Now Is The Time

by Dr David Phelps

by Dr David Phelps

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oo many people focus on trading time for dollars, creating transactional income in their business or profession.

 Look, we all have to start there.

And we’re taught to get an education in order to get some kind of job or into your own business – the American Dream.

People will tell you that the more expertise, skill sets, and licenses you have, the more you can charge for your time. That’s true, but there’s a cap on what you can charge and how many hours you have in a month or a year.

The biggest problem with that type of income is that it’s taxed at the highest rates. So you’re paying maximum taxes and you’ve got to stay on the treadmill, working harder and harder as the slope gets steeper. Tax rates go up, while your ability to create more profit through trading time for dollars does not.

There’s nothing wrong with working hard – but you need to work smarter to create the freedom you want. You’ve got to get used to a different model. Go to the inefficient alternative markets: businesses and Real Estate, which are harder for most people because you can’t just click a mouse to make those investments.

And I love it that way. You have to have access to people with the network to lead-generate and find those deals. Wall Street can’t play on Main Street. It’s not scalable for them and they don’t know how. It’s what gives us a chance, but you’ve got to do a little bit of work. You can’t just throw your money into a 401(k) lockbox and say it’s going to be fine – because it’s not.

If you really want to change your life and be a hero for your family, you’ve got to change your model. You can still work and do what you love, but do it on your own terms and without a scarcity mindset.

What happens in the next pandemic? Or if your health goes bad and you can’t do the things you did before? You want to start creating freedom now – not some magical day down the road that will never come.

Too many people put it off and then live their lives with regrets. Don’t let that be you and the potential memories with your family. Be strong, take a different path. Don’t follow the majority; be a contrarian for once in your life.

Step up and find the tribe of people who have done this and have a track record of doing it well – people who are actually free, who then show others the path to freedom.

That’s what I love to do, and it’s why I get up every day. I know the truth of how this works. If you’re one of the 2% who hears my message and wants to take my advice and find out how to do it, take the next steps.

I’ll leave that to you, and hope I’ll get a chance to talk to you.
To your freedom!

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 (can include residential/practice equity or practice sale), then click the link to jump on 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.

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