He's 27 and Runs His Family's 7 Companies

**Daniel Berk** (0:00)
Mohammed Moahid is 27 years old. He started his first company at 18 while he was still in school, scaled it to 200 employees and 100,000 people through his events in a single year, and sold it at 21 for low seven figures, to his own co-founder, because he'd already spotted his next business idea. He was doing all that while holding down a private equity job his dad made him take. Today, he sits over seven operating companies with his family business.
They do line painting, real estate development across Canada, consumer electronics, e-SIMs in 125 countries. And the week before we recorded this episode, they bought a supplement business for $3 million.
He runs the family's money. He spends about $50,000 a month covering all of them. His parents, his brother, his sister, and he keeps almost nothing in cash. We start this episode with how the money was actually made. His great grandfather built it in Pakistan, and his dad rebuilt the whole thing from a sales job after moving to Canada. Then we go line by line through how he runs it now, what he spends, what he keeps liquid, and why he's pulling money out of the business that made his family's name. I met Muhammad through the Hampton community. We're both in, which is for founders and operators who are doing $25 million in revenue on average. I can't overstate how much serendipity comes from being in a community like Hampton. It's awesome, and I think you should check it out. If you're interested, just go to joinhampton.com to learn more. Now, let's get right into it. This is Moneywise, I'm Daniel Berk, your host. Here's Muhammad. Muhammad, thank you so much for joining Moneywise today. How are you doing?

**Mo Moahid** (1:33)
Dude, it's a pleasure to be here. Daniel, thank you so much for having me.

**Daniel Berk** (1:36)
I'm really excited to learn a little bit about who you are, what brings you to Moneywise, some of your background. Tell me how you grew up around money and what really led to building successful businesses and becoming wealthy.

**Mo Moahid** (1:49)
I'm going to cut right to the jump here. So long story short, great-grandfather did very, very well from the business perspective. My mom grew up one of the most successful families in the country of Pakistan.
Grandfather was part of the first delegation that went out to Japan. And this is kind of like early 1990s. And since then, you know, the family kind of went on the other side of the thing. Instead of it going up, it went down.
My dad re-picked up that spark and really pushed it forward. So, you know, for me, growing up, I always had both worlds that I saw. And so, you know, my dad really put in a ton of hard work. And he was kind of the first entrepreneur that I had as a leader, a role model that I looked up to. And much of my success today, I can credit to him.

**Daniel Berk** (2:44)
I love that. And when you started building businesses, did you originally start building those in Pakistan? Or where did you grow up? And when did you start becoming an entrepreneur yourself?

**Mo Moahid** (2:54)
That was great. So I grew up in Pakistan until I was around 11 I went to a great school there and then moved to Canada because my dad saw more opportunity here, and he loved the environment here to grow. And so he moved over here, and he kind of had that immigrant dream that everyone kind of has. And he started off in a sales job. He came here in a job capacity, and then within the first two, three years, he saw things take the other, like a nosedive where his company was about to get acquired. He didn't know whether he was going to have employment or not. And so that is what pushed him to then start his own company.
And then the rest is history. Since then, he scaled up quite a lot, continued to add different verticals of the business, continued to expand. And I was fortunate enough to see that whole journey throughout. And then also on my own end, I was always separate from that piece of the action. Like my dad was obviously building on his side. And again, when I was in high school, I saw him facing those challenges to scale all those things. And so I actually started my first business around then. And then since then, it's been multiple ups and downs in that entrepreneurial journey.
But today, I am here and building something new. So super exciting times.

**Daniel Berk** (4:13)