208: Making a BiG Splash in the Backyard Pool Industry… by using Shipping Containers! | Paul Rathnam of ModPools

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Background on Paul Rathnam of ModPools:

Diagnosed with a learning disability early in his life, Paul Rathnam persevered through all the challenges and reached success by becoming the business owner of a unique and innovative company called ModPools. His very first company was ModPro, which customizes shipping containers for a variety of client's needs. Containers are custom modified as per clients' requests including but not limited to a storage space or a fully functional portable office space.

From his experience with modifying shipping containers in ModPro, Paul shifted his focus towards creating modular swimming pools made from shipping containers, which is popularly known today as ModPools. ModPools allow easy control in temperature, jets, and lighting direct from your smartphone and are custom built to order available in a variety of sizes including 12-foot, 20 foot, and 40-foot pools.

Time-Stamped Show Notes:

  • [2:25] Paul is one of the biggest supporters of Millionaire-Interviews. Being an avid listener, he gets a lot of value from listening to this podcast, which in his own words is worth the 100 bucks a month.
  • [6:09] ModPro is the first company that Paul started, which modifies shipping containers into different types of structures such as office spaces, portable bathrooms, laboratories, and so on.
  • [7:55] His father was from Sri Lanka and moved to Canada for a job. His mother was Canadian and met his father in Vancouver, and got married during the 1960s.
  • [11:00] Coming from a religious family, Paul’s childhood was very interesting.
  • [15:06] As he was growing up, he decided that he didn’t want to live financially poor. Paul also had learning disabilities, which was very challenging for him as a child.
  • [20:43] After high school, Paul was offered a chance to become a youth pastor in Idaho.
  • [25:00] Deciding that being a pastor in a small town in Idaho was not for him anymore, Paul joined his friend to start a lumber business.
  • [27:15] His friend forced him to go on a blind date with a girl who plays piano in the church.
  • [29:33] The first business that Paul and his wife started was giving Horseback riding lessons.
  • [33:09] Building and selling houses were a huge success for Paul during the early days of his entrepreneurial career.
  • [39:06] Paul got introduced into the shipping container modification industry.
  • [45:38] Problem solving is one of Paul’s strengths.
  • [48:34] Paul explains how they modify these shipping containers.
  • [54:12] Modifying these containers and producing innovative container designs became an outlet for Paul’s creativity.
  • [58:12] In 2010, a very bad accident happened to Paul while they were modifying a container.
  • [1:04:52] His wife’s uncle wanted to partner with him to start a business but his terms were not very favorable for Paul.

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  • [1:02:40] James in Cherry Hill, New Jersey becomes one of our Patreon members because his awesome business partner signed him up. If you and your business partners want to be a part of our growing Patreon community, sign up with us today at: millionaire-interviews.com/patreon
  • [1:02:59] Andrew from Ann Arbor, MI says that Millionaire-Interviews is his favorite podcast and he gets an insane amount of value from it. He also likes the idea that he is only paying $12 per month for being a part of this awesome community. Sign up for our Patreon membership by going to: millionaire-interviews.com/patreon

Fabulous 4 Questions:

  1. 📖📚 Favorite Books? Rich Dad Poor Dad by Robert Kiyosaki, The Total Money Makeover by Dave Ramsey
  2. 🙌😎 Favorite Amazon.com purchase? Slippers that don't fit
  3. 🌱💸 Favorite Tool that's GROWN your Business? Millionaire Interviews (It's How I Got to be So Damn Rich)
  4. 💭💡 BIGGEST Challenge keeping your Business from GROWING? People, People, and People

Key Point from the Interview:

  • “It was a crazy thing in my life but it birth my company, ModPro, and without that accident, I would have probably been let go of, it could be very different, my future would have been very different I believe without that accident. So it was one of those lemons that needed to be turned into lemonade and it was character building for me.”

Resources Mentioned:

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