Episode 34: Tommy Mello | Building Wealth by Investing in Recession-Resistant Businesses

Take my FREE course for real estate investors! The 5-Step Framework for How I Went from 0 to 12,000 Doors: https://scale.abetterlife.com/framewo... Join my Mastermind Group & learn how to achieve financial freedom: https://join.abetterlife.com/tribe?el... LISTEN to the full audio recording of this episode on your favorite podcast platform or at: https://www.abetterlife.com/listen LIKE this video & SUBSCRIBE to the channel to be notified when new episodes are released! Tommy Mello is the owner and operator of A1 Garage Door Service, one of the most successful home service businesses in the country. He also hosts the Home Service Expert podcast, was named a Top Entrepreneur Under 35, and owns and invests in several other businesses ranging from Christmas lights to mobile apps. In this episode, Tommy breaks down how you can build wealth with recession-resistant, blue-collar service businesses – and how to have fun doing it. You'll learn how he went from $50,000 in debt to a massive exit and "life-changing" money, all while helping his team members achieve their own dreams and undergoing a personal evolution in his leadership, health, and faith. Tommy also shares: -Why arbitrage is the one business skill to rule them all -Why home service businesses thrive despite pandemics, recessions, and the advent of AI -Vanity metrics and the only 4 Key Performance Indicators (KPI's) he cares about -Why you should "always be recruiting," and why he doesn't worry about giving away secrets to his competition -The #1 mistake he sees people make when starting service businesses -How to hire A-players and motivate them with equity and other performance incentives -His religious faith and the "deal" he made with Jesus when his father was on the brink of death -His health regimen: Testosterone Replacement Therapy (TRT), supplements, and massage -The health benefits he's experienced since abstaining from alcohol -Exactly what he'd do if he had to start over with no money Tommy's Charitable Cause: The Johns Hopkins Center for Health Security, an "independent, nonprofit organization that works to protect people's health from epidemics and pandemics and ensures that communities are resilient to major challenges." * *All ad revenue from this episode is donated directly to the charity of the guest's choice Connect with Tommy:   / officialtommymello     / thomasmello      / @officialtommymello   https://www.tiktok.com/@officialtommy...   / 2732901080161138   https://homeserviceexpert.com/podcast https://www.freedomevent.com/ https://homeservicemillionaire.com FOLLOW me on socials:   / beardybrandon     / beardybrandon     / beardybrandon     / beardybrandon     / brandon-turner-1b96b6209