Ready Investor One

In episode 64 I talk about how to consider buying a specific asset. What a cap rate is, how to calculate it, and why cash on cash return can be a misleading measure of returns.

In Episode 63 I continue my conversation with Elizabeth Ralph and we discuss an opportunity she is seeing in her market that could potentially be used in other markets.  You have to be able to find your "in" to the current market and this is a possibility I'm looking for in my market now. You can pick up a copy of my new book 'Escape: Money Mindset to Freedom' at this link Be on the look out for me going live on Facebook and Youtube.

In episode 62, listen in to a compelling story of how a corporate finance employee breaks out of the matrix by investing in real estate. Elizabeth Ralph shares her personal story of how she redesigned her life to be in alignment with her life goals. www.escapeyourw2.com

  Do you ever struggle with motivation to keep plugging away at finding new deals, managing your portfolio, and achieving your goal of financial independence? Of course you do. So did I and so does everyone else. This episode will give you a boost and help you rekindle your attitude. Plus I have a little twist on a new format I'm working on. Tune in and check out of your job ;)

In episode 60 I share 5 ways to overcome the chaos of modern life and focus on getting done what matters most to you. 1. Define specific, short-term deadlines 2. Pareto the Tasks 3. Trust Your Gut 4. Develop The Habit of Finishing 5. Practice Quitting

Based on your stage in life, you'll determine whether you should be a real estate entrepreneur or passive investor and where to focus your energy.   Your stage in life can largely influence what your next action    starter - cash flow creation  stability - cash flow stability growth - wealth and cash flow accumulation  income - wealth distribution  preservation - wealth retention

In episode 58 I chat with Jay Helms about his story, his development as a real estate investor, his relationship with his w2 job and much more. You can find Jay at www.w2capitalist.com

10 Things Every Investor Should Buy Services 1. Term life insurance   Knowledge 2. Library card 3. Read 1 hour a day  4. Mentor or coaching   Assets 5. Pay yourself first 6. Personal Residence - make it an asset 7. liquid assets - index fund 8. rental property (optional)  9. Business (optional) 10. whole life insurance (optional)   Bonus: Buy Life Experiences

The BRRRR method is an investing technique that is sweeping across the country. In David Greene's new book from Biggerpockets, he explains the process in a way that makes it marvelously simple. I know of no better place to get this strategy explained in more detail than this book.   I cover my favorite aspects of the book in this episode. Buy Rehab Rent Refi Repeat Pre-order a copy of Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple  

To be a successful investor you need each of these 5 keys.   Know the rules of the game Know techniques for investing Have access to money Have access to deals Have a network of people to work with To see a specific example of a deal I did where I used each of these 5 components join me on a Free web masterclass www.pauldavidthompson.com/webinar

Today I cover a mashup on content from several influential books in my life. Those books are: The Compound Effect by Darren Hardy The One Thing by Gary Keller and Jay Papasan Essentialism by Greg Mckeown  4 Disciplines of Execution Deep Work by Cal Newport * All links are Amazon Affiliate Links. This is a marriage of compounding your results by consistently executing activities that focus on the essential work that will create an exponential life.

Choose between two strategies in life. One is a Linear Life and the other is an Exponential Life. I share practical examples of how you can shift your thinking to live an Exponential Live. email me at paul@pauldavidthompson.com

  Fellow podcasting friend Daray and I discuss various aspects of a property run mastermind. What's a good format? Who should participate? Should you pay for one? etc.  

  I recap the 10 takeaways from my interview with Alex Felice from episode 50. 1. Education ramp-up time 2. Can't 401k your way to freedom in the short-term 3. Hard to buy a foreclosure with an FHA loan 4. Hack a House Hack using delayed financing 5. Being geographically close to your investment property can be a drawback 6. Live like a peasant 7. Buying with cash has advantages (separate transaction from the long-term financing) 8. Play the long game 9. Velocity of Money 10. Avoid the echo chamber

Alex Felice shares how he uses delayed financing to acquire properties with 100% financing and isn't bashful about telling you how to get your investments into gear. Check out Alex at www.brokeisachoice.com  

I dispell 3 Myths about real estate and share 5 Steps to Investing Success. The key to success and going places is putting your message in front of people’s FACES. 1. F - Filter 2. A - Attract 3. C - Convert 4. E - Execute 5. S - Seal www. pauldavidthompson.com/jumpstart

The single most important aspect of our lives that we control and yet most of the time we do a terrible job doing. The struggle is the constant fight for focus! And more importantly, focusing on the right things! How to get into the flow state and work on the right tasks!

The lessons about money, mindset and lifestyle design I gleaned from speaking with Lindsay Walsh.  1. Get started and Max it out 2. Maximize legal tax sheltering 3. Learn to Manage Your Own Money 4. Revel in the Confidence of your Competence  5. Embrace the Emotional Component of Money 6. Business Can Be A Fun and Creative Outlet 7. Forget the Bucket List, Make it Happen Now 8. Bonus - Beware Hallow Dreams I'm hosting a new live web training called REI Pathway Jumpstart where I'll be covering the 6 Simple Steps to Investing Success and allow you to ask questions and tailor your plan to your situation. Enroll now we begin on January 9th, 2019

Lindsay Walsh has an incredible and relatable backstory. She's an everyday woman who had the courage to do the extraordinary and changed the trajectory of her life. You can find her at stella&dot website https://www.stelladot.com/sites/lindsay www.pauldavidthompson.com/jumpstart

  I share a personal story and demonstrate how important having multiple streams of income is to build a strong financial fortress.  How many streams of income have you created? I have a webinar how to build additional streams of income called Fire Your Boss