Podcast Episode #470: Career Paths and Financial Freedom – Dr. David Phelps
Episode #470: Dentist Freedom Blueprint Podcast
Career Paths and Financial Freedom – Dr. David Phelps
What happens after you’ve sunk loads of money and time into something that no longer feels right? Today I’m going to continue the conversation I started last week about how I would do things differently, but this time, I’ll go more into what it looks like when you’re deep into your business or career path and what to do now that you are where you are, for better or for worse.
Listen in as I talk about why it’s crucial to make sure there is a bigger, more meaningful goal that can be used to create a plan for continued success in work and your personal life. You’ll learn how to find true freedom through planning strategies, involving your family, dealing with burnout, and more. If you’re wondering what’s next for you and your career, this episode is for you!
Minute Markers:
1:25 – What we should be providing to our youth.
3:31 – The curse of lifestyle creep and how to handle it.
5:40 – Why it’s so important to have those hard conversations.
6:53 – Where burnout and despair tend to come from.
8:30 – Why you need to take control of your own finances rather than delegating it.
13:41 – Understanding what controls you and the importance of finding purpose.
16:24 – Where to start if you’re evaluating where you are in your life.
Featured on the Show:
Freedom Founders Discovery Call
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.