This isn’t the polished success story you’ve heard before. In part one of this two-part interview, Tom Krol opens up about the lowest point of his life: getting fired, struggling to pay bills, and watching his wife break down in tears. He shares how mentorship from his stepbrother, Todd Toback, and the hard lessons of humility set him on a completely different path.

Listen as he reveals the personal mindset shifts, journal entries, and the early principles that helped him go from rock bottom to multiple seven-figure exits. It’s raw, honest, and unlike anything he’s shared publicly before. Enjoy the show!

You’ll Learn How To:

• Turn failure and self-doubt into fuel for growth
• Use journaling as a tool for clarity and self-awareness
• Find harmony between business and family instead of chasing “balance”
• Build real generational wealth through values, skills, and mindset

What You’ll Learn in This Episode:

• (03:44) How Tom first showed up on Todd Toback’s No Limits Real Estate Investing podcast after losing his job
• (05:02) The “do or die” training series that pushed him to his first deal
• (09:00) Why submitting to mentorship (even from his own brother) was a turning point
• (10:05) Lessons from journaling over a decade and the surprising shift from his journal entries
• (15:17) Raising five kids across 25 years and the lessons learned
• (17:24) Why harmony matters more than balance
• (17:55) The truth about hustle: it’s a season, not a lifestyle
• (20:52) The 50/10/50 productivity method that boosts focus and output
• (24:30) Why hitting rock bottom creates the focus needed for a breakthrough
• (27:20) The real meaning of generational wealth: teaching skills and values, not just leaving money
• (29:41) Real reason people burn out and how to avoid the hamster wheel
• (30:08) Why going “all in” matters, and how success comes from who you are before what you do
• (32:00) The lessons from mentors, books like Rhinoceros Success and The Go-Giver
• (35:54) The Four Spiritual Laws of Prosperity
• (37:21) The difference between success (internal) and wealth (external)
• (39:10) Closing the gap between your ideal and where you are

Who This Episode Is For:

• Entrepreneurs stuck in a struggle or facing financial pressure
• Coaches who want practical, real-world lessons
• Parents juggling business and family
• Anyone who has ever hit rock bottom and wondered if it’s the end or a new beginning

Why You Should Listen:

From being broke and lost to building businesses worth millions, he shares the lessons, mindset shifts, and family principles that made it possible. If you’re in the middle of your own fight or searching for direction, this episode gives you both hope and a game plan to move forward.

Connect with Owen and Ted:

• Owen Instagram: @odawg2424
• Ted's Website: https://linktr.ee/tedkaasch
• YouTube: REIA Radio

Resources:

• Apply now for Coaching Inc.’s private mastermind at coachinginc.com
• Join us in Nashville on October 27–29 for the only room where 100 of the top coaches, consultants, and creators will be building and implementing together.