Rich Schott
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Rich Schott "If you want to work the rest of your life that’s your business, if you don’t that’s my business."

About Rich

Today, at 53, Rich is realizing his dreams and most of his goals. He has run multi-million dollar home-based businesses and is recognized as a leader in cryptocurrencies, network marketing, online marketing, business and real estate investing.

Over the years, four things have dominated his life – love for family, an incredible work ethic, an entrepreneurial spirit, and a great passion for fishing.

Much of his childhood was spent in an old rented farmhouse near a creek where he caught bluegills no bigger than his fist. Money was tight. He knew if he wanted a fancy fishing pole, he’d have to buy it himself.

At age four, Rich started his first business, pulling plump worms from the earth and selling them to local fishermen. He bought his first fishing pole, then a swing set, and later a new bicycle. Within a few years, he diversified his income by picking up aluminum cans from the country roadsides. As he got older, he fantasized about Florida, dreamed of bigger fish in the ocean of life. He mowed grass, babysat, collected scrap metal, worked as a grounds keeper, and he saved.

By the time Rich was 14, he had a thriving scrap metal business and bought a GMC pickup to haul it to the recycling center. "I would pile two tons of scrap onto the bed of my 3/4 ton pickup. I wasn't old enough to drive, so my mom drove me to the city and helped me unload it. Then I would come home, tuck away my profits and go fishing."

The Journey Begins

The summer of 1987, after an unsuccessful 90 day college career, Rich knew the traditional path to a job wasn’t for him. He headed to south Florida with the determination to find his way in the world.

Like many young guys, Rich was charmed by exotic sports cars, and as a fisherman he was also fascinated with the yachts that graced the Atlantic Ocean. Florida was teaming with both. Although he couldn’t afford either, he settled for the next best thing and within a year had saved enough money to start a company named Mobile Detailing, his first full-time business. “It was exciting to be around exotic cars, yachts and private jets, even if I was just cleaning them up for the owners,” he said. He remembers the day when one of his clients summed up the secret of success in just one word – TIMING. “He told me if I ever have the opportunity to position myself in front of growth, and become part of that growth, I could profit. The product, service, or industry wouldn’t matter if the timing was right." At 18, I didn’t know what that meant, but it all came together later in life.” Rich said.

While building a successful detailing business, Rich supplemented his income by selling sports collectibles and memorabilia at flea markets. He also got involved with a network marketing company and sank all the profits from his other businesses into the new venture. “It didn’t work out, and after a few years I lost everything. It was a good learning experience though, and it gave me the building blocks to be successful in future ventures. More than anything, I learned to be careful who I’m in business with,” he said.

Rich looks back on the experience as “a short-term failure with a positive long-term outcome.” Ironically, it was during this tough time that he realized life’s greatest catch doesn’t come at the end of a fishing pole – he met his ex-wife of 23 years, a parochial school teacher. “She always believed in me and my dreams even when it wasn’t easy. Her steady income helped get us through some pretty rough times,” he said.

Today, Rich is a successful owner of several diverse businesses. In addition, he has successfully coached, mentored and trained internationally thousands of people over the past 15 years. Having been around the block a few times, I have learned that both success and failure leave clues. I have learned to take success clues of others and compound them multiple times in many diverse businesses. Once you have successfully built any business you can do it over and over while applying the same success principles. Ultimately, building multiple streams of income that come in regardless of your own personal efforts once the businesses are set up and leveraged properly. Fortunately, this was something that I was able to master and now have the ability and pleasure to pass it on to others. My way of paying it forward since I have been truely blessed!