184: Building Wealth with Passive Income: Not Just for the 1% with Paul David Thompson

Published: Feb. 11, 2019, 8:29 p.m.

b"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.
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\\nSince 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.
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\\nIn 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. \\u201cLevel Up Your Life through real estate investing.\\u201d
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\\nKey Points
\\nHaving a job is like being dirty - no shame, but don't wallow in it!\\xa0
\\nStart with something you understand (single family, flips, apartments, land, etc.)\\xa0
\\nBeing a deal maker, not a real estate investor
\\nInvest in yourself, then your network, and finally in assets
\\nLie every day - Learn, Invest, and Enrich someone else's life
\\nLightning Questions
\\nWhat was your biggest hurdle getting started in real estate investing, and how did you overcome it?
\\nPaul had to first overcome his fear of failure. To overcome that fear, Paul figured our what that exact next step was.\\xa0
\\nDo you have a personal habit that contributes to your success?
\\nPaul is always learning, and putting knowledge into his mind.\\xa0
\\nDo you have an online resource that you find valuable?
\\nYoutube.com
\\nWhat book would you recommend to the listeners and why?
\\nRich Dad Poor Dad by Robert Kiyosaki
\\nThe Big Leap by William Danko
\\nIf you were to give advice to your 20 year old self to get started in real estate investing, what would it be?
\\nDon't goof around, but do something with the internet and information age.\\xa0
\\nResources
\\nVisit Audible for a free trail and free audio book download!
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\\nLearn more about Paul here
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\\nFind Paul's special offer to you at www.PaulDavidThompson.com/Jacob/
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\\nReady Investor One podcast"