Well, folks my next guest is living a life
that most people dream about.
At 34 years old, he's a multimillionaire
who enjoys traveling around the world
and collecting exotic cars.
And it all started with a hobby that he
discovered in high school.
Please welcome Tim Sykes.
Welcome to the show, man.
Thanks for having me, man.
Appreciate it.
Yeah.
So you made a fortune in high school how?
So I was a tennis player, and I got injured.
My dad now calls it the million-dollar injury.
They gave me-- my parents gave me control of my bar
mitzvah gift money, roughly $12,000.
They thought that I would lose it all.
Instead I turned roughly $12,000 into over $100,000 senior year
of high school.
And by the time I had graduated college,
it was nearly $2 million.
[APPLAUSE]
Why do you think you were so good at investing?
At first, I was actually trying to invest in big companies.
But my portfolio wasn't really moving.
So I gravitated towards lower price stocks, penny stocks.
And that really got my accounts moving.
They're more volatile.
They're riskier. But
they're simpler.
They usually have one or two products.
So they're either going to succeed big or fail big.
So what I try to do is ride the momentum
for a few days or a few hours when
they announce good news, a big partnership, or something like
that.
And I make my money grow, like you
were talking about earlier, trying to make $10 or $100.
Right.
So I keep it simple.
And I'm always focused on the big goal at the end.
But I'm taking small profits along the way.
Wow.
Wow. Now,
you actually teach this to people.
Correct.
So I trade, and I teach.
And that's what I love doing.
Tell us a little bit about your life.
So when I had a few thousand dollars to my name,
I grew up middle class.
I always wanted to get into a good college
and have a good job and have financial security eventually.
I screwed it all up by making too much
in high school and college.
I ruined all those big plans in a good way, though, right?
Yeah.
So I got the money.
I've traveled all over the world.
I've been to over 100 countries now. I have
a Lamborghini.
I just bought a new Ferrari a few weeks ago.
I'm still learning how to drive it. So
I have fun with my money.
But it gets old after a while.
Money and luxury is not fulfilling.
So when I got into teaching a few years ago,
it was a whole new opportunity in my life
to be the mentor to other people that I never had.
And now I've started a charity too.
So you kind of evolve.
At first you want the money.
You want the luxury.
But you also need more.
Wealth and money for money's sake
is not going to make you happy in life.
Money does not buy you happiness.
You have got to identify your purpose in life, your mission,
your reason for being.
The two most important days in your life
are the day you're born and the day you discover why.
The average person dies never knowing
why they were born because they never asked the creator,
OK, I want to be successful, but why?
I got a tape for you.
Let's take a glimpse of Tim's lifestyle. We
sent some cameras to visit him in LA.
Check it out. This
was pretty cool.
What's up?
My name is Tim Sykes.
That's my car.
Come on in.
So I want to give you a little glimpse of my lifestyle.
I work hard.
I live well.
And what you should know about me is that I like to go big.
This is a big house.
Sometimes I stay in big presidential suites.
When you work hard and you make a lot of money,
you got to go big.
Yeah.
OK, I'm done with that.
Whoa.
So let me show you where I actually spend most of my time.
This is basically what I do all day, just looking at stocks,
researching stocks, and then teaching other people.
Most traders lose money in this industry.
But with the community of actual successful traders behind you,
you can do a lot of things that never were before possible.
So it's kind of my baby right here.
I'm very proud of it.
It's not the normal 9 to 5.
Sometimes I'm working 10 hours a day.
Some days I don't even work.
It doesn't matter where I am.
All I need is the internet, and I can work from anywhere
in the world.
I've been doing this for nearly two decades now.
I got started when I was young.
I've reached all my goals.
And I'm not afraid to show it off.
Once you make it, you should show it off.
But I'm never stopping challenging myself.
I'm always looking for more students.
I'm looking to create more millionaires so that more
people can have views like this. .
This is why I love this place, OK?
Just look at this.
Financial freedom is the goal for everybody,
and it should be.
Because once you have that, you can do whatever you want.
You can travel the world.
You can get big places like this.
That should be your goal so that you can really, really
focus on what you love in life and not work
for somebody that you hate.
Thank you, guys, for coming over.
I'm glad you got to see a little bit of the way that I live,
the way that I work, and some of the fun
that you can have when you work hard.
See you later.
[APPLAUSE]
It's kind of like Steve Harvey's version of MTV Cribs.
I was just sitting them down, with the music going on,
going, yeah.
[LAUGHING] That's good.
Up next, we're going to meet some of Tim's students--
we've got a couple of Tim's students here--
and hear how they became part of the new rich.
So stay with us.
Don't go away.
[THEME MUSIC PLAYING]
I'm back with Tim Sykes, who became a millionaire trading
penny stocks back in college.
Now he teaches others what it takes to rake in seven figures
or more.
Please welcome two of Tim's students, Ivan and Michael.
[APPLAUSE]
OK, Michael, let me start with you.
How did you first meet Time?
Well, back in 2007, I was in graduate school
studying cognitive psychology.
I was working on my PhD because I've always
really wanted to get rich.
And that was how I wanted to do it.
But I started trading on my own, started making some money.
But then it started to not work so well anymore.
And then that's when I met Tim, and I learned a lot
about timing from him.
And I became much more of a day trader after that.
So I'd make a quick in-and-out trade,
not holding anything overnight, so a lot
less stress doing it that way.
How successful are you now?
Well, I've made well over $1 million
over the last few years.
And I am--
I do pretty well.
Yeah.
Ivan, how'd you meet Time?
I'm pumped up. I
love it.
[APPLAUSE]
I was always into penny stocks.
But trying it on my own, I had limited success.
And a couple of years ago, I ran into Tim on the internet.
At first, I didn't think he was legit. But the
more and more I read into him,
he seemed like the real deal.
So I signed up.
And since then, I made about $200,000 trading part time.
And the funny thing about the internet
is that you can learn from somebody
and actually never meet them. Like,
this is like the second time I'm meeting Tim.
But the whole experience opened up my eyes
to living a life that I never thought was possible.
What advice do you have for anybody that's out
there that's trying to find financial success?
Number one, I would say really focus on your passion,
like whatever you love.
I love weird stock trading and penny stocks.
But I focused on it, and I went with it.
The world is so vast.
And if you become an expert in whatever you're
passionate about, you can really make it big.
Number two, use social media.
Social media just expounds everything.
I met both of these guys through social media.
And if you're talented in something,
if you're knowledgeable, post a video on YouTube,
share pictures on Instagram, tweet your knowledge.
Use these social networks and get your expertise out there.
And third, be patient.
We've made a lot of money in a few years.
But it's not always going to be that way.
The key is being passionate, being patient,
and keep doing what you're doing,
even when you make mistakes.
Mm-hm.
To everybody here, if there's no joy when you wake up
in the morning, if you dread the sound of the alarm clock going
off, if you feel stagnant, if you
have the thought in your head that there
has got to be more to life than this,
you know what you should do?
You should stop doing whatever it is you're doing.
[APPLAUSE]
You really should.
You should stop that because I've got news for you.
That's no way to live.
You're merely existing.
You will become exceptional the moment you
make an exceptional decision.
Go see the life God got for you.
It's way better than the one you planned.
Somebody's got to take here, man.
If you don't take a chance, you ain't going know.
But it's going require that you--
I'll tell you about that later.
Anyway, I think this is great.
This is what I wanted this show to do.
I wanted to accomplish this.
And thank you so much. Tim,
great job.
Thanks for having me.
Great job. Ivan,
Michael, thank you, gentlemen.
Hey, be sure to do your own research about these best
investing strategies for you.
Folks, we'll be right back.
Thank you.
[THEME MUSIC PLAYING]
[APPLAUSE]