How Transparency Wins the Day In Finance and In Life | Tim Sykes on Impact Theory
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- Опубліковано 14 січ 2019
- This week’s guest on Impact Theory is Timothy Sykes: a penny stock trader who turned $12,000 of Bar Mitzvah money into $4.8 million and became a millionaire before graduating college.
He’s also the author of American Hedge Fund (amzn.to/2VHRtUj). In this episode, he talks about his rules for success in investing, why education is so important and why he’s grateful for all of his losses.
SHOW NOTES:
Why Tim Sykes is so hardcore about education (he learned all he knows through the internet) [2:47]
How he traded up with $12,000 of bar mitzvah money and became a millionaire before graduating college. [4:11]
Why people are going to fail in trading - he was wiped out at first because he “didn’t know the rules of the game.” [6:31]
How to learn the rules of the game [8:04]
As he says, “The key to making millions is making small profits over and over again.” [9:19]
The difference between the people who win vs. the people who don’t and why all his students are from the midwest (it’s boring) [10:49]
Why you should study the Egyptians if you want to create an empire. [11:33]
What personality has to do with success and the key patterns he uses. [14:31]
Why he thinks it would suck to have a billion dollars (but a few million is okay) [16:37]
His tips for travel and having an amazing transformation [20:45]
Something that would surprise people about being rich [21:16]
Why now is the most unique time in history and most people are wasting it [23:18]
How he got through the big losses in his career and used this strategy to get back to where he was. [27:30]
Why he’s grateful for all his losses and says that without them he wouldn’t be a complete person. [30:36]
QUOTE:
“The internet is the most amazing tool we’ve had in centuries probably since the printing press like 500 years ago.” [20:02]
IMPACT THEORY MERCHANDISE: Check out Impact Theory's Merch Shop: bit.ly/ImpactTheoryShop
Thanks again for having me on the show, it was truly an honor and I hope my crazy life/lessons can help your viewers!
You're such an inspiration. I've decided to go forward to set up sanctuaries for farmed animals and want to make money to help fund these places.
They're always in desperate need for medical care, supplies, food, shelters, etc.
you the man Tim!!
Timothy Sykes Thanks for sharing the great insight! It all comes down to perspectives. Those who are not highly motivated might not have seen those who are happy just for being able to stay alive another day. Your work in the charity is admirable!
Amazing interview, transparency is the keys of your success ,thanks for being great humble individual
Just subbed to your channel.
To the dreamers out there, you will make your dreams reality. Being here, watching videos like these means you actually want to do the work. It's up to us!!
Dude.. thank you. I really believe this too haha. Like I know there’s people who just watch this shit to feel good, but I feel like the bulk of us actually put this shit to the test. It’s up to us as individuals to really grab this opportunity we call life. Best of luck to you and yours, man.
@@nickcarter5569 You're welcome man! It always feels great to see the comments on these videos. I start thinking, "wow look how many people are just like me." It's really dope.💯
It’s like no matter what walk of life your from, or how much success you’ve had, we come together around real wisdom. It’s so reinforcing to see other people who have that drive and dream. Dreams don’t die unless you let em die. I won’t ever let that shit die, and to see other people with that mentality is just what life’s about. Live and love that uncommon life. Damn dope indeed man.
@@nickcarter5569 "Dreams don't die unless you let em die".. I agree 100%. We get out of it what we put into it.
Wanting to work isn't enough
I like how this guy speaks, fast and clear. Keeps you focused. Shorter episode with a lot of value!
thanks, I'm glad!
he is so good at talking
Don’t fall for this guy’s BS. And never pay him anything to go on his VIP list for his challenge or whatever he calls it. All you’ll get for $200 is a phone call from someone throwing a bunch of cliches and asking for $7k tuition fee for his “good will help”. The guy is a joke and a scammer
what inspired me most is: "In order to be successful you have to be so dedicated to your craft, so passionate about it & so single minded focused on that task". Thank you for this episode Tom!
No shit, Sherlock
Transparency is so important now-a-days with alot of fake people selling scams.
yes. as soon as the idiots start talking about their Bentley or lambo, I click "next".
Even the fakes are pretty transparent.
YES!
but this guy saved the lambo for last. so...points.
Pun?
Tom Bilyeu i think this is the first time you bring a trader thanks this shows you are open minded. What Tim says is so true, what i must value from myself is transparency and honesty and in order to be a trusted trader the best is to show your trades to your clients, and to do this really takes guts because you are exposing you are not perfect but this what really is worthy. I am a FoRex trader, but i will definitely will join to Timothy Sykes. It is not all about the money is about growing, living and giving opportunities to the ones that does not know they can achieve wealth. Giving is what gives meaning to our lives.
YES!
This became my fav episode.
What I love the most about Tim is his philanthropic work.
We need more people around the world to raise awareness on the benefits of knowledge and education.
awww, thanks!
@@TimothySykesTrader You bet! Keep doing what you do, T.
I wouldn't be so naive.
He offers is for 6700$, you should join his “challenge” :)
Thank you so much Tim for being REAL. I appreciate your real talk. Knowing that it takes time and hard work means all the world to me.
I watch Tim’s investing videos in the past wow he’s made a 180. I thought he was an egomaniac.. but I’m very happy to hear he’s fulfilling himself in a way that helps the world building schools and such. This interview surprised me. Way to go Tim.
Transparency - also the key to building a trust worthy brand ! Thanks Tom.
Thank you for watching, for guidance and support at anytime, contact me directly on whatsapp +_1_6_6_9_3_0_2_1_2_8_8
This is pure Awesomeness!!! Broke people don't have to stay Broke for life. Like Tim said education is a key factor! Practice good habits!! You have to learn the rules to everything, especially Life!!
Agreed, our desire to succeed needs to ignite the flame of becoming educated. Little to no excuses in this day.
Such an underrated episode but it’s one of my favorites! Loved how honest and genuine Tim is, awesome guest and show ❤️
Take advantage of the knowledge and resources already out there. A 12k advantage at 13 years old is not the reason most are stuck in shitty situations, it's the lack to actively searching for solutions.
it's not the lack of searching for most people, it's the lack of follow through with years of hard work in order to achieve mastery once you find the solutions
Incredible! This guy is amazing and ha I'm from the midwest but was adopted from a third world country. The older I get the more grateful I become for the life I have been given.
Thank you for sharing your knowledge.
thanks, it's all about gratitude :)
Being open to others allows you to connect with others as a human being.
yup, we're all in this together if we have the right mindset
I love what Tim is doing - transparency is one of the foundations I will build my life (and business) around!
"Broke people are usually lazy"😂😂😂 it took him such little time to respond with that.. He's a boss
it wasn't exactly a complex thought lol
Vulnerability is the greatest strength
Thank you for watching, for guidance and support at anytime, contact me directly on whatsapp +_1_6_6_9_3_0_2_1_2_8_8
Man - it's always a good feeling rediscovering people from Tom. I cannot remember the last time I saw Tim not in his natural habitat (An awesome view, A perfect Pool and a Laptop). What a great space to live in.
Tim Skyes wow all his trades are listed on his website..This guy got so much positive energy. Thank You Tim
i just love how Tom knows so much about his guests. it says something. he does his thing properly
I literally cannot stop watching these videos. Tom (and team), thank you so much for bringing us consistent, awesome content!
Tom thank you for this interview,
Tim is hitting home with me right where I am.
Grateful for his losses and mistakes....key!!
Transparency, letting the light shine through!!
Thank you for watching, for guidance and support at anytime, contact me directly on whatsapp +_1_6_6_9_3_0_2_1_2_8_8
Hey Tim,my name is Gabriel from Ghana ...i really love your energy and your level of confidence👍👍👍,i heard from your speech that you will be fly down to Africa to help and encourage Africa to do more in life ,and i must say that so nice of you my friend..and also will be very happy that you add Ghana to list of Africa countries you are trying to visit for such initiatives, thanks buddy stay safe👏👏👏
Thanks Tom i think the 40 minutes or less for your videos makes it easy to watch them till end .
Honest always wins in the long run. You can lie yourself to short term succes but honesty is the key to long term succes.
*In the kingdom of glass everything is transparent, and there is no place to hide a dark heart*
Awesome video yet another great guest! He’s 100% right if you put in the time and effort to study, to learn, it will change your life. That’s what I did and I became financially free in my 20’s. I started my UA-cam channel to share that information in 2019! Tom you are amazing can’t wait for you to hit 1 million subscribers and impact theory for life 🙂
Tom, my dude! You have taught me so much through your interviews and through your own writing and posts. I’m waiting for the Book of Bilyeu!! No rush, but man am I gonna eat that shit up haha. Your work has changed the course of my life, so from one human on the path to another: Thank you and best wishes, my friend.
Thank you for watching, for guidance and support at anytime, contact me directly on whatsapp +_1_6_6_9_3_0_2_1_2_8_8
I’m from the Midwest :) I’ve listened all of your shows. Thanks!
Good work, you have higher odds of becoming successful if my students' data is to judge
Fantastic Interview!! My first time of hearing of Tim and I'm so grateful to have stumbled upon it. Always appreciate incredible interviews you provide Tom, with Impact Theory.
The World will be beautiful with that kind of people, and actions. It was a great show. Thanks.
Sykes' communication style rocks, and so does his attitude. Amazing, energetic, passionate interview. Had never heard of him before this, but couldn't turn away. Off to check out his stuff!
Love the message about wasting potential by hoarding a billion dollars in your bank account rather than using it to influence good in the world. No one needs that much money. It’s a statistical fact that after a certain amount of money your return on happiness diminishes exponentially. Keep it up man!
GOOD!
Thank you very much for the great video and for the 2 months of skill share. I've been interested in trying them out for some time so this was just the push I needed. You all rock!
Loved Tim's passion, energy, and enthusiasm, what a beast👍
THE NUMBER ONE THING I LEARNED FROM TIMOTHY SYKES...was how to think and dream big. Through him, I was exposed to the larger world of entrepreneurship in general, which led me to great personalities like James Altucher, Gary Vaynerchuk and or course Tom Bilyeu. Thank you for having Tim as a guest on Impact Theory, I've been looking forward to this episode for quite a long time!! Tim has a very "tough-love" style and approach to his teachings, and can be very hard on his students at times. But what Tim is great at, what Tim knows how to do best....is how to INSPIRE!! How to lead people to shift their MINDSET (and self-limiting beliefs), into one geared towards dedication & success. There's no catch, no scheme, no trick...if you want to change your life, you need to stay dedicated to that process and never give up! Hard work and dedication will always win in the end. Thank you Tim. Thank you Tom. People like you are helping to change the world. Namaste 🙏
GOOD! Always dream big and then work your ass off to achieve those dreams and make them a reality!
In 30 min he said more than a lot others who took 1.5hrs on this show. Tim ur epic. And Tom, thank you for being legendary. U make it look easy getting all these awesome people together. keep up the good work. Please, consistently. I dont know what to listen too when u and lewis dont upload ;)
Update Guys! Completed Reading another book. Book Count: 33 :)
I am on somewhere around 6 book of this yr
Current one is tribe of mentors by Tim Ferris
Wbt u ?
How are you guys reading books so quickly? 6 books in 15 days??
Woah! I am gonna speed up my reading man! I read 4 books from January :)@@tanmaypanadi1414
Not every time we can read that quickly. Sometimes we happen to read book with less pages. It's better to be consistent everyday than to speed read without understanding. Read at least 20 pages every day i.e, 10 pages in the morning and 10 pages at night and you will see progress :) @@speaking8206
@Benny I like the physical aspect of reading the audio works great too it's just a habit I have to leave the smartphones for 90 min before I sleep
plus I make a point of stealing begging or borrow ing books every week improving my negotiations also makes me social and stories behind the book
Thank you for again another great interview! It’s the philosophy delivered that’s most inspiring and it is not limited to trading.
And again.... what a Wonderful episode stay Blessed Tom thank you for presenting these kind of personality... amazing brother
Somehow you did it again: this was an extremely refreshing interview with a truly inspirational individual.
thanks!
Tom your are a great interviewer. I love your show. I am on a mission to get better and your show is helping me a lot. Thanks
I didn't know this guy until I watched this video. Now, he's one of the people I admire.
I had never heard of Tim Sykes before this. I am going to start looking into his material today. Thanks Tim and Tom!
Great insight and reminders to the mindset to being grateful for life. Awesome interview for learning by doing the work from the inside out. Thanks guys 👍🏾
YES!
What a great interview! So many lessons that can be learned in this. Education, transparency, giving back, having a bigger purpose etc.!
Glad you liked it!
This is what I love about folks like him !!! HE IS DOING SOMETHING AMAZING WITH $$
THANK YOU TIM SYKES!!!
Hi Tom!! I discovered your channel via a interview that I wanted to see in its entirety between you and Wall Street Trapper, and I must say I am very impressed with your content, and interviews. I am now a new subscriber and I look forward to learning new things within the finance realm from your platform.
✋🏼👊🏼😀❤️ There is so much more you can do with knowledge and studying. Focus on the joy. 🙏
yes! Knowledge will give you a lifetime of joy so spend your time acquiring as much as possible and then utilizing it to give yourself the freedom you deserve!
I am infinitely grateful to see such amazing people as Tom and Tim.
Thanks!
I love the old intro but I'm loving this s*** much more! It made me feel like Tom is hitting a whole nother level now like he just is hitting every goal he puts his sights on! You're really taking it a step further time congratulations, and your impact quotes have affected my life in a very positive way thank you so much for everything that you do, I hope to meet you one day when I get up there it would be nice to sit down and have a conversation with you and share stories and share my story with you, I'm only 27 so I'm still riding my story but even at this point there's so much to tell, you always have a supporter out here in Central Florida in Orlando, my name is Giancarlos or as supporters call me out here by my radio name "Stacks". (On behalf of myself and KQ 93.7 FM keep up the good work we support you)🙌🏼💪🏼
This guy is a legend I don't get how lot of people said he is a scammer I personally don't think so I think he's very clear and honest dude
Super Powerful, love Tim Sykes and Tom as always finding the amazing people in the world who make it a better place to be a part of. Love this big time!
Hi from Brazil, that vid is exactly what i was looking for
BRILLIANT!!!!!!!!!!!! Thank you for sharing this..
I never heard about this guy before but I’m addicted to him now. Not in a bad way lol
Thank you for having an educational show for us to learn and become our greatest selfs. Full gratitude 🙏🏽
nice!
Fantastic interview!! I love his transparency and humility. He educates and stresses that it’s not easy. You have to have the passion and dedication and discipline.
Thanks!
Awesome! I jotted down some highlights as I listened because there was some real gems here
Not a surprise that Tim studied philosophy in University, he's a smart cat.
I loved this episode because this guy is just so full of life - it's freaking contagious!!! I just want to run out and try everything I've been postponing for million reasons. Gratitude for life shows when you treasure every moment of your life and never stop searching where you can invest your talent, skills and service. 🙌🏻🙌🏻🙌🏻
YES!
I'm a student of Tim's and I can confirm this is no act. He's really like this day in and day out.
He's a very enthusiastic guy and yes is inspiring. Hard work and dedication is his mantra!
It was awesome experience to hear from this guy..... Good job Tom
Tims right!!! Cut losses quick. I bought into bitcoin July 2017 starting with $15. Did that everyday then it dipped and I used my credit card bought $1000Btc in at $2400 a BTC. From there got into Altcoins. Made $62,000 off $1500 of credit card charges lol took out $20k paid debt left the rest in thinking I’d be a millionaire and lost it. Currently at $4000 down like 1000% lol but now I know to cash out early and not be greedy now.
yup, gotta cut losses quickly, it's not optional!
Whoa, never would have thought Tim would be on your show! Nice 👍🏾
Thanks for this informative interview from yet another phenomenal human being
Midwest kid here. Can confirm, not much to do besides study or watch corn go by. Oh, by the way, I work at the local corn ethanol plant haha Looking forward to diving into Timothy's work! Thanks for another great episode Tom!
He is very good human.. I salute u.. Tim.. God bless u..
Great content! Transparency definitely adds a connection.
Thank you for your videos Mr. Tom and Mr. Tim. This was very inspirational to me. The energy and words really was felt by me. THANK YOU!
I can so understand where he's coming from, i learned much from this.
Love this dude, gonna be just like him
Tim you dropped so many nuggets in this. More than any other videos I've seen of you.
Thanks, gotta be of value to viewers!
After the intro I wanted to smash the like button.... I love you Tom.
I found this very useful.
I am not interested in trading but I am glad that I found someone who thinks this way.
He shared a lot of useful information which I found very useful and motivating.
I’m so grateful for this, thank you Tom.
Respect. Thank you for the perspective.
Someone that is so caring especially for animals 🥰
I'm a student of Tim's, and yes he's actually like that. I've never met anyone in finance like him.
Love this guys honesty!
Wow........ Fantastic interview and perspective from Tim. Thanks soooo much for this!
Glad you liked it
What a great interview, with so much value. Thank you.
Thanks Tim for the great lessons in this interview. Keep doing GREAT for the haters, they need an eye opening. You are a great teacher! Kudos to you :)
Fantabulous tom hats off bro
HOLLY SHITTT!! TIMOTHY.... NEVER THOUGHT I WOULD SEE A TRADER ON IMPACT THEORY. I AM A TRADER, THAT'S MY MAIN FOCUS ON LIFE AND I ALWAYS WATCH IMPACT THEORY. WHEN I SAW THE TITTLE OF THE VIDEO I WAS AMAZED, THANK YOU TOM!!!
I love this guy. He is so great. :-D
Love Tim! Wow! Amazing human being. He is such an inspiration. Beautiful person!
Awww, thanks!
The internet is so amazing as a learning tool. Unless we are going back in time to the 90s we can stop saying this. We get it.
Great interview! Very refreshing insight ,don’t change Tim!
Thanks!
I'm totally in love with Tim!....I think Tom is too since he's gazing at him like he's his new boo. Great content guys!
Loved the interview! Inspiring stuff
Awesome!
I was almost half hour in when i decided to restart! good stuff 💪🏾💪🏾
I have learned a lot from the free videos, i dont trade stocks, but i do forex and i apply what i learned with him and it worked just little rules do work now i make around 5,000 dllrs a day trading forex
Best wishes to tim
You did it again, Tom. Thank you for this.
17:57 Transparency at its finest! #true statement
YES!
I LOVE this guy!
Awww thanks!
Thanks Tom for this. Have been thinking about putting everything I know out there.
If he had a billion he could give back so much more very impressed how you just stayed cool Tom fair play to you for your professional attitude in that moment 🇮🇪✌️ nice interview overall but a lot of billionaires and rich people are also happy and do great things with their wealth
Excellent interview. Tim says it how it is and he has true integrity and ethics, unlike most people that have made it well in business
Thank you Tim i saw your video today i like your passion of help to community and educations.i salute you.
I need to learn investing 🔥🔥
It's so surprisingly to see Tim here