"I Got RICH When I Started DOING THIS!" (Copy These Billionaire Habits) | Tilman Fertittia

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Published 2019-10-29
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Tilman describes his mindset that you just have to keep punching [2:45]
“You’d be surprised what you can take, though.” [4:58]
Tilman explains that he doesn’t fear anything, but he worries about everything [5:52]
Tilman talks about how he constantly looks for mistakes and finds out what’s going on [7:03]
Tilman advocates that many people make the mistake of working for the wrong company [9:27]
Tilman tells his story of becoming an entrepreneur and learning to sell [10:58]
Tilman describes the details he looks for in a business deal [14:22]
Tilman advocates that you need to know what your God-given gifts are [15:06]
Tilman also says that there are certain things you need to learn that you aren’t good at [15:55]
Tilman explains how he teaches decision-making to his kids [17:55]
Tilman describes his core business philosophy [19:32]
Tilman explains how to find the five percent of things that are going wrong in a business [21:00]
Tilman advocates that you can always become the best at whatever you do [23:56]
Tilman strongly advocates using simple methods repeatedly to become successful [26:08]
Tilman talks about why he keeps going in business [28:46]
Tilman says that he does plan out each step in his business plan [29:26]
Tilman describes out-working people [31:43]
Tilman shares the impact he wants to have on the world [32:21]

QUOTES:

“When times are really bad, we forget they’re ever going to be good again. And when times are really good, we forget they’re ever going to be bad again.” [5:36]
“You gotta know what you know and what you don’t know.” [6:34]
“Whatever position you’re in, you want to be the bull...You can be the bull at any position you’re doing. And it’s just telling yourself, I’m going to do this better than anyone else. I don’t care what the job is. You be the bull at what you do.” [28:06]

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BOOKS MENTIONED IN THIS EPISODE:

“Shut Up and Listen” amzn.to/2PbBDR1 [2:41]

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All Comments (21)
  • @DavePatrick901
    I began my investment journey at the age of 27, primarily through hard work and dedication. I'm to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier it is not about achieving quick wealth, but rather ensuring long-term financial prosperity
  • @joesphcu8975
    The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. $52k dividends received in 2022.
  • @MarkMilley810
    After a horrendous 2022, shell-stunned financial backers have misfortunes to recover and a lot to consider, as an expansion report and a pile of different information did close to nothing to change assumptions that the Central bank would probably keep climbing interest rates regardless of whether the economy dials back, And that implies more red ink for portfolios for the principal quarter of year 2023. How might I benefit from the ongoing unstable market, I'm currently at a junction choosing if to exchange my $250k security/stock portfolio
  • @ImaneYadria
    Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.
  • @Andrian-ch3on
    I didn't become financially independent until I was in my mid 40s, in addition to owning a second house making money on a monthly basis through passive income, and I've also met some of my goals. I really hope this motivates someone to know that it doesn't matter if you don't have any of these things yet; no matter your age, you can start today. Investing can help you change your future! By participating in the financial market, I took a significant decision.
  • @oneiljerry9460
    I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or when ever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That’d be enough to create a portfolio that would pay you between $50k to $70k in dividend income
  • @williamyejun8508
    The question is how to convert your salary into the investment funnel without double taxation. you pay taxes once it's earned, then buy stocks and get taxed again once you sell. Want to invest over 300k on the stock market, how do I achieve this?
  • @MarthaDavis-fh6cw
    My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit
  • Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 13 months and l've accumulated over $700K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a while now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.
  • @Kimdavid109
    Stocks extended their year-to-date rally following the CPI report, with the S&P 500 last up 0.8% in afternoon trading. but I don't know if stocks will quickly rebound, continue to pull back or move sideways for a few weeks, or if conditions will rapidly deteriorate.I am under pressure to grow my reserve of $250k.
  • @barrfrank7888
    I started investing when I was 37, mostly through sweat equity. I just turned 42 and this last month was the first time that my passive income broke $100k for the month. This is solid advice! DO IT! You don’t have to get rich quick, you just have to get RICH no matter what. 👍🏼
  • Invest in stocks is a great way to invest your money. The team is constantly checking the market for changes and make sure that you are always informed about the best time to invest. As a result, I have made more money than ever before, and I don't have to manage my portfolio on my own! Invest in stocks, it's worth it!
  • @ambition112
    0:10: 🥊 The speaker emphasizes the importance of perseverance and resilience in the face of challenges. 5:38: 💼 The speaker discusses the importance of understanding business and the need to constantly learn and improve. 9:34: 💼 The speaker discusses the importance of choosing the right company and making smart career decisions. 14:26: 💼 The speaker discusses their experience of taking a company public, going private, and growing their net worth. 18:30: 💼 The speaker discusses the importance of teaching their children how to make decisions in a multi-departmental company and shares key business principles. 23:08: 💡 The speaker discusses the importance of constantly striving for improvement and separating oneself from others in order to be successful. 28:06: 🐂 The speaker emphasizes the importance of being the best at whatever position you're in and enjoying the process of conquering challenges. 31:41: 💼 The speaker emphasizes the importance of outworking people and negotiating deals, and wanting to leave a legacy of doing the right thing. Recap by
  • @andrew.alonzo
    Earning money and preserving it are distinct endeavors. The absence of comprehensive investment education in schools underscores this notion. The instances you've cited are well-grounded, particularly in times of market crises that have enabled me to achieve significant financial gains. While many may shy away from challenging times, I approach them with a positive perspective, a sentiment shared by my advisor.
  • @chris-pj7rk
    I've been diligently working, saving, and investing toward financial independence and early retirement, but the economy since the pandemic has eaten up the majority of my $3 million portfolio. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
  • @johnlennon232
    Dividends are dope. Personally, I sometimes use my dividends to buy other dividend and growth stocks for diversification instead of reinvesting in the same stock. To each their own methods though. The good thing is that you’re investing in the first place and that’s what’s important. Salute for the content!
  • @mellermaddever
    Tom, can you please interview WARREN BUFFET . Up vote if you agree.
  • A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place.
  • @angelahowie1451
    To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal. Remember, diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline. Because investing can be complicated, consider working with a financial professional to help guide you on your wealth-building journey
  • @MaryPatricia-wr3wj
    Great video. We all strive for financial independence and better life. It’s not difficult in achieving this through the right investment, living frugally, and budgeting. I’m glad I learned early in life to work hard for financial freedom