Short Term Rental Secrets Podcast

Ep 194 - How to Work with Your Spouse with Jay and Wendy Papasan

Jun 17, 2024

Jay Papasan, a bestselling author and Vice President at Keller Williams, and his wife Wendy, a successful real estate investor, share their inspiring journey of building a real estate empire together. They emphasize the power of aligning goals as a couple and the significance of having a 'big why.' The Papasans highlight key topics like overcoming a scarcity mentality, the importance of financial education, and their upcoming Couples Goal Setting Retreat designed to help partners harmonize aspirations for greater success.

38:44

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Episode guests

Wendy Papasan

Jay Papasan

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Episode notes

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Quick takeaways

Aligning financial aspirations and motivations as a couple through consistent goal-setting discussions fosters a stronger partnership and shared commitment.

Building wealth in real estate requires persistence, adaptation, and supportive networks that normalize the challenges and strategies for success.

Deep dives

The Importance of Knowing Your Why

Understanding the personal significance of financial independence is crucial for commitment to the necessary sacrifices in real estate investing. Without a clear motivation, individuals may struggle to make the needed changes in their lives. For those working traditional jobs, identifying a strong ‘why’ can turn challenging decisions into necessary steps toward achieving goals. This drive often stems from a desire to avoid pitfalls in life, such as the experience of being unable to spend time with loved ones during tough times.

Intro

4min

From Homeowners to Investors

20min

Navigating Business Adaptation and Goal Setting

3min

Aligning Aspirations: Couples and Goals

6min

Collaboration and Success in Business

3min

Connecting with Resources and Engagement Opportunities

2min

Jay and Wendy Papasan discuss their journey from humble beginnings to building a successful real estate empire. They discuss the power of aligning with your significant other through goal setting and the importance of having a 'big why' to drive you forward. The Papasan's share insights from their experience with Keller Williams, investing in rental properties, and the critical role of persistence and proper goal management in achieving financial independence. The episode also touches on their upcoming Couples Goal Setting Retreat, which has helped countless couples align their goals and values for greater success.

00:00 Introduction and Importance of Sacrifices

00:11 Meet the Hosts: Mike and Emanuel

00:35 The Concept of Short Term Rentals

00:44 Live from Boston: Special Episode

00:57 Guest Introduction: Wendy and Jay Papasan

01:53 Jay's Journey with Keller Williams

03:34 First Steps into Real Estate Investing

04:54 Building Wealth and Overcoming Scarcity Mentality

12:16 The Importance of Financial Education

18:44 The Power of Consistent Effort

19:26 Understanding the Journey to Success

21:31 The Importance of Focus in Entrepreneurship

22:21 Building Wealth Through Long-Term Investments

23:44 Navigating Speculation vs. Investment

27:47 Setting Goals as a Couple

33:46 Secrets to Success and Final Thoughts

Jay and Wendy's Bio

Jay Papasan is a bestselling author who serves as the Vice President of Strategic Content for Keller Williams Realty International, the world’s largest real estate company. He also cofounded KellerINK and Produktive with Gary Keller, and is a principal owner, with his wife Wendy, of Papasan Properties Group in Austin, Texas. Jay was born and raised in Memphis, TN. After attending the University of Memphis, he spent several years working in Paris. He later graduated from New York University’s graduate writing program and began a publishing career that led him to HarperCollins Publishers. There, he helped piece together bestselling books such as Body-for-Life by Bill Phillips and Go for the Goal by Mia Hamm. After moving to Austin, Jay joined Keller Williams Realty International, and in 2003 he co-authored The Millionaire Real Estate Agent, a million-copy bestseller, alongside Gary Keller and Dave Jenks. He also co-authored the bestsellers The Millionaire Real Estate Investor and SHIFT. His most recent work with Gary Keller on The ONE Thing has sold nearly 2.5 million copies and has been translated into 41 different languages worldwide. Last year, Papasan Properties ranked #21 for teams out of 120,000 Realtors in Texas by Real Trends. In addition to her real estate business, Wendy is the co-founder and Chairman of the Board for Her Best Life, a million-dollar startup that helps women build big businesses and even bigger lives. Wendy is married to Jay Papasan, an international speaker, the #1 best-selling real estate author, and the vice president of Keller Williams Int'l. They are the proud parents of two teenagers and a dog named Taco. Visit wendyis.fun for more information.

Connect with Jay and Wendy

www.jaypapasan.com

www.wendyis.fun

www.papasanproperties.com

Connect with the Hosts

https://linktr.ee/mikesjogren

Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin

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