494. The Path of Money (Wealth Series Part 1)

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Mar 3, 2025

Discover how wealth building can be simplified through the "Path of Money" model. Hear a personal journey that illustrates key shifts from earning to investing. Explore the critical differences between active and passive investing, and learn how to leverage them for greater financial returns. Understand the importance of analyzing your money flow and making informed choices. Insights on spending, saving, and compound growth will empower your financial decision-making. Get ready to take control of your financial future!

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INSIGHT

Financial Wealth Definition

Financial wealth means having passive income to support your life mission without working.
Passive income is money your money earns while you're not actively working.

ANECDOTE

Papasans' Wealth Journey

Jay Papasan and his wife, both non-finance majors, used the Path of Money model to build wealth.
They went from a net worth of $2,200 to millionaires in seven years.

ADVICE

Make Money Work

Learn how to make your money work for you, so passive income surpasses earned income.
This shift accelerates financial freedom and provides more choices.

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Wealth building doesn’t have to be complicated, but most of us were never taught the fundamental principles that make it possible. In this first episode of our three-part series, Jay Papasan breaks down "The Path of Money"—a straightforward model originally shared by Gary Keller in The Millionaire Real Estate Investor.

Jay shares his own journey from an English-French major with no financial background to a successful investor, highlighting the simple but powerful shifts that helped him and his wife build financial security and freedom.

This episode simplifies financial jargon and provides a clear roadmap for making money decisions with confidence. Whether you’re struggling with money, looking to grow wealth, or just curious about how the most successful investors think, this framework will help you make informed choices.

Challenge of the Week:

Go to the1thing.com/pathofmoney and download the free framework. Take 30 minutes to analyze where your money is currently going. How much are you spending, saving, donating, or investing? Understanding your financial choices is the first step in building wealth.

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To learn more, and for the complete show notes, visit: the1thing.com/pods.

We talk about:

How to simplify wealth building using the "Path of Money" model.
The key differences between earning, saving, and investing money.
Why understanding passive vs. active investments accelerates financial freedom.

Links & Tools from This Episode:

Download the free Path of Money framework to start making your money work for you.
Read The Millionaire Real Estate Investor by Gary Keller, Jay Papasan, and Dave Jenks
Read What I Learned Losing a Million Dollars by Jim Paul and Brendan Moynihan
Free Resources
Want to be a guest or share feedback? Email podcast@the1thing.com or send us an audio note at Speakpipe.com/the1thing.

This podcast is for general informational purposes only. The guest’s views, thoughts, and opinions represent those of the guest and not KWRI and its affiliates and should not be construed as financial, economic, legal, tax, or other advice. This podcast is provided without any warranty, or guarantee of its accuracy, completeness, timeliness, or results from using the information.

Produced by NOVA