After a year of unprecedented disruption, we are standing at the end of 2020 with uncertainty about the economic and political future. Given all that has happened, creating wealth, building wealth, and keeping up with inflation will be much harder than it has been in the last several decades. So in this episode, I’m going to focus on what’s next for you as a business owner and breadwinner of the family.

Depending on how old you are, it’s important to realize how creating wealth changes over time and why things could look a lot different going forward from this year. I’ll discuss some big things to understand and watch out for when it comes to your finances and business building, but I also want to share where the big opportunities might be, as well.

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Minute Markers:

  • 1:43 – Looking back at how this year went.
  • 4:09 – Why building wealth will get harder after this year.
  • 6:01 – The massive opportunities coming up.
  • 8:48 – What a K-shaped recovery is and how it looks in our current economy.
  • 10:06 – What needs to change in order to grow wealth in the coming years.
  • 12:48 – How and when to find more freedom in your work and life.
  • 17:03 – Where to look for investment opportunities.

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) :

1. Schedule a Call with Me:

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, then click the link to schedule a quick call with my team. If it looks like there is a mutual fit, you’ll have the opportunity to schedule a call with me directly. www.freedomfounders.com/schedule

2. 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.

3. Ready to Step Away?

“How Much is Enough?” This simple question keeps hard-working professionals at the hamster wheel of active income far longer than they need to be. Watch this free training, and discover a proven model for determining how much you really need before hanging up the handpiece! www.freedomfounders.com/training

4. Apply To Visit The Mastermind:

If you’d like to join dozens of dentists, docs, and practice professionals on the fast track to Freedom (3-5 years or less), visit www.freedomfounders.com/step-1 to apply for a guest seat.

 

Want to know more about David and schedule him as a speaker or podcast guest? Go to doctorphelps.com to book David now.

 

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