Tom Krol is the Founder of Wholesaling Inc. and PSL Homebuyers. Tom is considered to be one of the most successful real estate wholesalers in the country and has built an amazing business within such a short period of time (less than five years). Find out how Tom makes it all work and what some of his favorite wealth-building strategies are on this week’s episode!
Key Takeaways:
- Who is Tom and how did he get started in wholesaling?
- Tom credits his brother (Todd Toback) for helping him get out of debt and from living paycheck-to-paycheck.
- Tom was hungry!
- What does Tom’s business look like today?
- Get out of your own way.
- Alex explains what the ‘Success Tax’ is.
- Discipline and passion both will eventually fail. What lasts the longest? Purpose.
- What has helped Tom’s coaching students the most when it comes to closing deals?
- Want a business to run without you? You have to put a cap on your financial aspirations. Tom explains a little bit more what he means.
- Why are you doing what you’re doing?
- The goal is just a destination. You have to enjoy the journey.
- What’s Tom’s wealth-building strategy?
- Tom hates carrying debt.
- There is no such thing as ‘passive’ income, BTW.
- How did Tom connect personally with Robert Kiyosaki?
- You are the sum of the five people you hang out with.
- What’s one piece of advice Tom would like to give to his younger self?
Mentioned in This Episode:
Connect with Tom and his team about Coaching
Tom on LinkedIn
Book Recommendation:
Ego Is the Enemy, by Ryan Holiday
Tweetables:
“That’s the number one thing. Get clear, simple instructions.”
“Take massive imperfect action! You’re going to make the same number of mistakes. Everyone’s first dozen deals are a complete mess.”
“There is no such thing as time management, only priority management.”
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