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Ted Dhanik

👤 Person
168 total appearances

Appearances Over Time

Podcast Appearances

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

Now, who got me to where I am today? a bunch of different coaches and mentors and people that have been really successful at what they've done. I have a book, it's called Winning by Osmosis, and it literally talks about how you should be aligned with people that are bigger than you, and very specifically, aligned with people that are better than you at the exact things that you want to be good at.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

Now, who got me to where I am today? a bunch of different coaches and mentors and people that have been really successful at what they've done. I have a book, it's called Winning by Osmosis, and it literally talks about how you should be aligned with people that are bigger than you, and very specifically, aligned with people that are better than you at the exact things that you want to be good at.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

Now, you and I have been doing this religiously forever. We literally align ourselves with, I want to be really good at short-term rentals, so I'm going to go find the guys who are crazy crushing it, and I'm going to try to add some value in their lives and align myself with them.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

Now, you and I have been doing this religiously forever. We literally align ourselves with, I want to be really good at short-term rentals, so I'm going to go find the guys who are crazy crushing it, and I'm going to try to add some value in their lives and align myself with them.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

Now, whether it is some sort of an exchange and I'm mentoring them in something, they're mentoring me in something, or I'm paying them for their time to coach me, you know, it is critical. That is, I would say, we spend a lot of money on coaching ourselves, you know, a lot of mentoring and coaching, whatever it is.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

Now, whether it is some sort of an exchange and I'm mentoring them in something, they're mentoring me in something, or I'm paying them for their time to coach me, you know, it is critical. That is, I would say, we spend a lot of money on coaching ourselves, you know, a lot of mentoring and coaching, whatever it is.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

Our time is money, whether I'm contributing my time to add value to somebody's life so they can teach me the game or I'm literally paying them. But I would tell you that that is the fastest way to get in any game and win. The end win part is the most important part.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

Our time is money, whether I'm contributing my time to add value to somebody's life so they can teach me the game or I'm literally paying them. But I would tell you that that is the fastest way to get in any game and win. The end win part is the most important part.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

Sure, so this is funny that Dan asks me this because he's the youngest guy to take a company public in history and he told me not to do it a long time ago but I did not listen to him and I don't know if I should have listened to him at this point but I will tell you one thing, I'm gonna do it again because we have this unique talent And not a lot of people do.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

Sure, so this is funny that Dan asks me this because he's the youngest guy to take a company public in history and he told me not to do it a long time ago but I did not listen to him and I don't know if I should have listened to him at this point but I will tell you one thing, I'm gonna do it again because we have this unique talent And not a lot of people do.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

Taking company public, going through the fire, walking through coals. It's like not Tony Robbins coals. The coals are actually on fire. You're walking through that, and then somehow you feel accomplished, even though you get beat up every single day. You feel really accomplished because it's really hard to do. But you do gain this thing called accountability, which is unparalleled.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

Taking company public, going through the fire, walking through coals. It's like not Tony Robbins coals. The coals are actually on fire. You're walking through that, and then somehow you feel accomplished, even though you get beat up every single day. You feel really accomplished because it's really hard to do. But you do gain this thing called accountability, which is unparalleled.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

No one has the kind of accountability that we do because of Sarbanes-Oxley and SOX compliance and all this other stuff and auditing and everything else. So it's really interesting. But to answer your question, Yes, I would do it again. But I decided to do that because there's a gentleman who taught me the game.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

No one has the kind of accountability that we do because of Sarbanes-Oxley and SOX compliance and all this other stuff and auditing and everything else. So it's really interesting. But to answer your question, Yes, I would do it again. But I decided to do that because there's a gentleman who taught me the game.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

He taught me how to acquire companies without any capital, without any cash at all, selling a dream. And he had the biggest dry cleaning operation in history. It was called U.S. Dry Cleaning. He did a big roll up and then eventually did dry cleaning. I mean, they eventually did a grilled cheese truck. Anyway, so he needed some value from me. So he wanted me to help him market Grilled Cheese Truck.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

He taught me how to acquire companies without any capital, without any cash at all, selling a dream. And he had the biggest dry cleaning operation in history. It was called U.S. Dry Cleaning. He did a big roll up and then eventually did dry cleaning. I mean, they eventually did a grilled cheese truck. Anyway, so he needed some value from me. So he wanted me to help him market Grilled Cheese Truck.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

And so he came to us as a client and I learned everything from him. And he taught me how to sell a dream. And basically what it was, was basically I was acquiring companies. Sorry, LA Times article about this many years ago. But I acquired, I rolled up $100 million worth of tech companies for zero cash. And I did it with selling a dream.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

And so he came to us as a client and I learned everything from him. And he taught me how to sell a dream. And basically what it was, was basically I was acquiring companies. Sorry, LA Times article about this many years ago. But I acquired, I rolled up $100 million worth of tech companies for zero cash. And I did it with selling a dream.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

So I went to these companies, these startups and a variety of different companies and basically said, hey, we're looking to go public. We're going to roll this whole thing up and all of us are going to share the upside in a public exit. And it worked and it did really well.

The Money Mondays
Ted Dhanik Shares His MOST Valuable Money Lessons 📈 E96

So I went to these companies, these startups and a variety of different companies and basically said, hey, we're looking to go public. We're going to roll this whole thing up and all of us are going to share the upside in a public exit. And it worked and it did really well.