Is this a bad idea? Does calling a generic private constructor within a public constructor create multiple instances, or is this a valid way of initializing class variables?

Private Class MyClass
    Dim _msg As String

    Sub New(ByVal name As String)
        Me.New()
        'Do stuff
    End Sub

    Sub New(ByVal name As String, ByVal age As Integer)
        Me.New()
        'Do stuff
    End Sub

    Private Sub New() 'Initializer constructor
        Me._msg = "Hello StackOverflow"
        'Initialize other variables
    End Sub
End Class