Episode 35: Tim Rhode – 16 Years of 100% ONLY Horizontal Income and Counting

Tim Rhode is a master of creating one’s best life. He comes from a very humble background, growing up in a blue-collar family in a blue-collar town. Tim barely graduated high school and never attended college however once he found real estate, he achieved massive success. He went on to sell over 2500 homes in his 18-year real estate career and retired at 40. He invested wisely and now, he runs a nonprofit 1Life Fully Lived that helps others do the same. Tune in to learn more from one of the Founders of GoBundance, the master Mr. Tim Rhode and discover how you too can dream, plan, and live your best life! In this episode, you will learn: Tim’s brief background. How dedicated Tim is to helping 1Life Fully Lived and GoBundance grow. Tim’s commitment on designing a good life for his family. Success vs. Fulfillment “How to retire from real estate sales” program What Tim’s net worth and horizontal income is today. How Tim created a life of pure horizontal income and no vertical income. What Tim does to not have vertical income for 16 years. Tim’s left to invest. Tim’s life happiness index and lowest pillar. What is Tim’s giving back ratio What 1Life Fully Lived is all about Tim shares the details about the 10th conference happening in Sacramento, CA in October. What the 1Life Next Gen does for the young generation. What Tim’s diet and exercise routine look like. Tim’s biggest bucket list items. Tim’s life’s greatest hits. Plus so much more! Tim Rhode, the creative force behind 1lifefullylived.org is a rare individual who “walks the walk” of what he teaches. Tim came from a very humble background, growing up in a blue collar family in a blue collar town. Although he barely graduated high school and never attended any college, Tim went on to dream, plan, and create his own “magnificent life.” He grew up as the 3rd of four kids of a teacher, Raymond Rhode and a stay-at-home mom, Patti Compton. Raymond was an excellent teacher, but not always wise with his finances. Ray’s tight financial situation left an indelible mark on Tim and he strived to make a better life for his family. After a slow start in life (he was a grocery clerk until 25), Tim sold real estate for approximately 18 years – and sold over 2,500 homes in that period. Every year as Tim’s income continued to grow, he lived “small” and saved and invested his income and reinvested his profits. Tim lived as if he was still making a grocery clerk’s salary. Over time, he has also bought and sold hundreds of properties for himself. Some he fixed and sold for a profit; others he kept as rental properties which he either sold or exchanged into the 2005 Real Estate craze. He now owns many commercial real estate properties and real estate notes that provide passive income which allow Tim to follow his passions. These include mentoring young folks on creating a great life, as well as skiing, hiking, mountain biking, etc. Tim lives in an incredibly “inspiring” setting in his “castle in the sky” tucked into a mountain north of Lake Tahoe, CA. (Portola, Plumas County) with his lovely wife Tina, and has three wonderful children Chris, Sarah, and Andy. The older kids are in their mid-20s and are out of the house, totally self-sufficient, creating their own “magnificent futures.” The youngest child is still in high school being mentored daily on the same things Tim is teaching here. Having gotten off to a slow start in life, and then finding his way to such a great life, has inspired Tim to help others find their own paths earlier in life. Tim is totally committed to helping kids plan their future, as well as becoming a force to help change the ways children are taught in our schools. Tim understands he has lived a blessed life and wants to spend his senior years helping young folks (of all ages) dream, plan and implement their own “magnificent future.”