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Browse every published article connected to Tim Rhode, or search within this exact expert archive.
A young real estate agent I’m mentoring said to me the other day, “Tim, I want to follow in your footsteps. What is the ONE THING I should concentrate on to ensure that happens?” My answer to her may surprise you. I said, “If you want to be financially free, then you have to play really tight financial defense.” She looked quite puzzled and asked, “What do you mean?”
I have this theory that there are three kinds of people. Those that get a lot done daily. Those that get some done daily. Those that life "does" daily. I know that is harsh, but my good friend Christopher Lochhead says it plainly: “There are 3 kinds of people you either suck, don’t suck, or you are legendary!” Then he says, “Think about it. When you go to a movie, it either sucked, didn’t suck or it was LEGENDARY!” Out for dinner? Same thing. “That meal either sucked, didn’t suck, or was legendary.” Let’s look at this concept from another angle.
The secrets to wealth building are over 6,000 years old. It can be found in the 7 simple lessons contained in the pages of the book, The Richest Man in Babylon, by George S. Clason.
It’s all about fulfillment. Why is it so few adults go through life with a perma-smile feeling fulfilled and playing their game full out while, unfortunately, many go through life feeling unsatisfied? I think the individuals who are happy and satisfied are THRIVING in what I call the FULFILLMENT TRIANGLE. The Fulfillment Triangle is exactly what it sounds like... a three sided shape made up of three components that balance one another to create a solid structure for your life and career. The three components are: passion, talent and opportunity.
“Ridin' down the highwayr Goin' to a showr Stop in all the bywaysr Playin' rock ' ' rollr Gettin' robbedr Gettin' stonedr Gettin' beat upr Broken-bonedr Gettin' hadr Gettin' tookr I tell you, folksr It's harder than it looksr It's a long way to the top if you wanna rock ' ' rollr It's a long way to the top if you wanna rock ' ' roll” Angus Young / Malcolm Young / Bon Scott (AC/DC)
How is it some people get an enormous number of tasks accomplished and seem to have a great life balance? These people seem to know what they want and are going after it passionately, while others struggle to get what they “have to do” done and always seem behind. Where do you fall on this spectrum of productivity? Well if you'd like to improve your ability to get things done and have more energy and passion in your life, then here's a secret for you that few people know about. The secret is PLANNING.
Someone asked me yesterday if they could take 1 million dollars and turn it into 3 million over the course of 5 years if they invested it wisely. I immediately thought of a backcountry ski guide I hired when first learning the ropes of mountaineering. No matter what questio I asked him about skiing, keeping myself safe, or handling an avalanche he came back with the same answer, “Well, it depends.”
Get Rich Quick is a Lie! I see so many people skipping the stairs and escalator, expecting the elevator to take them straight to the top. They rush to ride the next rocket ship stock or bitcoin, betting it all on momentum and throwing caution to the wind.
Unhustle? I help lead two communities where always striving for more is the norm. As a leader with my eyes wide open I notice trends in how people act and respond when they first are exposed to these communities that are focused on seeking excellence in personal development. The people we attract are a unique blend of humans from all walks of life with one thing in common… We want more in life and are willing to work hard to get there.
A friend had me over the other day to look at a piece of land he just HAD to sell. He needed a down payment to buy his siblings out of the home he lives in. The property in question was his family home. He had lived there while helping his father pass from this world. Now that his dad had passed, the siblings wanted the home sold “to get their fair share”.
What does it take to transition from your current “job” to an “Abundant Lifestyle?" I’ve observed a lot of successful people and many “not-so-muchers” over the years. I’ve asked many people how they have achieved long term success in business (and life). Of course, it takes time and action. But there is no time like the present to start on your journey to self-sufficiency. I have put together the most important traits and actions for you to follow.
The Roarin’ 20’s are back! Or are they? The Roaring Twenties was a period of economic growth and widespread prosperity, driven by recovery from wartime devastation and deferred spending, a boom in construction, and the rapid growth of consumer goods.
"GIKBDIR and GID" What in the heck does this gobbledygook mean? It means Get In, Kick Butt, Do It Right, and Get It Done. I created this mindset decades ago when my kids were young. It was how I went about handling business, investing, and life in general. I wanted to teach my kids this as a way of life… It is a lifestyle, not just a saying! So what does it mean? Let’s break it down. Get in – Don’t procrastinate, get on it now! Kick butt – Put your full efforts into whatever it is you do.. Do it right – Get it done right the first time.
We all have things we want in life that are out of our reach. And we have no idea how to cross the seemingly scary and dangerous “unknown” to get to them. We think about a better version of ourself. Maybe it’s a more satisfying career, or a business opportunity. Perhaps it is finding (or dumping) a spouse, quitting a bad, life crippling habit, or perhaps it is getting healthier. We want to cross this rubicon to a better situation, but the pain of doing it outweighs the pain of where we currently are… UNTIL IT DOESN’T!
Do you believe the only way to earn more is to work yourself harder? I used to think that way. Until I found a way to more than double my passive income by leveraging the talents of my friends and colleagues. You can do the same kind of magic I did to create something out of nothing in your earning capability. Let me tell you how I made this happen so you can learn from it.
What do you bring to the table of life? Are you someone others want to be around? Do people and companies want to do business with you? Are they happy when you call or text them? Or, in the reverse, do you often feel slighted or ignored? Sometimes it’s hard to evaluate our own selves… so let’s take a different point of view for a second. You know that friend, lover, boss, partner, employee that is well… a bit of work. You know the one… the person you are always looking at and doing the math to see if they are still worthy of being in your life?
I have this theory about managing life as an adult. It goes like this. We are all walking across a huge body of water, maybe a lake or an ocean, with metaphorical snakes, crocodiles and sharks swimming in the water below, waiting to pounce on us and take us down to a mentally dark place.
Throughout my life I’ve come to learn some important lessons and I’ve made it my mission in this third quarter of my life to share that wisdom with as many people as possible. That sharing might look like this, a blog post. It might look like hosting a retreat, speaking on a podcast, or coaching a fellow entrepreneur. No matter it’s form, I am working to help others dream, materialize and live their most magnificent life. I’m so glad you’ve tuned in and I hope you’ll continue to journey with me. With that, I’ll leave you with my personal 13 Immutable Musts Know and Do’s
Be “aggressively patient” to get what you want in life. Aggressively patient? These two words DO NOT go together. This oxymoron is an excellent mindset for life and investing. So, let me tell you what I mean. It’s a Lifestyle. Aggressively go after what you want in life. Be patient for the right opportunities and have a strong willingness to say no. Be ready to adjust if facts on the ground are different from what you thought originally. It’s like riding down a steep hill and feathering your brakes, getting the balance right on a teeter totter, or any other balancing act.
I’ve been in the Real Estate investing and selling business since 1983. Over the course of that time, I’ve bought many properties, and sold over 2,500 homes as a Real Estate Broker. In all of those deals, whether they were mine or for a homeowner or investor, I’ve noticed common negotiating concepts that have led to not only great deals, but that left both sides feeling like winners. Sounds pretty great, right?
Why is it that some people smile radiantly daily while some wear a frown and seek to hurt? We all know there is an epidemic of anger and despair sweeping across the nation and harming people all over our country. School and event shootings are out of control. Suicide and the opioid addiction crises are symptoms of a hurting society. Our apathetic culture needs a spark. What if there was a different way for a person, family, community, and culture to live? People actively pursuing their most fulfilling life are happy because they are doing what they like with people they like.
Dream it… Plan it… Live IT! 30 … 60… 90 … Dream it… Plan it… LIVE! That is my mantra. It’s what I believe life is about. I want to share an interesting concept with you surrounding this mantra. It goes like this… The 1st third of one’s life is figuring out how it all works. Who the heck AM I? Where will I best fit? How will I earn a living and fend for myself? (Dream it) The 2nd third is designing and building a life that will hopefully set you up for a nice “last third” of this magnificent journey. (Plan it)
Have you ever felt like you are on a losing streak and no matter what you do, things seem to be spinning out of control, sucking you into a seemingly never-ending, downward vortex?