184: Building Wealth with Passive Income: Not Just for the 1% with Paul David Thompson
In 2015, Paul Thompson wanted out. His corporate office had become a suffocating cell. Paul decided to start buying rental houses, build passive income and break the chains of Corporate America. He was so successful, he secured 20 deals in his first 18 months of investing. Since that time he has acquired more than 2 dozen rentals without bank financing. Now he teaches others how to raise money from regular people that have some funds to invest. In addition to coaching others and still investing himself, Paul hosts a podcast to educate others. Ready Investor One offers tips, hacks, insights and more for listeners interested in creating opportunities for passive income. “Level Up Your Life through real estate investing.” Key Points Having a job is like being dirty - no shame, but don't wallow in it! Start with something you understand (single family, flips, apartments, land, etc.) Being a deal maker, not a real estate investor Invest in yourself, then your network, and finally in assets Lie every day - Learn, Invest, and Enrich someone else's life Lightning Questions What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Paul had to first overcome his fear of failure. To overcome that fear, Paul figured our what that exact next step was. Do you have a personal habit that contributes to your success? Paul is always learning, and putting knowledge into his mind. Do you have an online resource that you find valuable? Youtube.com What book would you recommend to the listeners and why? Rich Dad Poor Dad by Robert Kiyosaki The Big Leap by William Danko If you were to give advice to your 20 year old self to get started in real estate investing, what would it be? Don't goof around, but do something with the internet and information age. Resources Visit Audible for a free trail and free audio book download! Learn more about Paul here Find Paul's special offer to you at www.PaulDavidThompson.com/Jacob/ Ready Investor One podcast