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The Passionate Few

The $1.1 Billion Dollar Investor: "95% Fail, Here's How the 5% Build Real Wealth!"

The Passionate Few

OMAR ELATTAR

Education, Entrepreneurship, Self-improvement, Business

4.9 β€’ 602 Ratings

πŸ—“οΈ 10 September 2025

⏱️ 118 minutes

🧾️ Download transcript

Summary

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In this episode, we sit down with oil & gas investor Troy Eckard, who shares how he went from humble beginnings in Texas to managing over $500 million in energy assets. From surviving the 2008 financial crash to building a recession-proof investment strategy, Troy reveals the lessons most wealthy people never learnβ€”about money, meaning, and true legacy. If you're ready to shift your mindset around investing, leadership, and generational wealth, this one is a must-watch.

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Timestamps
00:00:00 – Intro: Meet Troy Eckard ($500M+ investor & energy expert)
00:01:35 – Growing up poor in Texas & early money beliefs
00:04:20 – How he built his first oil company with no degree
00:09:15 – Lessons from almost losing everything in 2008 crash
00:12:48 – Getting back up: what Troy changed after losing it all
00:16:50 – Understanding investors: FOMO vs true discipline
00:21:22 – Why most investors don't know what they actually own
00:25:05 – The importance of in-person meetings and proximity
00:30:00 – Land development, oil, and the power of barriers to entry
00:36:42 – The "gold vs water" metaphor & the real value of control
00:42:15 – What most millionaires get wrong about money
00:45:50 – Why 75% of the wealthy Troy knows are miserable
00:50:55 – The 95/5 Rule: mindset that separates winners from the rest
00:55:04 – Real legacy vs generational wealth that disappears
01:00:00 – Business advice: don't chase trends, build for 10+ years
01:06:15 – How his partner scaled from $3M β†’ $30M by supplying competition
01:09:55 – Why land never goes down & how Troy thinks about buying it
01:13:40 – What smart investors actually look for
01:18:05 – Proximity, lifestyle upgrades, and mindset elevation
01:23:00 – How to build authentic relationships that last decades
01:29:45 – The return of face-to-face leadership & client connection
01:35:10 – What's next for the U.S. economy (Troy's take on Trump, inflation & oil)
01:42:00 – Troy's final wisdom: dream big, pay the price, live fully
01:54:33 – Lightning round: quick fire insights on money, success & faith
01:55:00 – Outro & where to find Troy online

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Transcript

Click on a timestamp to play from that location

0:00.0

I was 26 when I crossed the line and made my first million dollars and had a million dollar net worth.

0:04.0

And in 2008, I probably lost 85% of my net worth.

0:21.8

Now I'm having to tell my wife and kids, we're selling the houses, we're selling your cars. We've got to survive. We've got to manage our business. And we picked up everything we had and moved back to Dallas from San Antonio. Troy Eckerd is the CEO of Eckerd Enterprises. After facing a major market crash and early failures in drilling ventures,

0:21.3

he turned setbacks into long-term success in oil, gas, and wealth management.

0:26.1

Building a portfolio of over $1.1 billion, over 8,500 wells and delivering more than $180 million

0:32.6

in investor returns and still growing. How bad was it at its peak negative position? Well, I had a group about seven different other entrepreneurs I was friends with seven out of the eight of us never made it back on the minimum. We just closed a $120 million deal with this last week. My first thought as soon as we just closed out, I go, what's next? What are we buying? What are we doing? You could literally take away all my assets today, just 61 years old. I'll have a million dollar business in 24 months.

0:54.3

When I hear somebody says, I want to be rich, it's guaranteed failure. But if you talk to somebody who truly wants to be successful, they say, I want to solve a problem. Entrepreneurs have gotten lazy. Give your money to a financial planner. Give your money to hear, do this, do that, buy Bitcoin. You're investing in things they have no clue about. They're investing for all the wrong reasons, and yet they're still doing it.

1:09.7

What's the biggest lesson you've learned

1:11.0

from working and doing transactions with billionaires?

1:13.3

If you can't see it, touch and yet they're still doing it. What's the biggest lesson you've learned from working and doing transactions with billionaires?

1:13.3

If you can't see it, touch it, kick it, or feed it, I would be scary to invest in.

1:16.1

Here's what I would tell most business owners.

1:25.2

Before we get into this epic interview, I have one quick ask.

1:28.1

The data shows that almost 80% of you guys who watch the show aren't yet subscribed.

1:32.3

So if you could do me one quick favor and click that subscribe button right now, it would mean the absolute world to us.

1:37.6

And with no further ado, enjoy the show.

1:39.7

Hey guys, welcome to this episode of The Passionate Few Podcast.

1:41.9

Today we have a brand new episode with the man the myth

1:44.7

legend himself the multi-millionaire and multi-billion dollar mindset expert troy ecctor thanks so much for

1:51.3

being on the show today troy no more thanks for having me i appreciate it absolutely boss so we've had you on the

1:55.6

show before grateful that you're able to uh fly over here in Vegas for around two and today i really

2:00.7

want to dive into your mindset because you've had, you know, you've built this amazing business. You've had this tremendous experience where with over 10,000 plus multi-millionaires, multi-billionaires, you've gotten to see, quote unquote, success behind the scenes. So before we get into today's interview and debunk some of these myths on the mindset that it takes to be successful,

...

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