It’s a shocking truth that so many dentists can’t afford to retire at 62 and maintain their lifestyle. But this does not have to be the case! Today we are joined by David Phelps, a Dentist and Real Estate Investor who has figured out how to own his freedom and even wrote a book about it! In this episode, David opens up about the struggles his family faced that motivated him to sell his dental practice and build a passive income. We discuss some of the reasons why so many dentists struggle to retire and how we can go about avoiding this pitfall. We talk about the mistakes dentists commonly make from abdicating the management of their investments and investing in speculative things that aren’t sustainable.
David explains how he came to write the book Own Your Freedom with Dan Kennedy and some of the principles covered in it. Tuning in you’ll hear how to determine what your ‘freedom number’ is, how to achieve it by owning assets, not financial products, and the importance of not just investing in assets but also investing in relationships. To hear David’s valuable advice to investors and business owners in light of the volatile times that we’re living in and to discover how you too can own your freedom, tune in today!
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