On this episode – originally released on Build Your Network, Host Travis Chappell interviews Jay Papasan, Vice President, and Executive Editor at Keller Williams Realty, co-author of the Millionaire Real Estate Agent, The Millionaire Real Estate Investor, and The One Thing.
Topics Discussed:You call yourself an author that ventured into the real estate world, talk about why being an author is so important to you.
He’s always loved books and he’s an introvert.
He worked in bookstores and majored in English.
His relationship with Gary Keller started with a writing job.
The kids that he fell in with in middle school and high school were all very intellectual and successful.
They could hang out with any group.
Have those age-old friendships been an escape or a sharpening tool?
At first, they were a sharpening tool.
His friend group forced him to play up.
Talk to us about why you were obsessed with Sherlock Holmes when you were growing up.
He’s always been into knowledge and trivia.
He loved that Holmes was the ultimate Renaissance man with no limitations.
The British Sherlock series is hands down his favorite.
Where did you go to college?
He grew up in Tennessee and he wanted to get away.
He got a full ride to Memphis State and decided to go there.
What made you change your major from law?
When he went overseas he got the writing bug and went to NYU for English.
How important is travel to you?
Traveling and backpacking all over Europe completely changed his worldview.
They’ve been taking their kids all over the world.
What are your favorite places to go?
They quit their jobs and spent five months backpacking in Italy.
They’ve gone back four times.
They like a mix of going to new places and seeing old places they love.
Is your comfort with change nature or nurture thing?
It’s a mindset thing, we all can open up.
If you spend a lot of your days reading books, it’s one of the ways that you can see new worlds through someone else’s eyes.
Most writers experience the world passively.
Jay read all fiction growing up.
What prompted the move out to Austin?
When he and his wife got married and quit their jobs, they went to go travel for 5.5 months.
On this trip, they debated where they would move.
They moved to Austin without visiting any other city.
He was freelancing and then he joined a newsletter writing company.
This is how he got connected with Keller Williams.
He and his wife always had a side-gig.
Was having a side-hustle helpful for you in the wealth building stage?
Yes, they always planned to bank $1,500 a month.
Buying rental property was a result of working for Keller Williams.
He interviewed over 120 millionaires and learned that it’s not about income, it’s about investing.
Do you think that if you don’t have a side-hustle now you’ll need one when you’re 60?
At a certain point, you need to put your eggs in one basket and make things enjoyable for yourself.
A side hustle works when you’re employed and you also want to be self-employed.
Talk about how important it is to set a goal and then reverse engineer what it takes to get there.
If you’re willing to venture out five years and beyond and work backward, it paints a straight line in milestones.
Setting goals declutter your thinking and every year gets clearer.
You don’t have to be married to your goal from the beginning, you can date it for a while.
Nobody’s got a crystal ball, your needs will change based on the moment.
Talk about your book The One Thing.
People both like and dislike the simplicity of the book.
Talk about habit stacking.
When you talk about the ultimate disciplined person, those habits didn’t happen overnight.
It seems to be the ultimate superpower.
What does an average day look like to you?
He’s become a morning person and he’s found that time to be incredibly productive.
Most days they get up at 5:10 am.
They work out with a trainer 3x per week.
He reads from 30min to an hour every morning....
