Episode 175 - From Refugee To Financial Freedom - Terry Tran’s Story

At just two years old, Terry Tran fled Vietnam by boat with his parents, was rescued after days lost at sea, and spent months on a Malaysian refugee island. It was there, on Christmas Eve, that a storm claimed his father’s life, leaving his 21-year-old mother widowed with a toddler to raise. 
 
From those humble beginnings, Terry has built a life of financial freedom, not through shortcuts but through patience, persistence and following a clear process. Along the way, he was also shaped by the kindness of others, a reminder that generosity can change lives. 
 
In this conversation, Terry shares how he started from almost nothing, the mistakes he made chasing quick wins, and the principles he now follows to protect and grow wealth. He talks about the role of risk management and how the mindset farmers use to work through seasons is the same mindset needed to succeed as an investor. 
 
We also explore Terry’s view on the global share markets. He explains why US-China tensions and trade tariffs have left markets sitting at unsustainable highs, why Australia may face deflation rather than inflation, and why he is holding larger cash positions to stay prepared. Most importantly, he reminds us that downturns, while uncomfortable, are often when the best opportunities appear. 
 
Specifically, we explore: 

• Why managing risk and protecting your capital must always come first 

• How to avoid “get-rich-quick” traps and instead build wealth through discipline and compounding 

• How global tensions and tariffs are shaping markets, and why Australia may face deflation 

• Why downturns like the GFC and COVID-19 can be the best times to invest if you’re prepared  

 
For farmers, this is both a story and a lesson. The same qualities that get you through tough seasons on-farm can also build lasting wealth off farm. 
 
And there’s more. Terry is running an exclusive webinar for the Farm Owners Academy Community on Tuesday evening, 23rd September. This is your chance to go deeper, learn directly from him, and build the skills to invest safely and confidently. 
 
Click the link to register your interest
 
Thank you, Terry, for sharing your journey and wisdom with such openness. Your generosity and guidance continue to inspire and support our FOA community. 
 
Keep winning, 
Jeremy Hutchings & the Farm Owners Academy Team