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.
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Tip of the week:
Todd: Get the Retirement Calculator that we’ve discussed here: http://financialmentor.com/
Mark: Learn more about Todd and the Financial Mentor here: http://financialmentor.com/