Podcast Episode #82: David’s Path to Freedom with Cory Boatright – Part 1
|
Episode #82: Dentist Freedom Blueprint Podcast
|
What You’ll Learn From This Episode:
- The one career category which Howard believes requires a college degree.
- His four-finger test for determining whether a dental practice expense is worthwhile.
- How private dental practices can survive against corporate clients and shrinking managed care costs.
- How dentists can assess their businesses and hire associates to take advantage of potential growth.
- Why he reads autobiographies written by billionaires.
David’s Path to Freedom with Cory Boatright – Part 1
For the next two weeks, we are taking a break from the regular
format. The interviewer has become the interviewee. This is the first of
a two-part series in which Cory Boatright, a self-made millionaire with
vast experience investing in real estate, interviews me, Dr. David
Phelps.
Cory and I discuss my path from dentistry to freedom after a life
changing experience helped me refocus my priorities. That breaking point
caused me to seek additional income streams that weren’t tied to
operating a dental practice full-time. While it was an extremely
challenging time in my family’s life, the result has turned into the
best decision I could have made.
We swap stories about how the real estate bug first bit both of us. I
share a surprising lesson learned from my first mistakes in real estate
and the creative solution I stumbled upon to overcome an unexpected
challenge. I’ll even let you in on my strategy of managing a highly
profitable real estate portfolio without sacrificing your precious time.
There is no perfect time to work on building wealth beyond your
dentistry practice. Why not start now? In this episode, we explore the
various ways to make real estate work for you.
Download the complete transcript.
Minute Markers:
- 8:50 – The breaking point experience that changed my perspective on priorities.
- 15:40 – The biggest mistake I made when getting started with investing in real estate.
- 19:20 – How a mastermind community can help new investors sidestep pitfalls.
- 20:47 – The profit masters investment strategies that have made Cory extremely successful.
- 25:00 – Why finding a mentor is essential for entrepreneurs.
Featured On The Show: