Before the Tipping Point AI & Sustainability
Jul 10, 2026 · 32 min · 11 segments
In this episode of *Before the Tipping Point*, we sit down with Fong Chua, a business strategist, real estate expert, three-time best-selling author, and international speaker. Fong shares his…
Fong ChuaGuestLourdesHostI love that.
I love that you're able to make, I guess I call it the chicken soup model, wherein you have different topics.
But what stood out for me when you were sharing that story was, for those of you who are a global audience, RRSP meant Registered Retirement Savings Plan.
401k in the United States.
So you basically put money into an account and then it defers the taxes.
So maybe you can explain for those How is that sometimes detrimental when you think you're saving money, but it's actually not for sustainable growth because it's so volatile and vulnerable? So maybe you can expand on that.
It's funny that you use the word volatile because we've been told that it's the least volatile type of investment that you can do.
And then it was kind of taught to me by somebody by saying, do you think that, first of all, the government has an issue.
Do you think that's probably the best way of investing? And do you not think that the government's going to take their share from it? Sure, you get to defer your taxes, but they know that eventually in the long run, what you put in is going to, what you get out is going to be more than that.
So then for my case, like I was alluding to before, unfortunately, I hit a spot where when I needed it, what I put in was more than what I actually got out.
I had other friends and family members who was recommending putting money into our ESPs, which is for educational purposes, right? But one of my friends whose parents did that for them it didn't pan out for them because he never did post-secondary.
He decided to go on and do his own entrepreneurship, open his own business, which you can't use that money for, which means all that money they put in there did not serve the purpose that they planned to.
And when you don't know how your kids are going to grow up and you don't know what their path is, sometimes putting money into something like that with so much restrictions just doesn't make sense.
So then from that point forward, I'm like, okay, I'm going to stay away from RSPs and kind of be in control with my own money.
Where am I going to invest this, which I can, A, potentially get more returns than an RSP, and B, understand how that investment works so that I can have more say to it.
I love that.
I love that you're able to make, I guess I call it the chicken soup model, wherein you have different topics.
But what stood out for me when you were sharing that story was, for those of you who are a global audience, RRSP meant Registered Retirement Savings Plan.
401k in the United States.
So you basically put money into an account and then it defers the taxes.
So maybe you can explain for those How is that sometimes detrimental when you think you're saving money, but it's actually not for sustainable growth because it's so volatile and vulnerable? So maybe you can expand on that.
It's funny that you use the word volatile because we've been told that it's the least volatile type of investment that you can do.
And then it was kind of taught to me by somebody by saying, do you think that, first of all, the government has an issue.
Do you think that's probably the best way of investing? And do you not think that the government's going to take their share from it? Sure, you get to defer your taxes, but they know that eventually in the long run, what you put in is going to, what you get out is going to be more than that.
So then for my case, like I was alluding to before, unfortunately, I hit a spot where when I needed it, what I put in was more than what I actually got out.
I had other friends and family members who was recommending putting money into our ESPs, which is for educational purposes, right? But one of my friends whose parents did that for them it didn't pan out for them because he never did post-secondary.
He decided to go on and do his own entrepreneurship, open his own business, which you can't use that money for, which means all that money they put in there did not serve the purpose that they planned to.
And when you don't know how your kids are going to grow up and you don't know what their path is, sometimes putting money into something like that with so much restrictions just doesn't make sense.
So then from that point forward, I'm like, okay, I'm going to stay away from RSPs and kind of be in control with my own money.
Where am I going to invest this, which I can, A, potentially get more returns than an RSP, and B, understand how that investment works so that I can have more say to it.
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