56 min
A Country Boy’s Journey From Broke to Millions in Generational Wealth with Business Titan James Harold Webb From Adversity to Abundance
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- Investing
Being born to teenage parents and working for peanuts as an X-ray technician, James Webb never dreamed he’d one day be a business titan, investor, and philanthropist worth many millions of dollars.
(26:08) “There's a recording of me in high school, and if I hadn't heard of myself, I wouldn't believe it, but they're asking questions at my church about, what are you gonna do after graduate high school? And there's this little, tiny voice that says, ‘I'm gonna change the destiny of my family.’”
Tune in to unravel the tumultuous and incredible story of an underdog, who despite all odds, did indeed change the destiny of his family by starting with nothing and ending up with 33 gyms, 28 imaging centers, 1000 employees, and 10s of global business partners.
After breaking the cycle of generational poverty, he’s now set on creating generational wealth for his family that will outlive his grandchildren.
(51:26) “94% of all wealth is long lost by the third generation. That is caused by family disagreements, not by bad investments”
James Harold Webb is a philanthropist, mentor, and investor.
Adversities James had to overcome:
Born to 2 teenage parentsFired after being a VP of 300 employees DivorceHeld at gunpoint in Nicaragua Became a widowerGot diagnosed with a tumor
Abundance James created:
Sold his first company for $400KHad 7 other exits where he soldhis other companies for $94 million and $66 millionHad 1000 employees at one pointMaking $800K in revenue per month before selling his companyStarted 33 orange theory fitness gyms and sold them right before the pandemicDonates 10% of after-tax profits
Lessons from James’ adversities
Health is hard to predict Take more risks Start earlyBe resilient and find a way“Relationships are the single biggest factor in your success”
Tune in as James and Jamie talk about:
(00:00) Jamie's episode intro
(04:00) James’ backstory and moving cities on a coin flip
(07:03) Becoming one of the first MRI salesmen
(09:03) Getting up after losing his job and his marriage
(12:37) How he got his first investor
(14:53) Turned down by 49 investors
(16:40) Selling his company because his life was in danger
(19:48) How the FBI shut down his new business
(25:08) Is it ok to be motivated by money?
(27:43) $94 million exit and devastating news
(31:40) The real reason why money isn’t enough
(34:43) The right time to sell your company
(38:53) James’ typical week
(40:20) Do you need formal business training?
(41:15) Lessons from his adversities
(43:26) Finding investments with immediate cashflow
(44:29) Rapid-fire questions
(49:12) Family legacy planning
(54:03) Connect with James Webb
Books and Resources
Redneck Resilience: A Country Boy’s Journey To Prosperity by James Harold Webb
One Minute Manager by Ken Blanchard
Buy the Milk First by Murray Lee
Connect with James Harold Webb:
WEBSITE: https://jamesharoldwebb.com/
LINKEDIN: https://www.linkedin.com/in/jamesharoldwebb/
TWITTER: https://twitter.com/JamesHaroldWebb
Follow Labrador Lending
WEBSITE: https://labradorlending.com/
LINKEDIN: https://www.linkedin.com/company/71512077/admin/
FACEBOOK: https://www.facebook.com/labradorlending
TWITTER: https://twitter.com/LabLendLLC
INSTAGRAM: https://www.instagram.com/labradorlendingllc/
YOUTUBE: https://www.youtube.com/channel/UChYrpCUlqFYLy4HngRrmU9Q
TIKTOK: https://www.tiktok.com/@labradorlendingllc?lang=en
Connect with Jamie
LINKEDIN: https://www.linkedin.com/in/jamie-bateman-5359a811/
TWITTER: https://twitter.com/batemanjames
INSTAGRAM: https://www.instagram.com/batemanjames11/
Investment Opportunity
Are you an accredited investor interested in monthly cash flow from an investment backed by physical real estate?
Our income fund--which is uncorrelated to publicly traded stocks and bonds--invests in first-lien mortgage notes diversified by geography, property value and borrower type. The fund aims to pay its investors monthly distributions at a
preferred
Being born to teenage parents and working for peanuts as an X-ray technician, James Webb never dreamed he’d one day be a business titan, investor, and philanthropist worth many millions of dollars.
(26:08) “There's a recording of me in high school, and if I hadn't heard of myself, I wouldn't believe it, but they're asking questions at my church about, what are you gonna do after graduate high school? And there's this little, tiny voice that says, ‘I'm gonna change the destiny of my family.’”
Tune in to unravel the tumultuous and incredible story of an underdog, who despite all odds, did indeed change the destiny of his family by starting with nothing and ending up with 33 gyms, 28 imaging centers, 1000 employees, and 10s of global business partners.
After breaking the cycle of generational poverty, he’s now set on creating generational wealth for his family that will outlive his grandchildren.
(51:26) “94% of all wealth is long lost by the third generation. That is caused by family disagreements, not by bad investments”
James Harold Webb is a philanthropist, mentor, and investor.
Adversities James had to overcome:
Born to 2 teenage parentsFired after being a VP of 300 employees DivorceHeld at gunpoint in Nicaragua Became a widowerGot diagnosed with a tumor
Abundance James created:
Sold his first company for $400KHad 7 other exits where he soldhis other companies for $94 million and $66 millionHad 1000 employees at one pointMaking $800K in revenue per month before selling his companyStarted 33 orange theory fitness gyms and sold them right before the pandemicDonates 10% of after-tax profits
Lessons from James’ adversities
Health is hard to predict Take more risks Start earlyBe resilient and find a way“Relationships are the single biggest factor in your success”
Tune in as James and Jamie talk about:
(00:00) Jamie's episode intro
(04:00) James’ backstory and moving cities on a coin flip
(07:03) Becoming one of the first MRI salesmen
(09:03) Getting up after losing his job and his marriage
(12:37) How he got his first investor
(14:53) Turned down by 49 investors
(16:40) Selling his company because his life was in danger
(19:48) How the FBI shut down his new business
(25:08) Is it ok to be motivated by money?
(27:43) $94 million exit and devastating news
(31:40) The real reason why money isn’t enough
(34:43) The right time to sell your company
(38:53) James’ typical week
(40:20) Do you need formal business training?
(41:15) Lessons from his adversities
(43:26) Finding investments with immediate cashflow
(44:29) Rapid-fire questions
(49:12) Family legacy planning
(54:03) Connect with James Webb
Books and Resources
Redneck Resilience: A Country Boy’s Journey To Prosperity by James Harold Webb
One Minute Manager by Ken Blanchard
Buy the Milk First by Murray Lee
Connect with James Harold Webb:
WEBSITE: https://jamesharoldwebb.com/
LINKEDIN: https://www.linkedin.com/in/jamesharoldwebb/
TWITTER: https://twitter.com/JamesHaroldWebb
Follow Labrador Lending
WEBSITE: https://labradorlending.com/
LINKEDIN: https://www.linkedin.com/company/71512077/admin/
FACEBOOK: https://www.facebook.com/labradorlending
TWITTER: https://twitter.com/LabLendLLC
INSTAGRAM: https://www.instagram.com/labradorlendingllc/
YOUTUBE: https://www.youtube.com/channel/UChYrpCUlqFYLy4HngRrmU9Q
TIKTOK: https://www.tiktok.com/@labradorlendingllc?lang=en
Connect with Jamie
LINKEDIN: https://www.linkedin.com/in/jamie-bateman-5359a811/
TWITTER: https://twitter.com/batemanjames
INSTAGRAM: https://www.instagram.com/batemanjames11/
Investment Opportunity
Are you an accredited investor interested in monthly cash flow from an investment backed by physical real estate?
Our income fund--which is uncorrelated to publicly traded stocks and bonds--invests in first-lien mortgage notes diversified by geography, property value and borrower type. The fund aims to pay its investors monthly distributions at a
preferred
56 min