The Wealth Without Wall Street Podcast

Why Financial Success Alone Won’t Make You Happy with JP Newman

Apr 17, 2025

JP Newman, Founder and CEO of Thrive FP, shares his journey from financial success to discovering true fulfillment. He reveals how achieving wealth often comes with unexpected pressures and emphasizes the role of financial literacy in personal growth. Newman delves into the importance of creating community impact through investments and how entrepreneurship can foster altruism. He also discusses overcoming challenges in multi-family real estate and highlights the significance of purpose-driven investing for enhancing emotional well-being.

32:41

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Episode guests

JP Newman

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Episode notes

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Quick takeaways

Financial success often leads to unexpected anxiety rather than fulfillment, highlighting the need for a healthier relationship with money.

True wealth encompasses more than just financial gain, emphasizing the importance of time, health, relationships, and community impact.

Deep dives

The Concept of Passive Income

The discussion highlights the idea of transitioning from active income to passive income, which is a key element of financial freedom. It outlines how individuals can create a consistent stream of passive income by applying the principles of infinite banking. The hosts emphasize the significance of a structured approach, referred to as the passive income operating system, to connect various financial strategies effectively. This approach is designed to help people streamline their finances and ultimately achieve greater financial independence.

Intro

2min

Navigating Wealth and Well-being

14min

Navigating Challenges in Multifamily Real Estate Investing

4min

Building Community Through Investment

7min

The Power of Purpose in Investing and Community Stewardship

6min

What happens when you achieve financial success, but the journey isn’t as fulfilling as you imagined? In this episode, JP Newman joins Russ and Joey to share his transformation from hustling to financial success, only to discover that wealth-building is about much more than just accumulating money.

JP opens up about his struggle with finding purpose after reaching financial milestones and how financial literacy and a shift in mindset became his game changers. He explains the importance of creating a community impact through business, the lessons learned from his personal and professional setbacks, and how entrepreneurship can be a tool for giving back.

Tune in for insights on wealth and personal growth.

Top three things you will learn:

-Building wealth with purpose

-How mindset influences financial success

-Creating lasting impact

About Our Guest:

JP Newman is the founder and CEO of Thrive FP, a top-tier lender and investors’ real estate investment firm specializing in the multi-family sector with over 15,000 apartment units owned.

With over $1.5+ billion in total transactions value since 2011, JP has driven a level of success far above his competitors as he leads his company. His commitment to enriching lives continues to evolve with a solid business model that outperforms his competitors through higher resident retention.

JP’s vision is driven by his unwavering commitment to using the best practices of putting people first, coupled with a core value of respect for all stakeholders–investors, residents, and employees.

Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.

This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.

The hosts may have a financial interest in the programs or services mentioned in this episode.

Connect with JP Newman:

-Website - https://thrivefp.com/

-Investing on Purpose Podcast - https://youtube.com/channel/UCE-RwBRU99XI_K5N1TaQXsQ

Book Your Free Passive Income Game Plan Session:

-https://wealthwithoutwallstreet.com/freecall

The Self Storage Investing Podcast:

-https://selfstorageinvesting.com/our-podcasts/

Turn Active Income Into Passive Income:

-https://wealthwithoutwallstreet.com/pios

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