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BiggerPockets Real Estate Podcast

362: Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy Papasan

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 26 December 2019

⏱️ 104 minutes

🧾️ Download transcript

Summary

Today’s show is centered around a big question we get ALL the time... “How do I get my spouse/partner on board with my real estate investing goals?” It’s the perfect time of year to think through exactly how to do that, and we have the perfect guests to offer some advice. Jay and Wendy Papasan run an annual couples’ goal-setting retreat in Austin, Texas. Today, they walk us through the exercises they use to help couples (and business partners) confront uncomfortable questions and get on the same page. Oh, and if you don’t know who Jay is, check out BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The ONE Thing with Jay Papasan and BiggerPockets Business Podcast 06: How to Manage Your Time Like a Millionaire with Jay Papasan. Jay's wife, Wendy, is a real estate broker who leads a high-performing team that’s expanded into four cities. In this episode, you’ll learn how to initiate a goal-setting conversation with your partner, what kinds of settings work best for this exercise, what questions to ask, and which timelines to use. Also, stick around through the end to hear Wendy’s tips on using leverage and a “not to-do list” to apply your time and energy more efficiently and be happier. This is a profound episode with two real estate rockstars. If you enjoy it, do us a favor and share it with YOUR spouse or partner… or pass it onto a couple who you think might benefit. Download this one today, and make sure you’re subscribed to the show, so you won’t miss the next one! In This Episode We Cover: How Wendy and Jay started setting goals together 13 years ago Applying the idea of a “leadership retreat” to your family What settings work best for goal-setting with your spouse or partner Navigating a relationship where one partner is an entrepreneur Their answer to, “How do I get my spouse on board with real estate investing?” Why most failures of leadership are failures of courage (Keith Cunningham) How having tough conversations about goals can head off misunderstandings How Brandon’s navigated balancing business with family Why Gary Keller calls tough conversations “care-frontations” Which time horizons are most useful when setting goals Using the language of business in your marriage Putting your marriage first, even when you have kids Moving at the speed of communication Delegating draining tasks to help you keep more energy for yourself and your family And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Business Podcast 06: How to Manage Your Time Like a Millionaire With Jay Papasan BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan Gary Keller BiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” Murdock Paying Off Student Loan Debt with a Median Income and Two Kids in Northern California with Kyle Renke Check the full show notes here: http://biggerpockets.com/show362 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the BiggerPockets Podcast Show 362.

0:05.0

So we can kind of walk you through the things that we want to talk about,

0:08.6

but I'll just say like the benefit of this is not just getting out of your element

0:12.0

and getting a fresh eyes on your marriage or your partnership.

0:15.0

It's this idea of bridging the gap.

0:17.0

You're listening to Bigger Pockets Radio, simplifying real estate for investors large and small.

0:24.7

If you're here looking to learn about real estate investing without all the height, you're

0:28.7

in the right place.

0:30.5

Stay tuned and be sure to join the millions of others who have benefited from bigger pockets.com.

0:36.0

Your home for real estate investing online.

0:39.0

Hey what's going on everyone, this is Brandon Turner, the BiggerPockets podcast here with my

0:44.9

co-host mr David green what's up David green happy Christmas Mary Christmas

0:51.6

to you happy Happy holidays.

0:53.0

Does weather ever change where you are?

0:55.0

Is it just always the same for Christmas?

0:57.0

Yeah.

0:58.0

So do you guys not get Christmas trees?

1:00.0

Do you get like coconut trees or something?

1:02.0

I have to admit, I have to admit, I need to confess something. This is tough, this is tough to say. This year was the first year in my adult life that I got a fake Christmas tree and it doesn't

1:17.8

smell like Christmas and it's been up since before Thanksgiving.

1:20.9

I don't know man.

1:22.0

It's been rough. I thought you were a red-blooded American. We've got a comment. I was a red blood. I, the truth is I did

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