Todd Tresidder Joins Us On The Steve Jobs Inspired Join Up Dots Business Podcast
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Introducing Todd Tresidder
Todd Tresidder is today’s guest joining us on Steve Jobs inspired Join Up Dots business coaching podcast.
He is a man who unusually for most of the guests who we interview appears to have a nice neat journey to where he is today.
In fact it almost appears a game of two halves, with the first half finding his true self, by working for the man as a Fund Manager, and the second becoming the on-line Financial Mentor at Financialmentor.com.
But this probably would be a bit simplistic.
But it is true that at his core he had an entrepreneurial spirit running through him.
He knew what he wanted from his life and worked constantly towards that, allowing him to retire at the age of 35.
And this is the fascinating part of his life.
From effectively saying job done, that’s me finished he now appear busier than ever, with coaching, on-line courses, training and a myriad of other forms helping his clients achieve the same standard of life that he has.
He is doing the fun stuff, that he is very very good at and loving his life
How The Dots Have Joined Up For Todd
He has become a millionaire by providing massive value to the world, and now has the life that he wants.
As he says in his own words “The reason I choose an ordinary but comfortable lifestyle is because I prefer to build net worth instead of overhead so I can enjoy freedom instead of flash. I didn’t pursue wealth so that I could buy everything I wanted:
I pursued wealth so I could do whatever I desired, and be whatever I was capable of being. I value experience over stuff.
I’ve never wanted the mansions, private jets, flashy sports cars, and other encumbrances that the get-rich-quick gurus try to sell you on. I’m too environmentally conscious to consume at such a wasteful level. Besides, that is the mistaken pursuit of material wealth as a substitute for happiness. It doesn’t work.”
So do the dots in his life join up as neatly as they appear or are there many trials and tribulations leading to where he is today?
And does he see now that the quickest route to success is not through the bank account, but in fact a deeper understanding of one’s self?
Well lets find out as we bring onto the show to start joining up dots, with the one and only Mr Todd Tresidder
During the show we discussed such weighty topics with Todd Tresidder such as:
How he recalls being stuck in traffic one day and just knew that it was time for a complete lifestyle change.
Why he feels it is so rare that you will find someone that celebrates other people’s successes with absolute delight
Why solving puzzles is an inherent part of what he is, and helps in all aspects of his life.
Why the dream that he achieved as a young man left him flat and he realised that he needed to achieve deeper growth to finally grasp the dream.
Todd Tresidder Books
How To Connect With Todd Tresidder
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Full Transcription Of Todd Tresidder Interview
David Ralph [0:00]
Do you have a business that can’t get going or would love to create your own one that works whilst you sleep and is built around the things you love? Well, podcasters mastery is the place to go to learn the six simple steps to create a business that flourishes connecting with thousands of customers that tell you what products they want. podcasters mastery is the online route to business success. Check us out now.
When we’re young, we have an amazing positive outlook about how great life is going to be but somewhere along the line we forget to dream and end up settling and Join Up Dots features amazing people who refuse to give up and chose to go after their dreams. This is your blueprint for greatness. So here’s your host live from the back of his garden in the UK. David Ralph.
David Ralph [0:48]
Yes, hello, everybody. Hello there. I nearly jumped in before the music even finished. I’m eager to go today. I haven’t done any recording for the last couple of days. And I actually haven’t done any Work for the last couple of days I’ve just switched off. And I didn’t realise that I needed a break as much as I now feel because I feel ready to go and I feel ready to deliver a powerhouse show. And we’ve got a guest on the line who is one of these kind of guests whose names been floating around Join Up Dots for everyone a day. So it’s an absolute delight to get him on the show. Because he’s a he’s a man who unusually for most of the guests who we interview appears and I only say appears he’s probably gonna contradict me on this, to have a nice neat journey to where he is today. In fact, it almost appears a game of two halves, with the first half finding his true self by working for the man as a fund manager, and a second becoming the online financial mentor at financial mentor calm but this probably would be a bit simplistic, but it’s true that at his core, he had an entrepreneurial spirit running through him. He knew what he wanted from his life and work constantly towards that, allowing him to retire at the age of 35. Do the young man and this is the fascinating part of his life from a Effectively same job done, that’s me finished. He now appears busier than ever with coaching, online courses, training, and a myriad of other things that he uses to help his clients achieve the same standard of life that he has. He’s doing the fun stuff, the stuff that he’s very, very good at. And it seems to me loving his life and he’s become a millionaire by providing massive value to the world, and now has the life that he wants. As he says, In his own words, the reason I choose an ordinary but comfortable lifestyle is because I prefer to build network instead of overhead so I can enjoy freedom instead of flash. I didn’t pursue wealth so that I could buy everything I wanted. I pursued wealth so I could do whatever I desired and be whatever I was capable of being I value experience over stuff. It’s always the stuff that gets in the way. I’ve never wanted the mansions private jets, flashy sports cars, and other encumbrances that get rich quick Guru is trying to sell you on. I’m too environmentally conscious to consume it’s such a waste board level besides Is the mistaken pursuit of material wealth as a substitute for happiness. It doesn’t work. Now this is going to be a great episode. So do the dots in his life join up as neatly as they appear, or there are many trials and tribulations leading to where he is today. And does he see now where the quickest route to success is not through the bank account? But in fact a deep understanding of oneself? Well, let’s find out as we bring onto the show, to start joining up dots with the one and only Mr. Todd Tresidder. How are you sir?
Doing good to great, David. That was quite an intro there. Thanks for having me on the show.
David Ralph [3:34]
It’s that delight to have you and did I get the name right. I glanced down and I wrote it out phonetically because beforehand, I said, How did you say it and you gave me a third option? I wasn’t expecting. So was that right?
Todd Tresidder [3:45]
Yeah, you got it? Right Tresidder.
David Ralph [3:47]
So where does it come from? where’s where’s that name come from?
Todd Tresidder [3:51]
Scottish coal miners descent. I’m a mix but the name itself is from Scottish coal miners is what I’ve been told.
David Ralph [3:58]
So sort of many generations. Back is not so parents.
Todd Tresidder [4:01]
Yeah, not all that many back. It’s a few back and then they immigrated into California and went into a little town of Mariposa where they did gold mining. So it was part of the California Gold Rush days.
David Ralph [4:15]
So why would they do that? Why would they leave so of Wales and Scotland and go to California and beaches? I can’t understand it. Why would they have done that?
Todd Tresidder [4:24]
Ah, I have no idea if I could go back and interview them. I’d certainly know more. But they’re long since gone. And I have no clue.
David Ralph [4:31]
So you aren’t in Reno, Nevada. I understand. That’s correct. Which is the kind of little sort of Las Vegas it’s the place that people sort of skip by but I’ve actually been through it
Todd Tresidder [4:43]
close close but not quite it’s it’s an outdoor recreation Mecca. A lot of people think it’s a little version of Vegas, but it’s really not it has a totally different character to it.
David Ralph [4:53]
Truly, and it felt like a mini Las Vegas it seemed like a mini Las Vegas to me, is it not that
Todd Tresidder [4:59]
well. Got a little tiny gambling casino area and that’s where the similarity comes in. But the difference is we’re on the backside of the Sierras, we’re at 5000 feet elevation, and we’ve got outdoor recreation. We’ve got the Truckee River for kayaking, we’ve got mountain biking, distance running, cycling, it’s just getting snow skiing. It’s wonderful outdoor recreation lifestyle here.
David Ralph [5:27]
And is that a part of what your life is all about? Now, have you did you grow up in that area? Or have you transitioned across to that area? Because you you like experience over stuff as you say,
Todd Tresidder [5:40]
yeah, yeah, actually, it’s the latter of the two I grew up in the San Francisco Bay area but you know, I’m I’m not a fan of living in the big city anymore. just doesn’t work for me. I’m I like the smaller city where you get the comforts of a city the culture of a city but that you get the not the crowd. In the dangers in crime and things like that, and so Reno’s just that nice balance. You know, we’re three hours, four hours from San Francisco, just over the Sierras. So when you want the big city, it’s there for you. And it’s got just enough here, but not too much. It’s just a real good balance.
David Ralph [6:18]
So So when did the change hit you? Obviously, you’ve you’ve been in the city, you’ve had a kind of corporate career, and now you’ve gone 360, it seems,
Todd Tresidder [6:29]
was essentially always, but it’s kind of a funny story. I was living down in Los Angeles. I, my degree is from UC Davis, but I finished up at UCLA. So I was down in Los Angeles. And I was stuck in a traffic jam on the Pacific Coast Highway and I had a girlfriend at the time and she was talking my ear off and being negative and complaining about everything going on and the traffic was horrible. And it was right in Malibu on highway one, you know, classic Malibu. I’m just sitting I just looked over and I said, I’m moving to Lake Tahoe, which if you don’t know Lake Tahoe is right out the back door of Reno. It’s just up the hill from my home. In so that’s where I originally moved to was Lake Tahoe and then I came down to Reno once I had children. But, uh, I just looked at her and said, I moved to Lake Tahoe, and right mid sentence and she’s like, You’re what? I said, I moved to Lake Tahoe. And she said, when I said, Well, I’m gonna go up there next week and rent a place and I’ll move the following week. And I did. And was that
David Ralph [7:29]
sort of real? No. Yeah. Oh, what are you very spontaneous?
Todd Tresidder [7:36]
No, I had vacation up in Lake Tahoe. As a kid. I always loved it. I’ve always loved the outdoor recreation lifestyle. It’s part of my soul. It’s who I am. And so, you know, we’d come up here and vacation, his kids. And at the time I had the hedge fund business. We were very successful. And I was working remotely so I could work from anywhere. And the thing about Nevada is there’s no quotas. There’s no income tax. Whereas California you’ve got it’s a very high income tax state. And so I figured out that I could improve my lifestyle and, and reduce my expenses. And I was essentially living on less than the income tax savings when all was said and done, because I had a very high income at the time. And so I just kind of looked at and said, Why am I living here? This is crazy. You know, I’d moved down to LA just to finish up at UCLA, and I was enjoying the crazy outdoor lifestyle, the big city, I’m sorry, the crazy nightlife lifestyle, the big city is young man dating and everything. And it was good for a while. I mean, I enjoyed it. But uh, it was time to move on. It was time to go on to the next stage of life. And so I just kind of had that realisation then and it was something I’ve been thinking about and listening to her complain just kind of pushed me over the edge.
David Ralph [8:47]
He his life is I was having a conversation with my wife and I was doing a little bit of work a couple of days ago, and I was listening to this podcast. And there’s there’s a podcaster out there who’s doing extremely well for himself. And I salute you, sir. You know who you are. And he lives in San Diego. And it’s a lovely place. He’s got a lovely sort of apartment looking over to see everything’s great in his life. And whenever anyone says are you must be really loving it. He simply says something like, Yeah, well, we all make the right choices. And he believes that life is all about making the right choices at the right moment to push you to where you want to be. Do you see that in your own life? Is it about a series of choices that you’ve done? Or has there been a kind of a tide, but it’s just moved you gradually to somewhere?
Todd Tresidder [9:35]
I think it’s a mix of both. I think it’s a matter of stepping up to the plate and grabbing the choices when they’re in front of you. And I think that there’s a certain amount of creating your own luck, and getting in tune with what’s truly inside of you. So for example, the investment strategy stuff and the things I developed for the hedge fund business. Were kind of unique to me. I mean, it was just a strange twist. Perception around investing that I had. It was not common at the time. It’s much more common now, but it’s still not. It’s still not totally common. It’s just more common. But I was one of the early pioneers of what would be known as quantitative risk management systems. You know, it just I just looked at investing as a numbers game and it was in so you know, you, you start to become attuned to what’s true for you. But then you have to blend that in with life and make smart choices, too. I think it’s really a combination of both.
David Ralph [10:33]
So do you think you were always going to be successful? If you look back on your life? Where was it kind of destiny? Or have you got there by hook or by crook? So muscle flexing everyday?
Todd Tresidder [10:44]
Well, you know, if you talk to friends and family, they’d say, Oh, we always knew you’d be successful. You know, you’re always like a little gay, young Jay Paul Getty kind of thing. So if you talk to them, it’s, they say, with perfect hindsight, they always knew I’d be successful. But if you asked me, I’d say Heck, I had no idea I was, you know, always being hard working and persistent, and really putting out the effort. And I always felt like I was one edge away from disaster, you know? So for my perspective, it never felt certain. But if you talk to friends and family, they’ll tell you Oh, yeah, that was Todd Tresidder you know, he was on his path.
David Ralph [11:22]
That now that’s fascinating, because I find time and time again, the people I speak to, will evidence their families, as the people that hold them back the people that sort of say, oh, why don’t you play safe? Why don’t you get a job in a bank? Why don’t you do the kind of stuff that I understand?
Todd Tresidder [11:40]
Well, let me be clear, though, that would be true here also, but now in hindsight, they all say they all knew I was going to be successful.
David Ralph [11:47]
Well, that’s my point. So in the early days, they, although you had an entrepreneurial spirit running through you, but he was still the same as everybody else that sort of wanted to rein that in somehow. Well,
Todd Tresidder [12:00]
Except that I don’t think people actually consciously want to rein it in what it is, is I think it’s very hard for people to look in the mirror. When they’re acknowledging what you’ve accomplished. In other words, your comp. A person’s accomplishments can make the lack of accomplishment in their own another person’s accomplishments can make the lack of accomplishment in your own life glaring and difficult to digest or didn’t difficult to accept. It’s the rare person that can genuinely rejoice at someone else’s success. That’s not all that common.
David Ralph [12:38]
And are you one of those kind of guys, can you rejoice? Me? You are totally right. I love I love
Todd Tresidder [12:45]
watching other people’s success and I love helping people succeed. I’ve been through so much, you know, both ups and downs that when I see somebody else to see I know where they’re at, and it’s wonderful and I love being a part of it. And I love journaling
David Ralph [13:00]
So that that really is more your essence men. And so now with the financial mentor and obviously training people to change their situation that plays to your strengths and your personal values more than the hedge fund manager.
Todd Tresidder [13:15]
You know, there are different parts of me. They were different parts of me. And that’s what made the transition in life so valuable and why it was the next step for me. So like, you know, the whole hedge fund stage was a part of my life where I was trying to figure out I was fascinated by the idea of Could I engineer a money making machine out of the financial markets? You know, could I actually figure out how to engineer this process and do it with mathematics and statistics, and my investments professor told me it was impossible. You know, various people told me it was impossible, but I just looked at it and seemed obvious to me and usually when I see something and it seems really clear to me, I’m usually right. You know, it may take me a few you know, hurdles to clear to get there and this certainly did, but I’m usually not wrong if it seems like abundantly clear. And so this was just one of the things that looked obvious to me. Everybody told me it couldn’t be done. And that only fueled me even more. And so I went off and did it. So that was one whole stage with this idea of engineering, an investment profit making machine, which, you know, that’s where the whole hedge fund research part of the business came in. And that’s where I was I was focused. Once I got to a point where I understood the game and I understood how the markets worked. I was done. You know, I felt like it was kind of like, you know, the 8020 rule or whatever. I mean, I felt like I gotten what I came there for. What I didn’t know at the time because I was still young man, as you pointed out, I was 35 back then I’m 5554 now. So 20 years ago, I I didn’t understand back then that I had a really high value on personal growth that that’s a core value of mine. And so while I was developing all this while I was learning while i was growing, it was a fascinating puzzle I was putting together I absolutely loved it once I’d figured it out, and I looked at it and I said, Well, I could spend the neck the rest of my life doing this. And all I would do is figure out how to make my rich clients another percentage point or two richer, you know, it was like, you know, I could work at this and I could tweak it and I can improve fundamentally, I’d figured out how the game worked. And so at that point, I was done. I lost all happiness in the business after that, which was really bizarre because on the surface, my life had it. Perfect. You know, I had a fat income I had a lot of time freedom. I was living in Lake Tahoe. I was a single man with a condo down near the water in a water ski boat. You know, all the things that people you know, fantasise as the perfect life. But I had a core value wasn’t being honoured. And that was personal growth, you know, and that was what set up the next stage.
David Ralph [15:50]
Do you do love doing jigsaw puzzles?
Todd Tresidder [15:53]
Actually, no, because they strike me. I love puzzles and I love and you know analysing and figuring things out and putting together but a jigsaw puzzle itself just strikes me as an absolutely amazing waste of time.
David Ralph [16:07]
Well, yeah, it is, but you do strike me as somebody that’s out to figure stuff out. But that’s your that’s your call your essence.
Todd Tresidder [16:16]
Yes, absolutely. And that’s you’re dead on correct. But a jigsaw puzzle doesn’t satisfy that I’m, for me it’s like understanding a much bigger game or figuring something out. It hasn’t been figured out yet. You know, it’s got to be challenging. a jigsaw puzzle is like a pre setup prescribed thing and it’s all visual. It’s not really mentally stimulating in my experience. Anyway,
David Ralph [16:38]
I love a good jigsaw puzzle. I actually don’t get them out now because then I will lose every time I walk past the table. I will just do a piece I won’t do another piece and then I’m sitting there for hours I yeah, it drags me in. So we’ve you looking at puzzles and trying to put things together. It’s not a surprise that you went from the finance side to actually Fixing the puzzle in yourself, and then taking it further to your clients isn’t it seems like a natural progression.
Todd Tresidder [17:08]
It is in hindsight as all these things look like in hindsight at the time it was anything but obvious. I came out of the hedge fund business. And my first fumble after that was I went because I’ve seen this a lot with coaching clients as well is you think your natural progression has something to do with your prior move, and it does, but it’s it’s usually not obvious. So like, for me the The next step was I did due diligence for a hedge fund fund to funds because I’d spent so much time developing trading systems and algorithms and things like that. I was a natural for digging deep into the due diligence of other managers and figuring out who was legit and who was not. So I went down that path and it was absolutely miserable. It wasn’t satisfying in any way it didn’t work out. I ended up losing a bunch of money in the process two through a whole different storyline on that. So it was just this classic thing of falling the wrong path in the universe did everything in its power to get me off that path. And so I fumbled several times. You know, I did some more travel. Did you know five months with my wife travelling around Europe and in Turkey and Middle East and stuff. And then I fumbled the hedge fund fund of funds then said, well, let’s hit the road again. So then travelled through we spent a month in Thailand and Burma and you know, all that down through there and then came back. And I just kind of fumbled into financial coaching. What happened was some, some business contacts were trying to do. I don’t know if you remember the author Robert Kiyosaki? Yeah, with my poor dad. Yeah, yeah, I had some friends who were connected with him and they were looking to put together an early version of, you know, rich dad’s coaching programme, and they knew me and so we all got introduced and Robert and I hit it off because Robert was coming from the real estate stateside trying to get into hedge funds I was coming from the hedge fund side and reinvesting my assets into real estate. So it was like we were crossing paths middle of the road. And so I was supposed to be like the financial brains that developed the curriculum. Now I have nothing to do with the current rich dad’s coaching programme. But what happened was in order to build the curriculum for the for the programme we’re playing with, which never came to fruition, it all got shelved by lawyers. And so it all got thrown away and then years and years later, they formed what is the current Rich Dad coaching brain, which I have no relationship with whatsoever. But anyway, you know, I was supposed to work on the curriculum. And so I took a whole advanced coaching programme, just a curiosity, just, you know, I just did it as part of learning, you know, how are you going to do all this coaching and what is coaching like, and I fell in love with it. It was a whole different form of communication. It just took my ability to communicate to a whole nother level through developing coaching skills. And it turned out I was actually really good at it. Like I was A real standout student in the class and everything. I just kind of took a liking to it came back. And about that time, the whole plan we put together fell apart. We had too many egos in the room, we had lawyers who were pushing it and having problems with how it was getting put together, and the whole thing just fell apart about the time I got excited by it. And so I went off and did it on my own. Well, I’m
David Ralph [20:22]
gonna play some words now and we’re gonna vent Delve even more into this moment of your life but you you became the financial mentor. But this is Jim Carrey,
Jim Carrey [20:31]
my father could have been a great comedian, but he didn’t believe that that was possible for him. And so he made a conservative choice. Instead, he got a safe job as an accountant. And when I was 12 years old, he was let go from that safe job. And our family had to do whatever we could to survive. I learned many great lessons from my father, not the least of which was that you can fail at what you don’t want. So you might as well take a chance on doing what you love.
Todd Tresidder [20:57]
Now, that’s my way I know where that’s From that’s from his commencement speech he gave at that University.
David Ralph [21:03]
He certainly said, Yeah, absolutely. Those words you buy in to them?
Todd Tresidder [21:09]
Do I buy into what he said?
David Ralph [21:10]
Yeah. Do you buy into that?
Todd Tresidder [21:12]
Oh my gosh, 100% Yeah, you’ve got to go live your dream. I mean, you got to go for it in and you’re, you know, you’re going to die, every all of us are going to die. You know, we’re all on the same path. It’s just a question of timing, right? We all go to the same destination. And so, yeah, while you’re here, go for it. I mean, why not? You know, it’s you just got to live when I give you a quick story we had, we had a very popular and successful doctor here in town. And he took risk on a business that was very important to him. And our families were close friends because his grandchildren were in school with my kids and stuff like that. And so I got to Spend some time with him when it really got edgy. And he said, You know what, if I end up living underneath an overpass, a freeway overpass, then I guess that was what I’m supposed to do with my life and it’s okay. Like he was totally ground on. And then shortly after that he got cancer and you should have seen him. It was a very rare form of cancer, and it did kill him fairly quickly. And you should have seen the noble way with which he pursued. You know, he advocated for his own healthcare. He knew the problems with the healthcare system in the US, which is well documented, well understood. He advocated for his own healthcare, he said his kids up for the point when he wouldn’t be able to do it so that they understood what they need to do. And I mean, he just did his absolute best, it was noble all the way to the finish line. But he was a great example of a guy that just went for it, continually went for it and tried to live his dream and just accepted how it went.
David Ralph [22:49]
Now I do a lot of coaching and one of the things that we do first of all, is to get people to realise that it’s an easier way of doing things to try lots of stuff to find the things in you love. By being in a crappy existence thinking about the thing that you love is just gonna materialise in front of you. Now you stumbled and fumbled as you say into your thing. Do you buy into that as well? Do you think it’s a better route to just try stuff and get off your backside and experience live?
Todd Tresidder [23:20]
Well, it’s close let me clarify a little bit. You have to take educated guesses you have to take logical next steps and you have to manage risk along the way. But if you don’t take action you don’t step out nothing happens you know, if you if you look at regrets, you know, like for my sermon on the mic later on, if you look at regrets, I mean, it’s the one thing you’re gonna end up playing with is all the things you didn’t do. You know, that’s true for me, right. So even though I I’ve lived adventurously I’ve done a lot of really cool stuff. There’s a lot I you know, if I could go back I’d go for it even more than I did. So you have to the key things here are take intelligent next steps, don’t just be a wacko about it and always manage your risk. You know, you want to you want to manage the downside risks. So there’s certain intelligent moves you can make that don’t carry a whole lot of downside risk. They’re just time. And there’s other ones that can really jeopardise your future and you have to be very strategic about them. And so I’m not advocating being a blind fool, but I am advocating getting getting off getting going and make it happen kind of thing like just take action. Take intelligent action. There’s a great concept out of Buckminster Fuller, it’s called precession. terrible word, right? Because it’s not, it’s not really descriptive. But to give you an analogy of the idea, you if you drop a pebble into the water, which way to the waves go outwards? Yeah, they go outwards it what 90 degrees to the path of the pebble right? And then they hit the boundaries of the container and then they go back to their source. And that’s the way it works in life to that is you step forward into life boldly and courageously and pursue whatever it is that motivates you to go for it. What will happen is stuff changes, things happen, you know, those waves bounce out, it’s like you’re making waves in the world. It’s like the famous butterfly effect. And those waves will come back to you. And if you don’t step out, the waves never begin happening. And so the path you could end up if you had the courage and the boldness to step out, the path you end up on is going to be different than the path you would end up on if you just tried to intellectualise it. Because you can never, you know, fabricator make those waves happen without taking the action.
David Ralph [25:44]
So how do you take action? How do you you’re laying in bed at night and you’ve got this thing and it’s been sort of stirring around in you for a week or so and you know, you’ve got to do it. It’s scary time. How do you overcome that and actually fought your way through
Todd Tresidder [26:01]
I just put together a plan for it. If it’s scary, it’s actually a good measure, it’s probably indicative of something you really should do. A good friend of mine, Pat Flynn from smart, passive income, calm, you know, that’s one of the things he’ll measure is the level of fear it invokes in him, whether it was public speaking or video or whatever the next steps were in his business, he would always go towards the one that was scariest. Because that was a measure of something that was another path of growth for him and clearly a next step for his business. So I would put together a strategy, I would look at the risks, I would look at what the fears were, you know, like here, I’ll give you a great example. Okay. When I went for with financial mentor, I was extremely fearful. I didn’t want to do it, right. I mean, it was actually almost on a dare for my wife, where, you know, she’s just got to I used to be in conversation, because what I did was pretty unusual, you know, being financially independent age 35. It’s kind of weird, right? Not real common, and people would want me to explain how to do it and they want Hots. They But they asked the wrong questions. they’d want hot stock tips they want. They didn’t even know what to ask. Right? And so I got in the habit of just kind of doing bluff answers and just, you know, being a little standoffish and just kind of getting away from the conversation whenever I could, I really didn’t want to cover it. Because there was so much depth to it, there was so much to get into around how you pull this stuff off. And, you know, they weren’t even asking the right questions. And one day, my wife just said, you know, you spent a lifetime figuring stuff out and it worked. And the way you did it was totally different from how people teach it, why don’t you do something with it? You know, and I so I started financial Minar and I promised myself something. And this is this is answering your question, a very long version here. I promised myself that. If it ever got ugly, my fear was that people would attack me publicly. And I didn’t need it. Right. You know, because my a lot of my ideas are unconventional, not standard. You know, it’s not the way financial advice is commonly taught. I teach very contrarian ideas and because they work in They work for me and they work for my clients. And so that’s the basis by which I judge them not whether they’re conventional wisdom or not. And so I was very fearful that I was going to get attacked a lot, particularly from the financial advice profession, but it’s never gone that way. But the way I did it, the way I got going, and I overcame the fear was I said, you know, what, if it ever gets uncomfortable, if it ever gets ugly, I give myself permission to turn it off. And that immediately switched something in my head. The fact that I gave my permission, gave myself permission to walk away from it and shut it down. If it ever attracted a lot of negative stuff, was just enough for me to go ahead and build it, knowing that I could walk away if I needed to, and of course, it’s never gone that way. I mean, I’ve since learned that you know, 95% of the people are good. And there’s about 5% of the people that are truly wack cases, you know, and I’ve just learned to deal with that. Now that you know, there is negativity and there is stuff but it’s it’s 5% most people are really appreciative and recognise a genuine attempt to help
David Ralph [29:00]
So if we take you back, obviously your career sort of in two parts, but you hit that that fixed age 35 when you achieve the dream, basically, it was it wasn’t everything that you wanted, or did you look at it and think, well, it should feel better than this, but it doesn’t travel is great for a while. But hang on, there’s got to be more. Were you disappointed about this sort of dream didn’t fulfil you somehow.
Todd Tresidder [29:26]
Now, you know, it’s almost like the classic story of the retiree. Like it was everything I thought it would be for about two to three months. Right. You know, like when you hear about retirees and they’re just really happy for playing golf and reading novels every day for about two or three months and then they get restless. I can remember when we sold the company, we sold the hedge fund, which was the final nugget that threw me over the top. And I was driving over the top. I was living at Lake Tahoe at the time, and I was my assistant who was living down the Carson Valley which is basically over the mountain. So I was driving Or the mountain. And I was literally at the top of the mountain both, you know, figuratively and, and realistically as well and I, I was looking out over the valley and just on the top of my game, and that was literally the top it was all downhill from there. I gave the computers to my assistant drove back home began doing some travelling and then I fumbled with that hedge fund fund of funds. I told you about how a few more fumbles had to go through a long period of personal growth to really understand what was going on with me, you know, why was it that I hadn’t made and I’ve done all these great things. And I was a miserable cost, right? And I had to and I’m exaggerating, I wasn’t a miserable cost, but I certainly wasn’t living the dream like so many people want to talk about right? And it took me a while to really sorted out and really get to understand where happiness comes from. And I soon found I wasn’t unique, you know that this is, you know, working with coaching clients and seeing because my kids go to private school and stuff. I see a lot of wealthy couples, some of them financially independent, don’t have To work, and so I’ve really seen the patterns and it’s pretty universal. It’s part of the human makeup.
David Ralph [31:05]
So when you are walking through a shopping mall, for example, and basically you could buy anything one. Do you look at other people because I I basically, I don’t wear a watch. I don’t have a phone. I don’t wear any jewellery. I don’t wear sort of anything and my kids think I’m the hardest person to buy for at Christmas. Because basically I just don’t really want anything. Are you like that? Can you cuz you can just buy what you want basically, are you the world’s worst person to buy a Prezi for?
Todd Tresidder [31:34]
Well actually, that’s, that’s a known characteristic. When you can have everything you want. You’ll be surprised to realise that you don’t really want much. And so yeah, like if you looked at me right now I’m sitting here in a T shirt and jeans, casual shoes, and my watch. It’s not a cheap watch, but it’s certainly not a Rolex or anything. It’s it’s multifunctional. I own one single watch. I’ve had it for probably 10 years, maybe longer, probably longer. it you know goes in water but it also functions as a dress watch and I just, that’s all the watch I need. It tells time What do I want it? You know, I don’t wear jewellery I don’t, except for my wedding ring I got my wedding ring on. And I have most of my sports equipment, which is what I play with, you know, I got my bikes. And even that, you know, like, I don’t have fancy new bikes, I got really high quality stuff from years ago and I’m perfectly happy with it. I just I’m really not all that attached to this stuff. It’s it’s not what makes the difference.
David Ralph [32:30]
But he said the key thing, bow when you get to the point that that stuff doesn’t matter. Does that mean that you are happy? Or are you still looking for something? Because you know, if you see a lot of these guys, you get the astronauts that go up onto the moon and then they find religion and then you get the multimillionaires but end up, you know, living on a mountain trying to find themselves is that how life should be? Do you get to realise that there’s no struggle
Todd Tresidder [32:59]
no Though there’s struggle My gosh, I don’t want to pretend I have no struggle that would be an outright lie. What
David Ralph [33:06]
went up? What’s that? What do you struggle that man?
Todd Tresidder [33:10]
Oh, I’m struggling at building this business. That’s what’s so exciting about it that since the point is that, you know, people, people think that struggle is a bad thing. And I wrestle with this. Okay, so let me give you something I’m still working with. Here’s the idea that, imagine a football game and you can take European football you take the American version doesn’t matter. It’s the same idea. Imagine a football game where there’s no opponent. Like, it would just be so boring, right? The other team would just marched down the field and throw the ball in the goal and bam, we’re done. Right? It’s the struggle that makes the game interesting. If you read a novel, what is it about the novel that makes it so compelling? It’s the conflict. At the core of every story is conflict. At the core of every life worth living is conflict. It’s struggle. That’s what makes the game interesting and compelling. So here’s how you know that’s true. And it’s not just some gobbledygook on thrown around, look back over your life and think about the victory that was easily won. Like, try to even remember a game where you beat another team 42 to zero, you just marched all over him, like, how satisfying was that victory? Not, right. I mean, your team was so more advanced than the other team. You wiped him off the map, it wasn’t even a big deal. Or you can take if you’re a chess player, how you wiped out some kid, right? That wasn’t any good or whatever it is, if there’s no true opponent that challenges your skill and ability, it’s not satisfying. Think about the most satisfying victories you’ve had. And at the core of each one was where you overcame struggle, and took yourself to a higher level and achieve victory. And so, you know, I struggle with that because, like, I mean, humans, I guess, essentially, we just want it easy. I don’t know what it is. is about humans. But yet if you really look at what’s satisfying and fulfilling, it’s in the struggle, it’s in the challenge. And so you have to develop a pattern of embracing that conflict, embracing that struggle and going for it because it’s worth living.
David Ralph [35:16]
Well, you’ve taught me the how essence of Join Up Dots very, very well that your dark dots are more often than not the ones you look back on. And you go, thank God for those that that was a real difficult time, but it’s moved me on to the next point.
Todd Tresidder [35:30]
Oh, yeah, yeah. I mean, I could have had the cushiest life in the world. I could just sit in the hedge fund business. You know, I mean, I would have made fat money and just I could have kept my company. I didn’t have to do all this stuff I’ve done. These are all struggles and they haven’t paid me squat compared to what the hedge fund business would have paid me. You know, but I look back on that and go, Oh, my gosh, if I had stayed in that industry for the last what would have been 20 years and done nothing more than figured out how to add another percentage point or two. I mean, I’d probably have a massive drinking problem, I’d be overweight, I’d probably be divorced. I mean, I’d be a miserable Gus, if that was the sum total of my life because basically, I would have prostituted the health, the health and time I had on this planet, all for the sake of money. You know, that would be the only reason I would have stayed there was just for the money. And that, to me, that’s just a prescription for misery.
David Ralph [36:25]
Well, it is but if you talk to most people who aren’t in a job and they don’t like it, the fact that you’re saying and I will put my hands up and say the same but it’s a hell of a struggle to to get something going. There’s no get rich quick scheme. If you’re doing it right. You’ve really got to grow the foundations in the first two or three years basically almost kill you until it starts getting easier and easier and easier. And now, you know, I’ve been doing this show. We’re coming up to 500 episodes. I’ve got a lovely life. But at the beginning, it was truly dread boys. I’ve spoken many, many times, but the people People who want to transition, they want to go from A to B. They don’t want those struggles Do they? They want to see that it was easy petard? No, it wasn’t No, I don’t care about that. I’m not gonna listen, it was easy for Todd Tresidder. Is that a problem that we have in today’s society that people aren’t willing to really go? Yeah, this might take me five or six years bar is going to be worthwhile at the end?
Todd Tresidder [37:21]
Well, the whole reason they have to say it was easy, but I get it all the time. Is it most Busey, Todd Tresidder, right? I get that all the time. And it must be easy for you, you know, and, and what they’re really saying is they have to put it in a box because they can’t own up that they didn’t have the courage to go for it. And so the only way they can put it in a box and say, Oh, it’s easy for Todd or Todd’s different or Todd Tresidders unusual or David Ralph is unusual or he he made it easy. You know what you got to do it by you, not you but I’m talking to the listeners now is just, you got to go for it because you got to go for it. There’s no reason Other choice in life. Like, I’ll give you an example of how I committed to the path of building wealth when I was still in college, I was at UCLA. And this whole concept is commitment. That’s what I’m trying to communicate here. So like you were saying, like, when you were talking, David, you’re saying about how it was hard for a couple years, but then it got easier. And you know, I’d say listener, I’d say, if if you’re going to do it own up that it can be hard for a couple years, and then it can get harder and then it could fail, and then it can get harder still, and it may never work out. And if you can own that and say, but at least I tried at least I live my life. If you can do that, then go for it. So what I try not to do I try not to set people up and say on the backside is a rainbow. Yeah, there can be Rainbows, but there can also be failures too. And so I’ve never, in all my work with clients ever seen somebody regret going for it, and I’ve seen some people fail miserably. I had a client. And this was a there’s a wealth building client. But as part of this, she wanted a strong relationship. And she had attached this one guy. And so they went for it. And it completely blew up and completely failed, right? But at least it released her to go on to the next relationship, which did result in marriage. She had this like really kind of, it’s too much to explain. The point was, she went for it, it went down about as bad as it could have gone. It was horrible, went down in flames, right. And I was concerned, and she came back and she was so appreciative and so thankful because it was finally all released. She had gone forward. That whole du Loup she had been in was complete now. And she was clean and ready to go on to the next step in life. And she was totally thankful despite it going about as bad as it could have gone. And so that’s where you really want to go is just to recognise, this is my next step in life. My life is never going to be complete until I play out that Doom loop in my head that I’ve been repeating for 10 years because I want to do it. Don’t have the courage to go for it. If you’re stuck in that de loop, you have no choice because you’re gonna be in it until you live it.
David Ralph [40:07]
Absolutely stay young stay foolish as Steve Jobs once said, I think and I’m gonna bring the man himself onto the show now, because he said these words back in 2005 and created the whole show, which is Join Up Dots. This is Steve Jobs.
Steve Jobs [40:21]
Of course, it was impossible to connect the dots looking forward when I was in college. But it was very, very clear looking backwards 10 years later. Again, you can’t connect the dots looking forward, you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something, your gut, destiny, life, karma, whatever. Because believing that the dots will connect down the road will give you the confidence to follow your heart, even when it leads you off the well worn path. And that will make all the difference.
Todd Tresidder [40:56]
Now you’re gonna guess again, that’s a Stanford Serving speech right after commencement speech. Yeah, absolutely.
David Ralph [41:03]
You can’t beat it. So you have a man that obviously follows his heart, and you will go off the well worn path. Has that always been the case? Even as a small child, were you somebody that would strive to do things? And do your own camps?
Todd Tresidder [41:19]
Yeah. And it got me in a lot of trouble too.
I suppose I was more reserved as a child than I am now. And that was part of you know, what I’ll say at the Sermon on the mic is because, you know, I wish I’d been more courageous younger. So yeah, there was a part of it in me. But I don’t I don’t think I ever gave it the full form I should have given it. You know, it took me years to become grounded enough and confident enough in my personal self to step up to the plate and go for it.
David Ralph [41:57]
So what was your big dot ven in your Live when you look back on it when he really started moving in the direction that you imagined,
Todd Tresidder [42:06]
I don’t, you know, I’m not real good with superlatives, dude, it to me, there was no one big dot, you know where suddenly you know like the Epiphany dog or anything like that. I don’t have one of those that I can recall anyway.
David Ralph [42:20]
But it seems to me that you did have one that that moment that you realised that actually self development and personal development was so important because that ties everything together now, doesn’t it?
Todd Tresidder [42:33]
It’s a theme that runs through and there’s other themes that run through, you know, we’re made up of a grouping of values. That’s a set. I’m not real good with surprises where I can say, Oh, it’s this one theme, and Todd Tresidder’s all about personal growth. No, you know, part of my days, committed to personal growth part of my day is committed to health, you know, relationships, financial success, I mean, there’s all these different values that I’m honouring throughout the Day through my actions. I can’t I can’t I’m I can’t say it. There’s just this one that is the dot that drove it all, you know? So So what is your day? Like?
David Ralph [43:09]
Can you sort of lay in bed till lunchtime? Or are you driven to get up early and work till the wee small hours? What How do you operate?
Todd Tresidder [43:18]
Now I’m not a late night guy. I’m an early morning guy. So like My day starts at 545 unfortunately, do use an alarm because my daughter has my eldest daughter has to be a high school by seven in the morning. And so you know, my wife and I alternate days making breakfast for the kids and getting them off to school. And then on the day, you’re not doing breakfast and getting kids off to school is your workout day. So every other day is a workout day and every other day is family day getting the kids off to school. And so we alternate that that’s the morning routine. And then I work while the kids are in school. And then sometimes I get to work when they’re out at school because my wife would be running them around to their activities or whatever. And then the family time An evening. So I lead a pretty mundane life. It’s not it’s you know, I can’t tell you about boarding the the corporate jet and doing amazing things. I do vacation, about three months out of the year, some years a little less, some years more, some years have been as much as four months. So I’ve vacation about three months a year, which if you know, Americans, that’s a lot. I know, it’s not as big of a deal over in Europe or Australia or whatever. But because I do travel, and so have some awareness of that. But for Americans, that’s quite unusual. And so vacation mostly when the kids are at school, it’s really driven by the kids school schedule. My schedule in my life is driven by two things, the kids school schedule and the time I dedicate to the business. So when I work, I work really hard. I’m very focused. I close the door to my office and the family knows that unless there’s a fire or, you know, life threatening emergency, don’t interrupt. And, you know, I’m very focused on I sit down, I work I like what I’m doing. I love what I’m creating. And when I’m vacationing I vacation, I’m kind of an all or nothing kind of guy.
David Ralph [45:08]
So you’ve got the balance pretty much sort of nailed down there.
Todd Tresidder [45:12]
I think so I’ve tried. I’ve tried the extremes. So I was a workaholic. When I was in the hedge fund business, I worked long hours and built the business and develop the trading systems and everything. And so I was a workaholic in the early years and then after I quote unquote, retired, I went and did what I call the pro leisure circuit. You know, where I did really nothing of substance in the classic retirement like people would think of a 35 year old guy and did recreation every day. And that really was probably one of the least satisfying periods of my life not because I don’t love recreation, I do but I love it as a in the context of a meaningful life, like we’re recreation is really satisfying. Fulfilling is when you have meaningful work and you’re taking a break from it. Kind of like your intro where he talks about how you took a few days off for this for the split Cast. So anyway, I think I’ve kind of come to a balance point, you know, I tried super long term travel like five months. And what I’m finding now is I like trips that are about a month, five weeks at a time. And then we take, you know, camping trips and stuff that are two or three weeks at a time. So I like to get away and do stuff. But I love my work too. So
David Ralph [46:24]
well, good on you, you’ve got I think you’ve got the perfect life. And we’re gonna bring it to an end now. And this is the bit that you’ve alluded to a couple of times through the show, but we’re gonna send you on another journey. It may not take your five mums, but it’s gonna be quite quite a trip. This is the part of the show that we call a sermon on the mic. When we send you back in time to have a one on one with your younger self. And if you could go back in time and speak to the young Todd, what age would you choose and what advice would you give? Well, we’re gonna find out because I’m going to play the theme tune and when it fades, you’re up. This is the Sermon on the mic.
Unknown Speaker [47:01]
We go with the best bit of the show.
Unknown Speaker [47:09]
Todd Tressider [47:19]
All right, so this is talking to the Todd when he was a younger boy. Let me try to figure out a second grade to fourth grade, that kind of range. And just saying to have the courage in himself to not be so swayed by other people’s viewpoints to recognise that you’re okay, just as you are, that your viewpoints are valid, that you should go for it as you get older and you become a teenager, date a lot more pretty women because eventually you’re going to be married and there’s going to be all these gorgeous women everywhere but you’re committed to one at that point. So enjoy all those people. pretty flowers while they’re around. And, and yeah, you’re going to do a good job with the business stuff anyway. So, you know, because you’re, you’re an aggressive business guy anyway. So just try to chill a little, you know, enjoy life along the journey because you’re only young once. And so enjoy that and have fun with it. And all these lessons apply to Todd as an old man now that’s why he’s projecting it backward. My sermons a little shorter than most David just because I’ve already shared a lot of it on the show, but that’s what I would say to the younger Todd is just try to have more try to have more courage in yourself. Don’t spend so many years getting to that point where you actually have courage and belief in yourself have it while you’re younger and, and do more crazy stuff because you’re truly a crazy person and and go for it.
David Ralph [48:48]
And do you think the young Todd Tresidder would listen to you?
Todd Tresidder [48:52]
I was an obstinate little bugger.
David Ralph [48:58]
I think he’s still going That in you though, haven’t you?
Todd Tresidder [49:01]
Yeah, of course.
David Ralph [49:03]
That’s that’s what drives you forward. So what’s the number one best way that our audience can connect with you sir?
Todd Tresidder [49:09]
Financial mentor calm. So that’s my website financial mentor calm. And for people that sign up I give away a free book. It’s called 18 essential essence from a self made millionaire. So if you like the stories on the show, I share a lot of stories from my childhood, from the paper days as a kid all the way through and all the lessons I learned that led up to wealth in how they apply to life. And so there’s that it’s a quick read, and then I also give away a free course it’s called 52 weeks to financial freedom. And no, it’s not about get rich quick. What it does though, is it lays out in 52 weeks, you get all the structures and the principles and the concepts that you’re going to experience on the journey to financial freedom because it’s actually in seven structured steps and all this so it’s a carefully laid out idea and it’s a good guideposts for your journey to wealth.
David Ralph [50:00]
Perfect. Well, I have all the links on the show notes. Told thank you so much for spending time with us today joining up those dots. And please come back again when you have more dots to join up because I do believe that by joining up the dots and connecting our past is the best way to build our futures. Todd, thank you so much. Thanks for being on the show. David.
David doesn’t want you to become a faded version of the brilliant self you or wants to become. So he’s put together an amazing guide for you called the eight pieces of advice that every successful entrepreneur practices, including the two that changed his life. Head over to Join Up dots.com to download this amazing guide for free and we’ll see you tomorrow on Join Up Dots.