#19: Jay & Wendy Papasan
The BetterLife Podcast: Wealth | Real Estate Investing | Life
Brandon Turner and Cam Cathcart
4.8 • 767 Ratings
🗓️ 17 July 2023
⏱️ 109 minutes
🧾️ Download transcript
Summary
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
-Die with Zero by Bill Perkins
-Simplicity Parenting by Kim John Payne and Lisa M. Ross
-Lord of the Flies by William Golding
-Give and Take by Adam Grant
-The Twenty Percenter newsletter by Jay Papasan
Connect with Jay & Wendy on social:
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Ultimately, happiness is a choice. |
| 0:05.0 | That's how I would fill in that blank. |
| 0:07.0 | Happiness is a choice. |
| 0:09.0 | You can choose to give yourself happiness, |
| 0:11.0 | and that's probably the most important, like, aha, of my lifetime |
| 0:15.0 | is like, yes, this thing happened. |
| 0:18.0 | It doesn't have to affect how I feel about everything else. |
| 0:21.3 | Yeah. |
| 0:25.0 | Welcome to A Better Life with Brandon Turner. |
| 0:28.1 | That is me, where world-class guests share their wisdom on building a better life. |
| 0:32.1 | Join me as we explore the habits to the actions and the beliefs that have guided their journey |
| 0:35.9 | with the aim of helping you apply those lessons to your own. |
| 0:53.1 | Jay Wendy, my heroes. How are you guys doing? Hi, Brandon. Hi. I'm doing awesome, man. Yeah, this is fun. |
| 1:00.0 | I don't say that. You are in Maui. And this is your first time in Hawaii. Our first time in Hawaii. |
| 1:04.7 | Three favorite things so far in Maui. Go. I know you haven't been here long, but what have you loved? |
| 1:09.4 | Oh yeah. I'm not done that in five years of being here. Oh my gosh, you have to go. I know you haven't been here long, but what have you loved? Nacolalele blowhole. Oh, yeah. I'm not done that in five years of being here. |
| 1:13.5 | I know. It's one of those things now. I'm like, I'm going to hold that as long as I can't miss it. |
| 1:18.1 | Well, the drive from here is gorgeous. Yeah, the drive was pretty cool. Is it before or after cliff no guardrail you might die that's a lot of okay that's great you should do that one |
| 1:27.8 | yeah yeah okay it's one of those where it was funny they have a little signs that say blowhorn |
| 1:33.1 | and it's to warn people and i thought i'd misread the map and i said is it the blowhole or is it the |
| 1:38.5 | blowhorn does it make a sound no it's the hairpin turns yeah you just might die it's great all right |
| 1:43.7 | all right that's a good one. |
... |
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