Paul has never won anything but he built one of the most successful gyms in the United States. He’s been sharing the secret to creating passive income and helps people get past their limiting money beliefs.
Getting to help people achieve their goals by getting past their limiting money beliefs as a start of the process brings Paul the most joy. At the end of the day, there’s enough for everybody to win. Be happy about it. Help more people and you’re going to win more.
Listen to the full episode here.
In this Episode:
- Entrepreneurial Bug
- Finding the location for the first gym
- Starting the business without Digital Marketing
- Doing Jiu-Jitsu for 25 years and more
- Views on Passive Income
- Syndication Deals
- How networking helps in getting into deals
- Getting past limiting money beliefs
- Putting in better values and better knowledge to kids
- Overcoming roadblocks
Important Quotes:
“You want passive income, it’s along process. You have to have difference layers. If you’re an entrepreneur, set up an IRA and make sure that’s your first goal as you’re funding that because that will create the biggest piece of passive income when you get older.”
“When business is good and you’re making extra money, start putting money into an investment account.”
“You have to give your kids that edge. If you don’t have it, then start reading books, listen to podcasts, and share the knowledge with your kids. Equip these next generation. Give them the ability to go to a level that we can never dream of.”
“Every parent’s goal, I want my kids to do better than me. I want my kids to be so successful.”
“Even if you’re making money, you have to manage it. If you don’t manage it, you can spend it faster than you can make it.”
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