I'm Tobi Adekeye. I'm a licensed realtor under On The Block Realty, Brokerage – Vaughan, OntarioConnect with me: https://forms.gle/pKZkRfnnGqvKsPks6Follow my real estate page: @tobi.realestate✨ Connect with me, Tobi:📷 Instagram: https://www.instagram.com/tobi.adekeye/🎥 Tiktok: https://www.tiktok.com/@tobiadekeye_?lang=en👩🏾‍💻 LinkedIn: https://www.linkedin.com/in/tobiadekeye/🗞️ Newsletter: https://tobiderin.substack.com📲 Connect With Rachel Wong- Instagram: https://www.instagram.com/_rachelwong/- LinkedIn: https://ca.linkedin.com/in/rachelwongto-------------------------📌 Timestamps00:00 – The Chinese Proverb Her Parents Taught Her After Losing Everything4:40 – She Got Fired From Her Job9:29 – The Equity Play 9-to-5 Employees Can Use to Build Wealth13:57 – The Asset That Builds More Wealth Than Money — And How to Build It20:43 – How She Actually Built a Million Dollar Business From Scratch21:07 – Losing $80,000 Taught Her This About Business35:54 – Why Chasing Multiple Income Streams Can Actually Hurt You44:01 – How She Leveraged Her 9-to-5 to Build a Million Dollar Business47:14 – Why Turning Down Investors Was the Smarter Move56:06 – The Promotion Advice Your Manager Hopes You Never Learn (From Someone Who Climbed the Corporate Ladder Herself and Became a Manager)⚠️ DisclaimerThis content is for education and entertainment only and is not financial or business advice. Do your own research and consider speaking with a licensed professional.