In this episode of the Millionaire Mindcast, we have a fantastic guest, Timothy who shares wisdom, insights, and knowledge about how to make a real difference, the importance of giving back, the role of education these days, stock market strategy, and the danger of earning a lot of money too quickly!
Timothy Sykes is an entrepreneur, a world traveler, philanthropist, trading teacher and influencer, millionaire trader, and co-founder of Karmagawa, a charitable organization dedicated to saving the environment, endangered species, and more.
Through the Timothy Sykes Foundation, 35 schools have been built or are in development, in over a dozen countries around the world. He’s been featured in a variety of different media outlets, including CNN, CNBC, Fox Business, Fox TV, Forbes, Larry King, Men’s Journal, and Steve Harvey.
Before Tim got into the education world, he failed in growing his hedge fund not realizing that he didn’t have the rules and risk management. He was always drunk and lost all his industry credibility. Until he found clarity and shifted his life. The opportunity came to him and started teaching people online, helping and showing everyone his trades.
But Tim doesn’t teach people to be rich but teaches that success is in their failure. He makes video lessons on every single loss and mistake, as well as wins in trading. Shares photos, videos, knowledge, and posts that really hit people. Tim became a number one trader that earns a lot of money, as well as a mentor that he wished he had in the beginning.
However, he realized that it’s not only making the biggest bank account but taking care of his passion, helping his family and himself, and helping the world, make an impact, and make a real difference. His goal is to build thousands of schools. Now, have built 70 schools so far, trying to help one emergency at a time, and help communities that are involved.
On the other side, despite this pandemic, Tim believes that this is the best time to educate yourself. It is by learning digitally and remotely. Take advantage and learn things to adapt to the new normal, and changes to do better. It’s always hard and messy in the beginning, but through sharing education in the world, nothing is impossible.
In addition, every single person must have a goal to achieve. and it's okay to change goals and adopt new things. Challenge yourself, and do what fulfills you and push yourself. Charity becomes his new challenge after achieving all the material things he has ever wanted. This year, Tim donated all his trading profits to charity.
But then warns that if you’re trying to get as much money as you can with nothing else, you might succeed but you will not be happy. It is using our humanity to our advantage rather than trying to do everything on your own and keeping other people out of your life. It is education, having heart, and really embracing and not ignoring our community!
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An American Hedge Fund book by Timothy Sykes