The Wake Up Call artwork

The Wake Up Call

273 episodes - English - Latest episode: 25 days ago - ★★★★★ - 46 ratings

My Wake-Up Call came in 2015, when I realized that I had had enough of my corporate job and was ready to take back control of my life. The world and economy are constantly changing, and the best thing you can learn is how to spend your time and energy working *on* your business instead of in it. I’m Paul Thompson, and in my podcast we’ll be discussing exactly that—how to build and grow your investment portfolio from the ground up. With each episode, you’ll hear inspiring stories from those who have already experienced their wake-up call, and are doing something about it. Real Estate professionals, industry leaders, and more, will join me to discuss how owning and renting property has changed their lives and the lives of their families for the better. It can do the same for you. Join us and revolutionize your portfolio, investments… and your life.

Investing Business financialeducation propertymanagement realestateinvesting retirementplanning wealthmanagement assetallocation foreclosureinvesting homebuying homeequity investingstrategies
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Episodes

114. Who do you know that I should know?

April 08, 2020 06:00 - 17 minutes - 14.1 MB

I share an update on the SBA Economic Injury Loan and dig into how I'm connecting with people during these uncertain times. 

113. Be Proactive!

April 01, 2020 06:00 - 27 minutes - 20.6 MB

In episode 113 I find inspiration and opportunity from the classic book 7 Habits of Highly Effective People. How to be proactive in these trying times!

112. AirBnB, Cohosting, and The Coronavirus

March 25, 2020 06:00 - 38 minutes - 30.7 MB

I'm joined by Zeona McIntyre who is an investor from Boulder, Colorado who specializes in AirBnb and Cohosting. She explains the different 4 ways you can get involved with AirBnB investing. Stay tuned to the very end for a special breaking announcement.

111. What the Coronavirus Spells for Real Estate Investors

March 18, 2020 06:00 - 26 minutes - 22.7 MB

Low rates and virus-fueled economic turmoil may be exactly what you've been waiting for... Be greedy when others are fearful. Does it seem like people are fearful? And with good reason. I share where the opportunity lies.

110. Real Estate is the Vehicle - Family, Food, and Friends with Tim Herriage

March 11, 2020 06:00 - 48 minutes - 33.2 MB

In episode 110 I'm joined by Tim Herriage who shares his experience growing real estate businesses, how networking played a significant role in his development, and what he sees as the current opportunity in today's market.

109. How to Make Offers

March 04, 2020 07:00 - 32 minutes - 26.6 MB

Episode 109 explains how to make offers using the Maximum Allowable Offer (MAO). This is the conclusion of the 3 part series that breaks down the MAO formula and you can apply it as a wholesaler or a flipper.

108. How to Calculate Rehab Costs

February 26, 2020 07:00 - 30 minutes - 25.9 MB

I share 3 methods on how to calculate rehab costs for fix and flip deals. I explain the pros and cons of each and when you should use each.

107. How to Calculate ARV

February 19, 2020 07:00 - 20 minutes - 16.5 MB

I share my process for calculating the value of a property using free tools. 3 rules and 4 step process is all you need and you can determine the ARV (After Repaired Value) of a property in less than 15 minutes.

106. Build Success Brick by Brick

February 12, 2020 07:00 - 18 minutes - 15.4 MB

Build the foundation and castle of success by doing the necessary daily activities. Success is achieved over time and there's no magic elixir or secret sauce. It all takes work, done consistently over time towards your desired outcome. I share what I'm focusing on a daily basis right now and what I suggest you should be focusing to build a rental portfolio or a small business.

105. Ninja Negotiation Tactics

February 05, 2020 07:00 - 29 minutes - 24.5 MB

12 talking points to use when negotiating. It's all about finding the other party's motivation and pain points and creating a solution that is a win/win or no deal.

104. The Next Great Gift for Real Estate Investors

January 29, 2020 07:00 - 23 minutes - 20.9 MB

Episode 104 introduces opportunity zones and how a small, closely-held real estate company can create significant wealth using a common strategy people are already familiar with but doing it inside of qualified opportunity zones. Many even say this is a super IRA

103. Taking No For An Answer

January 22, 2020 07:30 - 14 minutes - 11.7 MB

In episode 103 I share 2 examples of where I've been accepting NO for an answer. In both cases, these were limiting beliefs where I allowed myself to live inside a box. Maybe you have a similar challenge. Where are you taking 'No' for an answer?

102. Establish Your Credibility Packet

January 15, 2020 07:00 - 17 minutes - 14.7 MB

In episode 102 I explain how and why creating your credibility packet is so important to your current and future success as a real estate using creative financing.

101. Take What The Market Gives You

January 08, 2020 07:00 - 14 minutes - 12.6 MB

What is available in the market going into 2020? In episode 101 I discuss several options that are available in current market conditions.

100. Escape Plan

January 01, 2020 07:00 - 15 minutes - 13.1 MB

Happy New Year! Episode 100 has a special treat where I debut a professional recording of my book Escape!

99. Two Words To The Secret of Life

December 24, 2019 14:52 - 22 minutes - 19.8 MB

Imagine knowing the simple answer to the meaning and purpose of life. I share that with you in episode 99 and give you some specific examples of how to put it into practice.

98. The Chart That Will Change Your Life

December 18, 2019 07:00 - 21 minutes - 19 MB

In episode 98 I describe a concept of a simple concept with a profound impact on your life. When you realize how simple an idea this is and understand the impact it has on your life I hope it inspires you to install it in your life.

97. Build Your Trust Counsel

December 11, 2019 07:00 - 19 minutes - 15.7 MB

Episode 97 discusses the importance of building an inner circle of trusted counselors who serve as a cohort of people to give unvarnished feedback where you actively seek out constructive criticism from trusted, respected peers.

96. Feeling the Fundamentals

December 04, 2019 07:00 - 21 minutes - 17.5 MB

In episode 96 I discuss the process to build mastery by building incrementally from simplicity to complexity.

95. Choose Your State

November 27, 2019 07:00 - 17 minutes - 14.1 MB

Episode 95 suggests you have control of your happiness right now, right where you are. Instead of chasing an end state that will create happiness we can accept what is. This week might be the perfect week to step back and reflect in the spirit of gratitude and choose your state.

94. How to Recession Proof Your Business with David Richter from Simple CFO Solutions

November 20, 2019 07:00 - 43 minutes - 35.1 MB

In episode 94 David Richter from Simple CFO Solutions shares with me his strategy to recession-proof your real estate investing business.

93. Three to Thrive - How to Escape Your Day Job in 2020

November 13, 2019 07:00 - 15 minutes - 12.9 MB

In Episode 93 we roll up our sleeves and get specific on a plan you can follow in order to fire your boss, control your schedule, and become a full-time self-employed business owner that has enough income to comfortably cover your basic living expenses. All you need is 3 deals a month in your market.

92. The Power of a Solo401k

November 06, 2019 07:00 - 24 minutes - 20.6 MB

Episode 92 discusses the advantages of one of the greatest gifts in the IRS tax code, the solo 401k. I cover how incredibly useful this account can be for a developing investor who is transitioning from their W2 to a full-time self-employment using real estate.

91. Get Ready For Your Clear 2020 Vision

October 30, 2019 06:00 - 18 minutes - 15.8 MB

  Episode 91 encourages you to get a jump start on developing your vision for 2020. It will be here before you know it. I share with you a big win from reviewing and creating my goals and how you can do the same.

90. Turning the Flywheel and Watching Your Portfolio Sky Rocket

October 23, 2019 06:00 - 25 minutes - 23.7 MB

Episode 90 is inspired by Jim Collins' book 'Good to Great' and 'Why some companies build momentum and others don’t. Turning the Flywheel.' After a brief explanation of the Flywheel concept, I share how you can apply this to your business and create momentum in your life and business.

89. Land Trusts, Next Steps and Private Money ... Oh My!

October 16, 2019 06:00 - 19 minutes - 16 MB

In episode 89 I answer listener questions about holding title in Trust, what the next steps are in one listener's circumstances and what my rules of thumb are when negotiating owner financing and private money. 

88. Worried about saying the right thing? Here's the fix!

October 09, 2019 06:00 - 17 minutes - 15.3 MB

88. Worried about Saying the Right Thing? Here’s the Fix!

October 09, 2019 06:00 - 17 minutes - 15.3 MB

87. The Secret to Raising Private Money

October 02, 2019 06:00 - 28 minutes - 25.2 MB

In episode 87 I share the process I use to raise private money to fund all of my deals. I don't use traditional banks to fund my purchases any more. I've decided I'd rather work with people and pay them interest. Here's how I do it!

86. Take Control of Your W's

September 25, 2019 06:00 - 17 minutes - 16.2 MB

This episode invites you to examine how many W's you have control in your life. Who do you spend your time with? Where do I want to live? What do you want to spend your time doing? What do I enjoy doing? When you do certain things? Why do I spend my money on the things I do? The answer to these questions can help you determine if you are sovereign in your life or are you a pawn to a larger force that controls your life in exchange for money.  

85. Find and Cultivate Your Currency

September 18, 2019 06:00 - 19 minutes - 18.1 MB

In Episode 85 I play the concept of currency and challenge you find what your currency is by evaluating your value proposition to the market. Then I suggest some ideas on how you can cultivate your currency to help you get what you want!  

84. Shrink Your Thinking and Expand Your World

September 11, 2019 06:00 - 25 minutes - 22.1 MB

Episode 84 explores how you can shrink your thinking to specific and measurable goals that yields profound results over time.

83. When to Slay The Golden Goose

September 04, 2019 06:00 - 18 minutes - 16.2 MB

  Episode 83 covers how to prune your portfolio as you become a more sophisticated investor and when it's appropriate to eat your equity!

82. Your Money Roadmap Challenge with Anna Sergunina

August 28, 2019 06:00 - 39 minutes - 30 MB

I'm talking why we all need to a comprehensive financial plan (that means you) with a fee only Certified Financial Planner from Main Street Planning Check out Anna's 28 day Money Roadmap Challenge that is kicking off September 2nd. 

81. Looking for a Deal? Then Partner Up...

August 21, 2019 06:00 - 22 minutes - 19.3 MB

Looking for deal flow, partner with someone else who already has deal flow... wonder how. Well I'll show you exactly how!

80. The Paradox of Wealth

August 14, 2019 06:00 - 23 minutes - 21.3 MB

  What do you think is holding you back from becoming wealthy? And more importantly how do you define wealth? Today I explore the relationship between time vs. money and how it impacts your personal wealth and lifestyle goals.

78. The Reason Behind 'Ready Investor One'

July 31, 2019 06:00 - 14 minutes - 12.1 MB

77. Using Trusts: An Investing Philosophy with Walter Wofford

July 24, 2019 06:00 - 43 minutes - 36.9 MB

Episode 77 is the 3rd installment with Walter Wofford. We discuss the benefits of using trusts in your real estate investing business. Walter and I both agree you should be holding title in trusts for your assets. We also discuss the underlying investing philosophy why this is such a good idea. To learn more about Walter, the Financial Friends Network, and his events check out these links: joinFFN.com trustfirewallsevent.com

76. Leave a Lasting Legacy with Inherited Roth IRAs

July 17, 2019 06:00 - 29 minutes - 21.8 MB

In episode 76 Walter Wofford joins me to explain what an inherited Roth IRA, why this type of account is unique, and shares a resource you can use to establish one for yourself. You can get Walter's info and a free gift from by testing the work 'investor' to 345345  

75. Make Investing a Team Sport with Walter Wofford

July 10, 2019 17:00 - 47 minutes - 34.8 MB

In episode 75 I chat with Walter Wofford, a 38 year veteran of the real estate investing business who transacted 1500+ deals. He shares what the Financial Friends Network is, its origin, and how investing is better as a team sport. You can  join the Financial Friends Network for free at www.joinffn.com

74. What is a Stretch IRA?

July 03, 2019 06:00 - 14 minutes - 13.5 MB

In episode 74 I talk about the amazing tax benefits of a "stretch IRA" or an inherited IRA. I also share how you might go about getting one for yourself. This is profound wealth building opportunity once you wrap your head around the concept.

73. 7 Ways to Grow a Small IRA

June 25, 2019 20:37 - 24 minutes - 20 MB

In Episode 73 I break down 7 techniques you can use to grow your IRA that doesn't have a lot of cash in it so you can take the next step in building your tax free wealth.  

72. Self Directed Investing

June 19, 2019 06:00 - 16 minutes - 14.3 MB

Episode 72 explains what self directed investing is and why you might consider it for your portfolio.

71. An Introvert's Guide to Master Networking with Ken Carfagno

June 12, 2019 06:00 - 42 minutes - 30.4 MB

In Episode 71 Ken Carfagno joins me in discussing how to be effective at networking while being an introvert. You can learn more about Ken on his website SmartCleaningBiz.com

70. How to Extract as Much Fun Out of Life and Take Personal Responsibility with David Zach

June 05, 2019 06:00 - 41 minutes - 30.9 MB

In Episode 70 I chat with Adam Zach who went from a new college graduate who was thinking more about how to beer pong than growing his wealth to owning 12 rental units by the time he was 30. You can learn more about Zach and his business at SetYourRent.com

70. How to extract as much fun out of life and take personal responsibility with David Zach

June 05, 2019 06:00 - 41 minutes - 30.9 MB

In Episode 70 I chat with Adam Zach who went from a new college graduate who was thinking more about how to beer pong than growing his wealth to owning 12 rental units by the time he was 30. You can learn more about Zach and his business at SetYourRent.com

69. Impact Investing

May 29, 2019 06:00 - 14 minutes - 12.5 MB

Episode 69 covers a fantastic investing model where you can great a truly win/win scenario where you're doing a service to the community, improving your returns, and minimizing your tax burden. If there's a secret weapon to investing this model is it!

68. 3 Ways to Maximize Profits on Lower Income Properties

May 22, 2019 06:00 - 16 minutes - 14.9 MB

Tenants and Toilets can be a real nuisance, especially in lower income areas. But owning real estate can be a significant boon to your net worth and your provide additional income streams. Episode 68 describes 3 ways to maximize profits while minimizing the headaches of property management. 

67. 7 Secrets to Legally Weed Out Bad Tenants

May 15, 2019 06:00 - 19 minutes - 16.5 MB

In Episode 67 I share 7 ways to attract the best tenants and weed out problem tenants. And it's not what you think. Yeah we know it's about screening. These are 7 specific steps on how to screen that you probably haven't thought about before!

66. Your First Line of Defense

May 08, 2019 06:00 - 18 minutes - 16.4 MB

In Episode 66 I cover the often overlooked first line of defense for any asset protection strategy... insurance. I cost myself $20K by being too cheap with my coverage. Listen to this episode so you don't make the same mistake.  

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