086: Creating Millionaires 💰 from Pennies ¢ (w/ stock trader Timothy Sykes of Profit.ly)

Entrepreneur Stories 4⃣ Inspiration

Millionaire Interviews Podcast & Sir Austin Peek

Careers, Business:careers, Business

4.7 • 2K Ratings

🗓️ 1 January 2021

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Timothy Sykes is a day trader by day & co-founder of Profit.ly by night. After an elbow injury eliminated his aspirations as a pro tennis player, Tim set his sights on the stock market. In high school, he used the $12,415 he’d saved from his bar mitzvah money to invest on the stock market. Before he graduated, he’d turned that $12K into $125K. Today, he’s earned close to $5 million in profits, all from trading. This Episode is Sponsored By: Gusto is making Payroll, Benefits, and HR easier for small businesses. In fact, 9 out of 10 customers say Gusto is easier to use than other payroll solutions. Gusto also saves you time – 72% of customers spend less than 5 minutes to run payroll. Get Three Months FREE by using this link: millionaire-interviews.com/gusto. *** For Show Notes, Key Points, Contact Info, Resources Mentioned, & the Fabulous 4 Questions (special preview below) on this episode visit our website: Timothy Sykes Interview. *** Support this Podcast via Patreon Fabulous 4 Questions (answered by Tim Sykes) 📖 📚 Favorite Book(s)? Reminiscences of a stock operator by Edwin Lefèvre & Roger Lowenstein, Losing my virginity and bold by Richard Branson. 🙌😎 Favorite Amazon.com purchase? Tendskin for razor burn 🌱💸 Favorite Tool that's GROWN your Business? Zendesk as i get 1,000+ messages/day asking me financial questions, this allows me to organize them. 💭💡 BIGGEST Challenge keeping your Business from GROWING? Too busy, not enough time for everyone, need to clone myself, cloning banned by the UN though :( More Tools & Information on this interview and others can be found on our website: Millionaire Interviews Podcast.

Transcript

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0:00.0	And the way that I work is all based around the stock market.
0:04.2	That's priority number one.
0:05.6	Like I'm not like just some random guy selling drugs
0:08.9	or trading Bitcoin, you know, 24.7.
0:16.1	Just a heads up.
0:17.3	Before you go much further with this episode,
0:19.8	there is some foul language.
0:21.9	So if you're not in appropriate setting
0:23.5	to hear some F-bombs, then you might want to tune
0:26.6	into this episode at another time.
0:29.7	Full disclosure, for this interview and really all of them,
0:33.9	we do our best to limit the profanity.
0:36.4	But at the end of the day, I want our guests to be real
0:39.2	and be themselves.
0:41.0	So with that in mind, let's get this **** started.
0:48.4	Sure, I mean, nobody ever grows up
0:50.7	wanting to be a penny stock true.
0:52.8	I hope.
0:53.8	Yeah, that's what I'm like.
0:54.8	Like, hey, I want to be like the Wolf of Wall Street.
0:57.2	And this is not what I wanted.
1:02.8	Every penny stock has a seemingly amazing story
	...

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