Jim Toner is a successful entrepreneur, financial coach, and a well-known author. He is recognized for his success on the Creating Wealth 101 system. He mentors many clients and provides them with sound financial advice.
Not a lot of people are aware of how Jim Toner came to be. Most people would think that Jim is an overnight success–this is far from the truth. The real story behind Jim Toner would surprise many as it entails a lot of hard work, sacrifice, and a set of challenges that many people can relate to.
Jim Toner’s Story
Ever since Jim was a young student, he really felt like he didn’t belong. He always thought that studying certain subjects that he wasn’t interested in didn’t make sense. As a result, he was a C student who barely passed high school. He wasn’t ashamed to admit this fact because it was part of his path to success.
After high school, he decided not to go to college anymore and took a lot of roles by entering small businesses and doing several small jobs. He really didn’t consider himself successful and wondered if he could get out of his rut. One day, he decided to read “Think and Grow Rich” by Napoleon Hill and this was the beginning of his journey to financial growth. Although the book only gave basic principles, he was determined to find out specific steps to start a profitable business.
Jim Toner’s Advice for Financial Growth
The real estate entrepreneur Jim Toner is known as a financial coach and an author of many wealth creation systems. He discusses the key principles of making money that he learned through experience, from books, and from other experts.
- Time is of the essence
Your time is the most precious asset that you have. You can gain back money but you cannot gain back time. This is why it is important to outsource work whenever you can. Outsourcing is a smart way to save time and do the most important tasks as a leader of a business.
- Profits versus expenses
According to ideamensch.com, many aspiring entrepreneurs go into business without considering the actual expenses of doing so. These can include taxes, overhead costs, and other unexpected things that can drain your profits. Always have a realistic goal when it comes to gaining profit and tallying your expenses.
- Have a specific plan
Asset management involves the specific calculation of numbers. Jim (@jim-toner) advised that mere estimates might cost you a lot of money in the long run. By having a specific plan, you can easily track what goes in and out of your business.
See his latest pins: https://www.pinterest.com/thejimtoner/