Tim Winders - Rising from the Ashes

Описание: Tim Winders went from being a multi-millionaire living a lavish lifestyle to a homeless nomad. What caused such a dramatic change and what spiritual and life lessons did he learn along the way?



 



 



Tim Winders: https://www.timwinders.com/



Seek. Go. Create. Podcast: https://seekgocreate.com/



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Twitter:   / seekgocreate  



 



 



(Transcript is a guide only and may not be 100% correct.)



Emily Olsen: Wherever there are shadows, there are people ready to kick at the darkness until it bleeds daylight. This is Bleeding Daylight with your host Rodney Olsen.



Rodney Olsen: Tim Winders went from being a multi-millionaire living a lavish lifestyle to a homeless nomad. What caused such a dramatic change and what spiritual and life lessons did he learn along the way?



Where have things landed for Tim over a decade on from those losses?



We’ll find out in today’s episode of Bleeding Daylight.



Rodney Olsen: We all know that life's challenges can teach us more than the good times, but sometimes the journey to those lessons can be very hard. Tim Winders is someone who seemingly had it all until everything he'd worked to achieve was ripped away. These days. He's a speaker, facilitator, coach, author, and podcaster creating and hosting the Seek Go Create Podcast.



I'm very pleased to have him as my guest today, Tim, welcome to Bleeding Daylight.



Tim Winders: Thank you, Rodney. Great to join you and a great to chat with you on opposite sides of the world.



Rodney Olsen: Let's go back to the two thousands and explore what life was like for you back then.



Tim Winders: yeah, a great question and kind of has, has me going into my memories.



We, in the early two thousands started some businesses in the areas of real estate and, and the way that worked for us, I'm an engineer by training, I'm a, I'm kind of a high energy guy. So when I start something like that, I usually throw myself into it. So shortly after beginning those businesses, we were aquiring anywhere from three to four, sometimes five single family homes or pieces of property per month.



We did that for a number of years. So heading into the mid 2000, I guess we call those the oughts now 2000 ish, five, six, we owned over a hundred pieces of real estate. We probably had it valued at one point and around '07, it was $15 million. Plus we had a coaching business national here in the United States that we were coaching and teaching and training people how to do what we were doing and also a lead generation business that was bringing in leads for motivated sellers and those two companies, coaching and lead gen, was probably would have been valued seven figures plus, and all of that was what we had and, you know, we were, I guess, successful in a lot of people's eyes. We lived in a 6,000 square foot home in a neighborhood that was a resort on a lake in central Georgia with 117 holes of golf and one of our neighbors was a Ritz Carlton. So by all indicators, we were living very well and were very successful leading up to 2008.



Rodney Olsen: That fateful year, 2008. It's got a lot to answer for, but of course we know that there was the global financial crisis. And some people will say, yeah, we predicted it and most say we had no idea. What was the case for you? When did you start to see things begin to turn?



Tim Winders: Well, essentially, that's a great question. Rodney. We actually had coaching clients all over the United States. We had them in Florida. We had them in Las Vegas. We had them in Arizona. We had them in Southern California and so we could see the bubble beginning to emerge in like, '04, '05 and then we saw it heating up in '05, '06' '07. We were seeing, businesses increase, not businesses, but real estate properties increased by 20% year over year in Florida. We had a lot of activity in Florida and you know, when it came to a head for me, And I knew something was going on was I believe it was the tail end of '06.



I got a call. I was on a call with a coaching client in Las Vegas, Nevada. Most people know where Las Vegas, Nevada is and all that goes on there and this coaching client that I may not get the exact numbers, but you'll get the gist of the story he called and said a property went on the market for $225,000 yesterday.



Someone put an offer in for 230, someone put an offer in for 235, should I offer 240? And there was just silence on the line. I recall this Rodney vividly, I've told this story a few times and I just said, we are in trouble. And I mentioned to this client, I said, stop. Don't do anything. Don't do a deal just to get a deal.



There's bigger things at play here, and we just need to pause. And so we were preparing for it. You know, we had some money set aside. We were somewhat warning our clients and our investors, and we knew that there was going to be some form of an adjustment. And like you said, a lot of people said...