Tim Shiner notes
My wealthy successful friends talk about failure openly and honestly and what they learned.
- My friends that haven’t been successful try to hide failure
- Find the why - selling 12 websites to get the 6K down payment to buy a 200K house (one of Tim’s employees)
- Encourage the next generation - take it as a blessing that it’s up to you to create money and success for yourself.
- Mentors come before money
- Give before get
- 98.6% of people will never have net worth of a million dollars
- Watch out for the vice in advice - careful who you’re taking advice from.
- Put a bouncer in front of your mind.
- Read Jerry Jones autobiography
- Get a piece of duct tape and listen
- Ask questions, the more you ask the more you’re going to learn
- You have two ears and one mouth
- Composite rock. Take one thing from every person.
- Handwritten thank you notes
- Happy bombs - and send gifts at thanksgiving or some other time that’s not the usual for everyone else
- 250 streams of income - one legged chair you can swing and take it out. 250 legs you can’t do a dent
- Leverage revenue streams and passive revenue streams are the way to go
- You INC. - invest in yourself, throw away TV
- Higher end real estate and good school districts
- The great school districts are always going to appreciate better
- Buy from me tear up your lease for free
- Waterski analogy: vision
- I want as many checks from as many revenue streams possible coming in the mail every month
- Are you stepping off a cliff or a curb
- Befriend mentors and try to get them to help you
- The big thing for Tim is that he’s looking for appreciation he’s looking to buy in places that are going up
- Oil and gas rights on your land are good
- Find the why and make sure your spouse is on board
- Extravagantly conservative - buying the used lambo
- Set a goal, achieve it, reward yourself
- You’re going to make mistakes don’t not go somewhere because you can’t already see all green lights
- If you’re up a rung you gotta reach down and help other people up