How Did This Guy Retire at 35?

Todd-Tresidder1

Summary:
In Episode #284 Nathan interviews Todd Tresidder. Todd’s a serial entrepreneur who retired at 35 after building millions as a hedge fund manager. He’s the creator of Financial Mentor, a hugely successful financial coaching service, which is soon to become an online course. Listen as Todd and Nathan talk asset allocation, risk reduction, and how to create wealth.

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  • Favorite Book? – Essentialism
  • What CEO do you follow? — Steve Jobs
  • Favourite online tool? — None
  • Do you get 8 hours of sleep?— It varies
  • If you could let your 20 year old self know one thing, what would it be?— Buy more income-producing real estate

Time Stamped Show Notes:

  • 01:20 – Nathan’s introduction
  • 01:35 – Welcoming Todd to the show
  • 02:18 – Lasted about 6 months at Hewlett Packard – then he was fired
  • 03:20 – “Everything is quantitative”
  • 03:45 – Invested $20 million through a hedge fund set up with a partner
  • 05:00 – “One of the keys in investing is knowing what you don’t know”
  • 06:30 – Made a 3% management fee
  • 07:20 – “It’s completely a numbers game”
  • 07:55 – Why move to teaching others?
  • 08:30 – “You reach a point where you’ve learned what you’re going to learn”
  • 09:03 – “I would have been repeating life over and over”
  • 09:35 – Sold the hedge fund and travelled through the Middle East and Europe
  • 10:45 – Todd’s currently working on his courses at Financial Mentor
  • 11:00 – Started as a boutique coaching site
  • 12:10 – “I’m trying to develop the one-on-one coaching into courses”
  • 13:00 – Nathan spends 10% of what he earns and spreads the rest across different equities
  • 13:55 – “The top 12 asset allocation formulas essentially perform the same over 30 years”
  • 15:00 – “The variance in return is to do with risk exposure”
  • 16:00 – There are limits to growth in conventional asset allocation
  • 16:20 – “Entrepreneurial strategies will blow the doors off conventional allocation”
  • 17:30 – “Set yourself up so ‘heads you win, tails you win’
  • 18:15 – Play smart – risk can be unexpected
  • 19:25 – The solution to risk management is “higher highs, higher lows”
  • 21:00 – “I sold all my real estate in 2005 or 2006 – I was lambasted, but I didn’t want the risk”
  • 22:00 – “Knowledge leverage has no downside”
  • 18:58 – Connect with Todd at Financial Mentor – and receive a free ebook and course
  • 24:18 – The Famous Five

3 Key Points:

  1. Know what you don’t know. Be aware of the areas you aren’t an expert in – and either learn, or leave them to someone else.
  2. Manage risk. Unexpected things happen all the time – you need to be thinking about how to not just make your high returns higher, but how to minimise your lows and losses.
  3. Know your numbers. Investing is absolutely a numbers game: everything is quantitative. Understand the numbers and you’ll understand how wealth works.

Resources Mentioned:

  • Freshbooks – The site Nathan uses to manage his invoices and accounts.
  • Host Gator – The site Nathan uses to buy his domain names and hosting for cheapest price possible.
  • Leadpages – The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
  • Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.
  • Show Notes provided by Mallard Creatives
  • S BARBARA

    BRILLIANT CONTENT!

    As entrepreneurs we are taught not think about risk

  • JC B

    Very interesting content. Thanks for sharing.