Jim Toner is a well-known investor, businessman, and philanthropist. He is known for his Creating Wealth 101 system as well as his mentorship for many novice entrepreneurs and companies. Jim Toner has been in the real estate business for many years. In this article, we will be looking into his principles of wealth and a little more about his background.
Jim Toner: A Rags to Riches Story
Ever since high school, the real estate entrepreneur felt like he didn’t belong. He was barely excelling in class but he didn’t feel any motivation to study at all. He always felt like he was different from his classmates. Because of this, he decided not to go to college and just went on to pursue many odd jobs. Jim Toner found himself on the one bedroom apartment wondering why his life isn’t working out the way he intended it to be.
According to Ideamensch, one night, he came across a book given to him by his friend called “Think and Grow Rich” by Napoleon Hill. This book helped him to understand why he felt so different and how his mind was built as an entrepreneur. This is the beginning of Jim Toner’s journey to real estate and entrepreneurship.
Jim Toner’s Principles on Making Money
Many of Jim Toner’s principles in making money involve these general mindsets:
- Offer value for a price.
Jim Toner (@thejimtoner) emphasizes exchanging value for clients or willing to pay a higher price. He learned it in real estate, people are willing to pay hefty amounts for quality property. This is where high-ticket sales come in.
- Outsource people for other tasks.
Jim believes that time is the most precious commodity. You don’t need to spend your time doing everything on your to-do list. If you know someone who can do the task more efficiently, you can outsource your workers. This is popular especially now that people are into the gig economy.
- Understand your taxes.
If there is a way to lower your taxes within your business or your personal account, by all means, try to lower them without breaking the rules. Texas can play a big part in your overall income.
You should also check out this video from Jim Toner and John Mulry – Send in the Wolves Documentary.