Money School Podcast Why Hitting Rock Bottom Could Be Your Greatest Business Opportunity w/ Wayde Elliott
Losing a job or facing an unexpected life shift can feel like the biggest curse—no income, no direction, and no clear path forward. But what if this so-called curse was actually the best thing that ever happened to you?
Have you ever considered that hitting rock bottom might be the push you need to rise higher than ever before?
The truth is, when everything you thought was certain is taken away, you're forced to look beyond your comfort zone. You start seeing opportunities where before, you only saw routine.
The question is—will you embrace the change or stay stuck in fear? What if the loss of something familiar could lead you to something even greater?
In this episode, StoreIt founder Wayde Elliott joins me to share his journey from smooth sailing to sudden hardships—and how he turned it all around by striking gold in real estate self-storage. We also talk about the importance of being a life-long learner, being your own bank and why it's so important to grow and give intentionally.
Things You'll Learn In This Episode
-Navigating the learning curve
Transitioning careers comes with a learning curve, and mistakes are essential for growth. How do we ensure that these mistakes propel us forward and not hold us back?
-Lean on those with experience
Learning from experienced people accelerates growth and decision-making. How can mentorship help you avoid common pitfalls and reach your goals faster?
-The 5 Finger Gratitude technique
The 5 Finger Gratitude technique uses each finger to remind us of things to be grateful for, fostering a positive mindset. How can taking a moment to reflect on five things you're grateful for impact your mindset?
Guest Bio
Dr. Wayde Elliott founded StorelT, who began working in self-storage development in 2009, after practicing dentistry for over two decades. His first project was in St. Helens, OR, and involved working directly with the highway department, railroad, and Oregon State's land division. From this project, Elliott learned a great deal about self-storage, including all of the ins and outs of developing and maintaining storage units.
Once he saw the ROI of his initial project, Elliott knew he created something that filled a need, and he wants to help others do the same! With over $68 million worth of self-storage units developed and sold, rest assured that Elliott knows what he is talking about.
Visit https://storeit.com/
Find Wayde on LinkedIn @Wayde Elliott
Find Wayde on FaceBook @Wayde Elliott
About Your Host
From pro-snowboarder to money mogul, Chris Naugle has dedicated his life to being America's #1 Money Mentor. With a core belief that success is built not by the resources you have, but by how resourceful you can be. Chris has built and owned 19 companies, with his businesses being featured in Forbes, ABC, House Hunters, and his very own HGTV pilot in 2018. He is currently founder of The Money School™, and Money Mentor for The Money Multiplier.
His success also includes managing tens of millions of dollars in assets in the financial services and advisory industry and in real estate transactions. As an innovator and visionary in wealth-building and real estate, he empowers entrepreneurs, business owners, and real estate investors with the knowledge of how money works.
Chris is also a nationally recognized speaker, author, and podcast host. He has spoken to and taught over ten thousand Americans delivering the financial knowledge that fuels lasting freedom.
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