Ep #345: David & Kandace Phelps – Risk is Necessary to Find Freedom (Part 2)

Welcome back to the second half of the series taken from one of our Freedom Founders member events. If you missed the first half, head back to episode #344 to hear the beginning of the talk I did on risk with my wife Kandace. In part two, we jump right back into Kandace sharing wisdom on how each of us has key differences and perspectives on time and how we can use that to work for us rather than against us.

Risk is a very important topic to address, especially for dentists, as we are taught to avoid risk and seek perfection in many areas throughout school and life. Listen in to learn the principles of life when it comes to discomfort and uncertainty and why we need others to come alongside us as we take risks and work on ourselves. Kandace and I also discuss what it means to have enough, why we need to be contrarian, and the value of relevance.

Minute Markers:

2:20 – Our key differences and how they can work together to help us succeed.
4:13 – Why discomfort is good and why you need it in order to make changes.
6:31 – Defining what “free for life” means—and what’s next after that.
8:37 – The problem with taking on the identity of what you do.
12:22 – A letter from Freedom Founders members.
15:50 – The problem with not knowing what is enough and why you need masterminds.
19:27 – Why you need to find the freedom to open up brain-space for something new.
21:28 – The value of relevancy.

Featured on the Show:

David Phelps: Website
What’s Your Next? by David Phelps

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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 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.