Understanding Pro Formas
Simply put: A financial Pro Forma is a list of financial projections. Projections based on a specific asset (in this case, we’re talking about real estate), and based on certain numbers: expenses, rents, gross income. […]
How Long Will It Take To Get To Freedom?
“Can I really reach Freedom in 5-7 years?” Fair question. The first step to answer is to define Freedom. For some, Freedom means lying in the warm sun on a tropical beach… without a […]
Why Dave Ramsey Is Wrong About Debt
Dave Ramsey is a leading financial educator. To date, he has sold over 10 million book copies, and over 4 million people have graduated from his training: “Financial Peace University”. Dave preaches that debt is […]
A Huge Investment Opportunity Many Dentists Miss
“What do I do if I don’t know anything about investments?” The question greeted me in my Facebook private message feed. The sender gave her name, but asked to remain anonymous. (Sadly, investing can be […]
Why I Only Invest In Collateralized Assets
Wall Street investments aren’t backed by meaningful collateral. A stock might be worth a fortune one day, and nothing the next. Mutual funds, stocks, bonds… It’s all just paper. 20 years ago, that’s all I […]
What Does Freedom Founders Actually Do?
“What do you guys at Freedom Founders actually do?” Very fair question. I get asked this a lot. What we “actually” do is tough to condense into a simple, quick-and-easy answer. But here’s my best […]
Why Your Dental Practice Isn’t Different
“But David, my dental practice is different….” I get this response often. I was in Austin recently with my friend, Bill Gough, at his insurance agency mastermind. (Don’t think insurance agents and dentists have much in common? […]
2 Reasons Most People Lose Money In Real Estate
For safe and steady wealth building, nothing beats real estate. But be warned: you can also lose your shirt in the blink of an eye. The good news is, most real estate horror stories fall […]
Why I Hate 401ks
I don’t care what your “Financial advisor” told you… 401ks are a bad idea. Putting your wealth in a 401k is like locking piles of cash in a concrete bunker, and throwing away the key. […]
Why You Can’t Get Off The Treadmill
We call it the “Hot Seat”. It’s a highlight of our quarterly mastermind events. Our invited guests (sorry, invitation only. There’s an application process) face the room and share their story. A little scary. A […]
