The BetterLife Podcast: Wealth | Real Estate Investing | Life

#19: Jay & Wendy Papasan

Jul 17, 2023

01:49:00

Creator website

Episode guests

Wendy Papasan

Jay Papasan

AI Summary

Highlights

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Start tracking your net worth to kickstart your financial journey.

Build a time billionaire mindset for prioritizing what truly matters.

Set crystal clear goals and work backward to achieve them effectively.

Implement a reverse funnel approach in marketing for targeted campaigns.

Focus on creating a legacy of impact and empowering others to live authentically.

Deep dives

Focusing on Business Growth Through Others

The podcast delves into the concept of achieving success through others, highlighting the shift from being a successful salesperson to becoming a successful business person. It emphasizes the importance of learning to succeed through others as the ultimate strategy for growth and achievement in business.

Defining Happiness and Fulfillment

01:38

The Importance of Communication and Setting Expectations

02:13

The Importance of Reading with the Intent to Teach

00:57

Strengthening Relationships Through Working Out Together

01:37

Introduction

3min

The One Thing That Changed My Life

3min

The Importance of Dating Someone

2min

The B.W. And A.W Before and After

2min

The Longest Rehab of All Times

2min

God Taps You on the Shoulder

3min

The Importance of Financial Freedom

3min

The Indefensible

4min

When's Enough?

3min

10.

The Importance of Balance in Life

2min

11.

The Wheel of Life

2min

12.

How to Be a Successful Writer

5min

13.

Gary Keller: A Millionaire Real Estate Investor

3min

14.

How I Found My Dream Job at Kelaweoms

3min

15.

The Bible of Real Estate

2min

16.

How to Be a Successful Real Estate Agent

5min

17.

How to Adapt to the Market

3min

18.

How to Build Your Wealth

2min

19.

How Wendy and I Become Net Worth Millionaires

2min

20.

How Jay and I Invested in Real Estate

2min

21.

The Importance of a Real Estate License

2min

22.

How to Build a Cash Flowing Business

2min

23.

How to Avoid Spending Money When You Have the Money

2min

24.

The Importance of Spending Money

3min

25.

The Gift of Working With Gary Keller

2min

26.

How to Retain the Best From Reading

2min

27.

The Importance of Simplicity Parenting

2min

28.

Act in Academy: A Small School

5min

29.

The Importance of Being a Successful Entrepreneur

2min

30.

How to Start an Acting Academy

4min

31.

The Importance of Living Out Your Potential

4min

32.

The Power of Love

3min

33.

Three Pivot Books That Have Changed the Way We Live Our Lives

4min

34.

The Power of Focusing on What Matters

2min

35.

The Symbol Path to Wealth

2min

36.

Die With Zero: A Powerful Perspective on Wealth

2min

37.

The Importance of Being a Leader

3min

38.

How to Succeed in Life

2min

39.

The Importance of Having a Director of Finance

3min

40.

How to Be a Better Leader

4min

Jay and Wendy Papasan are a real estate, business, and leadership power couple from Austin, Texas.

Jay co-authored the #1 best-seller ‘The One Thing’ and serves as Vice President at Keller Williams International. Wendy runs the Papasan Properties Group, a top 1% real estate agency, and hosts the ‘Empire Building Podcast.'

In this episode, Jay and Wendy share how they dove head first into investing after realizing at age 30 that their net worth was just $2,000; how they've developed as leaders, spouses, and parents; how they set goals; and what they've learned from working 1:1 with top performers like Gary Keller.

Jay and Wendy also talk about:

-Their backpacking adventures after getting married

-Investing aggressively, even on a modest income

-What “financial freedom” means to them

-The benefits of being a “time billionaire”

-Their definition of happiness

-"Work-life balancing" and the seasonality of life

-How Gary Keller entered their lives

-Brandon’s best marketing advice

-How to start tracking your net worth

-The sweat equity they put into their properties in the beginning

-Avoiding lifestyle creep

-Giving away money (to your kids and charity) while you're still alive

-Their best parenting and marriage advice

-Why they enrolled their son in Acton Academy, a non-traditional school

-Setting crystal clear expectations for team members

-What they want their legacy to be

Jay and Wendy’s charitable cause:

Red Oak Hope, a non-profit that works to “stop trafficking and exploitation on a large scale, while simultaneously providing holistic care to individuals and communities already affected"

Books mentioned in this episode:

-The One Thing by Gary Keller and Jay Papasan

-The Millionaire Real Estate Agent by Gary Keller, Dave Jenks, and Jay Papasan

-Think Like A CEO by Mr Byron Morrison

-FedEx Delivers by Madan Birla

-Man's Search for Meaning by Viktor E. Frankl

-The Road Less Stupid by Keith Cunningham

-Good to Great by Jim Collins

-Body for Life by Bill Phillips

-Go for the Goal by Mia Hamm and Aaron Heifetz

-The Millionaire Next Door by Thomas J. Stanley

-The Simple Path to Wealth by JL Collins