Financial Freedom Defined with Todd Tresidder

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On this episode of Rhodes to Success, I interview Todd Tresidder, who has been a serial entrepreneur since childhood. He went on to build his own wealth as a hedge fund investment manager before retiring at age 35 to teach others. Today Todd provides advanced investment retirement planning education at Financial, showing you what works and what doesn’t based on a depth of proven experience. He is the author of five financial planning books, including How Much Money Do I Need to Retire?, Don’t Hire a Financial Coach, and Variable Annuity Pros and Cons. During the show, we discuss unconventional insights into wealth building.


“Happiness is connected to goal-oriented activity that is grounded in your personal values.”


Main Questions Asked:

  • Talk about your website and all the content and resources you provide.
  • Share your experience of getting interviewed and how that has impacted your business.
  • Explain what is unconventional about your coaching and viewpoints.
  • What is financial freedom?
  • What do you recommend to people in their 20s and 30s for getting their financial house in order?


Key Lessons Learned:

  • Todd’s business started with him wondering if he could help ordinary people achieve extraordinary financial results.
  • Coaching is a ‘trust sale,’ as people will establish trust via your content such as podcasting and blogs.


Podcast Guest Interviews

  • The podcast interview is like a guest post on steroids.
  • The relationship as a podcast guest is deep, as you are an implied expert.
  • There is a relationship with the host, and the audience is listening to your voice for 30 minutes as opposed to scanning a post for 30 seconds.


Being Unconventional

  • If you want a path of personal growth, there is no better one than building wealth. The development you have to go through to achieve the goal is huge.
  • When you pursue wealth and financial independence, it is reflecting your value on freedom.


Financial Freedom

  • Freedom isn’t about having more stuff. The more stuff you have, the more it ties you down.
  • Most people are vague around their definition of financial freedom.
  • Todd’s definition of financial freedom is when cash flow exceeds expenses.
  • The millionaire myth is: “When I have a million dollars, I’ll be financially independent.”
  • If you want to never work again, it takes a lot more than a million dollars.
  • Happiness is connected to goal-oriented activity that is grounded in your personal values.
  • It’s not about having enough cash flow to last you the rest of your life; it’s about having enough to bridge you to your next achievement.
  • Generally, everything costs twice as much and takes twice as long as planned.
  • Most entrepreneurs are people who don’t picture themselves stopping working.


Birth – School – Work – Fulfillment – Death

  • In the fulfillment phase, you don’t have to make a lot of money. You just have to make enough to pay your bills and allow your wealth to compound in the background over time.
  • You don’t need a lot of money if it doesn’t have to support you over a long period of time.
  • Rather than building a life you want to retire from, why not build a life so meaningful and satisfying that you never want to retire from it.


Three Paths to Wealth

  • Paper assets – Stocks, bonds, and mutual funds.
  • Real estate – Direct ownership.
  • Business entrepreneurship – Owning your own business.


Getting Your Financial House in Order

  • Base savings.
  • Owning home.
  • Pay down the debt.
  • Basic acquisitions for a comfortable life.
  • Monthly expenses in a structure.
  • Figure out how to leverage what you bring in and what you pay out so it’s not all your time that go into it.
  • Plot your residual income against expenses until the business carries it.


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The music in today’s episode was written by The Danger Os and produced by Nick Palmer. Check them out at 


Links to Resources Mentioned

Financial Mentor

Eventual Millionaire



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The podcast interview is like a guest post on steroids.  Find out why w/ @financialmentor @JessRhodesBiz  

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