Welcome to the Get Real podcast, your reality therapy for personal, business and real estate investing success. Angela Thomas and Ron Phillips of RP Capital are your hosts for the Get Real podcast… with the emphasis on REAL.
Angela and Ron talk about finances, and ask you to honestly determine whether you are the servant or the master of your financial situation, your career, etc. If you are the servant, how can you change that?
This is an important topic that affects every other facet of your life. Debt takes your attention away from family, your spiritual life and your work life. It holds you back from opportunities.
Ron shares his own story of debt. His family had to change its lifestyle in a big way in order to pay the mortgage. He cut the cable and other expenses, sold a car and ate food he’d bought for camping.
The debt situation meant that Ron was driven to earn, and that’s when he started RPC. The first year was a huge success because all 3 founders worked hard and never borrowed money for the business.
And, even though he found success and a healthy income, Ron realized that he was still the servant to his finances. And, getting real, he had to admit he’d always been the servant and find a way to change that.
Decide what motivates you, which will change over time. Generally it’s not simply money, but what you can do with money. It’s important to honestly evaluate your situation.
What’s inside:
- Debt is your worst enemy
- Ron’s debt story
- Have a plan (and follow it) to pay off debt
- Be the master of your finances
Mentioned in this episode:
- Reach Ron & Angela: Get Real Estate Success
- Book recommendation: The Compound Effect
- Life exercise: The Perfect Day
