In this episode, you will get to hear a conversation I had with my wife, Kandace, and Alastair Macdonald. Kandace comes to the conversation with degrees in finance and tons of experience with investing, while Alastair brings his own financial prowess and Wall Street experience. You will hear us discuss how we can navigate the volatility going on in the current markets and why it’s so important to participate in the marketplace—even in unusual times.
The upheaval that has happened in recent years will most likely continue on, as well as inflation, so how do we plan for that? How do we find the right balance for our portfolios and investments that will ensure successful money management and financial freedom in the coming years? This episode is crammed full of helpful info on where we are in the cycle, why this time is different, how to find the advantage in the inefficiencies, and more.
Minute Markers:
- 4:17 – The importance of participating in the market and doing it with a mentor.
- 7:29 – Why having a transparent community is so key to staying in the game and creating trust.
- 15:20 – Where emotion gets in the way and how to keep yourself in check.
- 16:52 – The opportunities within inefficiency.
- 19:20 – How people view time and how real estate is different from other investments.
- 21:49 – Why we should embrace a market correction.
- 22:30 – How all roads lead to income.
Featured on the Show:
- Alastair Macdonald: TEDx | DSN | Facebook
- David Phelps: Website
- Freedom Founders Discovery Call
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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) :
1. Schedule a Call with My Team:
If you’d like to replace your active practice income with passive investment income within 2-3 years, and you have at least 1M in available capital (can include residential/practice equity or practice sale), then schedule a call with my team. If it looks like there is a mutual fit, you’ll have the opportunity to attend one of our upcoming member events as a guest.
2. Become a Full-Cycle Investor:
There are many self-proclaimed genius investors today who think everything they touch turns to gold. But they’re about to learn the hard way what others have gained through “expensive” experience. I’m offering a free report on how to become a full-cycle investor, who knows how to preserve and grow capital in Up and Down markets. Will you be prepared when the inevitable recession hits? Get your free report here.
3. Get Your Free Retirement Scorecard:
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