Fighting for your financial freedom with Paul Halme.
From the suburbs of Detroit to midwestern South Dakota to the city of Dallas, Paul Halme shares his long-shot story in this episode. He is a 3rd Degree Black Belt Brazilian Jiu-Jitsu World Champion and the founder of Peak Performance MMA in Keller, Texas. The former Wall Street stockbroker is also a serial entrepreneur, author, speaker, and martial arts business coach.
Check it out HERE
In This Episode:
[1:10] Paul grew up in a lower-middle-class family and was taught that money is evil and rich people suck – we can’t afford that mindset.
[3:50] At 13, Paul got his first job mowing golf grounds in order to make money
[11:50] Everything went wrong on cold opening his gym
[13:35] Paul didn’t understand cash flow, didn’t understand the responsibility I was gonna have of running a business.
[16:44] On writing a book for martial arts gym owners
[25:20] Investing in essential businesses during the pandemic.
[31:10] On how important working out and staying active is in business.
Important Quotes:
“When you give out free advice, nobody listens to you.”
“We still have the gym. It was a sink or swim thing.”
“Invest all the time, keep investing, build up your investment.”
“When things are good, establish lines of credit.”
“You’re gonna build up all this money but what if you don’t take care of yourself and you die because you’re lazy or you’ll get to that point and you can’t physically do the things you wanna do because you gave up on your body and you’re broken. You got money, you can’t travel. What’s the point?”
“I wanna keep that energy as long as I can.”
Mentioned in this episode is the book, How To Make Money With Your Martial Arts Gym: Even If You Haven’t Won Anything Yet, where you will learn systems used in running a successful martial arts gym.
Now that you know the basics, it’s time to get started. Check out even more from podcasts where I guested, on my site HERE to start and grow your business. And most importantly, take care of yourself! Running a small business is hard enough without letting your health suffer in the process. Finally, learn from your mistakes. Every misstep is an opportunity to improve and do better next time.