494. The Path of Money (Wealth Series Part 1)

The ONE Thing

NOVA Media

Entrepreneurship, Business, Careers

4.6 • 1.1K Ratings

🗓️ 3 March 2025

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Wealth building doesn’t have to be complicated, but most of us were never taught the fundamental principles that make it possible. In this first episode of our three-part series, Jay Papasan breaks down "The Path of Money"—a straightforward model originally shared by Gary Keller in The Millionaire Real Estate Investor. Jay shares his own journey from an English-French major with no financial background to a successful investor, highlighting the simple but powerful shifts that helped him and his wife build financial security and freedom. This episode simplifies financial jargon and provides a clear roadmap for making money decisions with confidence. Whether you’re struggling with money, looking to grow wealth, or just curious about how the most successful investors think, this framework will help you make informed choices. Challenge of the Week: Go to the1thing.com/pathofmoney and download the free framework. Take 30 minutes to analyze where your money is currently going. How much are you spending, saving, donating, or investing? Understanding your financial choices is the first step in building wealth. *** To learn more, and for the complete show notes, visit: the1thing.com/pods. We talk about: How to simplify wealth building using the "Path of Money" model. The key differences between earning, saving, and investing money. Why understanding passive vs. active investments accelerates financial freedom. Links & Tools from This Episode: Download the free Path of Money framework to start making your money work for you. Read The Millionaire Real Estate Investor by Gary Keller, Jay Papasan, and Dave Jenks Read What I Learned Losing a Million Dollars by Jim Paul and Brendan Moynihan Free Resources Want to be a guest or share feedback? Email [email protected] or send us an audio note at Speakpipe.com/the1thing. This podcast is for general informational purposes only. The guest’s views, thoughts, and opinions represent those of the guest and not KWRI and its affiliates and should not be construed as financial, economic, legal, tax, or other advice. This podcast is provided without any warranty, or guarantee of its accuracy, completeness, timeliness, or results from using the information. Produced by NOVA

Transcript

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0:00.0	I'm Jay Papazan and this is the One Thing, your weekly guide to the simple steps that lead to extraordinary results.
0:20.2	Hey there, One Thing Family, Jay Papazan here. I'm excited to be kicking off a three-part series on wealth building.
0:23.9	This is super important.
0:25.1	A lot of us have a lot of stress around our finances.
0:28.2	It's the number one reason couples fight.
0:30.4	I know that lots of really, really smart people in my world worry about money because they
0:35.6	didn't study it.
0:36.5	They don't have a simple framework for
0:37.9	understanding it. They don't know if what they're doing today will actually give them what they
0:42.3	want in their future. And what we all need is a simple framework to put our heads around this.
0:47.5	So it doesn't break our brains. We don't have anxiety and fear every time we look at our bank
0:52.6	accounts. And then when we think about our
0:54.6	retirement and our wealth building habits, we actually have a little bit of confidence. It doesn't
0:59.0	feel like guesswork. So our goal with this series, with our episode today, is to take the stress
1:05.3	out of our money thoughts and conversations, to simplify it into an action plan that everybody can follow and you don't need
1:12.8	an MBA. That's our goal today. It's going to be a three-part series. Today we're going to talk
1:17.6	about the path of money. It's a model that Gary introduced me to when we wrote the millionaire
1:21.7	real estate investor published all the way back in 2005, massive bestseller, and it also changed my life.
1:28.5	And I'll talk more about that later. The second episode, we're going to break down the habits
1:32.7	of wealth building. Hey, we're the one thing. We talk about habits. What are the habits,
1:36.4	the things that we need to be doing and avoiding that will make us go down this journey a little
1:40.9	bit smoother so that on any given week, we know that we're doing the right things and avoiding the wrong things. And the last one will be about your freedom
	...

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