Don’t miss this captivating and informative WTR interview of Paul Moore as he shares how he has learned to create enduring wealth through commercial real estate. And you don’t have to be as wealthy as you might think to take advantage of his wealth strategies.
At WTR, we have a core belief that there’s more to be had by avoiding losses rather than just chasing a rate of return. You also know we believe there’s wisdom to be learned from entrepreneurs who have achieved success in their lives. Join us as WTR talks with Paul Moore of https://www.wellingscapital.com/ (Wellings Capital) and http://www.howtolosemoney.com/ (How To Lose Money podcast.) Paul has a great story to share, from his early days of working a regular career at Ford, to discovering he had a passion for being an entrepreneur. We talk about the importance of speculating versus investing. Paul shares his progression into real estate and why his experience, and wanting sustainable wealth for him and his family, led him to commercial real estate. We talk about the reality of real estate investing versus reality TV real estate investing. Paul also shares some great tips on how to pay less taxes. And so much more.
Ingenious tactics to accumulate wealth, for people who see things differently.
Paul Moore paul@wellingscapital.com http://www.wellingscapital.com/ (Wellings Capital) http://www.howtolosemoney.com/ (How To Lose Money Podcast ) https://www.linkedin.com/in/paul-moore-3255924/ (Paul’s LinkedIn URL ) https://twitter.com/multifamilypaul (Paul’s Twitter URL)
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Transcript [0:00] Wealth Tactic Rebels, ingenious tactics to accumulate wealth, for people who see things differently. [0:16] Welcome to another discussion with wealth tactic Rebels. The podcast for people see things differently. I'm your host Kevin Dumont and I've been thinking differently in the wealth field for well over 10 years. [0:28] And today I am joined by a guest, Paul Moore. Hi Paul, how are you? Hey Kevin great to be here. Fantastic! I love having you here Paul today. It's a nice sunny day, I'm feeling the energy today. Yah, me to it's going to be a great day. The day after April 15th right, so we got past that, that mound. You know a lot of people are smiling on April 15th, though. And sum are not smiling as much hopefully your audience is among those who are smiling, on tax day. Yah, I hope so! I hope so! [1:01] That's always a mixed bag there I think. Yeah right. So Paul is an entrepreneur, and he started, as a lot of people have, working a regular job, he was in a management track, over at Ford Motor Company. And he eventually found out that he wanted to do something else, that wasn't his [1:21] I don't know, cup of tea I guess you could say. right. He's now into real estate, commercial real estate investing specifically, but I would love to give you the details but I think, Paul, I think you're probably better tell your own story that I am. All right. Well yeah I got an engineering degree actually and then and that was my first mistake and I got an MBA, which was, hopefully, hopefully a better move from me and I went to Ford Motor Company I really like Ford, Kevin. But I found that I was always doing something on the side, I was trying to start a property tax Consulting business or an oil change shop for goodness sakes, in, ah, Farmington Hills Michigan. So I eventually started a P.E.O. which is a professional employer organization which is an HR Outsourcing company with a couple friends we do that for about five years end, I was finalists for entrepreneur of the year a couple times in Michigan and I. Got an offer from a publicly traded company to buy our company and so I thought, well this is a great opportunity to retire, or semi-retired in my mid-30s and so I sold the company. Add more money than I had since didn't have any idea how to invest thought I did, and I actually became a fairly miserable version of myself I