Podcast Episode #406: Questions and Answers with David – David Phelps
Episode #406: Dentist Freedom Blueprint Podcast
Questions and Answers with David – David Phelps
Learning to make your money work for you and finding financial freedom is something I’m passionate about helping people with. In today’s episode, you will hear some excerpts from an interview I did regarding my life, philosophy of investing, philosophy of financial freedom, and why I believe real estate and alternatives are still the best game in town. If you’re ready to take control of your own finances and create an impactful and successful trajectory for your life, business, and family, this episode is for you.
Listen in as I dive into and explain the significance of alternative investments, most notably real estate—especially in comparison to stock market-style investing. I’ll share how you can take advantage of inefficiencies and use them to gain more control over your investments and find more stability. You will also hear about the importance of the quality of ROI, matching your investment style to your goals, hedging against market volatility, and more.
1:34 – What it means to become your own financial advocate.
5:27 – The advantages and disadvantages of alternative investments vs. the stock market.
6:55 – How busy practitioners can invest in real estate and where I got started.
9:38 – The art of curating the right people to work on your team.
10:45 – ROI vs. ROT and the importance of measuring correctly.
13:14 – How to ensure investing is helping you accomplish your personal goals.
15:31 – What we do at Freedom Founders.
18:42 – How we can hedge against market volatility in real estate and not partake in the roller coaster.
22:12 – How to overcome analysis paralysis.
Featured on the Show:
P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :
In this episode, we finish up the second part of my interview with Rob Swanson and his eight rules of investing. (If you haven’t listened to part 1, be sure to go back and give that a listen before jumping into this one.) Today, we pick up where we left off, covering rules four through eight and talking about everything from decision-making to cash flow and risk reduction.
Listen in as Rob shares his incredible insight and experience in real estate and investing to give us a few rules that help make our decisions and investments more solid. You will hear about the importance of looking at margins before buying and what boxes need to be checked when it comes to predicting a solid income stream. Rob also discusses how to define and mitigate the different risks involved so that you can come out on top.
Alastair MacDonald is a private advisor to established entrepreneurs, investors, and business owners, as well as a TEDx speaker who lectures on economic, social, and financial forecasts. Join me today to hear part two of our conversation at the Freedom Founders Mastermind, where we dive into the concept of certainty, how to hedge against a volatile economy, and why the abdication model is no longer one that works.
Listen in to learn the reasons why Alastair is not worried about consumer price inflation (and what he’s really worried about instead) and why the 401(k) is not always the investment that it is made out to be. You’ll learn why he is most concerned about the issue of division and polarity in the Western world, why your business is your best asset in a volatile economy, and how you can maintain its viability to weather the most intense economic storm.
1. Get Your Free Retirement Scorecard:
Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Go to www.FreedomFounders.com/Scorecard to take the 3 minute assessment and get your scorecard.
2. Attend A Workshop:
If you’re committed to Freedom, but still building a practice, paying down school debt, or growing investment capital, our hands-on Freedom Blueprint Workshops are your entrance ramp onto the fast track! Visit www.freedomfounders.com/workshop to claim your seat!
3. Apply To Visit The Mastermind:
If you’d like to join dozens of dentists, docs, and practice professionals on the fast track to Freedom (5-7 years max), visit www.freedomfounders.com/step-1 to apply for a seat.
4. Want to Work Directly with Me?
If you’d like to work directly with me and a small group of my closest investment colleagues, with direct access to the dealmakers and asset classes that I invest in, just send a message to my Executive Assistant (Lindsey@FreedomFounders.com), and put “Fast Access” in the subject line. Or, call (972) 203-6960 Ext 144 and leave a brief voicemail for Lindsey. Let her know you’re interested in the Fast Access program – we’ll set up a time with you to talk, find out about your goals, and see if there is a fit.