Three Real Estate Professionals Catching up on Life and Business Struggles and Victories with Paul David Thompson

The Military Millionaire Podcast

Episode: 157

Paul David Thompson

Join your host David Pere and Alex Felice in this episode with guest Paul David Thompson as they do a casual episode about real estate and everything else under the sun regarding how people behave when investing their money today.

When the internet was explored, Paul was idle and didn't really participate. But after seeing how entrepreneurs took advantage of market crashes and rises, Paul learned that one must always have the entrepreneurial spirit for every moment. It's a way to become a sophisticated investor who knows how to ride the tides and really win in the long run.

In this episode, Paul, David, and Alex go over Warren Buffet's most golden principles when assessing markets, the probable future of cryptocurrency and the blockchain, the genius of Nasim Taleb, the two things that cause the most financial calamities, the power and the problem of the internet, and so much more.

About Paul David Thompson:

Paul guided numerous beginners through the process of doing their first real estate deal. He works with investors from California to New Zealand. The best part of Paul's life is helping others build extra sources of income so they can lead a life of their design.

Paul wants to help people design an investment strategy that fits their needs. He uses multiple approaches when working together with someone so his client can take control of their investments, reduce taxes, accelerate debt paydown, and level up their investing game.

Outline of the episode:

• [03:43] Paul David Thompson – I'm off the hamster wheel
• [06:00] You make money in the down markets and not at the top of the market
• [12:05] Spend time on the things you like/love/enjoy doing
• [17:08] The deployment of blockchain actually has to be centralized
• [23:45] Always have the entrepreneurial spirit to assess every opportunity
• [31:05] When you get into more sophisticated deals, you find more sophisticated operators
• [36:02] Wow! Tiktok is powerful!
• [43:52] The reason why Taleb's Antifragile is genius
• [49:41] Debt, inflation, and calamities
• [55:47] On choosing cryptocurrencies based on values
• [01:01:46] The internet is experiencing a mass confirmation bias

Resources:

Website: https://www.pauldavidthompson.com/

This Time Is Different: Eight Centuries of Financial Folly, Book by Carmen M. Reinhart:

https://www.amazon.com/This-Time-Different-Centuries-Financial/dp/0691152640

The Demon-Haunted World: Science as a Candle in the Dark, Book by Carl Sagan:

https://www.amazon.com/Demon-Haunted-World-Science-Candle-Dark/dp/0345409469

Antifragile: Things That Gain from Disorder, Book by Nassim Nicholas Taleb:

https://www.amazon.com/Antifragile-Things-That-Disorder-Incerto/dp/0812979680

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Grab your book copy of The No B.S. Guide to Military Life - How to Build Wealth, Get Promoted, and Achieve Greatness, Book by David Pere:

https://www.amazon.com/B-S-Guide-Military-Life-greatness/dp/1736753010

Zero to One: Real Estate Investing for Beginners:

https://military-millionaire-academy.teachable.com/p/from-zero-to-one-real-estate-investing-101

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My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos!

THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR’S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.