Episode 121: David Phelps

The current market is highly volatile. There are a lot of uncertainties in the stock market and cryptocurrency.  Even experienced investors are not off the hook. They will feel the impacts of these market conditions. What if there was an investment model that lets you bounce back from the market impact and still enjoy the freedom of life?  David Phelps experienced this and a biological hurdle from his daughter's sickness, forcing him to leave his private dental practice. It was real estate that saved him and has remained to be the vehicle for his freedom. Through the Freedom Founders Mastermind community he founded, David helps other professionals find freedom by investing in real estate.   While still in dental school, he began his first investment in real estate by doing a joint venture with his father on his first rental property in 1980. Three years later, they sold that property, and David took his $25,000 capital gain share and leveraged that into 31 properties that later produced $15,000 a month of net cash flow. Life was good, and the sky was the limit until that day when David's daughter was diagnosed with Leukemia. And in the midst of cancer treatment, epilepsy, and ultimately liver transplant for his daughter, David made a crucial decision to leave the clinical practice so that he could spend every moment with his daughter. David's plan B as a portfolio cashflow producing in real estate assets gave him the freedom to focus 100% on what mattered the most. Her daughter battled with the disease, and David still enjoyed the freedom to cherish every moment with her.  Today, David is a nationally recognized speaker on creating freedom, building real estate businesses, and investing in real estate. He helps other logical and rational professionals become dreamers and strategically manifest those dreams into freedom. Under David's leadership, the Freedom Founders Mastermind community has grown exponentially, providing the pathway to freedom for many professional practice owners. David shares more about the market volatility, what's happening, and what real estate investors need to know and be cautious of to navigate this market cycle. Learn ways to pivot and get the best out of the worst. Tune in!  Highlights from the Interview A quick bio of today's guest; David Phelps What's happening in the market, and what do investors need to do Why is inflation a silent retirement killer How are people responding to the unfavorable market conditions Should you do equity or debt in the current market? Reasons why David is passionate about real estate investing What is your financial freedom number? Episode wrap-up and call-to-action