To The Core | Rick Trimmer: From Losing Everything to Achieving Financial Freedom

On today's episode of Revitalized Womanhood, Gina is joined once again by her husband Rick, who shares detailed insight on the world of business and real estate. He shares, from start to finish, the story of his success, sharing the bumps in the road he encountered, pushing listeners to stay resilient in their own lives. From finding himself and his family drowning in severe debt to the job offer that catalyzed his own business empire, Rick provides a candid view on the journey he took to get to where he is today. Gina and Rick share advice on handling financial crises and tips and tricks that they have acquired along the way, including a list of books that they swear by!     See the detailed show notes and timestamps below for more information.   Join the Revitalized Sisterhood    Connect with Gina Trimmer on Instagram    Join the Free Revitalized Womanhood Facebook Community   On this episode:   (0:30) Gina welcomes Rick back to Revitalized Womanhood and introduces today's topic of finance.    (3:00) Rick begins by summarizing today's topic regarding Rick and Gina's story in terms of finances and real estate in particular.    (5:15) Gina explains that lifestyle changes and self awareness are key to becoming successful with finances.    (6:15) Within relationships, Rick encourages partnerships to figure out who is better with dealing with money.    (7:30) Rick and Gina's story begins, Rick explaining where he was in the business world at 25 when he began dating Gina.    (9:00) Rick's company, United Wood Products, began in 2006. He explains the first mistakes he made when he was wasting money on unnecessary purchases.    (11:40) Rick's company hits a recession. He talks about his hardships and extreme losses from 2008-2011.    (13:40) Rick's company's decline leads to him having to sell his family's house, where Gina was pregnant at the time. At this point he is heavily in debt.    (15:20) Gina adds that at this point she was working as an emergency dispatcher, an income her family and she were living on at the time.    (16:15) Rick shares an important piece of advice he's been told which he began living by: "It's not about how much you make, it's how much you spend." He then shares the envelope system.    (18:30) Rick expresses gratitude for Gina's patience at the time, emphasizing the importance of couples working together as a team in times of financial difficulty.    (20:40) Rick mentions his negotiation tactic which helped to lessen his debts he still owed, and takes accountability for his actions.    (22:20) After their first child was born, Gina and Rick explain the fear they still felt in anticipation of the possibility of further owed debts.    (24:15) Despite his rocky start, Rick encourages resilience. With a new job, he is able to pay off his debt.    (26:00) Rick buys a lot with his new source of income and money he has saved along the way   (27:50) Gina talks about social media marketing and avoiding temptation.    (30:00) Rick sells his lot to make a profit, beginning his journey into real estate.    (32:00) Rick goes further into the smaller jobs he was beginning to take, and how he was saving his money and in turn making more.    (35:00) Rick gets an opportunity to loan money to a friend, and goes for it. He ends up loaning more, and acquiring a new lot.    (40:00) Rick buys a second condo despite his low finances and low credit, and Gina reflects on the hard work in refurbishing the condo.    (43:15) Rick explains the journey of buying more condos without having a large sum of money.    (45:10) Rick goes into how much he was making each year with buying and reselling the condos and Gina's refurbishment.    (46:30) Rick reiterates how much he lost at the beginning, and the correctment it took to get where he is now.    (48:20) Rick goes over the timeline of his journey with his businesses, and pushes couples to work together and make a focused plan to succeed.    (51:55) Rick and Gina share perspective and the idea of the value of an item equaling the time it took to create that value.    (54:10) The mantra, "You only live once" is interpreted by Gina and Rick.    (57:00) Rick shares more tips on success, emphasizing being careful and utilizing your skill sets and creativity.    (1:00:40) Financial freedom is entirely possible, Rick reiterates.    (1:03:30) Gina and Rick share their beliefs on sending kids to college right out of high school, encouraging a gap year and sharing its benefits.   (1:06:30) Rick shares a list of books that have changed his life regarding financing. Gina and Rick recommend a website that summarizes books, Blinkist.    (1:08:10) Rick offers coaching to listeners on their financial situations.    (1:08:55) Rick and Gina discuss an event coming up with the members of the Revitalized Womanhood Sisterhood on December 10th in New Harmony, Utah.    (1:12:00) Gina thanks Rick for joining her on today's episode, and giving insight on experiences with financial difficulties.   See the detailed show notes and timestamps below for more information.   Join the Revitalized Sisterhood    Connect with Gina Trimmer on Instagram    Join the Free Revitalized Womanhood Facebook Community   On this episode:   (0:00) Gina welcomes Rick back to Revitalized Womanhood and introduces today's topic of finance.    (3:00) Rick begins by summarizing today's topic regarding Rick and Gina's story in terms of finances and real estate in particular.    (5:00) Gina explains that lifestyle changes and self awareness are key to becoming successful with finances.    (6:00) Within relationships, Rick encourages partnerships to figure out who is better with dealing with money.    (7:30) Rick and Gina's story begins, Rick explaining where he was in the business world at 25 when he began dating Gina.    (9:00) Rick's company, United Wood Products, began in 2006. He explains the first mistakes he made when he was wasting money on unnecessary purchases.    (11:20) Rick's company hits a recession. He talks about his hardships and extreme losses from 2008-2011.    (13:15) Rick's company's decline leads to him having to sell his family's house, where Gina was pregnant at the time. At this point he is heavily in debt.    (15:00) Gina adds that at this point she was working as an emergency dispatcher, an income her family and she were living on at the time.    (16:15) Rick shares an important piece of advice he's been told which he began living by: "It's not about how much you make, it's how much you spend." He then shares the envelope system.    (18:00) Rick expresses gratitude for Gina's patience at the time, emphasizing the importance of couples working together as a team in times of financial difficulty.    (19:40) Rick mentions his negotiation tactic which helped to lessen his debts he still owed.    (22:00) After their first child was born, Gina and Rick explain the fear they still felt in anticipation of the possibility of further owed debts.    (24:00) Despite his rocky start, Rick encourages resilience. With a new job, he is able to pay off his debt.    (26:00) Rick buys a lot with his new source of income and money he has saved along the way   (27:30) Gina talks about advertisements and avoiding temptation.    (29:50) Rick sells his lot to make a profit, beginning his journey into real estate.    (33:00) Rick goes further into the smaller jobs he was beginning to take, and how he was saving his money and in turn making more.    (34:55) Rick gets an opportunity to loan money to a friend, and goes for it. He ends up loaning more, and acquiring a new lot.    (40:00) Rick buys a second condo despite his low finances and low credit, and Gina reflects on the hard work in refurbishing the condo.    (43:00) Rick explains the journey of buying more condos without having a large sum of money.    (46:00) Rick goes into how much he was making each year with buying and reselling the condos and Gina's refurbishment.    (47:30) Rick reiterates how much he lost at the beginning, and the correctment it took to get where he is now.    (50:00) Rick goes over the timeline of his journey with his businesses, and pushes couples to work together and make a focused plan to succeed.    (53:00) Rick and Gina share perspective and the idea of the value of an item equaling the time it took to create that value.    (55:20) The mantra, "You only live once" is interpreted by Gina and Rick.    (59:00) Rick shares more tips on success, emphasizing being careful and utilizing your skill sets and creativity.    (1:02:00) Financial freedom is entirely possible, Rick reiterates.   (1:04:40) Gina and Rick share their beliefs on sending kids to college right out of high school, encouraging a gap year and sharing its benefits.    (1:07:40) Rick shares his list of books that have changed his life regarding financing.    (1:09:20) Rick offers coaching to listeners on their financial situations.    (1:11:00) Rick and Gina discuss an event coming up with the members of the Revitalized Womanhood Sisterhood on Friday, December 10th.    (1:13:00) Gina thanks Rick for joining her on today's episode, and giving insight on experiences with financial difficulties.