Podcast appearances and mentions of todd tresidder

Dans ce 93e épisode, je fais la synthèse du livre « The Leverage Equation » de Todd Tresidder publié en 2018 à partir de cinq éléments clés à retenir : 1. Un levier pour ne pas trop suer! 2. Six types de levier 3. Favoriser l'immobilier et l'entreprenariat 4. L'espérance mathématique 5. Le mythe de la retraite   Abonne-toi pour soutenir mon travail et obtenir un épisode supplémentaire chaque mois : https://podcasters.spotify.com/pod/show/financesfondamentales/subscribe   Je t'invite aussi à suivre la page Facebook « Finances Fondamentales - éducation et investissement » pour avoir accès à l'image synthèse de l'épisode et pour me poser tes questions. Page Facebook : ⁠⁠⁠⁠https://www.facebook.com/profile.php?id=100088196588852⁠⁠⁠⁠   Page instagram du podcast : https://www.instagram.com/finances.fondamentales/?hl=fr   L'infolettre qui donne l'essentiel des nouvelles en 5 minutes: https://infobref.com/ff   Gmail: ⁠⁠⁠⁠Financesfondamentales@gmail.com⁠⁠⁠⁠   Clause de non-responsabilité Investir comporte des risques de perte. Ce podcast est uniquement à des fins d'information et ne doit pas être considéré comme un conseil en investissement personnalisé ou être utilisé pour prendre des décisions d'investissement. L'animateur du podcast peut détenir des positions dans les titres discutés. L'animateur du podcast reçoit des paiements de diverses entités pour des publicités. L'inclusion de telles publicités ne constitue ni n'implique une approbation, un parrainage ou une recommandation de ceux-ci, ou toute affiliation avec ceux-ci. Les investissements dans des titres comportent des risques de perte. Toute mention d'un titre particulier et des données de performance associées ne constitue pas une recommandation d'acheter ou de vendre ce titre. Les informations fournies sur le podcast ne sont pas destinées à un investisseur ou à une catégorie d'investisseurs spécifiques et sont fournies uniquement à titre d'information générale. Évidemment, rien sur ce podcast ne doit être considéré comme un conseil financier personnalisé ou une sollicitation d'achat ou de vente de titres. Pour tout conseil spécifique, veuillez consulter un professionnel. L'animateur du podcast ne peut être tenu responsable de vos décisions financières.

Pretty much everyone has a retirement plan, but those plans aren't always robust enough to see you through to the finish line of life. And part of that is a direct consequence of incorrectly applying data science principles to financial modelling.In this episode, Todd Tresidder joins Dr Genevieve Hayes to discuss the risks and limitations of using data science when planning for retirement.Guest BioTodd Tresidder is a former hedge fund manager who “retired” at age 35 to become a financial consumer advocate and money coach. He now runs the popular retirement planning website FinancialMentor.com and is the author of a range of books on retirement planning and investments including How Much Money Do I Need to Retire? and The Leverage Equation.Talking PointsWhat are some of the limitations of traditional financial modelling?Examples of what can happen when traditional financial modelling goes very wrong.How to do financial modelling the right way.The Engineer's Fallacy or why you shouldn't apply pure data science to financial planning.The implications of this for fields outside of the financial services industry.LinksTodd's WebsiteConnect with Genevieve on LinkedInBe among the first to hear about the release of each new podcast episode by signing up HERE

Genevieve Hayes Consulting Episode 25: The Risks of Applying Data Science to Financial Modelling Pretty much everyone has a retirement plan, but those plans aren't always robust enough to see you through to the finish line of life. And part of that is a direct consequence of incorrectly applying data science principles to financial modelling.In this episode, Todd Tresidder joins Dr Genevieve Hayes to discuss the risks and limitations of using data science when planning for retirement. Guest Bio Todd Tresidder is a former hedge fund manager who “retired” at age 35 to become a financial consumer advocate and money coach. He now runs the popular retirement planning website FinancialMentor.com and is the author of a range of books on retirement planning and investments including How Much Money Do I Need to Retire? and The Leverage Equation. Talking Points What are some of the limitations of traditional financial modelling?Examples of what can happen when traditional financial modelling goes very wrong.How to do financial modelling the right way.The Engineer’s Fallacy or why you shouldn’t apply pure data science to financial planning.The implications of this for fields outside of the financial services industry. Links Todd’s Website Connect with Genevieve on LinkedInBe among the first to hear about the release of each new podcast episode by signing up HERE The post Episode 25: The Risks of Applying Data Science to Financial Modelling first appeared on Genevieve Hayes Consulting and is written by Dr Genevieve Hayes.

Epochal Change in the Financial Markets   Are you wondering why it feels like your money is losing value despite assets like stocks being near all-time highs?   Financial expert Todd Tresidder and Rocky Lalvani reveal we've entered a new economic epoch characterized by high inflation, rising interest rates, and more volatility. Takeaway: We are facing a new economic reality and the rules of the past no longer apply. Understanding the new rules and having a plan to navigate them will help you to continue to build your wealth. Bio:  Todd Tresidder graduated from the University of California at Davis with a B.A. in economics and a passion for creating successful businesses. A serial entrepreneur since childhood, Todd went on to build his own wealth as a hedge fund investment manager before "retiring" at 35 to teach others. Today, he provides advanced investment and retirement planning education at FinancialMentor.Com showing you what works, what doesn't, and why based on a depth of proven experience.   Highlights from this episode:  We are entering a new "economic epoch" characterized by high inflation after a long period of low inflation. Interest rates are also now in an upward trend after declining for decades. The government response to COVID with massive fiscal stimulus was a key trigger that helped kick off these changes. This led to inflation coming back in a structural way. In this new environment, conventional investing strategies like passive index funds are likely to struggle and have poor real returns for 10-15 years. Tactical asset allocation is better suited for this period. Financial repression by the government is likely, meaning inflation will outpace asset returns but it will be gradual enough that most people don't fully realize it. Various risks like duration risk and liquidity risk are emerging that can turn into solvency crises. More volatility and turning points are expected as the economy goes through this transitionary period over the next decade plus. Understanding these dynamics is key so individuals can adapt their investment strategy and spending to preserve wealth through this economic shift. Being prepared ahead of time is critical. https://www.financialmentor.com/invest Previous episodes with Todd: http://richersoul.com/ep-0020-richer-soul-creating-an-investment-process-with-todd-tresidder/ https://richersoul.com/ep-107-using-leverage-to-increase-wealth-and-decrease-risk-with-todd-tresidder/   Richer Soul Life Beyond Money. You got rich, now what? Let's talk about your journey to more a purposeful, intentional, amazing life. Where are you going to go and how are you going to get there? Let's figure that out together. At the core is the financial well being to be able to do what you want, when you want, how you want. It's about personal freedom! Thanks for listening! Show Sponsor: http://profitcomesfirst.com/ Schedule your free no obligation call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes If you like the show please leave a review on iTunes: http://bit.do/richersoul https://www.facebook.com/richersoul http://richersoul.com/ rocky@richersoul.com Some music provided by Junan from Junan Podcast Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

Reseller Hangout Podcast - Nick LoperDownload your digital copy of The Progress Journal here: https://nickloper.lpages.co/progress-journal-reseller-summit-bonus/Check out more flipping resources at https://fleamarketflipper.com/Rob: All right, guys. Welcome. We are so honored to have Nick Loper here with us today to give some awesome advice and nuggets in this realm of side hustling, side hustles. Nick has been doing this for over eight years. He's been interviewing all different types of individuals who have side hustles, and has done over 400 interviews.So he's got some great wisdom, some great knowledge on information that [00:01:00] he can, he can bring to all of us in the realm of side hustles and on the flipping aspect of it. So, Nick, thank you so much for jumping in here with us. We're so excited to have you today. Nick: You bet. I mean, you were one of the early guests, I want to say 2014 or something. It was pretty early days for the show. Rob: Yeah, that's what I was going to say. That Nick was actually our first Flea Market Flipper, he was our first podcast interview. And I still remember talking to Nick on the phone before the podcast and not knowing what I was doing, but he pulled me on and it was awesome.Had a great time with him back in the day. Nick: I love it. That's what brings me the most joy is like trying to like scoop these up and coming stories, of people like yourself who just have cool creative, interesting businesses. And, well, how does that work? You know, just play in playing the curious host and seeing where that takes us.Rob: That is awesome. And we're so thankful that you do do that because you give us so much great information and insight in all different side hustles. So, but today we are actually going to focus on, some key aspects of our side hustle, how [00:02:00] we can get more out of flipping and more definite about if you have a full-time job, how do you, how do you balance it?How do you balance that time that you're spending on the side hustle? And how do you, how do you keep your full-time job and without going crazy and throwing kids into the mix of it? So, yeah, let's go ahead and jump into it. We'll go ahead and ask Nick some questions and, get some, some great feedback from him, for sure.Melissa: Yeah, first, before we started, we wanted to ask you, Nick, what got you started in exploring sides hustles? Nick: I mean in the very early days, I was the person who just knew they didn't want to climb the corporate ladder. It's like, there's gotta be, there's gotta be a different way. There's gotta be a way out. My original side business was a comparison shopping site for footwear.So I've been playing mostly in the online space. You know, for, for my entrepreneurial journey, but prior to that I painted houses. I was the kid like trying to sell candy to my fellow, Boy Scouts at summer camp, that kind of thing. But the house painting gig [00:03:00] definitely like solidified like, oh, you're, you know, it's a lot more fun to kind of like be in control of your own destiny in, in some way, more stressful, but more rewarding as well.So I started the shoe business while I was working corporate. It was three years of nights and weekends before I felt comfortable. Yeah. Giving my notice at work, turning the keys to the company car and said, all right, I'm going to make you go with this. I kind of thought like that could be my thing.Like, I'll just be the guy who sells shoes on the internet. Like a lot of businesses, they had a finite lifespan, and I'm really fortunate and grateful to have started a bunch of other side projects while the shoe business was running, most of which for full disclosure, you know, died a quiet death in some corner of the internet, but a couple of stuck around.And one of those was, the sidehustlenation.com blog and the Side Hustle Show podcast. We started in 2013. So it was like, you know, five years deep into being a full-time entrepreneur full full-time side hustler at that point. And so it was kind of a result of my own. And you kind of do [00:04:00] some of the questions that a lot of people will, will turn back to you.If you're like, well, how do I figure out, you know, what to do? And so the questions would be like, well, you know, what do you never get tired about talking about? What lights you up? What do other people come to you for advice for? And, you know, since I'd already done the thing and quit my job, people were naturally at well, how did that work?You know, how are you able to stay at home and do it and stuff? I found, I really enjoyed, you know, deconstructing other businesses like you know, where does, where does the money come from here? You know, how did you market that? Like, you know, all that stuff is, was instilled is really fascinating to me.So that's kinda how the, the podcast got its start. Rob: Awesome. I love it. I love it. And one of those big things is what lights you guys up? That is the big thing. Most of you guys that are here right now, you are lit up like me when you're out there searching for awesome stuff. You're looking for those deals, whether it's in a flea market, a thrift store, whether it's retail shops, wherever it's at, wherever you can find those deals. That's what lights you up. And like Nick said, that makes it [00:05:00] awesome. That makes your profession or your side hustle is so much better when you actually have a great time doing it. Melissa: Because there's always going to be something about it that you don't like, but if you really love, you know, the most part, what you're doing, you're slightly passionate about flipping.So, Nick, what would you say, what makes some people successful with their side hustle while others might struggle to make it work? Nick: Oh my gosh. I mean, there's lots of different things that we can, we can get into, but one of the biggest at the very start is this willingness to step off of the ledge, or maybe, you know, that, that connotes a following.So maybe like taking that step first, step up the mountain, you know, not necessarily knowing the rest of the path, because it's, it's so easy to stay stuck, kind of on the entrepreneurial sidelines with the side hustle sidelines, like trying to map out the entire route, trying to map out this entire path.And I just, I don't know if that's super realistic in getting started. It's like, okay, choosing what's next doesn't mean choosing what's forever, but like, you gotta be [00:06:00] willing to do that first thing and seeing, okay, what kind of reaction it gets? Do you find it something that you enjoy doing? I mean, that was, that was the podcast. It was, you know, $50 mic in the corner of the living room. Is this thing on? Yeah. I was like, am I going to run out of people to talk to? What did I just commit myself to? But it was something that I found that I enjoy doing. It was seeing just enough traction to justify, continuing to do it.And I think you either find that or you or you don't and then you say, well, luckily it wasn't a life-threatening experiment. I can kind of go back to the drawing board and try something new, but that hesitation to get started for fear of failure or fear of not knowing steps two through 10,, I think holds a lot of people back.Rob: Great point for sure. That's awesome. And you have to, like Nick said, you have to be willing to take that next step. Even if you do have some failures in the business, I've had tons of failures myself, but it's one of those things that you're willing to do. You're willing to course correct along the way.And yeah, I think that's a huge point, Nick, that you'd have to be willing to go that next up the mountain, [00:07:00] take that next step in. And it, the pay off is huge when you find it and you get there, but yeah, that's an awesome point. Yeah. Nick: Did you guys meet Todd Tresidder at one of your fin cons over the years?Melissa: I don't think so. Nick: So Todd is kinda like my dad's age, so he's kinda, and he's like a long lean guy and like a really good skier. So I like, he reminds me of my dad in a lot of ways, but when Todd was on the show, he kind of, and I'm going to butcher this quote, but he's like, the of, you know, wealth creation is, you know, probability times, outcome or, you know, so he had some weird formula for it, but what he was trying to say was, you know, if you minimize your downside risk and you have positioned these, you know, side hustles or businesses or startups in such a way that the upside is large enough, it just becomes a matter of taking enough swings. Like it's like your, your wealth almost becomes inevitable as long as you, you know, minimize that downside on each one. And same thing, you know, [00:08:00] starting flipping it's like, well, what, what are you comfortable with investing in initial inventory?You know, for, for all my online stuff or a lot of my online stuff, it's like, well, domain name and hosting. It's like, you know, a hundred bucks, you know, you'd get stuff off the ground really, really affordably. So kind of managing, you know, managing the risk and then, you know, positioning it. Well, how does this scale, like three to five years down the road, if it hits.Is that a win for me? And sometimes yes, sometimes. No. And so that kind of, align that with your goals. Melissa: Yeah, that's awesome. Rob: I love it. I love it for sure. Melissa: Would you say there's any common traits or characteristics or habits like of all these people that you've interviewed in your that are doing a successful side hustle?Do they have any commonalities among them that you've picked up?Nick: I think. Well, let's talk about the, the time aspect first. And then, and then we got five traits that I think, will make you more effective in your side hustle and, and some of the common threads and themes that we've seen from, from the years of the interviews.First off, like at the time, and I don't [00:09:00] know about you, but I have found myself guilty yet. I didn't have enough time. I would do that if I just had the time and what I have been trying to force myself to reframe that as is I prioritized something else. It's a little more honest. It's a little more brutal, but I prioritize something else.I've got this post er, you know, we just moved. So it's still like sitting on the floor. We haven't hung it up yet, but it's a little artistic print and it says, you know, everything in life got so much easier once he realized there was exactly enough time for the priorities in his life or for the most important things in your life.And it's like, we kind of know that instinctively where we, we vote our priorities with our time and you know, I'm not faulting anyone because there's, there's different seasons in life too. Like we were just at the park with a couple of friends of ours. They've got like twin one year olds. It's a different season in their life side hustle.Not really on the radar right now. And that's, that's totally fine. But, being honest with yourself, so 168 hours in the week, asking yourself, well, where is that [00:10:00] time going today? Do you really? Cause I've been there too. Like, there are days where, like I did not have you know, a minute to just like, you know, breathe and focus in like, you know, do this.But if you zoom it out over the course of a week, 168 hours seems a little bit more manageable, more doable. And so what I've recommended in the past is like to do this time tracking, audit in there, you can do that, like on your phone. I think a time of blogger was an app that was recommended. Toggle is another one T O G G L.I was, you know, if you're working from your computer, you might find it, you know, just have an Excel file. Like start time, stop. What were you doing? And just being able to tell you that up at the end of the week to say, oh, you know, I spent, you know, three cumulative hours, like getting kids ready to go out the door or, you know, on some sort of like, maybe it was my commute or maybe, you know, trying to get a log of like, where, where those hours are actually going.And it doesn't mean I'm, I think you guys are like the examples of like multitaskers extraordinary, like [00:11:00] with your morning runs like, oh, we got we're working on our fitness and we got, you know, we got the kids with us. We got some family time going on. Oh, we're listening to a podcast or like doing the entrepreneurial education thing.Oh, by the way, we might, we might spot something that's worthwhile to source while we're out there. It's like the ultimate multitask. But, but starting there, you know, with this time audit and getting honest with yourself, like, okay, if it's a priority to me, I will carve out the time and make it a consistent habit.Even if it's 10 minutes a day, 15 minutes a day, like something like that, because it's easy to. It's easy to build positive momentum, but it's just as easy to build negative momentum. You skip it for a day, skip it for two days. I think that's James clear to roll. Like don't ever take two days off in a row.Cause then it's like, oh, it's a slippery slope to go down from there. But I've got five habits that I think will make you a more effective side hustler, more effective flipper, more expective, entrepreneur. And the first of those, I'm bringing my list here, but the first of those is like [00:12:00] tracking.Your, your key performance indicators, like identifying your, the metrics that matter in your business. And those, you know, are the levers that you have some influence over that you can test different things and maybe it's. You know, the hours I've spent scrolling on, on offer up, or maybe it's like the offers made.Maybe it's like the percentage take rate on your offers and maybe it's the target margin that you're shooting for. Maybe it's, you know, the ROI on certain flips. So the second thing that I think will make you more effective. At least I've found it to be helpful for me is instead of, you know, year-long goals or even like, oh, here's my five-year goal.I think that it's good, but it's, it's kind of just a wild guess at that point. So I like to set what I'll call like sprint goals, short-term sprint goals. These are maybe, you know, four weeks, eight weeks, something that has a, a tangible deadlines, kind of like, you know, registering for a half marathon.That's two months out. Like, okay, I [00:13:00] better get training for that. Versus like, if I registered for something next year, I got some time I'll figure that out. So like an urgent deadline with some urgency or a goal with some ideas, especially for like project based stuff. Like I want to get this book done.I want to watch this summit. I want to launch this podcast. I want to hit $5,000 in eBay sale, whatever it is. So kind of these shorter term goals. The next thing that I have, number three, is this habit of writing down your top three priorities for tomorrow the night before. And I feel like when I get up in the morning and I have done this, I know exactly what to work on.And in what order, before I dive into reactive mode, someone else's agenda, I want to be moving my own life forward my own goals forward. Before I dive into Facebook, dive into email and start like this. You're putting out fires, right? It's like, okay, if I can, if I can get, you know, one, maybe two of those done, you know, before going into seeing what the rest of the [00:14:00] world has going on.I, I know that's going to be a much better day. And so that's kind of the, the third habit like this, you know, writing this down and like, and then trusting that. You know, cause it's easy to be like, oh, that's what yesterday Nick said like, is that really important to do that? And then at the end of the day, I try and do kind of like, I called it, my I'd done this habit for a lot of times. There was, I think there was a service that maybe still is called, I'd done this, which is just like it sends you an email, or it did, and you just reply back with like, what'd you get done today? So that I had rigged up a system with like Google sheets.And so you could kind of combine all that, and say, well, what did you get done today? Like recorded this episode. And I updated this thing and I, you know, met with resellers, you know, all these different things, but like, it's easy to, because that's the, that's the like, look in the mirror, honesty, honesty question.Like, did I do work [00:15:00] that mattered today? Did I make progress today? And sometimes, you know, you spend a lot of time on maintenance mode or, you know, things that kind of feel productive, but if you have your short-term sprint goal in mind and this, you know, I've done this habit, you know, you kind of have to be honest, did I, am I making progress toward that goal that I said was important to me and, and go from there?Number four is, something that I have found like personally beneficial, for, you know, habits that I want to change because I was, I would be the person, you know, who, who would look at, you know, December 31st and say, okay, new year's resolutions, what are we gonna do? Like, okay, well, I'm gonna, you know, get up at 5:30, I'm gonna drink a healthy smoothie.I'm going to journal and meditate and I'm going to eat no sugar, no carbs. And, you try and change too many variables at once and you do it for a day, you do it for two and then kind of fall off the wagon. So the fourth thing is what I call like micro habits. These are like one small tweak [00:16:00] to your day that you want to experiment with that, that you think might be meaningful for you.And so this could be starting a meditation habit. This could be, you know, doing 10 pushups, doing 10 burpees. This could be making the bed, this could be, you know, a dietary change of, you know, avoiding processed sugar and stuff like that. It could be a reading. I'm going to read a chapter of the book, you know, of some book every night, I'm going to write a chapter of my book every night, or I'm going to write 500 pages, one page, you know, kind of this, you know, building this daily habit, positioning it as, as an experiment, like, okay.And if I try and make it too small to fail, like one of the first ones I did was, just pushups and it, you know, the, the micro examples, like, well, if I just do one push-up, I can check the box and make that away. And if I just floss one tooth, I can check the box and make that a win. But what I ended up doing was like, well, how many pushups can I do?You know? And I think I did like 27 on day one. And then every day we'll try and do one more kind of could I beat yesterday's [00:17:00] record? And by the end of the month it was like 70 something. So I was like, oh, okay, just trying to stack up these, these little incremental improvements. And so that's kind of the, where I think you'll find there is like this slight edge or this compound effect of, you know, stacking up these marginal gains, you know, establish one tiny habit at a time until it becomes ingrained and then on to the next thing and onto the next thing.And it kind of comes from Amazon. I read at one point, Amazon is testing like a thousand different variables. They're running like a thousand different split tests on their site. You know, the position of this button, the shape of the size of this text, all of these different things like trying to eke out an extra point, zero 1% of conversion rate or something, because like, you know, with the volume that they're doing, that would be significant to the bottom line.And I think you can apply that same. Always be testing mentality to yourself, always be experimenting on, you know, one little, one little thing. And then the fifth thing, and there's a lot of data to back this up is this gratitude, practice, [00:18:00] gratitude, journaling, you know, what were you, what are you thankful for?Because I find when, there's always fires to put out. There's always stuff that goes wrong. There's always like, you know, one brother kicking the other brother in the neck. It's like easy to get, like today was just nuts, but a little bit of a pause to say, What am I grateful for? And I kind of combine this with the priority task for the next day.I say, what I get done today? What am I grateful for? What do I need to tackle tomorrow? And I find that that leads to a happier and more effective, Nick for sure. Rob: I love it. I love it. And I like how you break down and it's not, it's not about that thing. Like you said, creating those goals that are unattainable.It's not like doing that a year in advance. You're making these small incremental, wins that you guys can stack up. And I relate it more to, I mean, something that came to my mind while you're talking is Dave Ramsey talks about, getting out of debt and stuff like that. But one of the keys he always talks about is taking your credit cards and paying off [00:19:00] the lowest credit card first or the lowest balance.And then go to the next balance and then the next balance and the next balance. And when you do that, you get this quick win. It's a quick win, but it's also this feeling of accomplishment. I just did one, man. I can go do another one. And then you just start getting that. And the same thing that Nick saying, you're getting these accomplishments because they're not unattainable, they're micro, but at the same time, that's what's going to push you to the next level. You get those successes and then you keep going and you adjust and you keep going with it. So excellent, Nick. That was awesome. Melissa: We both took good notes too. Nick: So I'm like, I I've been back and forth on this. I'll get your guys' take on it too. Here's like process oriented goals versus outcome goals. Like the outcome goal is I want to have a billion dollar business. The process oriented goal is like, I want to do the thing that will maybe, hopefully get me there. It's like, I will write. 500 words a day. I will ask for raises from my affiliate partners.I will, you know, make sure I list 10 items a week. You know, it's [00:20:00] kind of this process oriented goal versus this. Cause you have more control over like, you know, I dunno. So I've gone back and forth on that because I think you need maybe a combination of both, versus. What do you, what do you guys think?Melissa: I like the process oriented just because you can, I can control that then the other one, but then it usually leads to the other one. But when we are talking about goals, we usually go to the outcome goal, which it should be more of a process oriented. Rob: I think of it as people want, they get into a side hustle, they get into a flipping and they want to make an extra thousand dollars a month.But exactly how is it going to be? And then that's where you make the commitment of okay, money comes in when I list stuff, whether it's offer up whether it's Facebook marketplace, whether it's eBay, wherever it's going. So what can I do to get to that thousand dollars? I need to list one thing a day. I need to make sure I list one thing a day, at least one thing, maybe two things a day, and you have to get to that.And that's the goals that you have to set and then you have to stick behind them. But I agree with you, Nick. You're the more that you do that and you start to get those [00:21:00] wins. Also, the habit is building of you listing one thing a day by the end of the day. Just like your push-ups, you're going to be there because you're making the commitment and you're following through with it.And it's not something that's unattainable. So I a hundred percent agree that. Nick: Yeah, I think if you're trying to reverse engineer, like the revenue flow in your business, and maybe that's where your, you know, your KPIs, your key performance indicators come into play. Maybe it is this, listing one, you know, one item a day. Again, the painting business, it was, you know, leads to estimates, to sales, towe're doing the work, like going and painting the house. And so like really the top of the top of the funnel, so to speak was leads. And those were mostly cold calling like door to door. And so hours spent cold calling was kind of the lead domino for a lot of this. A lot of everything that came after.Rob: Yeah, I love it. Melissa: Yeah. So for us, it's like sourcing those good items and getting them listed is always the bottle for most, most people, it is, and then get them listed and then, cause they can't sell if they're not listed. Rob: For most people who like [00:22:00] reselling the problem is not finding items. We can get out there and we can find some great items and we can find lots of them.It's the bottleneck is they're sitting up in that death pile of stuff you bought and you don't have it listed yet. So you got to get a list of, to make that money. Melissa: So get those KPIs going, exactly. One thing that I really love that you said, Nick, was the top three priorities the night before, because I think that is so important because it's so easy, especially now in to get distracted, like there's so many distractions in our life, you wake up in between emails, social media.I look at this screen time. Pop-up you spent this much time on screen time, like, oh yeah, it was all work. It was all work that I was on my screen. Nick: That's what I try and justify too. It's like you spend an hour and 20 minutes on your phone, you know, last week or something and you know, a per day per day.Melissa: Yeah, I try to justify it, but yeah, I know a lot of it was not, so that was that's wasted time and I should have been doing something else and getting my priorities. Then if you work on those top three, because I have a tendency to go, well, what's my top 15 priorities for the day. Like, and then too [00:23:00] big it's too much.And I get overwhelmed and then I go to social media. So, so having three it's very good. Nick: And breaking them down into like the smallest actionable steps. Cause I've been the person, you know, where the item, it just sits on the to-do list for. For weeks and for months. And you're like, why, why is this not getting done?And then again, you look in the mirror, well, it's on you dummy. You know, if you don't take action on it, nothing's going to happen. But it, it sits there because you never going to have this uninterrupted 37 hour block of time to tackle it. And so it's like, okay, if I were to chip away at this, okay, what could I do to, you know, start working on this?I had a book project this summer and it took like nine months, 10 months. Like it took way longer than I ever expected it to. Cause it was, it was a really intimidating project to tackle it. So I never felt like, well, I don't have time. I don't have the bandwidth to deal with this right now. But you know, there was a hundred stories in the book.Like I could have made the habit. Well, let me just do one a day. Let me just go through edit one a day. [00:24:00] And, you know, I would have been done in three and a half months instead of 10. So, it's a, it's a do, as I say, not as I do kind of thing with that example. Rob: I love it. Good, for sure. Melissa: We just had a couple quick more questions, was, so you've interviewed a wide range of resellers. So what are some of the different niches of sellers and flippers that you've had come across that you've seen? Nick: Oh, my gosh. We've had people doing, phones, doing books, doing, cars. That wasn't a, that was just a post on the site doing sneakers, doing appliances, which, that was one of the earliest ones that we did that was Ryan Finley from, Re Craigslist.I don't know if he's still active, but it really opened my eyes to the possibility of what was available. And it's like, could you imagine like a heavier bulkier, more difficult to transport type of item to, to go out and flip, but he was doing well, supporting his family, doing that stuff. And in a couple of things that he stood out, in that call that were really interesting [00:25:00] was, you know, in the early days set yourself a daily goal, I'm gonna go find 50 bucks where the profit today I'm gonna go find a hundred bucks worth of profit today.And I think he did that until he had erased his debt. And then. It's like, oh, if I can do this consistently, this could be a full-time thing. And the other thing that he said was, you know, opportunities become visible once you're in motion. And at that time, you know, going back probably 2014 timeframe, I kind of dismissed that as like, yeah, that sounds like kind of hippy-dippy advice.But I have seen it to be 100% true. Like the conversations that you have, the ideas that get sparked while you're out doing the thing. Those, those are sometimes worth way more than the thing itself. Like I was working on a failed one of my failed side hustles or like this wine related site and no reason to exist.I have no, I know nothing about wine. And it was just kind of a garbage site while I was doing research for that, I happened upon this website that was reviewing wine clubs as an affiliate, like an affiliate model site. And I was like, well, that's kind of cool. Like, what else can I pivot that to? Like, what else could I [00:26:00] start creating your crowdsourcing reviews for?And one thing that had come up in my. You know, personal, pains and struggles as an entrepreneur was hiring help. So I started the site called virtual assistant assistant, which just sold about a year ago, but ran this thing for nine years, it was one of my most successful side projects that was clearly a result of this idea that was sparked while I was working on something completely unrelated, but it was just like, okay.Opportunities become visible once you're in motion. So that was one that definitely stood out from that call with. But we've seen people flip. I mean, all sorts of things. I don't know if anybody goes any bigger than you guys in terms of the industrial equipment, but we talked to Stacy Gallego, student of yours who was doing sleep number beds, like sometimes kind of bulky stuff.She's like, yeah, freight shipping was, you know, it's intimidating until you do it once and then it's not so bad. And w you know, we're finding as new homeowners, we're finding the same thing with home improvement projects. It's. [00:27:00] Until you do it once. And you know, it was so bad. We just swapped out the sink and dishwasher this weekend and like, Okay.You know, of course it took a few more trips to the hardware store than we had originally planned, but we'll feel more confident for the next one. Every, every step of the way it kind of builds up. Rob: It is for sure. And with YouTube out there, you can do almost anything. The more you do it, the better you get at it.Melissa: So, people always ask how he can like fix a lot of stuff and yes, you're handy, but you, he looks up a lot of stuff on YouTube. Rob: But I am handy because I've done it. I've done it over and over. Swap out a sink once, you swap out a sink twice, three times, four times, by the time you do, I mean, you're pretty much a pro.Same thing for dishwashers, probably 15, 20 dishwashers. So it's not that it's anything. That's the thing with anything, the repetition, the more that you do it, when you're listing items, it takes you 10 minutes to list your item. The first time, one item, by the time you do 100 of them that you're doing it in like two or two minutes, you know, a minute and a half to get an item listed.So that is, it's a good point that the [00:28:00] more that you do something, the better you get at it, for sure. Nick: Like thrift store finds, you know, vintage clothing, like all that type of stuff, but where you got to make it worth your while, or it's like, you know, this was the guy who was, you know, flipping sneakers.And he was like doing like the limited edition, you know, super rare sneaker drops. And sometimes like I was, you know, it was like reselling t-shirts. He's like, okay, that's great. But I make 10 bucks. It's like, I could resell this pair of shoes and make 200. I was like, okay. So it's like the same, same amount of effort really required to do both. And so, you know, trying to aim him a little bit higher as your, as your budget allows, I had a guy who, this is an interview that's just coming out on the side hustle show who was, you know, kind of specialized in flipping iPhones. And it was, you know, you might have several thousand dollars worth of inventory.At any one point before you go out and sell those or resell those, but it was like, you know, pretty clear metrics here. You know, you had a little price sheet. Here's what these phones [00:29:00] are worth in this condition, you know, kind of like. Grid matrix type of thing. So he knows what kind of offers to make aiming, to make a hundred bucks a flip and just kind of was go into town.How do I go out? And his goal, his KPI was to have one deal lined up. By the time he leaves the house in the morning, it would be time by the time he wakes up in the morning, just like, okay, I'm going to go meet the seller over here. I'm gonna meet this seller over here. And he was getting it done. Melissa: Awesome. Rob: Huge nuggets, guys. You guys should be thinking about your business right now and how you can set those KPIs, how you can do that, that next step, because those are great notes. Melissa: Make them watch the replay, too. Rob: Sure. Melissa: Did you have any other tips or advice you want to give the attendees? Nick: The question that, that comes up a lot is like, well, how do I know when it's okay to go full time into this?And that's one question that I always ask you, Rob, it's like, well, you ever worry about the deals drying up? Like it's very much a, you know, a eat what you kill kind of a business. So you gotta always be out sourcing and hunting [00:30:00] for profit. You know, once you develop the skillset and you build the confidence, you kind of understand like the deals aren't going anywhere.Like there's, there's more than enough inventory to go around, but it's like having that, having that practice. And so what I tell most people is I want to see a track record of revenue, you know, going back six or 12 months, like just making sure maybe it, maybe it doesn't fully cover your day job income, but hopefully, you know, you're living below your means and it covers your fixed expenses.So you're, you're not, at least you're not dipping into savings. You're not taking on more debt if you do, make that leap. So you have, you've kind of built it up on the side using these effectiveness habits and, you know, time prioritization habits to the point where it's like, okay, you know, if I had another 40 50 hours a week to dedicate to this I think I could get it to the day job income level and beyond in a lot of cases, what people find. So just trying to, you know, I hear a lot of people, you know, an entrepreneur is, somebody [00:31:00] who jumps out of the airplane and figures out how to build their parachute on the way down. And this is a, a Reed Hoffman quote from LinkedIn.It's like, that sounds terrifying. Like don't do that, you know, proof of concept on, on a low risk scale and, and build it up from there. Melissa: Yeah.Rob: I love it. Melissa: We need to get to get that question a lot too, because people jump in. They're really excited and it's great that you're excited, but get the side hustle going first.So don't just go quit your job. Rob: Nick just gave you the formula guys, if you're at that point where you're trying to figure out if you're ready to scale, ready to get rid of your daytime job, because you love this so much more. There's the formula right there, guys. So you definitely want to be that level.Yeah. Yeah. So where can everybody find you? Nick: Okay. Of course would love to have you tune into the side hustle show where we cover. Not just flipping, but, any variety of a side hustle under the sun through the last eight years, tons of good stuff in the archives. If you don't know where to start, I put together a free Spotify playlist, greatest hits playlist.[00:32:00] If you want to dive in there. Sorry, Sidehustlenation.com/RSSbonus, reseller summit bonus is where you find a free digital copy of the progress journal. This is my personal productivity tracker. That incorporates the five habits that we talked about today. So you can get a free digital, six month version of that over there at sidehustlenation.com/rssbonus.Awesome. Rob: I love it. Awesome. Melissa: Well, thanks so much for Nick. Rob: We greatly appreciate your time. We greatly appreciate all your wisdom and your knowledge in this arena. So thank you. Thank you. Thank you. We can't thank you enough for doing this and, and helping everybody out with this side hustle. So you rock.Thank you. Have a great day. You guys are awesome.

Todd Tresidder has built his successful two-stage career by walking the walk. First, he became a self-made millionaire by learning how wealth is really created and spotting the contradictions in what is often taught. Then, he helped others do the same at Financial Mentor by creating frameworks and guides that help people ignore the noise and focus their financial decision making and what will actually help them build wealth.And along the way, he’s proven to be a believer in a concept Brian discussed most recently in the first lesson of Community Commerce Essentials -- two of the seven questions Brian outlined for finding your winning difference: who does your audience want to become and who do you want your audience to become?That latter part is what really sets Todd apart, because he wants his financial mentees to view their path to financial freedom as a path toward personal growth as well. In fact, he views them as one and the same.We talk about all of this with Todd on this week's edition of 7-Figure Small.In addition, we discuss a few headlines around NFTs, the future of work, and email. Then we end by answering some questions from Unemployable Initiative members and folks who were there for the live broadcast of this week's episode.

After four years of working on the ChooseFI podcast, Brad and Jonathan want to share their lessons learned, the list of things they might do differently, and highlight a few episodes to re-listen to. Brad is back in the studio after missing out on Episode 290 with Paul Merriman. He's doing fine and appreciates everyone's concern. With Paul Merriman's Ultimate Buy and Hold Portfolio strategy, the thesis is that diversity is great, but own equal amounts of all asset classes versus a cap-weighted index fund to capture the growth potential of small companies. Unfortunately, for the last 12 years, the majority of growth has come from large companies. Brad says Paul's book reads like a FI manual with a high-level overview of small steps that could be million-dollar decisions. The decisions are not little. As discussed in Brad's The FI Weekly email this week, the Rule of 72 states how long it will take you money to double at a given rate of return. 72 divided by the rate of return is how many years before the money doubles. For example, 72 divided by 8% equals 9 years to double your money. The impact of that last double can be worth millions, that's why getting started early is critical. If your new and haven't already, today is the day to start. Jonathan agrees Paul's book is a great FI primer and was surprised by how much he enjoyed reading it. He says it would make a great gift. ChooseFI often talks about the aggregation of marginal gains. It can be quantified as each half a percent improvement means we can make an extra million dollars. Come up with 10 and that's an extra $10 million over your investing lifetime. If you can't do all 10, pick three or four and implement early, aggressively, and consistently. If they could turn back time and look at how their own understanding has grown and developed over the last four years, what would the conversation look like from both micro and macro views? Starting with investing, in the beginning, the most powerful concept inspired by JL Collins was to avoid the fees, a sentiment echoed by Paul Merriman as well. Diversity and time in the market are also key. You will lose approximately 40% of your total net worth when invested with a financial advisor at 1% in a mutual fund with a 1% expense ratio. The dramatic loss happens when your gross 8% market return is reduced to just 6% after fees. In Episode 052 with Todd Tresidder, he highlighted that there are three asset classes you could invest in, paper, like the stock market, entrepreneurship, such as starting your own business, or real estate. Inside of paper assets like the stock market, Todd says complexity can be valuable, but others like Big Ern and Rick Ferry say most people will do far betting sticking with something simple they understand. It's important to talk about the things that will increase the likelihood of success then discuss nuance. While Brad craves simplicity, Jonathan enjoys learning more. There's no one right answer, only what works for you. Jonathan always conflated individual stock purchases with day trading, but episodes with Brian Feroldi helped him realize they are not the same. For Brad, individual stocks always seemed like gambling. While he doesn't advocate having a huge percentage of your net worth in individual stocks, it's no longer the 0% he would have advocated for years ago. The software available through M1 Finance allows Jonathan to implement the complexity associated with some of these strategies and maintain them simply. As for investing in entrepreneurship, it has become something Jonathan loves doing. It's an investment he has total control over, as discussed in episodes with Alan Donegan after he pointed out entrepreneurship was left off the Pillars of FI list. After a disastrous real estate failure in his 20s, Brad learned real estate investing can be a significant part of his portfolio if you are investing and not merely speculating. He now owns two single-family rental properties which have been successful so far. When you decide to start adding complexity, the price that's paid is usually time. Jonathan believes we are all stuck in a system, but the FI community is working to break out of the system in the best possible way to bring control back over their lives. Following the path to FI by saving money gives you options, power, and agency. In every aspect of life, look at the rules of the game, survey the field, and make the best decision that's going to work for you. Skills are more valuable than degrees. Upcoming in a future episode is Anita, who recently graduated from the Talent Stacker program. Coming from the hospitality industry, she had a four-year degree that left her with massive debt. After two to three months of training in a new industry for just a couple thousand dollars, she's now making multiples of what she was before. The best way to learn something is to do it. If we can build a system around that, we can eliminate the need to wait four to eight years and go into debt. That's what Jonathan and Bradley Rice did with their course. An 18-year-old who skips college, takes the course, and comes out making 60-80 thousand dollars a year can be Coast FI at age 25. with Coast FI where you have enough saved and invested and will never need to save another dollar again and have a net worth more than other at traditional retirement age. M1 Finance's Plus feature normally costs $125/year, but right now you can get the first year for free. With M1 Plus you get a 1% yield on online checking and they will reduce your M1 borrow rate. Jonathan doesn't have a HELOC because a margin loan from his M1 investments is so powerful. M1 introduced a new feature called a smart transfer. ChooseFI's CEO, Ed, has been testing it out. The current borrowing rate is 1.5% less for someone with M1 Plus. Because Ed is retired, he hasn't been able to refinance his home at the historic low rates. Instead, he did hi sown refi with M1 Borrow. Although Ed came to M1 to hack his mortgage, he decided to stay for the checking yield. Then he found the smart transfer tool. Similar to Zapier, smart transfer allows you to create rules to manage your finances. With simple rules-based drag and drop programming, you can always have enough in your M1 Spend account to earn the most yield, pay all your bills, and be optimally invested in the market. Resources Mentioned In Today's Conversation We're Talking Millions!: 12 Simple Ways to Supercharge Your Retirement by Paul Merriman ChooseFI Episode 284 JL Collins ChooseFI Episode 052 FIRE State of the Union with Todd Tresidder ChooseFI Episode 075 The Unfair Advantages of the Individual Investor with Brian Feroldi ChooseFI Episode 200 Stock Fundamentals with Brian Feroldi ChooseFI Episode 021 The Pillars of FI ChooseFI Episode 117 Making the Case for Part-Time with Bradley Rice ChooseFI Episode 239 The Gatekeepers are Gone Get Jonathan and Bradley's free five-day email course at ChooseFI.com/salesforce M1 Finance Review If You Want To Support ChooseFI: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy.  Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence.      

OVERVIEW: Jason A. Duprat, Entrepreneur, Healthcare Practitioner and Host of the Healthcare Entrepreneur Academy podcast speaks with Todd Tresidder, Owner of financialmentor.com. Todd shares his insight on investment strategies and adapting to the market. He also highlights the importance of risk management and how to determine your financial outcome.   EPISODE HIGHLIGHTS: The investment field is a tricky process. Go into it with your eyes wide open because you’ll encounter conflicts of interest and natural biases.  A hedge fund is focused on skill-based investing - quantitative disciplines vs market price movement.  Todd shares his investment strategies and expands on the principles involved including diversification by source of return. Todd reflects on his decision to sell his hedge fund business and how his lack of mentorship back then led him to his coaching business, financialmentor.com. He launched finanaicalmentor.com in 1997 to help normal people achieve extraordinary financial results.  Todd started out as a coach and then planned financial education models to share  products, courses and online calculators.  When it comes to your business, you want to be ahead of the curve on something that matters, helps people and solves a problem. Build your business as a side hustle while you have a reliable income from a full-time job. Work out the bugs first so you can prove your business model.  Build relationships, trust and a brand. Then monetize to make sure it’s valid.  Entrepreneurship is about providing value, having fun and helping people. There are two formulas for financial income and life growth: Mathematical expectancy and future value equations.  Understanding risk management is the core of financial independence. Todd discusses his view on the current economy and the economic “end game.” To prepare for the coming “end game,” train yourself. Todd shares one of his tools, Expectancy Investing Done For You, which does all the asset allocation work for you.   3 KEY POINTS: Investing isn’t an easy thing to dive into. You have to learn about different strategies and principles, apply them to your business and learn to adapt to the market. Always be open to the idea of mentorship and be mindful of the decisions you make. Businesses are always changing with the times. Work on something worthwhile and give value to your consumers. Adapt to the market’s needs and keep your financial outcome in mind. After building your business, keep it in the game for as long as possible. It’s important to understand how to manage risk and have an outlook for your financial outcome if you want to keep growing.   TWEETABLE QUOTES  “Get your market right and position yourself in a growing market.” - Todd Tresidder   “Traffic times conversion equals profit.” - Todd Tresidder   RESOURCES MENTIONED: Todd Tresidder on Linkedin - https://www.linkedin.com/in/toddtresidder Financial Mentor - https://financialmentor.com/ Wealth Coach - https://financialmentor.com/financial-coaching Financial Mentor E-books - https://financialmentor.com/educational-products/ebooks   #HealthcareEntrepreneurAcademy #healthcare #entrepreneur #entrepreneurship #investmentstrategies #riskmanagement #financialmentor #financialcoach

In this rewind episode we dive deep into understanding risk.  We discuss safe withdrawal rates, sequence of returns, and bear markets with Todd Tresidder, Carl Jensen, Big ERN, and Steve Adcock. Plus a new short segment about being in the arena.  

I brought Todd Tresidder in today to impart his knowledge about the expectancy analysis principle. Todd started in the hedge fund business, built up his wealth, and moved on to financial coaching. He was able to retire early and founded financialmentor.com.In today's episode, Todd shares why finding out about the expectancy analysis principle is the single most important lesson he learned in business and investing.Join us, and let's figure out the meaning of expectancy. Just a side note, it's not the expectancy you and I thought![00:01 – 05:02] Opening SegmentI talk briefly about great values that await you in this episodeLet's welcome our guest, Todd TresidderTodd gives a little bit of background about himselfCreated financialmentor.comAuthor of six booksCreated a course for advanced wealth-building strategiesOne of the first financial coaches on the internet[05:03 - 17:29] The Seven Steps to Seven FiguresTodd walks us through the history of his Seven Steps to Seven Figures programThe Expectancy Master Course SeriesExpectancy Wealth PlanningExpectancy InvestingExpectancy LivingThe Seven Steps to Seven FiguresStep 1: Get your financial house togetherStep 2: Building the personal side of your lifeStep 3: Wealth planningStep 4: Take massive action[17:30 – 13:15] Expectancy: The Most Important Investing TopicTodd talks about his definition of 'Expectancy.'The mathematical expectancy, there's a formulaRisk managementThe core of everything Todd teachesIt's a philosophyTodd tells the story of The Blind Men and the Elephant: The Seven Steps to Seven Figures (continued)Step 5: Expectancy investingStep 6: Alternate asset strategiesStep 7: Personal freedomRevamping the Seven Steps to fit as a teachable course[31:16 – 38:00] Closing SegmentQuick word from our sponsorsWhat is the best investment you've ever made other than your education?The hedge fund businessWhat is the worst investment you ever made?I bought penny stocks and lost 100% of the investmentWhat is the most important lesson that you've learned in business and investing?"It's the topic of this conversation, which is expectancy analysis."Connect with Todd online! See the links below.  Tweetable Quotes:"There's an infinite number of paths, but the key is you've got to match the path to your specific situation, your skills, your interests in order to succeed." – Todd Tresidder"Expectancy determines the growth rate of the future value equation. Those two equations are the math that determines your financial outcome in life. But it's more than that cause it's a philosophy as you can tell. Once you really break it apart, there's actionable philosophy to implement that math and put it to work for you." – Todd Tresidder You can connect with Todd on his website https://financialmentor.com/ and get free resources the moment you subscribe!LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes.

This week we chat with Todd Tresidder, financial coach and educator at FinancialMentor.com. He's also the author of five financial planning books. You'll learn about: - How to build wealth - What stops us reaching Financial Independence - Using leverage to help you get there Todd built his own wealth as a hedge fund investment manager before "retiring" at 35 to teach others. Today, he provides advanced investment and retirement planning education at FinancialMentor.Com showing what works, what doesn’t, and why based on a depth of proven experience. Hope you enjoy, Paddy Delaney Informed Decisions

Todd Tresidder has been featured on NPR, Forbes, The Huffington Post, & The Wall Street Journal. He shares; how he used the $100 strategy to land his early investors, how hedge funds work, & how much money you need to retire

Todd Tresidder was a hedge fund manager who wasn't satisfied making the rich richer, while those who didnt have financial know-how tended to stay in the dark about it.  Todd had set himself up financially for retirement at 35 and wanted to teach others how they too could find their way to financial independence and security.  That led to Todd creating the educational platform FinancialMentor.com Part of Financial Mentor's mission is to educate the masses in a place that is separate from the people actually selling you the products. This site is there, solely to educate people, and a lot of education on there is FREE!  I downloaded his post - How Anyone Can Retire in 10 Years - which led me to access to a page of about 4 other audio courses I can listen to for Free. I can't wait to dive into his content and start applying it to my retirement plan! In this episode, Todd and I discuss (among other things):Is there a magic number someone needs to retire?What are the 5 questions someone should ask themselves in order to plan for retirement?How Todd shifted his career to educate others with what he knew.What's wrong with the traditional model of retirement planning? Some "Uncommon Financial Planning" to help a person get to retirement more quickly and with less stress. Please check out Todd's website FinancialMentor.com - Let me know which article was most helpful to you! ************************************************ANNOUNCEMENT!!!!Im launching a PATREON page with lots of extras for you!!!!   Look for it Oct 1, 2020!!!! If you would like to support the show while also learning a bit more about the psychology of life and relationships, please check out my Patreon site - you will be able to find me at  Patreon,com/coachingthroughchaos.  There are a few tiers of monthly support options.  My personal favorite is the $9.00 tier.  For that price, you will get access to 3 self-help audio recordings per month.  There are some other fun gets at less and more per month, but that's going to give you the best bang for your buck, and totally help me out! Thanks!!!! *************************************************If you are enjoying The Coaching Through Chaos Podcast, and you want to stay connected and want to chat about the episode, just follow us at Coaching Through Chaos on Facebook.If you want to interact with Colleen more personally or stay up-to-date on her other podcasts and happenings, you can follow or friend her on:FacebookInstagramTwitter Listen to Shrink@Shrink to learn about love and life through the movies every month.You can buy the book: The 60-Day Plan for Embracing Your Inner Leader!   as well as the book of ALL the guests you've ever heard on the COaching THROUGH Chaos Podcast right on my Amazon Bookshelf! If you want to work with Colleen for personal 1:1 coaching to help you conquer the chaos in your life, just reach out through CoachingThroughChaos.com click on the Contact page. Keep kickin' that chaos out of your life! Thanks for listening! 

Today we are chatting with Todd Tresidder. Todd went from net worth $0 to self-made millionaire in 12 years and “retired” early at the age of 35. Todd previously served as a hedge fund manager of a $20 million+ portfolio and continues to actively invest in publicly traded markets today. You can find Todd sharing... The post Your Values and Your Finances with Todd Tresidder (Financial Mentor) appeared first on Financial Freedom Community.

On today’s show we will be talking to Todd Tresidder, the Entrepreneur and Investment Expert that founded and shaped Financial Mentor.  Todd received a B.A. in Economics from the University of California at Davis, is a serial entrepreneur since childhood building many businesses and retiring at age 35 from his position as a Hedge Fund Investment Manager responsible for a 20+ million dollar portfolio, and is still an active investor who earns consistent investment returns in both up and down markets. During this episode you’ll hear: Learn about Todd’s company, Financial Mentor Financial Freedom leads to Personal Freedom Misinformation in the form of poor-quality, biased, half-truths and incomplete ideas contributes to the reason that most people will never experience financial freedom. Todd shares which topics are in the Financial Freedom for Smart People book series Financial Mentor Podcast.  Jonathan Krueger is an Investment Advisor Representative with Lion Street Advisors, LLC, a Registered Investment Representative and a Registered Representative with Lion Street Advisors, LLC member SIPC. Opinions expressed on this program do not necessarily reflect those of Lion Street Advisors, LLC or LionsGate Advisors. The topics discussed, and opinions given are not intended to address the specific needs of any listener. Neither Lion Street Advisors, LLC nor LionsGate Advisors offer legal or tax advice; listeners are encouraged to discuss their financial needs with the appropriate professional regarding your individual circumstance. Resources: Todd Tresidder pulled off what many of us can only dream about: He retired at 35, and he did it through investing. Todd is an Entrepreneur and Investment Expert that founded and  shaped Financial Mentor.  Todd received a B.A. in Economics from the University of California at Davis, is a serial entrepreneur since childhood building many businesses and retiring at age 35 from his position as a Hedge Fund Investment Manager responsible for a 20+ million dollar portfolio, and is still an active investor who earns consistent investment returns in both up and down markets. LinkedIn Financial Mentor Show Notes

Leverage is a powerful tool, and how one can effectively multiply their efforts.  "Give me a long enough lever, and a fulcrum on which to place it, and I will move the world" exclaimed Archimedes.  There are many forms of leverage, including: Financial (debt) Time Technology Communications/Relationships Knowledge Here is a link to Todd Tresidder's site, the Financial Mentor. DM me on Instagram: @stockstoryteller Email: alex@stockstoriespodcast.com

Today's guest always leaves you feeling a bit smarter after having a conversation with him and today was no exception. Join Mark & Scott as they welcome Todd Tresidder, founder of FinancialMentor.com, back to the show.Todd previously appeared on the Best Passive Income model about 4 years ago which you can find here: Todd Tresidder on Wealth Building Equation in Life.Todd is a former hedge fund manager who didn't want his tombstone to read, “his investments skills made his rich clients richer”. As a result he made his advance investment strategy and wealth planning knowledge publicly accessible through his website to help normal people to achieve extraordinary financial results.Before becoming the Financial Mentor, Todd worked his way through college to pay the bills and came to the conclusion that he didn't like having to live from the right side menu of life. So he set out to design his life to result in wealth and 12 years later, at the age of 35, he was financially independent.Todd says it wasn't that complex, you just have to get the principles right… and today, we are going to dive deep into those principles.When asked to define wealth, Todd says that the focus is not on wealth as much as it is on financial freedom and it's the assets that produce the cash flow that creates the freedom.“In my world it's never about more stuff, it's about the experiences. A wealthy life is a life full of powerful experiences.”Listen in as the guys have a deep thought provoking conversation about how you get more joy and satisfaction in life by creating value and giving back to others.“Money simply solves money problems. We want to get to the point of solving time and money problems. Once your passive income exceeds your fixed expenses you get both of those and you can really think about how you can add more value to your life and experience giving back to others, moving up Maslow's Hierarchy of Needs into Self-Actualization.” MarkTodd talks in brief about the differences in his coaching techniques when it comes to the wealthy and the poor and why you need to adapt to a mindset of self-responsibility in order to empower yourself and give yourself the ability to shape your life in the direction you want.He also dives deep into these principles that he accredits to his success:A high value on growth—Level 2 thinkingClarity of thinking and commitmentIntegritySystems and leverageRisk management“Level 2 thinking is understanding risk management, understanding the role of active risk management when it's properly done. Level 2 is dynamic, it's subtle, it requires more knowledge to fully develop and understand. But it's well worth doing because it's way more accurate than our world. It reflects reality and so it allows you to work within reality way more productively.”We try to include an inspirational quote into every podcast write up, but today's show is packed full of so much wisdom, it was hard to choose just one…. Hence, this is why you always leave a conversation with Todd Tresidder, a little bit smarter.TIP OF THE WEEKMark: Learn more, go to FinancialMentor.com where you can find freebies, resources, and all of Todd's books!Scott: Mac users, for the next generation of trash bin check out TheBin,Todd: How much leverage are you applying in your life? To understand how leverage connects with risk management to build wealth, read Todd's book, The Leverage Equation but How Much Money Do You Need To Retire.Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

We are super excited for a new episode this week with Todd Tresidder from Financial Mentor who retired at the age of 35. Todd comes into the Milllhouse to talk about how much money we need to retire and what retirement could mean for people (both good and bad). We also talk about what we would like to do when we retire one day and how the definition of retirement is changing. For more information, visit the show notes at http://themoneymillhouse.com/how-much-money-retire-todd-tresidder-financial-mentor-2

Todd Tresidder-  Todd Tresidder: Former investment hedge fund manager turned writer and financial educator who offers coaching, a blog, and ebooks on how to build wealth and invest smarter. Goal is to help millions of people lead happier, more productive lives by freeing themselves from the financial tyranny caused by poor decisions and planning. Specialties: Money coach, investment strategy, internet marketing, writing, financial coaching, wealth building strategy.  Websites: financialmentor.com financialmentor.com/financial-coaching financialmentor.com/educational-products/ebooks  Listen to another #12minconvo

Last year when we published The Best Investment Writing Volume 2, we offered authors the opportunity to record an audio version of their chapter to be released as a segment of the podcast, and listeners loved it. This year, we’re bringing you the entire volume of The Best Investment Writing Volume 3 in podcast format. You’ll hear from some of the most respected money managers and investment researchers all over the world. Contributors: Jack Vogel, Paul Novell, Mike Philbrick, Rob Arnott, Aswath Damodaran, Corey Hoffstein, Bob Seawright, Wes Gray, Justin J. Carbonneau, Gary Antonacci, Larry Swedroe, Scott Bell, Jack Forehand, Ray Micaletti, Todd Tresidder, Ben Johnson, and Frazer Rice.

Last year when we published The Best Investment Writing Volume 2, we offered authors the opportunity to record an audio version of their chapter to be released as a segment of the podcast, and listeners loved it. This year, we’re bringing you the entire volume of The Best Investment Writing Volume 3 in podcast format. You’ll hear from some of the most respected money managers and investment researchers all over the world. Enough from me, let’s let Todd take over this special episode.

Hey welcome to another episode of Escape The Rat Race Radio, my name is Christian Rodwell and this week my guest is Todd Tresidder, aka The Financial MentorMore than 55,000 people have used Todd’s wealth building tools available for free on his website to to help them jump start their financial freedom.In today’s episode you’ll hear why anybody can achieve financial independence and the mathematical equation that backs that up. You’ll also hear Todd speak about the three main asset classes for building wealth; property, paper assets and business/entrepreneurship - along with the essential questions you need to answer if you’re going to create a personal wealth plan that works.OK Let’s do this! Let’s head over to my conversation with Todd Tresidder. Guest Details:Todd Tresidder Financial Mentor WebsiteUltimate Retirement Calculator, which is really useful for planning your financial freedom.Todd Tresidder Financial Mentor PodcastFinancial Mentor Expectancy Wealth Planning CourseTodd Tresidder TwiitterTodd Tresidder on LinkedinConnect with Escape The Rat Race [#ETRR]:Official WebsitePrivate Facebook Group‘Sack Your Boss: The Ultimate Guide To Escape Your 9-5’ - [Book] Out Now!Thanks so much for joining us this week. Have some feedback you would like to share? Send us a messageIf you enjoy listening to our show every week, please leave us a review on iTunes! (It really helps spread the word ;)

Todd Tresidder is the author of seven personal finance books with an eighth coming out shortly. He created a course on strategic wealth planning and is the founder of FinancialMentor.com, a popular personal finance site. He is a self-made millionaire and was financially independent at age 35, which was more than two decades ago. Since then he’s been coaching clients on how to do the same giving him an unusual depth of experience. Todd has maintained his wealth by remaining an active investor and utilizing statistical and mathematical risk-management systems for investing. Through FinancialMentor.com he teaches advanced investing and advanced retirement planning principles. Take the next step beyond conventional financial advice and discover what works, what doesn’t, and why, based on years of proven experience.   “So he had all kinds of great stories about how this company was going to the moon and he didn’t understand the setback but this company was going to fly and I was a stupid kid and I bought it hook line and sinker and I put even more money into it. So I made this stupid mistake of averaging down on a loss you know chasing good money after bad and eventually went to zero, and I lost everything.” Todd Tresidder     Support our sponsor   Today’s episode is sponsored by the Women Building Wealth membership group, the complete proven step-by-step course to guide women from novice to competent investor. To learn more, visit: WomenBuildingWealth.net.       Worst investment ever Graduate joins HP, friend in credit department offers hot stock tip Todd made his first and worst investment when he fresh out of college. Holding a fine résumé for a new graduate, he had been the business manager for campus businesses. It was the mid-1990s and he had read the book In Search of Excellence, by Tom Peters. He went straight from college to work for HP, one of the top companies employers at the time, and had a friend in the credit department. One day during a lunch-time chat, his friend told him about a new company they were working with that was buying HP mainframes, and they were listed in the pink sheets on the Nasdaq. Todd’s friend had put his money in the company’s stock after doing financial analysis on the company and all this. ‘Inside scoop’ meant he put in all funds he had saved for his MBA course So Todd felt this was a “cool insider scoop” on this “amazing emerging company”. The company had an algorithm that was dominating how mail was going to be sent. Todd said “it sounds so absurd now, but it sounded cool at the time”. He had been busily saving for tuition fees to study for an MBA after paying his own way through school, and was still trying to pay off his college costs. He was also saving some money but chose instead to stick his savings into the pink sheet stock. Initially, it went up. But he neither knew anything about how new stock issues work or about how this business worked. So he also had no idea that it was standard protocol for new issues to promote them in an over-the-top way to get people excited about the stock, that it was “going to the moon”, in order to create demand. Todd was in early enough to see an initial rise in the stock, and he kept pumping more money into it. The more he had, the more he would invest, thinking this investment was going to pay for his further study. Stock price turned and broker talked him out of selling He then watched his investment fall to zero Then suddenly it turned and started going down. Magically, the stockbroker called Todd (as though he could read Todd’s mind) and “had all kinds of great stories about how this company was going to the moon. And that he didn’t understand this setback, but this company was going to fly and I was a stupid kid”. Todd bought the broker’s story and put more money in. He made “this stupid mistake” of averaging down on a loss, chasing good money after bad and eventually it went to zero, leaving him with nothing of his original investment. That was Todd’s first and worst investment ever. So for his very first investment I lost everything. But it did set him on a course to learn everything about how to stop it happening again.   “It was only in hindsight, as I started to learn (about finance and investing), that I realized the depth and the level of all the different mistakes I was making.” Todd Tresidder     Lessons learned Don’t buy on hot stock tips Don’t risk money you can’t afford to lose Don’t buy a story If you think about it, you are actually buying a business, so if you are going to buy based on any sort of fundamentals, it better be business fundamentals. You must must must have a risk management plan in place This must include an exit strategy Don’t play a game that you don’t fully understand. Todd was in the new-issue market, which is a very specialized game. There are rules by which that game is played by and he admits violating them all “with pure stupidity”, because he did not know the game. Don’t confuse brains with a bull market Which is he says is what many people are doing right now. Don’t ever buy based on news Don’t send good money after bad by averaging down Don’t let a win turn into a loss       Andrew’s takeaways Collated from the My Worst Investment Ever series, the six main categories of mistakes made by Andrew’s interviewees, starting from the most common, are: Failed to do their own research Failed to properly assess and manage risk Were driven by emotion or flawed thinking Misplaced trust Failed to monitor their investment Invested in a start-up company Andrew says Todd’s case features Mistake No.2 “Failed to properly assess and manage risk” When we get excited about the returns and the opportunity, we often ignore the risks Part of managing risk it to assess the risk of that particular company but the other part of it is managing all the other risks, and that is about the position, size, how much money you put into it, and things like that. Have some kind of exit strategy for every single investment you have The hardest thing for an analyst and for any investor is the decision of what to do when the stock goes down. When we talk about emotion in investing, the emotion involved when our stock is starting to fail is intense. Nobel Prize research highlights that the pain of loss is two-and-a-half times the excitement you feel when you’re winning. When that emotion is involved, that really is the time to have a risk management system in place. It could be a stop loss, or something else. You must learn the game before you play That’s a critical lesson.   “(Risk management) It’s the first consideration in investing. I always think in terms of what can I lose and only secondarily do I consider what can I win? My focus is entirely on controlling losses.” Todd Tresidder   Actionable advice Focus on risk management, first and foremost. The reason for that is you can make all the other mistakes, but if you have a risk management strategy, you can still win in the long term.   “If you don’t have risk management any one mistake can bury you.” Todd Tresidder     No. 1 goal for next the 12 months Todd is finishing off his wealth planning course at FinancialMentor.com and he has one final module to create to complete that project. Then is will be time to build all the sales funnels and all the systems to support the site.   Parting words “It’s really not painful to talk about your losers.” Todd said, no one is born a smart investor. As a matter of fact, we are hardwired in our DNA that opposes what we should be doing as a smart investor. That’s one of the reasons he uses quantitative disciplines to overcome the natural human emotions. Recalling mistakes and how they are made is just part of learning how to invest.       You can also check out Andrew’s books How to Start Building Your Wealth Investing in the Stock Market My Worst Investment Ever 9 Valuation Mistakes and How to Avoid Them Transform Your Business with Dr. Deming’s 14 Points Learn with Andrew Valuation Master Class - Take this course to advance your career and become a better investor Connect with Todd Tresidder LinkedIn Twitter Website Full bio Course Books Connect with Andrew Stotz astotz.com LinkedIn Facebook Instagram Twitter YouTube My Worst Investment Ever Podcast Further reading mentioned Thomas (Tom) Peters and Robert Waterman (1982) In Search of Excellence: Lessons from America’s Best-Run Companies  

Todd Tresidder graduated from the University of California at Davis with a B.A. in economics and a passion for creating successful businesses. A serial entrepreneur since childhood, Todd went on to build his own wealth as a hedge fund investment manager before “retiring” at 35. He grew his net worth from less than zero at 23 to the point of financial independence just 12 years later. Todd has maintained his wealth by remaining an active investor and utilizing statistical and mathematical risk management systems for investing. Through his website at FinancialMentor.com, he teaches advanced investing and advanced retirement planning principles. Take the next step beyond conventional financial advice and discover what works, what doesn’t, and why, based on years of proven experience. Resources Financial Mentor (official site) The Leverage Equation (book) Todd's Ultimate Retirement Calculator Todd Tresidder on LinkedIn

Todd Tresidder is a financial coach, author and owner of the popular retirement website financialmentor.com. As an entrepreneur and former hedge fund manager, his portfolio management made him a self-made millionaire at the age of 35. When he is not long distance hiking the John Muir trail or helicopter skiing in Canada, Todd coaches his unconventional and effective tactics to those looking to gain financial freedom and transform their inner personal life. His books have hit #1 in retirement categories on Amazon. Todd's investment and personal wealth advice has been featured in Forbes, Inc, NPR, US News, Wall Street Journal, and dozens of financial and entrepreneur podcasts. His website, financialmentor.com, has been recognized as one of Forbes “25 Best Retirement Websites” and Inc.com's “11 Smart Personal Finance Blogs.” Learn more about Todd at his website, financialmentor.com.

Wanna Host Your Own Podcast?Click here to see how my friends at Podetize can helpPurchase John's new bookThe Sale Is in the TaleJohn Livesay, The Pitch WhispererShare The ShowDid you enjoy the show? I'd love it if you subscribed today and left us a 5-star review!Click this linkClick on the 'Subscribe' button below the artworkGo to the 'Ratings and Reviews' sectionClick on 'Write a Review'Love the show? Subscribe, rate, review, and share!Here's How »Join The Successful Pitch community today:JohnLivesay.comJohn Livesay FacebookJohn Livesay TwitterJohn Livesay LinkedInJohn Livesay YouTube

Learn how to scale your coaching business on this podcast interview with Todd Tresidder.  He found an effective way to scale his company to serve more people and reclaim time.  https://financialmentor.com/

Here's an uncomfortable truth most people don't want to think about: Making lots of money doesn't guarantee financial independence. Look at NFL stars, for example. They routinely make 7 figures a year. And yet, 78% of NFL players wind up broke...

"Make everything as simple as possible but no simpler”—Albert Einstein The Financial Mentor, Todd Tresidder implements this philosophy when educating his clients on retirement planning.  In this episode, you will learn…  Why he believes in making money as simple as you can but no simpler The two key observations he made during his life that shaped the how he wanted his life to look like What led him to work for the experience not for the money early on in his life The 3 financial models you should consider when planning retirement For the complete set of show notes for this episode go to http://www.jenhemphill.com/125 Be sure to continue to join us for more money conversations in our FREE community over here: http://www.jenhemphill.com/community Enjoy this episode and want more? Be sure to subscribe and leave us a review on iTunes: https://itunes.apple.com/us/podcast/her-money-matters-money-talk/id1006403754  By you doing that will help us reach more women like you. It's easy, here is how: http://jenhemphill.com/how-to-subscribe-and-leave-a-review-on-itunes/  The post What You Should Not Leave Out In Your Retirement Planning With Todd Tresidder | HMM 125 appeared first on the Her Money Matters Podcast.

Jason interviews Todd Tresidder about how to design a wealth plan that will actually work. Todd Tresidder graduated from the University of California at Davis with a B.A. in economics and a passion for creating successful businesses. A serial entrepreneur since childhood, Todd went on to build his own wealth as a hedge fund investment manager before "retiring" at 35 to teach others. Today, he provides advanced investment and retirement planning education at FinancialMentor.Com showing you what works, what doesn't, and why based on a depth of proven experience. To learn more visit www.financialmentor.com

Todd Tresidder is a successful entrepreneur who has built many businesses and actually retired at age 35 from his position as a hedge fund investment manager responsible for over $20 Million dollars. He is now a financial coach and educator at financialmentor.com where he offers coaching, a blog and ebooks on how to build wealth and invest smarter.   He is the author of five financial planning books including “How Much Money Do I Need To Retire?,” “Don't Hire A Financial Coach,” and “Variable Annuity Pros and Cons.”    Period in full-time business  He says he has been in business his whole life. He only worked as an employee for 6 months and then got fired. When in college, he was the associate students' business manager at the University of California which involved running the student run businesses on campus. He had been an entrepreneur since childhood starting out with paper routes and working his way up. He also had a boating business, taught sailing and had a pool supply company when in college. He says he is unemployable. He worked for HP straight out of college but was fired after 6 months.  He had made them millions by cleaning up their service contracts but got fired because his great performance made the boss look bad.  Core revenue streams  Currently, his revenues come from http://www.financialmentor.com/ (www.financialmentor.com). He sold the coaching business about 3 years ago. The coaching generated good revenue but he never wanted to become a thousand dollar an hour coach which is how people make money in coaching. He knows he could have done it but he didn't enjoy it anymore after a while because it started becoming like a job.  He is in the process of converting the business into the seven steps to seven figures courses. He began the coaching business because he used to ask himself how he could help ordinary people achieve extraordinary financial results. From coaching people, he learnt that acquiring wealth involves 7 processes that people go through and he finally got it down to a system that worked for clients. He then had to figure out how to formalize it into a structure that worked for everybody regardless of their class. It took some time for him to figure it out but he eventually broke it down into a 7 step process and he is now turning all that into product form so that he can be able to scale it in the long term.  Retiring at 35  He says it was planned. He worked his way through college and came out with debt. He used to work all summer while other students went on holiday. He didn't want to struggle in life and was determined to have financial independence so he figured out how to do it and mapped a path with the hedge fund business being a big part of it.   He figured that since he had to learn how to compound wealth then he might as well get paid to learn how to do it. Hedge funds were the only way for him to achieve that so he went to work for a hedge fund where he was responsible for developing statistical and mathematical trading systems.  Tip: You have to have a plan that‘s built around your interests, skills, resources and abilities because otherwise it won't work: This is step 3 of the seven steps to seven figures  A hedge fund  Todd says that the difference of a hedge fund from a mutual fund is that it's skill based (the return is a function of skill) but with a mutual fund, the return is the function of what the market gives. If the market is up, most mutual funds are up and vice versa. A hedge fund has skill based strategies and therefore they can make money under any market condition.  The 12 years to success  At the hedge fund, Todd started working in the marketing department and all he had to do was attract company presidents and vice presidents into what they called medium size return plans. They had a strategy for soliciting them and started building the business. One day as he was looking at the accounting, he realised that it was wrong and...

Thank you for reading this article, which comes to you originally from Personal Profitability.Todd Tresidder is the man behind The Financial Mentor and has decades of experience coaching average people on how to improve and best manage their finances. If you want to learn more about investing and managing your hard earned dollars, tune into this week's amazing episode with The Financial Mentor. What We're Chatting About This […] The post PPP064: Excelling in Investments with Todd Tresidder appeared first on Personal Profitability.

Do you have a wealth plan or a financial plan? Find out why, Todd Tresidder of FinancialMentor.com says you must build a wealth plan that involves your skill set and expertise. ThinkLikeAJournalist.com See the show notes. 

Todd Tresidder (FinancialMentor.com/3) has three ways of building wealth: real estate, business, and paper assets. Todd has some unique insights when it comes to building wealth since he believes in simplicity and uses math (research) as well as basic principles to create a sound investment strategy.

Michele Moreno - has performed for thousands around the globe as an entertainer.   As a business coach, she helps entrepreneurs with heart attract customers and grow a meaningful business. Todd Tresidder has been a serial entrepreneur since childhood, Todd went on to build his own wealth as a hedge fund investment manager before “retiring” at 35. He grew his net worth from less than zero at 23 to the point of financial independence just 12 years later. Todd has maintained his wealth by remaining an active investor and utilizing statistical and mathematical risk management systems for investing. Grant Cardone is the founder of Whatever It Takes Network, a New York Times bestselling author of four business books since the 2008 economic collapse, an international speaker and business innovator. Cardone owns multiple companies including a software and technology business, a consulting company to Fortune 500 companies and Cardone Acquisitions, a national real estate company. For more information go to MoneyForLunch.com. Connect with Bert Martinez on Facebook. Connect with Bert Martinez on Twitter. Need help with your business? Contact Bert Martinez. Have Bert Martinez speak at your event!  

Todd Tresidder is a former hedge fund manager who “retired” at age 35. He loves playing the money game like a kid loves playing Monopoly and remains an active investor to this day. He is also a financial educator and pro-consumer advocate having authored 5 personal finance books. His work has been featured in the Wall Street Journal, Investors Business Daily, Forbes, NPR, and market Watch, among other places. If you like what you hear from him today, you can get more of his insights on the Financial Mentor Podcast, or get his free email course, “52 Weeks to Financial Freedom,” teaching you how to invest smart, build wealth, retire early, and live free at - FinancialMentor.Com.   During this show we discuss… What the “7 Steps to 7 Figures” wealth building process is and how it works How your financial picture is a mirror of your habits and attitudes How to develop your wealth plan connected to how you really run your life How to take massive action to accumulate massive wealth How to structure your life to pull you towards your financial goals The 5 steps you really need to build your wealth How much money does someone really need to retire How retire really is financial independence planning How to accomplish financial independence at a young age The dangerous myths you should know about retirement calculators and how to use them wisely How to get access to 80 different calculators to map out your wealth and goals Why you need to save $300,000-$ 400,000 for every $1,000 in retirement income you want to have How owning a business and real estate can help you catch up on retirement planning if you are behind now The difference between a fast and slow path to wealth How someone designs a plan to achieve financial independence that will actually work How to accomplish true wealth The 3 asset classes you must know about

In this episode, we were joined by financial guru and author, Todd Tresidder, who shared his insights on how important book revenue is as a financial asset, tips for dealing with bad reviews, as well as great book marketing strategies. The post Ep 080: “Finances for Authors” first appeared on Book Marketing Tools Blog.

Over the past six years I have built up quite a body of work here on MeaningfulMoney. And that's especially true when it comes to how to invest. In today's show I am going to bring together some of the best investing resources on the site and try to fit them into a path to take you from zero to elite investment skills. Podcast: Subscribe in iTunes | Play in new window | Download Sponsor Message This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I'm doing, trying to get decent, easy-to-understand financial information out to the world. I'm very grateful to them for their support. You can see what they're up to at 7im.co.uk How to invest With 303 videos and 149 podcasts here on MM it can be hard to find what you need, though there is a very efficient search system. I am in the process of designing and building a new home page which will hopefully help new visitors find their way round, but until that is done, this post should help you navigate the best stuff when it comes to investing. Of the resources listed, more are podcasts than videos. Many of the videos are somewhat out of date now, and while I am redoing some of them, the podcast is generally where the meat is. Ready? Here are eight steps to become and investing ninja: Step 1 - Get into the right mindset Video number 246 talks about getting into the savings mindset. You need to start form a good place, as the changes you will make need to be deep-seated to last for a lifetime. This involves being future focused, getting mad at the financial services industry, and committing to taking control of your own future. Step 2 - Get started For those who are right at the very start of their personal finance journey, and are looking to pay off debt and begin saving for an emergency fund, I have a dedicated index page just for you. If you have done those things, and you're looking at how to invest, what's next? Podcast session 6 was a chat with the erstwhile Justin Urquhart Stewart of my sponsors, Seven Investment Management. In that show we agreed that investing should be dull, above all. You should understand your risk tolerance (more in a minute) and understand what makes a core investment portfolio. Then in Podcast session 10 we looked at Asset classes, or things you can investing, and a little bit about how they interact. And we followed this up with Podcast session 11, where we covered the platforms, wrappers and funds that these assets are held inside. this is the basic architecture for investing success. Step 3 - Understand Risk It has been proven beyond doubt that risk and reward are related. Risk is a multi-layered subject, as I discussed with my friend Richard Allum in Podcast session 16. Much later, I chatted to Paul Resnik of risk measurement firm Finametrica in Podcast session 119, and looked into the science of risk tolerance, and whether or not it changes in response to external factors. Finally, video number 300 covers the three main ways in which investment risk can be managed by ordinary folks, such as you and me. Step 4 - Educate yourself We're better at most things if we learn something about them in advance of diving in. The same is true for investing, which is why this site exists, and why you're here. You need to learn how to invest, before you start to invest. Podcast session 76 was a chat with journalist Robin Powell who created a documentary called How To Win The Loser's Game. Listen to the show and watch the film; it'll set the scene. Then I embarked on a four-part investment masterclass covering: Asset Allocation Risk and return Setting realistic targets Understanding costs Those four podcast sessions will give you a superb grounding of education and equip you to make good choices. Step 5 - Get practical Armed with all that good information, it is time to get your hands dirty with some practical investing. Back in Podcast session 41, I took listeners through how to build a portfolio from scratch, exactly how I would do it. I then chatted subsequently with Mark Polson of platform consultancy the lang cat, in Podcast session 75. If you're going to go it alone and not seek professional advice, there are plenty of online systems to help you invest in various ways, and Mark's guide helps you decide which is best for you. Once a portfolio is built, it should be reviewed. In Podcast session 96 I cover what to do when you sit down each year to look at the year just gone and the one coming up. What should you be looking for? What should you ignore? Step 6 - Learn about behavioural finance We are so often our own worst enemies. While investing is a science, as humans we are driven by emotion, and as such we can make some very bad decisions. Half the battle with learning how to invest is understanding why we make mistakes and putting in place a framework to minimise these. Back in Podcast session 43 I covered nine classic investing mistakes that I see people make over and over again. Then, in one of my favourite conversations I have had for the podcast, I chatted to Greg Davies from Barclays Wealth over two shows, session 108 and session 109. Greg is the UK's foremost authority on behavioural finance and gives us some very practical tips on how to make good investing decisions. Finally, I make my own attempt to give some practical tips for making smart decisions in Podcast session 118. Step 7 - Get things in context As I often say here on MeaningfulMoney, money is never an end in itself, but a means to an end. It is there to serve your life goals, and to enable them, never to be a goal in itself. It is therefore vital to invest with this context in mind. In Podcast session 48 I asked some important questions, crafted by the father of financial life planning George Kinder. These three questions will help put money in its proper place. I then interviewed my good friend Tina Weeks in Podcast session 85, and she shared her approach for putting money into perspective. Step 8 - Take things to the next level Finally, for those plucky few who make it this far, there is the opportunity to level up, and take your investing to the next level. In Podcast session 81, I cover some advanced investing techniques, and in Podcast session 24, I talked about some lessons we can learn from how the super-rich manage their wealth. I chatted to financial guru Todd Tresidder in Podcast session 123, and asked the question: How much do I need to retire. Todd himself retired at 35 or something incredible, so he's a good man to learn from. And then in Podcast session 113, I covered ways to put your finances on autopilot, so you can grow your wealth while you sleep. Summary Phew! I think that is plenty for most people to be going along with. If you can apply the information about how to invest contained in these podcasts and videos, your financial success is pretty much assured.   Join the conversation I love to read and respond to your comments, so please do join in and share. Question: Which of these resources has benefitted you most, and why? Share the love If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. This has a huge impact on keeping me near the top of the rankings, which in turns helps more people to find the show and to subscribe. Just click the button below:

Todd Tresidder graduated from the University of California at Davis with a B.A. in economics and a passion for creating successful businesses. A serial entrepreneur since childhood, Todd went on to build his own wealth as a hedge fund investment manager before “retiring” at 35 to teach others. Today, he provides advanced investment and retirement […] The post 82: Financial Planning and Building Wealth with Todd Tresidder appeared first on TCK Publishing.

In this episode of the Best Passive Income Model, Mark chats with Todd Tresidder, founder of financialmentor.com. Tresidder has been a serial entrepreneur since childhood and made his money from the use of his expertise in statistics and risk management systems in managing hedge funds. Bringing technology to the investing space has allowed him to retire at the age of 35.Listen in as Mark and Todd discuss: how Todd helps change people's lives, the different ways to look at and apply the wealth building equation in life how you can apply Todd's model into your wealth plan, his quantitative approach to investing, what to look out for when investing in real estate, the different ways of skinning the wealth building cat, and ultimately enjoy and live life. Todd shares his knowledge without the technobabble and giving realistic advise on investing that will help you attain financial freedom, allow you to transform your life, and gain personal fulfillment. He also shares the lessons that he learned, the sacrifices he had to make, and his journey to having a passion business that he is doing today.Todd also shares his take on real estate and the advantages of investing in it, the false truth of “buying the dip,” about forecasting, and its lack of redeeming value. His advice about being in the real estate business is that you have to know what you're doing and you have to understand market truths. When asked about how to get financial freedom, he says you just have to take your lumps and do it...live your life. Pay for something that will only put more money in your pocket than it costs you.When asked if Mark has the best passive income model, Todd gives very interesting points to ponder such as the percentage of offers that get accepted, if there is a smooth business model that doesn't take up too much time, cost structure knowledge, and knowledge of margins.   Tip of the Week :    Todd: Learn more about the Financial Mentor here: http://financialmentor.com/. Get the Retirement Calculator that we've discussed here: http://financialmentor.com/calculator/best-retirement-calculator Also, book we discussed is here: www.amazon.com/dp/B0093CPJ9S/ Thank you for listening to The Best Passive Income Model podcast. Your support helps me attract great guests who share knowledge that you can use to grow your business.

Michele Moreno has performed for thousands around the globe as an entertainer. As a business coach, she helps entrepreneurs with heart attract customers and grow a meaningful business. Todd Tresidder has been a serial entrepreneur since childhood, Todd went on to build his own wealth as a hedge fund investment manager before “retiring” at 35. He has maintained his wealth by remaining an active investor and utilizing statistical and mathematical risk management systems for investing Grant Cardone founder of Whatever It Takes Network, a New York Times bestselling author of four business books since the 2008 economic collapse, an international speaker and business innovator. Cardone owns multiple companies including a software and technology business, a consulting company to Fortune 500 companies and Cardone Acquisitions, a national real estate company For more information go to MoneyForLunch.com. Connect with Bert Martinez on Facebook. Connect with Bert Martinez on Twitter. Need help with your business? Contact Bert Martinez. Have Bert Martinez speak at your event!

The Real Deal with Jason Silverman with Todd Tresidder Welcome to this edition of THE REAL DEAL with Jason Silverman! Jason Silverman got a chance to catch up with Financial Strategy Expert…Todd Tresidder for an outstanding conversation about developing a sound financial strategy. If you're looking to take your business (and your financial knowledge) to the next… The post The Importance of a Sound Financial Strategy with Todd Tresidder appeared first on Jason M. Silverman.

The Real Deal with Jason Silverman with Todd Tresidder Welcome to this edition of THE REAL DEAL with Jason Silverman! Jason Silverman got a chance to catch up with Financial Strategy Expert…Todd Tresidder for an outstanding conversation about developing a sound financial strategy. If you're looking to take your business (and your financial knowledge) to the next… The post The Importance of a Sound Financial Strategy with Todd Tresidder appeared first on Jason M. Silverman.

Michele Moreno - has performed for thousands around the globe as an entertainer.   As a business coach, she helps entrepreneurs with heart attract customers and grow a meaningful business. Todd Tresidder has been a serial entrepreneur since childhood, Todd went on to build his own wealth as a hedge fund investment manager before “retiring” at 35. He grew his net worth from less than zero at 23 to the point of financial independence just 12 years later. Todd has maintained his wealth by remaining an active investor and utilizing statistical and mathematical risk management systems for investing. Grant Cardone is the founder of Whatever It Takes Network, a New York Times bestselling author of four business books since the 2008 economic collapse, an international speaker and business innovator. Cardone owns multiple companies including a software and technology business, a consulting company to Fortune 500 companies and Cardone Acquisitions, a national real estate company. For more information go to MoneyForLunch.com. Connect with Bert Martinez on Facebook. Connect with Bert Martinez on Twitter. Need help with your business? Contact Bert Martinez. Have Bert Martinez speak at your event!  

Planning a retirement can seem like trying to pin a tail on a moving donkey. Blindfolded. Without a donkey. It's a weird moving target that may seem a long way off in the future. Plus, how much money do I need to retire? This week I talk to Todd Tresidder, founder of FinancialMentor.com and author of several personal finance books who himself retired at age 35 - seriously - and has clear ideas about how anyone can make their retirement dreams possible.

On this episode of Rhodes to Success, I interview Todd Tresidder, who has been a serial entrepreneur since childhood. He went on to build his own wealth as a hedge fund investment manager before retiring at age 35 to teach others. Today Todd provides advanced investment retirement planning education at Financial Mentor.com, showing you what works and what doesn't based on a depth of proven experience. He is the author of five financial planning books, including How Much Money Do I Need to Retire?, Don't Hire a Financial Coach, and Variable Annuity Pros and Cons. During the show, we discuss unconventional insights into wealth building.   “Happiness is connected to goal-oriented activity that is grounded in your personal values.”   Main Questions Asked: -       Talk about your website and all the content and resources you provide. -       Share your experience of getting interviewed and how that has impacted your business. -       Explain what is unconventional about your coaching and viewpoints. -       What is financial freedom? -       What do you recommend to people in their 20s and 30s for getting their financial house in order?   Key Lessons Learned: -       Todd's business started with him wondering if he could help ordinary people achieve extraordinary financial results. -       Coaching is a ‘trust sale,' as people will establish trust via your content such as podcasting and blogs.     Podcast Guest Interviews -       The podcast interview is like a guest post on steroids. -       The relationship as a podcast guest is deep, as you are an implied expert. -       There is a relationship with the host, and the audience is listening to your voice for 30 minutes as opposed to scanning a post for 30 seconds.   Being Unconventional -       If you want a path of personal growth, there is no better one than building wealth. The development you have to go through to achieve the goal is huge. -       When you pursue wealth and financial independence, it is reflecting your value on freedom.   Financial Freedom -       Freedom isn't about having more stuff. The more stuff you have, the more it ties you down. -       Most people are vague around their definition of financial freedom. -       Todd's definition of financial freedom is when cash flow exceeds expenses. -       The millionaire myth is: “When I have a million dollars, I'll be financially independent.” -       If you want to never work again, it takes a lot more than a million dollars. -       Happiness is connected to goal-oriented activity that is grounded in your personal values. -       It's not about having enough cash flow to last you the rest of your life; it's about having enough to bridge you to your next achievement. -       Generally, everything costs twice as much and takes twice as long as planned. -       Most entrepreneurs are people who don't picture themselves stopping working.   Birth – School – Work – Fulfillment – Death -       In the fulfillment phase, you don't have to make a lot of money. You just have to make enough to pay your bills and allow your wealth to compound in the background over time. -       You don't need a lot of money if it doesn't have to support you over a long period of time. -       Rather than building a life you want to retire from, why not build a life so meaningful and satisfying that you never want to retire from it.   Three Paths to Wealth -       Paper assets – Stocks, bonds, and mutual funds. -       Real estate – Direct ownership. -       Business entrepreneurship – Owning your own business.    Getting Your Financial House in Order -       Base savings. -       Owning home. -       Pay down the debt. -       Basic acquisitions for a comfortable life. -       Monthly expenses in a structure. -       Figure out how to leverage what you bring in and what you pay out so it's not all your time that go into it. -       Plot your residual income against expenses until the business carries it.   Subscribe to the show in iTunes or Stitcher Radio!   The music in today's episode was written by The Danger Os and produced by Nick Palmer. Check them out at https://www.facebook.com/thedangerosmakemusic    Links to Resources Mentioned Financial Mentor Eventual Millionaire HARO

Todd Tresidder is a former hedge fund manager turned writer and financial coach at FinancialMentor.com.  He's also the author of 5 books on personal finance and he loves playing the money game like a kid loves playing Monopoly.

Take a unique look at your financial planning as an entrepreneur and join me with Todd Tresidder the founder of FinancialMentor.com, and author of the Financial Mentor series including titles such as "How much money do I need to Retire" and "The 4% rule".  Todd is the Financially independent from age 35 through investing – not marketing – unlike many other financial gurus who made their money through marketing courses and books. Join Mat Sorensen and Mark Kohler for an amazing interview that could help you better live your American Dream. Tuesday, March 3rd at 11am PST / 2 EST. You can call in and listen LIVE on the road at 646-200-4285, or listen in here from your computer.

Have you ever wondered how much you really need to retire?  I find out the skinny from Todd Tresidder, financial coach and founder of FinancialMentor.com