76. Invest Alternatively and Work From a Place of Passion

Set yourself up for financial success by narrowing your criteria and making a list of what you want from your investments with today’s guest, Chris Odegard, on this episode of The Prosperity Perspective. Join Liam Leonard as they discuss how and why you shouldn’t trade your time for money and get to a place where work is a choice, not a necessity, from this prolific investor.3 Key TakeawaysYou don’t need a background in business to invest in real estate. But you do need to research the resources available to you. You need to look into whether or not you can do an in-service transfer–even if it sounds too good to be true.Get yourself to a place where you can work but it isn’t a necessity.Time Stamps:[0:45] Guest Chris Odegard introduces himself and his unique background in entrepreneurship[5:10] How did Chris determine he wanted to shift assets from his 401K to a real estate journey?[7:40] Chris learns about the value in an in-service transfer[8:50] Chris explains his strategic framework as he started to make investment decisions[11:20] Focusing on the importance of time shaped how Chris made his investments[14:05] For those looking to get into real estate, Chris lays out a good place to start[15:33] What were some of the biggest real estate investment benefits for Chris? [17:05] Chris talks about the most exciting investment opportunities for him today ResourcesChris’ website: theprolificinvestor.netChris’s article: Three Ways to Get Started in Real EstateChris’ book: Get off Your A$$ and Manage Your Money: Why You Need Alternative Investments YouTubeLinkedInWestern Wealth CapitalRich Dad, Poor Dad by Robert Kiyosaki About Chris OdegardChris Odegard is The Prolific Investor. Chris is an average guy who had a white-collar job in the corporate world and followed the only thing he knew for decades, conventional wisdom and conventional investments. This worked relatively well until 2009, when he experienced an illiquidity event where he lost 55% of his assets and thousands of dollars per month in cash flow. Then, Chris read Robert Kiyosaki’s Rich Dad Poor Dad, and his mind was opened to a different type of investing, investing in real assets and private deals mostly insulated from the volatility, risk, and taxation of the stock market.In just nine years, Chris recouped the 55% he had lost and multiplied it many times over and now shares his experience and knowledge with you through his book Get Off Your A$$ and Manage Your Money: Why You Need Alternative Investments and his alternative investment blog at TheProlificInvestor.net.