Paul Thompson wanted to break free of the chains holding him to his corporate job. He found himself in middle-management feeling unfulfilled, unrewarded, and a little depressed.
It was a family vacation that ended too soon that was the driving force that sent him looking for a change. He says that he never wanted to have to ask for permission to spend more time with his family again.
I didn’t want to be controlled by some corporation that I am just a cold equation to.Paul Thompson
Paul is now a full time real estate investor who lives to help others to find their way also by turning his personal story of screening 20 deals in his first 18 months of investing into an inspiration to others.
Now doing about three deals per month Paul is able to help himself as well as help others build wealth with passive income
You have to change this concept and this thought of, time is equal to money. It’s a flawed mindset. Time is certainly valuable. In fact, it’s invaluable but when you are trapped in this matrix type thinking of always trying to exchange your time for money it’s a losing proposition. You have to figure out how to make money when you’re sleeping. If you can go to bed each night and wake up the next morning a little bit richer then that’s how you’re going to get ahead.Paul Thompson
Today, Paul talks to us about his real estate strategy of single family, buy and hold. Plus he delves into:
- How he broke free with commitments such as a wife, kids, and a mortgage
- The right mindset to escape the matrix
- The worst advice he’s heard given regarding buying and holding single family homes
Paul, who found himself climbing the ladder but on the wrong wall, created his escape velocity. And today, he’s here to show you that by having a big enough purpose and by changing the mindset of time is equal to money, you can also create yours.
Listen in now to The Art of Passive Income…
TIP OF THE WEEK
Mark: Learn more about Paul at PaulDavidThompson.com.
Scott: To bring different types of chat into one dashboard, check out the service called Live Agent. It brings multi-communication channels all into one.
Paul: If anybody else is having trouble thinking big enough, check out the book, The Big Leap: Conquer Your Hidden Fear and Take Life to the Next Level by Gay Hendricks.
Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?