Jim Shorkey built his family’s auto business into more than 9 dealerships, over 800 employees and 15,000 new & used car sales per year. This podcast explores how he did it.
In 1996 Jim Shorkey Jr.’s father died and left him the Jim Shorkey Auto dealership. With his experience as a sales manager, Jim Shorkey was arrogantly sure he was going to be successful growing this business. Instead, he brought it to the brink of bankruptcy.
Jim had to grow his skillset and discipline quickly to save the family business. He credits mentors and the book Think And Grow Rich for how he was able to turn things around.
Join Aaron in this episode as he finds out how having a mentor and reading a book multiple times helped to pivot Jim’s perspective and why he plans to live to 122 years old.
Jim Shorkey’s Challenge; Buy Think And Grow Rich, read it at least three times, and disagree with him.
Connect with Jim Shorkey
If you liked this interview, you’re gonna love our episode Don’t Marry Your Business, Commit to Your People w/ Jason Wolfe.
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Shorkey: That's the interesting thing about goals, but you can go beyond the goal and you will, if you're running this thing the right way, you'll go beyond the goals. It's not the goal. The goal isn't the key, the key is what you become in pursuit of the goal. And oftentimes when you're doing things the right way, you actually will get to a point where it's time to get the goal. And it's like, I don't even want that goal anymore. I want this, but you have the financial wherewithal to do it.
Watson: Hey, everyone. Welcome back to going deep with Aaron Watson today's episode with Jim Shorkey is a tour divorce. We get into how he transformed his family business from one dealership to many selling hundreds, to selling thousands of cars per year, and also how he went from the company being on the imminent verge of bankruptcy to having more economic and financial success than 99% of dealerships out there.
I am confident that you will be blown away by Jim's energy, the clarity of his vision, and a whole lot more. So let's get into it. Here is Jim Shorkey.
You're listening to going deep with Aaron Watson.
Jim, I'm super appreciative that you're making the time to be on the show. I'm really excited.
Shorkey: I'm super glad you're making the time to have me on the show. I love it, I love it. I'm glad to be here. So I wanna paint a picture and I was reading your book and I saw these kinds of two stats that really, to me, summarize one of the many transformations that you've experienced over the course of your life.
Watson: And that is 1998 and the year 2019 in 1998, your family car dealership was one dealership. Yes. With 40 employees and was selling. 800 new and used cars per year. Correct. And by 2019 you had built that into nine dealerships, over 800 employees and more than 15,000 new and used cars sold per year.
Shorkey: Correct. There's a lot of principles that made that possible. It's not, we can just, you know, give them one prescription and let 'em run there, but to kind of start things off. Can you take us back to those early days of running the family business, where your mindset was and what needed amending? Okay, so, my father is the founder of the company, so I'm second generation.
So the company was founded in 1974. And at that time it was called Courtesy Oldsmobile Jeep. So it really is a 50 year old company that said I, I always worked in the car business. I worked part-time jobs in high school and college. And, you know, I always wanted to be in the car business. I always wanted to sell cars from a young age.
And that was obviously a great deal because my dad, you know, worshiped the ground he walked on. I wanted to be like dad, that kind of thing. But I always wanted to be a car salesman. So, you know, fast forward to 1979, I graduated from college. I have a degree in economics and math and I, you know, people thought, what are you gonna do now?
I'm gonna go sell cars. Like what? You're gonna go sell cars. Yeah. I saw what I wanna do. So I, 1979, I'm selling cars. And then I did very well selling cars. And so I got moved up into the business and, and so proceeded to run my career and it was mainly a run selling. So I was a salesman and I directed sales and I was at the end of the, at the end of, of that, that part of it.
I was the general sales manager. My father was the founder and the owner and the operator, and he ran everything except for the cells and even oversaw the sales as well. So my father died very suddenly March 24th, 1996. And he literally dropped dead. He was only 63 years old.
Watson: And how old were you at the time?
Shorkey: I would've been 19 1996. I was 30,39, right? Yeah. 39, 39 years old. Yeah. And so I still miss my dad. I mean, I met with my dad every single day. My whole career in the car business, except for, at the beginning, I met with him every day. We would get together at 8:30 in the morning and talk about the car business and, and, and, you know, oftentimes it was about life, you know?
And so my dad died. At that time, my wife and I owned 24% of the stock of the corporation. So we were owners and I was the air parent. It was all set up, all legalized that I would be the, the, the, the guy that would run it. So my dad died. And I often say, Aaron, if I knew half as much as I thought I knew when my dad died, I would've been pretty darn smart.
The fact is I really didn't know what I was doing, but I was arrogant. And so it's one thing to not know. That's one thing, that's, that's a bad idea. It's another thing to not know, but think, you know, that's called arrogance, right? Mm-hmm . And so I didn't want any help. I didn't want any advice. I didn't want any, any assistance.
All kinds of people reached out to me cuz my dad was a well thought of man in the automobile business. And I just didn't want any of that. I just, I got this, I got this, I got this. So two years later I ended up in bankruptcy. I got a phone call from my sister on a Sunday evening that tomorrow morning when we open up the dealership, the bank account's gonna be a negative $55,000 checks are gonna bounce, bounce.
Excuse me. And you know, so it was a devastating thing. Very devastating, very depressing, very sad. I mean, this is my dad's business. He has run it for 22 years. I've been running for two years. We're in big trouble. So needless to say I didn't sleep that night. I got up the next morning. First thing, I headed for the bank.
I believe you needed to confront your problems, head on headed for the bank and I told Lazar was my my connection. He met me at the steps. They weren't even open yet. I was there before they opened much the same as you and I just talked about. And so I'm there early and this is a big deal.
Big problem. I'm sad. I'm depressed. I shouldn't say I'm depressed. That's a clinical thing, but I was very sad, very upset. Cuz probably anxious. There's probably an anxious, anxious. Yeah, anxiety. I really felt in my mind, at least in, I felt that these were my dad's checks and like how could I do this? How could I let my dad down like this?
Like I felt that they were his checks and his name was on the check cuz it was Jim Shorkey. I'm Jim Shorkey. Jr. So it was always Jim Shorkey. Jim Shorkey Jr. My son's Jim Shorkey III. So, so anyways, so, so Lazar assured me that these checks would not bounce, which was like, oh thank you so much. I borrowed a hundred thousand dollars.
To get the business floating again. And I had to get to work. And so now it was time to get to work. And I realized just how stupid I had been. I mean, really stupid. I'm not afraid to say that's not self-deprecating. It's a fact. I was just dumb. And so at the time I was reading this, this book called Think and Grow Rich by Napoleon Hill written in 1937 to the height of the great depression.
And it was a book about how to get rich, because if you're, if you think about it, the great depression, people didn't have money. And so he wrote this book, Napoleon Hill did for, to, to give people the opportunity or the guidance they should say to make money. Right. So, I have his book, I'm reading it, but I'm not really executing.
And I think a lot of us do that. Like, we'll get a vocal reader, be like, okay, let's go read another book. Wait, wait, let's do the first one first. Right. So I wasn't executing it. So I executed it. So I decided at that time I had a, a Napoleon was long dead, but I had a conversation with Napoleon Hill on a spiritual basis.
And I said to Napoleon Hill, if you get me outta this mess, and it was a big mess, I will do exactly what you tell me to do. I will dot the I's cross t's I will do exactly what you tell me to do. And number one, number two, I will never be arrogant again ever, ever, ever, ever. And so that became my credle that became my call to arms call to action.
So I got, I, I got the book, I, I got a pen, I got a highlighter. I started dotting the I's and crossed the t's. And one of the things that comes, if, if you've read the book, one of the things that comes out very, very paramount in the book is seek expert counsel, find somebody who's smarter than you and have a conversation.
Find somebody who's done what you want to do and, and, and have a conversation they've done successfully. You say, find somebody who has done it successfully and then have a conversation. And so, and, and along those lines, if you're the smartest guy in the room, you're in the wrong room, you need to get out of that room.
You need to get in the room, the best room for you to be in is the room where you're the dumbest guy in the room, the dumbest girl in the room. Right. So that would, that was the advice I took from that was the credo. Right.
Watson: And that's kind of a paradox where I think it's, I don't know if it's Yogi Berra or someone has the lines. Like, I don't wanna be a part of any club that would let me in, which is the sub. The subtext of that is I'm trying to reach those most exclusive rooms. Not because it's a prestige thing that that's, the error is like thinking it's an ego prestige, look at how cool I am for being here. It's because the folks that really kind of cloister together that have these secrets, it's not necessarily that they want the secrets, but they can be, you know, completely torn apart if they were just to fully themselves open to the public.
Yeah. And if you can find your way into those spaces, you're going to get access to wisdom. That's hard earned.
Shorkey: It's unbelievable. Yeah. And, and so it's, that's an interesting thought in and of itself is that the people that are in those rooms, they're so gracious and they're so willing to help, you know, they want to help, they want to pass this information on, they want this to be their legacy as well.
Just like I do. That's why I'm doing what I'm doing now. And so but anyways, it was to seek expert counsel. Right. So that was the message. And so I, I, I went and did that. I went to Mr. Hamilton, who was my dad's former partner. And I went in now and now think about it. Two years ago. I'm Mr. Arrogant. Now it's like, man, I got I'm I'm I'm embarrassed.
I got my tail between my legs. I got my hat in my hand. Right. And I went to Mr. Hamilton. I said, Hey, Mr. Hamilton I, I, I don't know what I'm doing. I need help. I would like to get a list from you. Top 10 things I should be doing to be a successful automobile dealer. And he called me James.
Everybody called me, James, the seniors call me James. The younger people call me, call me Jimmy, my friends, I should say, call me Jimmy. But I was James to him. He said, James, let me think about that. Come back tomorrow morning. I'll have a list for you. So I go back the next morning and he has this really cool typed up list.
I wish I could show it to you. Yeah, I, I, whatever I did with it, but usually I keep stuff like that. But anyways, I can't, I came back this morning, he hands me the list and I started to do this list. Right. But he was also in the car dealership business. Oh yeah. Mr. Hamilton was very, I'm sorry. Yeah.
I, I assume people know that Mr. Hamilton was a very successful automobile dealer brought my dad into the car business was my dad's partner at one time. And he, he, he had the boats, he had the cars, he had the, he had the houses, everything I wanted, I wanted to be was, was him in terms of the, the, the financial aspect of things and the material aspect of things he just did.
And so, so I go to him and so next, I, I get the list. He gives me a list and I, and I start to execute the list. That's all I did. I said, here's this list, these 10 things. And so if you can understand this analogy or this figurally speaking, so here, this is me, this is my, this is my needle. And it's flat, man.
There's a bar. There's not a pulse, right? So I start doing a list and I can see this thing start to bump, man. I could see it. Like I start doing a list and I'm doing it, doing, doing the needles, moving I'm, I'm starting to see some light at the end of the tunnel, and it's not a train coming the other way. And it's like, this is, this is cool.
So I go back for more ideas, Mr. Hamilton, again, very great. This was all free, by the way, very gracious gave me more ideas. Then I reached out to Chrysler financial, who was the financial arm of Jeep at the time Jimmy Lawn. And they come in and, and they just, they, they were so gracious and so nice. And they, they gave me a, another great
idea, which I, we don't have time to get into, but it was a really, really great approach to this thing. Right. And then I reached out to GMC Jim Kacharski also. These were, by the way, we're very good friends with my fathers and I think that's part of it. Right, right. And so I go to Jim Kacharsky and he sends me this.
And you wouldn't even notice cuz you're too young, but they were VHS tapes. Okay. These things were about this big. Right. And you put 'em in and it was, it was a videotape, right. It was how to be a, how to run a car dealership. And there were four modules and workbooks. And so I got those things and I wore them out.
I just kept watching and watching, watching 'em and I joined think tanks, the smartest guy in the room. Wrong room. So I went to these think tanks where these people were very successful and, and I got involved and I went to a training program. So I'm talking to a CPA and in this training program I joined different think tanks.
And I reached out to Allar my, my banker, Hey, what, what should I be doing? Allen just kept doing that. Right? And so over time, I developed this, this list and this list and this list, and it got bigger and bigger and bigger, and it kept executing lists. That's all I did was execute this list. And and so it went from bankruptcy, imminent, you know, like you said, 800.
Cars per year, and it might have been a thousand. It was in that range, right. 800 a thousand. And, it was in fact 40 employees and it was one dealership. It was courtesy Oldsmobile Jeep. Well, from there, let's forget about 2019 because I left in 2016. But today, following these same principles, which my children do.
So my wife and I turned the business over to the children back in 19, I'm sorry, 2016. It was a part of our estate plan. So we're out, we are not owners. We, we do have nothing with respect to the car dealerships either than real estate. Okay. So we're out, my children, four children, Katie Jim III, Russell, James, and Daniel James.
They own the dealership 100% free of charge and clear of us. So we make no decisions. We're not involved every once in a while. They ask our advice and, and very quickly ignore it, you know, my kids do. But anyways, so, so today. That dealership group is 17 dealerships. They have a group in Georgia. They have a dealer group of five dealerships in Georgia.
They have a dealership in a pretty sizable dealership in Boardman, Ohio, and then they just bought a Toyota dealership in the North Hills. So they have a Toyota North Hills Mitsubishi, Kia and Chrysler, Dodge, Jeep,. You reap Jeep rent trucks and north Hills two Chevrolet dealerships. And so it's like 17, 16, 17 dealerships, depending on how they do the math.
It has north of 1100 employees and it sells 25,000 cars per year, north of that. And so that's the power of what we're talking about today.
Watson: Were there going back to the, the kind of two year stretch where the business that your dad had built your first two years holding the rains before you had the mentors, as you were heading towards bankruptcy a minute, are, are there just simple unforced errors that were so clear in hindsight, but that you were making, whether it was, you know, really overspending in a certain area or, or focusing on the wrong thing?
Shorkey: Can you just articulate maybe like some of those things that needed to be clarified? So remember my dad died. Okay. And it was my father who worshiped the ground. He walked on, but at the same time, I'm Jim Shorkey Jr. I'm gonna make this bigger than it had ever been before. Right?. So I wanted to make it bigger.
Right? Sell more cars, make more money, everything big, big, big, big, big, big, big, big. And so that's the mistake. Okay. So, when you're running a business, the most important thing that we have to pay attention to as business owners is our cash position. Right? And so when you make this business bigger, it takes more cash to run it.
Anytime, unbeknownst to me, cuz I didn't understand it. We're bleeding. Cash. Right. And so as I got into it, as I got into the accounting of it, and when I realized that bankruptcy was imminent, I'm talking to a CPA. And I said, I showed him my numbers. I was in a training seminar actually. And I sh and I, I, I, I, I, I well, this, this is a long answer.
Shorkey: A short question. No. So, I did it, they had us do it in this training seminar. It was a CPA driven thing and had us do what is called a Z factor. And a Z factor is seven different ratios on your financial statement. Your, so your financial statement consists of your balance sheet and your income statement, right?
So you take these two statements and you put these ratios together and there's seven of 'em and it comes, it, it, it comes into what is called a Z factor. And I don't remember what the ratios are. It was like debt income, and, you know, your, your, your assets and just different stuff like this. There's some of 'em.
So they said, okay, we want you to do your Z factor. And the Z factor is a measurement of your, of your, the strength of your business. Right? So I go through the calculation and it turns out this is where I got this idea about bankruptcy. And it turns out, it says bankruptcy is imminent. I'm like what the crap, I must've done something wrong.
I'm a math guy, right? Yeah. Go through and pay attention. He raised everything. Bankruptcy, imminent. I'm like, what the heck is this? So I'm really upset. I'm sad. I'm disappointed with all that. I go to, I wait till everyone else leaves the room, cuz this is embarrassing, right? Yeah. Your hand. Yeah. By the way, I'll better zoom over here.
Like no. So I wait until the end. I went up, I got tears in my eyes. I said, Hey, this is my number. Yeah. And he said I said, this isn't gonna happen. This isn't happening. This, this is not gonna happen. I guarantee this isn't gonna happen. What should I do? He said, you gotta get small. And there's your answer.
Yeah. If you gotta get small. I'm like, what are you talking about? You gotta cut everything. If you gotta cut the paper clips. If you have an employee that is not necessary, you gotta move them out. You gotta cut everything. You can advertise, whatever it is, you gotta get yourself so small that your breakeven point, which is an important number, is low enough that you can now sell a reasonable number, number of cars and make money and start building your cash position.
Great position back up. Plus if you're liquidating assets that you don't necessarily need, you're also putting cash in a bank. So that's what I did, what all kind of happened at the same time, like the bankruptcy imminent and the negative 55,000 in the bank. This all came to a head at the same time and so but, but, but that would be your, the answer to your question would be, what did I do? Arrogant know it all, let's make this big, what did I find out after getting my butt kicked rurally, lose the arrogance and get small and get into expense management and cash management and all these different things that I just wasn't doing at all.
Watson: And what's so interesting. We've, we've been on a, a role here on recent interviews of different businesses that, you know, through 2020, which was hard on so many businesses, unless you're like zoom or, you know, pelotons a couple there, which so hard on so many is the ones that had been in some way shape or form kicked in the teeth before.
Shorkey: Yeah. Actually we were able to negotiate like, you know, JD Ewing or Aline, or some of these companies would say, like, we didn't lay off a single person. Yeah. Because we had had. At some point came Jesus' moment and said, man, we really need to have a, a tight handle on our bounce sheet and a conservative, you know, thing of the back with our company.
We talk about our first year, nowhere not quite the same, but we had $27,000 worth of invoices past due from our existing clients. Yeah not good and not enough money for payroll. . I, I can remember a similar sentiment of staring at those numbers and being like, man, I don't, I don't really know what we're gonna do here.
And you know, then I was talking to people. It's like, here's how you actually write your sales agreement terms. Here's how you send your invoices. Here's how you get the capital in place. And once again, it's like, you know, you can't, you can't persist through an experience like that with the fully inflated ego in check, unless you're maybe a sociopath.
I don't know. That would be really the only way to, to navigate it. My favorite war in that regard is pivot P I V O T. And so I'm not, I don't, I don't care what the external circumstances are. I don't, I don't care. COVID 19 was all, it was, a call to action, a call to arms. If I had to pivot, I had to execute a pivot.
I executed my pivot as a personal pivot in terms of, okay. I looked at it and I thought, okay, this, this is here. This is common. This is getting worse. And started analyzing, I thought, okay, well, my pivot was, what can I do to improve my, specifically concentrating on immunity. And I figure, okay, if I can get my immune system to be really, really strong, then I'm gonna get COVID and it's gonna be no big deal.
Right. Well, as it turns out, I was right, right. So it turns out COVID 19 really is no big deal for the vast mature majority of the pop population. And in, in, in other words, like, well, over 90% of the people got COVID, they were sick, they recovered and, and they moved on me personally. I did get COVID. And it was like no big deal.
And I'm not speaking with medical advice here. Okay. I'm speaking anecdotally, but for me it was no big deal. Now, what was I doing before that? I was doing intermittent fasting. I was drinking oolong tea. I was doing the physical movement I was doing. I was working all my sleep very aggressively and I was working on stress reduction and meditating and, you know, different things like infrared sauna and cold plunging and floating and all these different things that I just got these ideas.
And I kept working on ideas, seeking expert counsel, right. Ideas, ideas, ideas, list, list, list, list. And so I went to work on that. And, but, but in the meantime with that pivot, I'm getting healthier regardless of COVID 19. So if I was in business with COVID 19, I would've executed a pivot. Okay. COVID nineteen's here.
It's reality for us to say it's not that's craziness, but at the same time, what can we do? To take advantage of this situation in terms of running our business in a more efficient manner. So that's what my children did. And they actually developed a very, very serious, comprehensive, online approach to selling cars.
They weren't even able to open, and then they were, and they, but they had this online. So they were working the deals online, everything, online pictures and discussions. People would come in cars, out, front, cleaned up, ready to go, basically have an agreement and they just have to drive the car. So they come in, drive the car and the paper work's all done.
And, it actually ended up being a very efficient method for selling cars. So they're doing that. And they're selling cars like really, really well, because they were prepared in the meantime, the old method of kicking tires and driving cars and going into the showroom that came back.
Shorkey: That came back.
So now they have two approaches to the business. So because of COVID and to say, I don't believe me. I don't. Make fun of COVID. I'm not here. I know people died and people got very sick and people are still very sick. So I'm not making fun of that and I'm not making light of it, but it was out of my control.
Shorkey: As a business owner, it's out of my control and it serves no purpose for me to get all caught up in all the politics and the dogma, all that about how to deal with COVID. I can only deal with it on a personal and a corporate basis with our little company, which in Italy is a big company. But in the realm of the big world, it's a very small company, you know, 1100 employees is no big deal.
It's probably at best a mid-size company relative to the world anyways. So we get to control how we handle the situation and that is our choice and that's what they did. And that's what I did. And, you know, that's what we did during the Great Recession when president Obama was in office and we executed a pivot and it was like, holy cow, we did better during the Great, this is what we learned is by the way, you're talking about adversity.
Yeah. So the Great Recession, it was the worst depression, let's call it since the Great Depression. So it was really bad. There were 16 million new cars sold before the Great Recession. The year 2008 was 10 million. So 6 million people went away. Wow. And I said to my people, I said, listen guys, and girls, they said I'm not gonna talk about the 6 million.
Oh one away. I'm gonna talk about the 10 million that one will buy cars this year and we're gonna go get 'em. Yeah. And we're gonna, we're gonna get, we're gonna get our fair share plus. So we're gonna take some of yours and we're gonna take some Hannahs and we're gonna take, we're gonna take the market. And so we came up with that idea and while everybody else was cutting, cutting, cutting, we were spending, spending, spending, and I, I felt that if I could go through the Great Recession and lose money, as long as it was, I had enough money that I could lose, I would be okay.
Prefer not to prefer to break- even prefer to make a few bucks. But I came up with this idea. The pivot to listen to this was called the prosperity plan. And it initially was the depression plan, the recession plan. And I changed it. I, the prosperity plan, let's prosper during this time. So we upped our training.
We upped our advertising, we upped our customer service, we, everything we opt up, up, up. And we ended up making more money in 2008 than ever in the history of the Jim Shorkey family auto group. Wow. And we actually repeated that in 2009. It was unbelievable because what happens if you, if you understand the competitive field, so if you have a, if you have a hun, if you have a hundred people that you're competing with, just to pick a number and this obstacle COVID 19 great recession, whatever it is that comes up, it's an external situation comes up 95% of the people just give up . And they go home. That's exactly what happened during COVID.
Shorkey: Just a lot of, a lot of giving up.
Shorkey: Whereas we didn't give up. And so when you don't give up, if 95% give up, guess what your competitive fuel is now down to five people where it was 100, 5 people people. And so you can make a very, very successful business during a very, very tumultuous, external environment. And that's what happened to the people that really did the pivots, the restaurants, and the diff different businesses. They kicked butt.
Watson: And, and that's, you know, throughout economic history, the Great Depression and other instances it's common to refer to the downturns or the collapses or the, the financial crises as when fortunes are made.
Watson: Because if you're prepared, like you couldn't have spent and been comfortable with loss, if you hadn't been shoring up the balance sheet.
Shorkey: No, no.
Watson: And running a tight ownership in the years ahead. So you have a clear handle. It's like, you're not just jumping into the void, you're going in with a specific plan and awareness of what is able to be deployed in a responsible way to this growth opportunity and, you know, seizing that opportunity when everyone else has been, you know, kicked in the gut or knocked out or knocked outta the field is, is where, you know, really special growth occurs.
Shorkey: Yeah. The people that, that really the business people that suffered during the Great or during the COVID excuse me, or, or the Great Recession, we can pick each, which, wherever one, you want the, where they made a mistake. So a fundamental rule of accounting is that you should have a minimum. Minimum of six months working capital yep.
Supply minimum preferably a year. And so, so when I had, when I, when I was bankrupt, guess what? My day's supply of working capital was zero, was negative, right? It was zero. And so, so what happened was because I now understood that I learned, you know, what you don't know will hurt you by the way, whoever gave that, what you don't know won't hurt you is old crap advice. Don't pay attention to that. What you don't know will hurt you. And so what I learned from bankruptcy a minute and been moving forward with Mr. Hamilton, cash is king, cash is king, cash is king, and you have to have this supply, this supply of working capital. And so six months will be bare minimum.
And what does that mean? So if you're spending just to pick a number a hundred grand a month on your expenses, on your, on your op on your operating report, a hundred thousand dollars a month means you need, you need to have $500,000 of unencumbered cash in the bank minimum so that if your business goes south, you have the money to sustain.
So you didn't have the money, that's it?
Shorkey: You have you and what you need to do prudent financial wise, go grab those people by the throat and get your darn money, right? Exactly.
Shorkey: Cause that's gotta go to paying your people.
Shorkey: So anyways, you didn't have the money to pay your people. Very very, and I was the same I'm with you, same place.
So, but the prudent would be 12 months. Right. And so, so I don't wanna sound braggadocious and I don't want this to be taken the wrong way, but I was prepared at the onset of the Great Recession in, as this is 2008 to lose a million bucks. I was prepared for that. And I told my people that, and I said, I'd rather lose 500,000.
And I told 'em that. And I said, but preferably, and I actually have it written in the document, the research that I, but I'd really like to lose a hundred grand, like that would be great. Right?. This is my thinking. Right? It sounds kind of weird right? I'm gonna lose a hundred grand like, well, what, yeah, but we went on because we had the right idea in mind.
It was a 24 point plan, much like the list that you and I already had talked about earlier, it was a list of, this is what we're gonna do. And you know, for example, customer service, we're gonna be customer service champs. If you don't like that, you need to go. You're not gonna be part of this. Right? So we're gonna take care of our customers.
We're going, we're gonna, we're gonna make it a great environment for them, it won't be a depressing recession environment. So we had, we made chocolate chip cookies and we made popcorn and we put balloons in the sherm every day. And we had popup music in a sherm. So when people came in, they would see this, this, this, this environment that was like really, really positive.
Shorkey: On our people. We had pump up meetings every day and got them pumped up right? And then we had training, we upped our training. So we are okay. If we're not gonna have any customers, let's just train like heck. And my vision was when we come out of this thing, I wanna be way better than I was going in.
So it was my vision. So training and I felt if I kept my advertising going and even opt it, that I would be such a present in the market that when the thing did shift, that I would be in a position to take advantage of it. I opt for my inventory levels right? Everything was aggressive. And so it turns out that I was right.
Okay. Turns out that I was right. And so, so we're doing all this stuff and we're making and, and, and what happened with this great recession was the advertising, because everybody bailed, most people bailed. I could get advertising for a dollar.
Shorkey: I'm getting it for 50 cents.
Shorkey: So the bang for my buck was double. We had the factory, they couldn't, they couldn't move cars right? Cuz nobody was cuz million people are I'm sorry, 6 million people in the way. So there were deals on cars. So I got these deals on cars. Like, Hey guys, I got these deals, come see us. So I'm up in the advertising.
I got the deals. I got the people trained. I got the environment when they came in. And so long story short, we're running our business. We couldn't get all the people. We couldn't answer the phone fast enough. I remember one time I was sitting in the sales meeting and they said, and we would pay sales calls.
So we're in a sales meeting. If there was a sales call, the salesman left the meeting. Right. And I, we had this thing going on a, on a, on a, on a car and it, and it And the message or the, the, the, the receptionist system said sales call lines one, two, three, four, five, six, seven, eight, and nine. I'm like, what heck couldn't get to the calls, quoting, get to all the customers.
We actually brought my wife in and my sister in, to talk to customers.
Shorkey: Get this. This is the Great Recession.
Shorkey: And we had a couple people that were washing cars. We brought them up just to talk to customers. One of 'em Dan Garber, still working at the dealership, selling cars. That's a mini pivot, right?
Watson: Yeah. He has the opportunity too.
Shorkey: He's washing cars. He came in and now he's selling cars and he's got a nice career all because of the Great Recession. Do you see where I'm going with this?
Shorkey: So the Great Recession was an opportunity. It was an opportunity cuz everybody else. Does that make sense?
Watson: Absolutely. And, and the thing that is apparent from the first time I spoke with you to the entirety of this conversation is having the right you wanna call it frame of mind, mental model collection of, of, you know, practical you know, strategies for dealing with any problem that you may face, be it, your health, be it, your business, be it, your personal life is like this through line that you are hyper committed to.
So I wanna kind of fast forward, back up to when as part of you and your wife's estate planning, you passed the business off to your children. Take me into a little bit of the thought process there, and then we can transition into rethink you and what you're doing now. So I had this vision again, it's all about the vision goals, right?
Shorkey: Had his vision. I knew that it was me. Right? And it was, I mean, I'm running the deal. I'm the guy, but my children I. I told my children very clearly that I said, guys, don't talk to me about, don't talk to me about the car business, cuz I love the car business. I'm gonna talk you into us.
So if you don't wanna talk about it, let's not talk about it. I said, but if you're gonna get involved in the car business, I don't wanna be your second choice. I won't permit that. I'm not gonna be your second choice. I wanna be your first choice. And if you don't like it, then you'd go do something else.
And they knew that they very clearly understood that. That was just my I'm. I'm the, I'm the guy, I'm the, I'm the dictator. I'm not gonna have, I, I don't want you to go out someplace else and fail, and then say, I'm gonna go, I'm gonna go hang out with dad. No, that's not a formula for success. So if you're gonna be in this business, I wanna be your first shot.
And so they, they all did that. They all did that and they got involved and they loved it. Cuz we were running this great organization. So Katie got involved and Jimmy got involved and Russell, my son got involved and my son Daniel got involved. He's the youngest of them. And so they're all involved and they're, they love it.
I check with him consistently, even now. How do you, how do you like what you're doing, man? Oh God, I love it. I just love it. My son Russell, he's the math guy. He's the CPA guy, which. You know, remember what I said about the number, all man, the most important position in the, in the place Jim, my, my son, Jimmy, he's the salesman, you know, he saw you you'll be sitting right now and he's, like, I just bought five cars what happened? You know, he's like, he's the salesman. And then Katie and actually Katie's husband, Matt. Who's like a son to me. He's the guy Katie's involved with. Katie's a full-time mom. She is involved, but not to the degree that she was at one time, but they're just very passionate about the business.
Daniel was a general sales manager at the key dealership in Wexford. Does a great job. Everything I hear about him is he works harder than anybody else in the organization. And I love that. I mean, he's a hard working guy. So, anyway, I had his vision that I've got these four children involved in the business.
Daniel was very young at the time. So I said, I said, guys, I'm gonna get, I'm gonna get three dealerships, right? That was my goal. Think about goals, right? Three dealerships, cuz I wanted to have one for Katie. One for uh, uh, Jim the third and one for Russell. And I said, now you guys are gonna get the dealership for, for Daniel.
I'm not gonna do that. Right? So, and I, what my vision was that there would be four dealerships. Katie would own one 51% cuz one of the things accounting prudent, prudent, prudent accounting is you have to own the company. If you're involved in a partnership, 50, 50 bad ideas in general, just a bad idea.
You want to control the company. So it's gotta be 51,49. That was what I was taught. That's how. I trained 51,49. So my vision was Katie 51, Jimmy 51 Russell and Daniel. They will all have this dealership and they would own 51. And the other three children would own the 49% split three ways. So they would own 16 and whatever I come 16 and a third I believe is so they would, they would own that.
And so now it's coming to we're, we're doing this thing and I'm, I'm working on my estate plan, Amy and I are, I should say. And so I'm with my, and we have the whole family in the room, which those of you who are working on estate planning, it's, it's important to have everybody in the room, right? So I got 'em all in the room.
And my, my, my, my attorney we're talking about what we wanna do. And I'm, I'm telling this is my vision.
Shorkey: And the kids said we don't wanna do that. We don't wanna split it up like that. I'm like, well, what do you guys wanna do about this? We want, we want it to be, you know, everybody. Owns a share of the total thing nobody's in control.
We'll work that out as a family. And one of my creators by the way, was that we gotta be able to do Thanksgiving dinner. If we can't do Thanksgiving dinner, I'm out, we're, we're, we're selling this thing. I'm not gonna do that. If we, if we break up the family, this isn't, this isn't not gonna happen in my view.
It would kill me. Yeah. It would kill my wife, which would kill me. So the family has to stay together. So that was the basic crew of the thing. But anyways, they said, well, we don't wanna do that. I'm like, well, what do you wanna do? And they wanted to just have this big master company and split it up 25, 25, 25, 25, which I was not in agreement with.
I said, hey guys, listen, this is your deal. And so we're literally having this conversation like we're right now. And I said, well, let's make a decision, right? It's right in thinking, right? Okay let's do it. So the meantime, Steve Seal who is my attorney comes up to me and says, well, there's this deal right now that's that's left. This is 2000, probably 15 left over from the, oh no, I'm sorry it was 2013 when it's I think, but this is left over from the Bush administration and, and it expires at the end of this year. I think it was 13, but don't hold me to that.
Shorkey: Doesn't matter. So, they said, well, he said, well, you can give your entire estate away up to this amount, which was a pretty big number.
Shorkey: Estate tax free. I'd like tell me more and it goes on into perpetuity. So what I gave to the children, what my Amy and I gave the children, excuse me, was there would be no estate tax and the estate tax is brutal. It's basically, once you get beyond a certain number it's 50% like holy cow, it's like, it's rough, put you outta business.
And, but onto perpetuity means that they can also pass it on to the next generation.
Watson: Oh wow.
Shorkey: State tax free. So I left this part out, but, remember I said three, three dealerships, right? Well, at that time I had six so that's the interesting thing about goals. People think, well, the goal is that you can go beyond the goal.
And you will, if you're running this thing the right way, you'll go beyond the goal. It's not, it's like the goal, the goal is just to the goal is just like that board there. Right? So that's the goal. And, and, and Jim Roone said, it's not, it's not the goal. The goal isn't the key, the key is what you become in pursuit of the goal.
And oftentimes when you're doing things the right way, like the signs of getting rich, you actually will get to a point where it's time to get the goal and it's like I don't even want that goal anymore. Yeah. I want this, but you have the financial wherewithal to do it. Does that make sense?
Watson: Our mutual friend, Sarah Macon.
Shorkey: Oh yeah. Yeah.
Watson: Talks about there is no limit, so you can set the goal, but you're almost like putting a limit if the goal is just here
Watson: and there's extra space above that.
Shorkey: Yeah. Don't forget that. And that's why I'm not a big believer in setting big goals. I'm not, and that's gonna count sound very foreign to a lot of people, but
Shorkey: big goals are, are daunting. Like, like you wanna,
Watson: It could be deflating if they see
Shorkey: deflating yeah. You wanna run a marathon, right. So, and you look like a runner, so let's say you wanna run a marathon. I say, well, tell me more. You say, well, I've never run before I said, well, forget about a marathon. Let's start running,
Watson: Go run a 5k.
Shorkey: I run a 5k. Yeah. And run the 5k. Yeah. Or, or, or, or, or walk the 5k. You've never run. Maybe you can't run. Maybe it's just like, not gonna work, but let's start with walking the 5k. And at that, even at that, like, let's start with walking. How far are you walking now? I don't walk at all. Well, let's start with walking a half a mile then.
And, and let's do the 5k and then we'll go to another goal, and then we'll go to another one and use the same formula. We'll get to the marathon if we want. But by the time we get to the half marathon, we may say, you know what, I'm good. I like my half marathon, but I can take this knowledge now that I learned about how to get to the 5k, the 10 K that half marathon, and I can apply it to my love.
It's the same formula. The formula never changes. It's the same formula. Start with a reasonable goal, right? You have to have a reason why that makes you cry. Okay. And then seek expert counsel to figure out what the steps are to get to the goal and then start to execute those steps. And as Jim Roone said, it's not the goal.
It's what you become along the way. So because you achieve the goal of the 10k, right? You got that done. Well, now you're a goal achieving pro. And so you can take that same knowledge and apply it to something else. And that's what I did. That's the essence of what it did. So back to the thing. So, so it was, it was six dealerships at the time we did it. We did the deal. It's done, we're out. And then the children, I mean, I'm out at six, right? Yeah. And like I said, now you heard the number 17. It's not just 17. They've expanded into other businesses. They've actually, since I left, because of those principles in that book right there, it's 10 X. What it was when I left 10 X.
Shorkey: 10 X.
Watson: You gotta be so proud.
Shorkey: I am so proud. I have no, I have. I'm telling you, I don't even have like people say to me. Well, do you ever wanna go back? No, I don't. I'm good. I'm 65. I worked my butt off. I'm good. I don't want to go back. Am I envious? Am I jealous? Not even a shred. It's a hundred percent let's go get him kids. I'm so proud. He makes me cry. Yeah. Nah, the biggest legacy I can leave is that this business, my vision is that the business is there for the great grandchildren.
Shorkey: And I'm here as well. So, yeah, we'll talk about that. That's a, now I have a, a bodacious goal with respect to aging, which you probably know, cuz you've read my stuff.
Watson: So let's, let's double click though on the why that makes you cry cause you, you drop that in there, but that's, that's a pretty powerful concept. Very powerful. Most people aren't necessarily tapping into, well, there's two why’s. There's the why and the why not. Right. So I always want to analyze things from the perspective of what do I want, what do I not want as an example in business?
Shorkey: Like bankruptcy imminent. Like I don't want that. So I don't run from that. I wanna keep that right in front of me, bankruptcy, imminent tears, sadness. Like I don't want to ever forget that, cuz that is very motivational for me. I think that in my world, I think that what I don't want is more motivating than what I do want, but it doesn't really matter because it's all subjective.
But the fact is that I don't want to. I'm gonna run away. And I have very strong things in my body called fight or flight, which, which I can engage and to get away from that right? And what I do want is also very clear and I'm gonna run towards that. So I'm gonna run away from what I don't want to run towards what I do want. And if I do both, I'm gonna get there twice as fast cuz I got this thing over here, which is a lion and I got this thing over here, which is my wife. And I wanna run towards her and get away from this lion, which is gonna eat me. And then there's no more wife. Right? And so I wanna run from the lion, run towards my wife, or I wanna run from the bank minute, run towards success. I wanna run from illness. I have an illness right towards health. Right? So run from illness runs towards, towards health. I do both. So, what I do when I, when I'm setting my goals up, my reason why has to make me cry. And I mean, it's sincere. So I ask myself seven times at least. Why, why, why, why does that matter? Why is that important? Why do I care about that? Why is that a big deal? But I also asked why not like so, so my, my long term goal, 1 22 healthy happy, terrific, relaxing years. When I am 80 years old in the United States of America, you realize that there's a 50% chance that Jim Shorkey will have Alzheimer's disease.
It's not Jim Shorkey. It's not genetic. It's not the family. That's just the number. It's what it is. Okay. Look it up.
Shorkey: 50%. So I studied Alzheimer's. What can I do to prevent delay? So if I can prevent it, that means I don't get it at all. If I can delay it, I'd rather get it at 90 to 80.
And if I can mitigate it, that means I'm not gonna have it as bad as maybe somebody else would have it. So prevent delays. And so it turns out there's certain things that I need to do to not get Alzheimer's. So just think about that. There's things I need to do to not get Alzheimer's, but there's also things I need to stop doing.
Okay. And this is really essential. So what's on my stop list? What's on my go list. Same with the business I needed to stop being arrogant. I needed to stop. Wasting money. I needed to stop a lot of stuff and I needed to get that list from Mr. Hamilton, which was my goal list. Right. So I did both. So it's a stop list.
It's a goal list. And so but, but, but back to the goal, if, if I don't have reasons why that make me cry for the goal and reasons, why not that make me cry, then things are gonna show up. They're gonna derail me. And if my reasons aren't strong enough, I get derailed. So, so COVID 19 comes to mind again.
So I had these reasons why I want to be healthy. And so one of my visions is that at that time I was 64. And I, I, I thought about this, we call this at rethink you 2.0, we call this thinking it through the whole way through, I'm a thinker, I'm a critical thinker and so I have this vision of I'm 64 I'm 94 years old, a very clear crystal vision.
And so that's 30 years from now. So you and I are gonna be sitting on the front porch of my house. Right. And it's a beautiful view. We're gonna be sitting here. We're gonna be talking about this stuff. 30 years from now. You gonna be here about it, what you gotta take care of your
Watson: That's my game plan.
Who long tea, you know what I mean?
Shorkey: And, and you gotta think about this, right? I mean, are you gonna be there when your great grandchild is married? You gonna be here?. Something to think about right? That's cause you keep doing the stupid crap. You're not gonna be here. Yeah, you'll be dead at 63. Didn't didn't see one of his, his great-grandchildren not one and missed several of the grandchildren.
You know what I mean? He died at 63. So 94 front porch, you and I are talking about Katie, my daughter. Who's not gonna be 70 hard to believe. She'll be sitting there with us along with my granddaughter, Lila. And this is just not that Lila is I have nine grandchildren, but Lila's sitting there and so Lila is gonna be 41.
And, and I think about probability, you will be a probability kind of guy.
Watson: Yeah. Base rates, all that stuff.
Shorkey: Yeah. Think about probability, mathematics, all that I think. Okay. Probability states that she will most likely have a child. Probability states that. And if not her I've got nine grandchildren.
So I will probably have a great grandchild. Okay. Am I getting you to cry yet?
Watson: I'm. I'm feeling something. I'm not a huge crier, but I'm feeling something.
Shorkey: Yeah. Like, yeah. So, now I'm 94. I'm not on the front porch. You and I are sitting. We're good friends. We're sitting talking Katie's there.
She's joining the conversation. Lila's with us. She's 41 and there's this baby. Who's 3, 4, 5 years old, whatever, six months old. But I get to experience that. Why? Because I drank oolong tea. Why? Because my reason why at 94 makes me freaking cry.
Shorkey: Cause I wanna be here and it's not, it's not a, it's not probability states, no probability.
Right? Probability probability states said at 94, I won't be here. That's what probability states. So you and I, we gotta beat probability, right? How do we do that? The to-do list, the, to not do list
Watson: And, and you gotta do things that other people don't right? So in every single case of the story, so far to live to 95, you are an outlier to build a business of the scale that you've built.
You are an outlier, correct. And you attribute books like the Science of Getting Rich and Think, and Grow Rich in some of these other books as being highly influential, to being able to get those outlier types of results. I guess my question is, so I've always been someone who I think a weak part of my game was the vision. I could come up with, like the vision for what our company Piper was gonna be and it's kind of the most nascent stages. And it was somewhat opaque. It was certainly not the way that Sarah says, you know, we are gonna transform millions of people's mental health, make their lives better, make them happier.
It's so simple and clear what that's gonna be. You're painting a picture. Maybe there was some complexity and texture to it, but you could actually really distill it down into this very simple idea. My gap has always been, I feel like I can usually get the actions day to day. I, I can get the tactical, like here's how we tweak this little metric. This is how we, you know, optimize a little bit here and the gap sometimes between, hey, the vision is up here and I feel like I have a lot of the, the forward action, but I'm sure if the vision was more clear up here, up in the clouds, then down on the dirt, it would reveal 20% of the problem to me.
Watson: So can you talk about that a little bit more?
Shorkey: Well, so in the book Thinking We're Rich written in 1930, It's incredible. The book. It really is. And as I study other books today, still to this day, I read, I read probably on the average four to five books a month. And I read them, I mean, I'm on a, I'm not listening, I'm reading.
And if I had that book right there I would be, it would be underlined and highlighted in the star, like, wow, look at this. This is great. I'm reading a book called the Molecule of Emotion. And I just finished reading a book called the Biology of Belief. And so that Biology of Belief, he said, Hey, you gotta get this book like, oh crap.
I need another book. Like I need him to look at this book. I got all these books. I gotta stack this big. Yeah. The next book I'm gonna read is about quantum physics. Now imagine a car salesman, reading a book about quantum physics. This is kind of goofy.
Watson: You have a math degree. Give yourself a little credit.
Shorkey: Physics is like way, way, way beyond math I mean, it's like, wow, but I'm gonna read it, right?
And so, and, and that's, by the way, gonna tax my brain, which is very good for my brain as I age towards 94 outside and on the front porch. But anyways, so in the book thing, grower rich I'm gonna tell you a couple things about that in the chapter on desire there's six steps. And these six steps are the essence of the book and that in reality, and the first step is you gotta have a clear, concise idea of what you want clear and concise. He makes that very, very, very, very crystal clear. You gotta have that. If you don't have that, then you gotta get it. Like you gotta stop and you gotta get that. So it's in the book and it's interesting. Napoleon Hill tells you in the book, he says, no, here's an instruction. Okay. That I guarantee you missed. And therefore, you're not a practitioner of the art of thinking we're rich. And so I don't mean to point fingers or be judgemental,
No, I'm, I'm self aware and I'm, I'm not the executor.
And I, nobody does this virtually. Nobody does this. He tells you in the book, in the chapter and imagination, he says now, and he says, read the book, cover to cover before you put it down. Meaning just before you read another book. So you're not gonna read him one day, but read the book cover to cover before you put it down three times. Three times before you do anything else, as far as starting reading three times, because then you're not gonna stop. Okay. And so I'm reading the book. And I'm not doing what the guy tells me to do. And then I start doing what the guy tells me to do. And that was one of the things he told me to do. So I'm like, I'm gonna do that.
Right. And there's other things he there's, it's so involved. And I'm doing all these things, I'm dotting the i's, crossing the t's, everything that Napoleon Hill told me to do I did. And along with the Mr. Hamilton wanna, and that needle's moving and moving, moving and moving. And so I'm going from bankruptcy to, at least now I got some some breathing room. And, and I'm still not out of the woods yet, but I'm still, but I'm working at it. And so in that chapter, on, on a imagination, he tells you to read it three times, because then you're not gonna wanna stop. And I'm thinking, holy crap, I don't want to be the first guy that stops.
Like, I don't wanna, like, if I stop, maybe this whole thing comes crashing down. And so it's almost like a superstition, like, you know, like, like, like, you know you know, don't step on a crack, you're breaking, mother's that kind of a thing it's like, so he says this he's helped made the needles move and it's like, I'm not gonna stop. Did I tell you what time I read that book?
I saw in, in the book that it was like 113, but you're now up to a hundred
Watson: 40 something.
Shorkey: And it's like, and, and, and, and, and it's interesting. See, see the hand that picks up this book, this book right here, the science of getting rich.
It's like, I look at it, I think, wow. I, I didn't know. Getting rich was a science, it turns out. And, and, and I didn't know, getting healthy was a science. It is. I didn't know that getting unhealthy was a science, it turns out it is, but it was a science that getting rich it's, it's the, the secret. I always had this curiosity for the secret, the proven mental program and to a life of wealth, Wallace D. Wattles.
Shorkey: And so some people are turned off at his title, just like thinking rich, because they think of rich in terms of, of money and it is, it is money, but it also could be health. It also could be love whatever you want it to be. But anyways this book is very intriguing to me.
And so I read the book and, and where was I going with it? I had a thought I lost my train of thought.
Watson: I think you were talking about the number of times that you've read it. The reinforcement of getting to a vision.
Watson: Something's reinforced in terms of getting to a video.
Shorkey: Oh, I'm sorry. No, the, the hand it picks up this book
Shorkey: and reads it and does what the book tells you to do is not the same hand that puts it down. Biologically speaking. It's not the same hand. Chemically speaking. It's not the same hand. Epigenetically speaking. It's not the same hand. So it's, it's a different hand you change. So then you read it again and guess what you'll be reading this book you say, I never read that before. What's he saying here? I didn't, I didn't read that. Holy crap let me underline that. And then the hand that picks up the book's not the same hand it's done. So on the 145th reading, I changed. And so think about it, the guy that read that book on the one 145th time versus the first time it's not the same guy.
I mean, and for obvious reason, I'm 65 versus however, however, what it was back then, but nevertheless, even in a day in a month, the hand changes, it actually changes. It's a fact. And so, but, but even beyond the science of it Is the idea that even mentally you change, so your mental perspective is, is different, but it's turning out that it's much deeper than that.
So that's why I kept reading it and I'm not reading it right now. I actually started to read it one forty six, a hundred forty six times and I was on another project and this, this biology of belief and quantum physics and stuff, it really got me intrigued. And so I'm actually really digging into that stuff right now.
Shorkey: And I'm reading it believe it or not I read that I just, I didn't finish it because I got into this biology of belief, but I reading the, the diary of Anne Frank and he said, well, and that's not a motivational book why the heck would read a book like that? Well, you know what? That was a nasty freaking thing.
Shorkey: And I think we need, need to, need to tune into nastiness to say, okay, don't want that, don't want that to ever happen again. That was awful. Awful, awful, awful. And the girl was brilliant 13 years old or 14 and her writing ability, incredible, brilliant, brilliant young lady. And so I found that to be very intriguing, to say the least, but you know, it, it, it teaches me an idea of what I don't want is really what I'm saying.
And I think there is like this idea, like in a self-development field that we're in there is no line. There is no line. There is no line to cover up your eyes, cover up your ears. Well, yeah, there is a line and he's out there and you better deal with him cuz he's gonna eat ya.
Shorkey: And so I'm not a big believer in this. I really think a positive mental attitude is a really important idea, but let's not be delusional.
Shorkey: There are problems.
Watson: Amen to that. So when I have at times reflected on, on some of my goals over a longer period of time, one of my goals is associated with being able to maintain a high degree of energy late into life. Cuz you see certain characters who, as they get into their later years, they just slow down to a really significant degree. And I'm not, I'm not one to just deny the realities of biology, deny the realities of, of the, you know, the passage of time and how life is gonna go but for the time that I got, I wanna maintain a very high degree of energy throughout what I do.
And the two things that I've basically come to as, as being drivers of that are number one, really trying to be cognizant of my health. I also intermittently fast. And, and have, you know, some of the principles there, I'm sure you could teach me thousands of things in that realm. And then also trying to orient yourself around work that is meaningful because if you just say at 63, 64, 65, all right.
Fishing and drinking by the beach for me, for the next couple decades, not me. To me, that's deflating for other people that might get them jazzed up. But for me, that just, that's not a particularly enticing kind of chapter or outcome to potentially start. And so what's interesting to me is you've talked a little bit about the health side, but it also is interesting to me that, and I, I use this, this term in our, our kind of pre-interview of someone who is post economic.
You, you no longer have this, you know, kind of specific need for a financial outcome, the house, the boat, the whatever, those types of things are not the question anymore. No, the fact that you would start a new project, I read as partially being a means to give back, but also partially to kind of maintain your own creative energy and vigor.
So can you talk a little bit about this chapter that you've started with rethink and what the goal is and what you're aiming for?
Shorkey: Well, let's be clear here, so, you know, I mean, it's really, my, my vision is not about me. It can't be about me. It can't be about me. And I'll circle back on that, but it can't be about me.
Watson: That can't be the vision. It can't be the mission. So what happened to me was Mr. Hamilton. And he welcomed me with open arms and made me cry. And it was, it was free, right? And so he said, yeah, here's the list. Right? And then Jimmy Long came in and they had a full blow. They, I actually audited my books.
It was a 30 some thousand dollars audit for free and they did it twice. So we're gonna do it today. We'll come back in a year. They gave me my list and they're, you're gonna come back a year from now. We're gonna come back a year from now. We're gonna do it again. And we'll see how, what kind of progress you made.
I guarantee you, they thought there's no freaking way. This guy's gonna make it. It was like, I'll show you. So, but anyway, so Jimmy Lawn and Jim Kacharski and, and I forgot about my good friend who actually passed my accountant Tom Hugin and an interesting story. I'll digress for a second.
So I'm sitting in my house with Chuck Belina, who is a big part of rethinking you. He died of colon cancer at 51 within the past couple years, Thanksgiving, the day after Thanksgiving in the year 2000. And he was just a really, really inspirational guy to me and really helpful in, in developing the genesis of this whole idea.
And I actually coached him and that's how we ended up hooking up long story short, I'm sitting in my dining room, just like we are right now. And I'm, we're talking about bankruptcy and everything like that. And he said, Chuck, you don't believe me. Do you just like it, you probably don't believe me.
He, I don't Tim, you know, it's kind of hard to believe. Really. I look at you right now. Look at the house. Nah, you know, I, okay. So I called Tom Hugin. and I said, and Tom was very irreverent. He'd drop F bombs. Like, like nobody's no more. Yeah. So I called Tom Yugen. I said, Tom , you're on speaker phone. So clean up the language and I said let me ask you a question, Tom, when you and I joined me at that time, I had to actually dismiss my, my dad's accountant, my father's accountant, because he wasn't reporting properly to me about what was going on with the books. And so I had to do, make that decision by bringing in Tom Yugen on recommendation of a very good friend of my father's. And so he comes in and so we're doing our thing. So here we are, Chuck, this was, Chuck was still living at the time. So this is probably three years ago, let's say, and he's on at the dining room table.
And I said, Chuck, I said, Tom, I said back when you came into the dealership, I said was bankruptcy imminent? And he started laughing. I'm like, what are you laughing for, man. He says you were way beyond bankruptcy. And he says you were ready to fall off a cliff as exact words. He said. And I said okay Tom.
I said, so let me ask you a question, Tom, did you think I was gonna make it? And he said, there is no way. We didn't clean it up. Totally.
Shorkey: Cause there's no effin and way you weren't getting out of that. I said, looks like we did. Huh, Tom. He said, you sure did. And of course I was out of the business by that time.
Watson: But anyway, so, Tom Hugin and Jim Kacharsky and Jimmy Lawn and Mr. Hamilton and Lazar and on and on, on. And so I was so successful and I'm getting these trophies and these awards and these hugs and these pats on the back and Jim, you, people, I'm a guru and all these things, I'm a car business king, and I'm the best dealer in America and all this, all this, these plots.
Shorkey: But I knew in my heart of hearts that I couldn't take the credit. It wasn't me. It was the mentors. And so back on that day, I have it in my journal. I don't know the exact day, but I wrote in my journal, I said, someday, I'm gonna start this company. And the idea behind the company is gonna be, you know, give a woman a fish and she eats for one day, but if I teach her how to fish, she's gonna eat for a lifetime, give a man a fish eats for a day, teach him how to fish and eat for a lifetime. That was the basic theme. And I felt a very strong reason why makes me cry. I felt that if I took this information to the gray with me, that I would be very, very selfish.
Shorkey: I'd be amongst the most selfish people on the planet. And I didn't want that to be my legacy. And so I had this idea you know, just like on the front porch with you and Katie and at 94, well, I had this idea back and I think it was like 2000, I'll say four or five. I'd have to look it's in my journal. And it doesn't matter, but I had this vision back then that someday I would start this company. So now I'm outta the business and it's like, It's go time. It's time to go. I gotta start sharing this information. And so that's what started this whole thing. And I have so many things in my head that I want to say that you know, we need to do 10 more of these, right? There's so many things I wanna say that need to be said.
Watson: I have to imagine. So the other two things as an external, you know, we just met, I don't know you that well, but, but absorbing your story and absorbing a lot of stories like these, there's two things that really jump out to me is with the surprise or kind of sudden passing of your father, you were also maybe not as fully equipped as he would've wanted, cuz he wanted to still have you under his wing for longer and be able to provide the wisdom and guidance.
I just called my dad yesterday for guidance on a thing. And so I also interpret both your willingness to do the estate planning and pass it off to them. Absolutely. And still be there and the production of this course, not that it's just for your kids, but I'm sure you've heard of Randy Pausch the Last Lecture.
Shorkey: Oh, my goodness yeah yeah.
Watson: So in that same way, like
Shorkey: Talk about making me cry. Yeah. Read, the book multiple times and watched the uh,
Shorkey: And watched the uh,
Watson: You think the lectures are for you and then at the end he's like head fake this is for my kids.
Watson: Because this is, this is what I'm gonna have to pass on to that.
Shorkey: Yeah. Lovely.
Watson: And so in a similar sense,
Shorkey: Carnegie Mellon
Watson: Amen. You have that, that broader perspective of trying to help as many people as you can with the knowledge, but also, you know, for your kids, as they take the Shorkey Automotive and your grandkids and, and eventually great grandchildren onto this family business, should they choose, they're going to have every resource that you could possibly provide them,
Watson: To avoid the same mistakes. Correct. And be able to reach even greater heights.
Shorkey: Yeah. There's no question. And so there's a couple things to that. Okay? There's more to it than even that. So number one, my dad died in the saddle. And, by the way, so did Mr. Ham, he lived to be 89, but he's, he's 89. I can remember going to visit him.
And I visit him often. He's in his office signing checks. And I'm like, my thought was you're 89 years old. He's on oxygen and he's signing checks. And I'm like, why are you? And I didn't say this, cuz he was my mentor. I'm not gonna be disrespectful. But like I thought, I don't want that.
Shorkey: I don't want that. And so my dad died in the saddle at 63. He literally dropped dead. He's the guy he's gone to. Mr. Hamilton died at 89, his work was very successful. Like, man, it maybe, maybe you're right we need to have a purpose. But maybe at 82, it's like, okay, I'm gonna go sit on the beach and drink and have a few drinks or whatever the case may be. It's like, I've earned that, right?
Shorkey: But he didn't do that. He's signing checks. And I thought, well, I'm not gonna do that to my kids. And that was part of the impetus was learning from the negative negativity of dying in a saddle. That was one thing I very clearly didn't want to do.
Shorkey: Secondly was the lack of education spot on. I wanted to give them the platform that they could, number one, learn what to do, but also learn what not to do and then they could pass it on to their organization. So they've 10 Xed the company with those principles. And then of course, yeah, the, the grandchildren and the great-grandchildren and now that's a legacy.
Shorkey: That's the legacy, but it's, at the same time, I wanna be very clear about this cuz you know, I'm, I'm a big thinker and I think in terms of million, right. Million million, a hundred thousand 50 million. And so with this thing that I'm doing called results from thinking 2.0 and, and, or I'm sorry, rethink 2.0 and results from thinking, I know that it's going to be very big
I already know that because the message is so powerful that you're not gonna be able to stop it.
Shorkey: I'm not gonna be able to stop it, but I wanna be clear here that that's not my vision and I can, you have to be very careful that because I'm a big thinker and a million and tell 10 million, a hundred million in stages selling on stadiums, all stuff.
That's not what this is all about. This is all about one very important person that I can touch. And that's it. And so that one very important person, all I ask for is the stories. I just want your story. Right? And so if that one becomes 10, well, 10 X, I get the joy from the stories, right? There's not a money making scheme for me.
It's the stories., right? So if that one becomes 10 or becomes a hundred
Shorkey: Or becomes a million,okay. I really want to be very, very careful that I don't lose sight of the fact of this one. Very important person at a time, cuz this is a real live human being across the table for me and, and boy, you know, if I could somehow cause a life change in direction for that person, that's the joy, right? To be, to be, you know, I call it my funeral test, right? So my funeral test is, you know, I've hit my goal 122, healthy, happy, terrific relaxing years. I am 122, you know, and I drop dead at 122. I just freaking fall over and drop dead. What a great way to go, right? So now I'm in the hole,122, and this person walks up to my whole and is looking at me and he's got his wife, or she's got her husband, or they've got their significant others, whatever the case may be.
They've got a group, right? A group there. And as you see that guy there, that guy in that holder, that guy changed my life and everything we have today, the car, the boat, the vacation place, the going on trips, the mission we've established it. Well, everything we have is because of that guy right there.
Well, see, that's the life well lived for that one person. And the more people that show up and say that, that the, the bed of the life had been lived. So how so, who shows up and how long's the line? The second question about the funeral is when somebody shows up and says, listen, yeah, I'm just here to make sure this guy's dead because he was a total a-hole and I hated him. I want nothing to do with him. And I just wanna make sure he is, is he really dead? Yeah. Okay. I'm outta here. And the more people say that that's my legacy.
Shorkey: That's a bad legacy, right?
Shorkey: He was a jerk. He was greedy. He was this, he was that he was a moron. He was rude. You know, you wanna judge people, people's character, watch how they treat the waiters and the waitresses watch that. You'll say, Hmm. I want no part of that. I want no part of that. I love waiters. I love waitresses. I don't want to be Jim Shorkey. Mr. Big Shot. You know, I'm there too. To have my meal and to be very kind and very gracious.
And and, and I compliment people, man, you're doing a great job. Like I got, I was Johnny GUI. I got some kombucha, right? You remember the kombucha?
Watson: Oh yeah, yeah.
Shorkey: I got some kombucha and I'm checking out and a young man, when I said, man, you did a great job. Good, good, good work, man. You know, and I do that every time.
Not because it's any self-serving thing, it's just because I think people need to be recognized. Right?
Watson: Yeah. And so, and it's rare. It's so much rarer than people realize .
Shorkey: Like we're checking out and the thing and we're on our phone, like, oh, oh yeah, yeah, yeah. Okay. Yeah. It's like, what the heck, put the phone, like you saw what I did when I said, I said my phone's off. I don't, I don't want that thing. I respect you. When I picked this phone up, I rushed to wash a Ted Talk about this and I held on a second, Aaron. I'm saying you're not important. Yeah. This is more important than you. And that's what the guy, that's what it was. It was actually Simon. Simon. Sinick you, you heard him I'm yeah. He says, when you walk in the room with this in your hand, you're saying nobody else in the role matters except for you.
Shorkey: And I, I thought about that. I thought, okay, when I'm with my grandchildren, phone's in the car. I leave my phone at home now. It's like, okay, missed your call Aaron, sorry, man. Yeah. You'll know.
Sometimes I delay getting back to you, probably playing Scrabble with Amy. You know, it's important if I'm on, if I'm playing Scrabble and I'm on my phone, it's like, she's not important.
Shorkey: That's what I'm saying, unfortunately. And so I'm checking out and I'm on my phone. It's like, oh, I'm so important. I'm so important. I gotta, oh geez. Oh, somebody liked me on Facebook. I gotta get on it right away. Oh boy. I'm a big shot. Nah, phone is not, not even on me. It's in my car and I'm this young man who is very kind, very nice. Does a great job. Hey, you did a great job, man. It's all it takes. Just, you know, so I want that to be my legacy.
Watson: Amen. Well, that is the perfect, the perfect note for us to, to wrap up on, I am certain that we will be doing this again at some point in the gym cuz there's, there are many more minds for us to, to go exploring together. So for folks that wanna learn more about you, this project rethink you, these, these things that you, you have that you're up to what digital coordinates can we provide folks to check out?
Shorkey: Well, we have one that's very easy. It's called. We have a community called the Goal Achiever Community. There's 1400 people in that community right now. And you just go on Facebook and look for groups and see the goal achiever community it's private. So we have to allow you to get in, but you just make a request and we let everybody in. And when somebody shows a picture of pornography, whatever, we kick him out, you know how that goes.
Watson: But it's a good bar.
Shorkey: Exactly. Yeah, we don't, we don't want the bull crap, but like somebody posted yesterday in our group about she was advertising that they have jobs. It was a young lady. She works for, they have these jobs available.
I'm like I don't text devices. That's a great message, thank you. Because the people in our community made it. Maybe somebody's looking for a job. Right. It's that kinda stuff I like, you know, or whatever. So, we want people to come into the group and if they post total bull crap, they're gonna get kicked out.
But if they're selling something that, that we, that we kind of agree with and like, then yeah, we're gonna let 'em do that, right? But anyway, there's 1400 people in our goal, achiever community. Our site is Results from Thinking, okay? And by the way, thanks for the glitch Derek fixed it, I guess.
Shorkey: So, but that's, we don't know these things, right? Cuz I'm not downloading the book. I've read it right anyways. So but results from thinking all one word and then our, our self development program is called Rethink You 2.0. And it's really wonderful. Actually, Sara Makin is, is part of that. And cuz she's a, a lady that did what I told her to do and has had incredible success as a result of my advice with, along with many, many, many, many other people's advice.
So I'm not the only one, but she's in there and she actually is speaking. So, so what it is, I'm sorry, it's it's a video course along with a workbook and it's myself and Derek Kelly and then a lot of our students and I'm gonna say probably six if I was guessing students that some of them actually teach in the, in the thing and then just commenting on what happened right.
With, as a result of this stuff. So it's called Rethink You 2.0 and it's $397. And You know, the question I would ask people is cuz sometimes people really focus on the 397. I say, you know, let's not focus on what it costs you to do. It. Let's focus on what it costs you to not do it. And if I'm right, this thing might be worth 3.97 million.
Right? What if it was? Well, it cost you well over 3 million or maybe it's worth
How much did the first copy of Thinking Go Rich cost you?
15 bucks. I was guessing 15 bucks.
What was that worth?
Yeah. What did this cost you
Watson: 12? I don't even know.
Shorkey: Yeah, so it's not the, it cost you 12, but if you don't read it, it cost you a million.
Yep. And it, maybe it's not a million cuz we're talking big numbers here, but maybe it cost you a hundred bucks, right?
Shorkey: $12 investment, pretty good return, but that book's worth a million, it's worth a hundred thousand a year. It's worth whatever, because if you do what the man tells you to do, you're gonna, you're gonna get rich in some way.
And remember, you know, you may not wanna get rich with money. I did. I'll be Frank with you. I did. I don't have any qualms about saying it. I think money is important. I wanted to have enough money to do the things that I wanted to do when I wanted to do them with no worries. And so that's it. And so I'm not afraid to say, and I actually had to change my thinking about that. And I, so I have an affirmation, which you probably don't want me to share, but it was about
Watson: No bring it.
Shorkey: Okay. So the affirmation was, I grew up with the idea that money is the root of all evil, which is not even a true quote. It's a, it's, that's, that's been misinterpreted for centuries, but we'll leave that all off the table.
Money is not the root of all evil, that's just not true. Or the level of money. Excuse me. That's also not true if you read it and really digest, dissect, and you'll find the case. So anyways, money is a, if you don't love money. You don't do how you gonna get something if you don't love it, right? So, so I developed this affirmation on my own from these guys and, and the affirmation is this, right?
I love money. I love making money. I am a money making machine. I am a money magnet. I am attracting money to me. Yes, I am. Thank you. Thank you. Thank you for all the money. And I said that a million times and I changed my thinking around money because money is important. And so if I'm gonna have this cause here this, cause right now I'm not making money on this.
I'm spending money on this. I pay money every year, a monthly, excuse me, to get this rethinking youth thing going, mm-hmm, costs me a lot of money and I'm not gonna get into those details, but you know, so, so money is important. And for those of us in the audience, I think it's not, you're making a categorical mistake, cuz it is important.
And just like I can, I mean, I think if you said, if, if I said to you right now, how do you like your house? I love my house. Well, isn't that the same thing? You know? How do you like your car? Oh, I love my car. Oh man. What car do you have? I got a Honda CRV. Yeah. I love my car, right? Do you like it?
Watson: Does the job.
Shorkey: Do you love it?
Watson: I like it.
Shorkey: What's to love.
Watson: I see this.
Shorkey: It's okay.
Watson: I'm going to be sacrilegious, I'm not a huge car guy.
Shorkey: That's okay. What do you love?
Watson: I love my family. I love my friend's lake house. I have a, a friend with a
Watson: It's just the perfect lake house.
Shorkey: You can't love that. You can't love, can't love material things, it's against the rules. Why? Who made those rules? You know? That's what I'm saying. Like, I love that.
Shorkey: Where's the Lakehouse at?
Watson: It's in Atlanta.
Shorkey: Oh, wow. Where are you?
Watson: I'm gonna blank.
Shorkey: We have dealerships in Gainesville.
Watson: I'm gonna blank the name. I'll look it up.
Shorkey: Is it Lanier?
Watson: It's the other one. Lanier's the big one. Yeah. They're at like the second biggest one.
Shorkey: They're in Gainesville where Lake Lanier is basically. Which is right. I guess that's where Lake Lanier is basically.
Shorkey: Well, cool.
Shorkey: What's wrong with that?
Watson: Nothing, yeah,
Shorkey: But the neat thing about it is it's free, right? It's free
Costs no money to get there. Costs no money to get home and you, and you don't have to eat while you're there.
You don't go out to any restaurants. So it's free, right? No, it's not. No. Maybe the house is free. Yeah. It's your friend, whatever. But no, it's not free.
I mean that, that's the name. I, I want my, their ability to host like that and they host this friend and that friend and this family member.
Watson: That's the goal. So that's one of my visions.
Shorkey: That's a money goal?
Shorkey: Somebody money, somebody to give you this lake house.
Watson: No, it's gonna take money.
Shorkey: Is somebody gonna give it to you?
Shorkey: Are you gonna walk down the street? And you're just wide the street. Got a nice shirt on nice pants. Somebody goes, Hey, come here, Aaron. I got a house I want to give you. You really think that's gonna happen? Probably not.
Shorkey: Mark Cuban's probably not gonna, not gonna call you today and say, hey, Aaron, I listen to your podcast. I got a lake Lakehouse in Gainesville, Florida. That I'm gonna give you, cuz I think you're doing great work. Probably not gonna happen if it does. That'd be great.
Shorkey: Probably not. But loving that. Why is that such a bad thing? Who's selling us on these ideas? Like I love money. I really do. I learned from Jim Rome I think it was Jim Rone. I love Jim Rone by the way. And so when I, when I, and I can prove it to you. So when I take my wallet out, I have money in my wallet and I think it was Jim Rome who taught me.
I said, it might have been Zig Zigler. Somebody did, but when you arrange your money, you arrange it. I can't make this stuff up respectfully. So we respect money, right? Look what I do. 1 10, 20, 20, 20. Look how they're all in order, right?
Shorkey: And so rather than be crumpled up and like, look, and that was a little thing that I learned.
It's like, and I started doing it. It wasn't that this is like, oh, you did that. Therefore you're gonna be rich. But it was like, it made me think. about respecting money, about respecting the cash flow, about respecting the accounting. So this is a little mean thing that happens every day, cuz you're getting older every day.
Like if you go to the gas station yeah. You take your money out, you pay for things and then you gotta rearrange it again, respectfully, respectfully.
Watson: So there's an interesting one. You know, the way it's been framed. If you're trying to build a business, it's not one switch that was flipped. It's not one change.
Shorkey: Oh god no.
Watson: It's thousands of micro adjustments. And when someone sees, you know, the point A and the point B that were achieved in your case, someone may just see bankruptcy imminent.
Shorkey: Oh, yeah you're right.
Watson: But the reality is how many dealerships you're right. But reality, are there a thousand different adjustments? And what I'm also hearing is your framework for a relationship to money relationship to wealth and, and, and these types of ideas is one of the little adjustments is how you arrange your cash in your wallet.
Watson: One of the adjustments is going from not having an affirmation to having an affirmation. Yes. One of those other adjustments we can go on and on down the line.
Shorkey: Absolutely. Yeah. Yeah. Keep track. Like it's like, well, if you want to take care of your health, one really good, simple thing you could do is weigh yourself every day.
Shorkey: That, that would be, that would be one thing. And then at the same time, stand naked in front of a mirror. So have a look like, how do I look, well I don't look so good. Well, what are you gonna do about it?
Watson: Yeah. At home, not at the mall.
Shorkey: Oh, you can do it at the mall. If there's any law against that you'd probably be in trouble.
Maybe, maybe, probably I joke. But not yet at home. Yeah. But stand naked in front of the mirror, you know, should we do that? I think so. I think if, I think if the broad, if the broad population of America stood naked in front of the mirror, I mean, not everybody's gonna, some people are delusional, but some people are gonna say, wow, what in the heck happened to me? You know what I told you about this right? Donuts aren't a healthy food. Pizza is not a healthy food. Fritos are not a healthy food. So I gotta stop doing that. I gotta start doing the broccoli. I went to the store yesterday and bought some kombucha. I didn't buy Coca-Cola.
Shorkey: Kombucha is a pro body drink. It's very good for Jim Shorkey. 122 healthy, happy, terrific relaxing years on the front porch with you at 94 talking to you and my daughter, Katie and Lila. And, and my great grandchild. I don't wanna miss that. Right. And so do you think I've thought it through the whole way? And do you think I'll continue to do that?
Shorkey: Yes, absolutely.
Watson: So we end every single one of these interviews, Jim, with a challenge for the audience.
It's something they can go implement the next day, week, month. You've given us a bunch already over the course of this, the interview. But knowing that this is the last chance on the mic to speak to them, what would you want to do? What is the actionable personal challenge that you'd like to issue to the audience?
Shorkey: Okay. How much do you pay for this book? I'm gonna, I'm gonna say it was 12 bucks, maybe 15 bucks just to be conservative. Okay. So what I want the audience to do is I want you to go buy this book for 15 bucks and it's actually two books. So there's a book in the back here, which is really actually even better. It's how to get what you want. Well, how, how intriguing is that? How to get what you want? Well, I wanna know that, how do I get what I want? 122 healthy, happy, terrific years. How do I do that, right? So my challenge is to get this book, number one, actually I have three challenges.
Watson: Okay. Bring it. So it's 10 bucks actually.
Shorkey: 10 bucks. I'll take two. So, number one, I want you to buy a book for 10 bucks. Number two, I want you to read it three times, three times. I want you to get a pen and a pencil highlighter. I want you to really, really dissect this book. And then I'm gonna give you my email address, which is Jim Shorkey, email@example.com. You have it Aaron. So you can put it in the show notes.
Great idea. And I want you to email me with whatever questions or disagreements, whatever problems you have with a book and then I will do a live Facebook video based on those emails that I get with the challenge. Okay, cool. And say, yeah, here's what Aaron said about this.
And here's how I dissect that. And here's what, here's what Hannah said about this and here's what I think about that. And no, Hannah you got, you got that wrong. You just, you didn't get this, you misinterpreted this, right? Cause I notice this book really, really well. And so that's my challenge. Get the book, read it three times and then email me and tell me I'm full of crap.
Shorkey: And I can take it. I'm course I got like a thick skin brother.
Watson: third step might be the difficult one, but
Shorkey: No, no. Hey, I would, I love that. Tell me I'm full of crap. Disagree with me. I, by the way, you, as, as, as I expected, you had absolutely zero chance. Zero chance of accepting my challenge. What was my challenge? Stop me.
Shorkey: You didn't. I knew you wouldn't.
Watson: Maybe on the next one.
Shorkey: I doubt it. I doubt it. I'm a Caral and I move fast, man. Woo I'm in I'm in and out, man. Yeah, no, you won't get me.
Well, I'm gonna take that challenge at some point down the line.
And we'll do this again. But I appreciate you taking the time.
Oh man. I love you guys. It's great. It's fantastic to be here.
Watson: We just went deep with Jim Shorkey, hope everyone out there has a fantastic day.
Hey everyone. Thank you so much for listening to the end of my interview with Jim. If you found it valuable, I am confident you would also enjoy our past interview with Jason Wolf, who went from living in his car to selling one of his companies for $120 million. He gets into all of it, including how he's built his team.
So go check that out and hit subscribe because we've got some fantastic interviews coming real soon. Thanks for listening. Connect with Aaron on Twitter and Instagram at Aaron Watson 59.