This week, we’re going in for the second half of the discussion we started in last week’s podcast with Dustin Burleson. Today’s episode is all about how to expedite the learning curve, the state of the market, what “reversion to the mean” means, and more. (Also, be sure to go back and catch last week’s episode if you missed it!)
Listen in as we talk about the benefits and efficiencies of real estate as an alternative investment, as well as the benefits of orchestrating your financial future vs. abdicating it. You will hear us weigh in on the impact of the pandemic stimulus and what you can do if you are noticing that you’re “paying the price” for that. We also chat about the difference between income and accumulation, how Freedom Founders works, and how we are navigating the current markets.
- 2:20 – The learning curve involved in real estate and the state of the current market.
- 6:37 – How we are navigating the current markets (especially when it comes to real estate and investing).
- 12:56 – The myth of passive income and what to expect when leaving “active income”.
- 15:58 – Avoiding recency bias and why you need to be careful when it comes to trends.
- 17:31 – The importance of having a goal to work for.
- 20:38 – Who Freedom Founders is for and what they do.
- 24:47 – What Getting The Band Back Together is all about.
Featured on the Show:
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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:
Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Click here to take the 3 minute assessment and get your scorecard.
Want to know more about David and schedule him as a speaker or podcast guest? Go to doctorphelps.com to book David now.
Get the Full Episode Transcript: