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Notes of the Episode
Today’s guest, Tim Rhode, never went to college and came from a family that struggled financially, but he achieved financial freedom by age 40 and currently has 25 income streams! How did he overcome his circumstances? What helped him find his purpose and passion?
Tim shares how he re-invented himself, changed his mindset and connected the data points in his life until he achieved his dream of having a business where he could mentor, serve others and help people figure out how to live this amazing, one-life fully lived that we’ve all been blessed with. Investing in real estate changed his direction and enabled him to find his purpose and live with joy and inspiration. Listen now to learn more about Tim and the keys to his success!
Key Points from This Episode
- Tim shares his backstory and where he’s at now.
- Being financially free allows Tim to enjoy life and look for opportunities to serve, fit in, and help his family and community.
- How did Tim change his mindset from being a grocery clerk who did not go to college to succeeding in selling real estate?
- Tim never went to college, but he took all the necessary steps to educate himself about real estate.
- How did his first three real estate transactions change his goals and direction in life?
- Tim touches on the Fulfillment Triangle, where your passions meet your talents which then meet opportunities.
- At 40, Tim discovered his new identity and created a Tim-is-Now-An-Investor plan.
- Know and connect the data points in your life to discover your gift and passion.
- Tim highly recommends journaling and shares a time when he wrote about his dreams.
- He achieved his dream of doing a business where he’s mentoring, helping other people grow, and giving back by knowing and connecting his data points and having the courage to quit what was behind him.
- Learn to delegate tasks. Don’t try to do everything yourself.
- Make time out of your busy schedule to strategize.
- What is Tim’s advice on how to overcome negative self-talk and remain positive about yourself?
- How did Tim know about his gift of giving and serving others? What pushed him to do it?
- Tim talks about the 1Life Fully Lived organization.
- Tim’s advice and challenge to someone who can’t leave his job to pursue what he/she really wants to do.
“You have a new identity sitting out in front of you. You just haven’t have the courage to tell your brain, ‘It is time!’” [00:15:34]
“The keyword is data points. There’s all these things that happen in your life that you don’t put the two together at the time but then – and this is the important piece of being out in nature, and not working 25 hours a day and being in the hamster wheel. You gotta get away from your life and just get out and get your heart rate elevated and start putting these data points together.” [00:16:33]
“The more you do what you say you’re going to do, the more you become to trust that you will. Conversely, the more you say you’re gonna do something and… [not do it], you deserve to be down on yourself because you’re not living up to who you could possibly be.” [00:32:11]
“Do less. It’s hard enough to roll a wheelbarrow up a hill. Say no.” [00:38:52]
“If you can, just get quiet and ask and just think. Think about who you want to be with.” [00:39:50]
“Keep doing what you’re doing. Keep juggling those balls. But just throw a new ball in that’s where you’re going. And when you throw that new ball in, you need to get rid of something behind you.” [00:43:09]
“Get the courage to do the thing that you know you need to do and you know you don’t want to do it.” [00:44:46]
The Quitter’s Manifesto (book)
About Tim Rhode
Tim would tell you that he got off to a slow start. After growing up in the rural town of Portola in Northern California and barely graduating high school, Tim Rhode found himself at the age of 25 working as a grocery clerk with two young children to provide for.
He eventually found his “niche” selling real estate; and from 1986 to 2000, he sold over 2,500 homes and from 1997 to 2006 he invested in over 100 properties. Tim focused on saving money, keeping his expenses low, and playing solid “financial defense” which allowed him to basically retire, and he was financially free at the age of 40.
Not wanting to play hike, bike or ski all day, Tim threw his energy into his true passion: helping people thrive and live their most fulfilling life. He founded the nonprofit 1Life Fully Lived to help people of all ages gain the tools and skills they need to thrive and also co-founded GoBundance, a high-level mastermind, with David Osborn, Pat Hiban and Mike McCarthy to help healthy, wealthy, generous people lead epic lives. We have a women’s tribe now!
Tim has also authored and co-authored numerous books such as Tribe Of Millionaires and The Quitters Manifesto and has been featured on a variety of podcasts and media outlets. He now lives near his children in the High Sierras with his wife and dog.
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