The Power of Association

by Dr David Phelps

by Dr David Phelps


’m in beautiful Punta Mita, Mexico with a number of my good friends who do real estate together.

 It's just a getaway for us, a place where we can come together, collaborate, and talk about models, strategies, and what's happening in the marketplace.

In my recently published book Own Your Freedom I wrote about the power of association and the fact that we have grown up thinking that it's all on us – that we have to be the one who does the work, gets the grades, builds the business, and makes it all happen.

To some extent that is absolutely true, but there is great power in leveraging associations. That is the power of your network. I often say your network is your net worth, meaning that if you took away all of my other assets – my money, my other cash flows, my business – and you let me keep the relationships that I’ve curated from over 40 years in business and investing…I could build back very quickly. Give me my relationships.

The time here in Mexico with my colleagues is really more about “think” time. It's not about tactics, and it's not even about strategies. It's about higher level thinking: Where do we go from here? Knowing that we have a lot of disruption and uncertainty in the marketplace, and a lot of volatility ahead, how do we position ourselves? Nobody has a magic crystal ball, but with the wisdom of the group, we can figure it out together.

No one has it absolutely dialed in 100%, but having a pulse on what's going on in the marketplace, in business, in real estate, or any economic sector is a jump ahead of what everybody else is doing.

My associations are where I get my genius. They’re really my best insurance policy for anything I have in life. Having a network really allows me to elaborate, collaborate, and leverage the best of the best.

So if you haven't figured out how to get to your next level, consider the fact that you may need to level up a little bit in your relationships. Find people that you can collaborate with, people who have gone down the road ahead of you. Don't be the smartest one in the room. It may feel good to your ego, but it’s not going to get you where you want to go.

This is all in my book Own Your Freedom, which you can get now on Amazon. Check out the power of association, one of the principles I talk about there – 

- it will take you to where you want to go next.
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 My Team:

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 schedule a call with my team. If it looks like there is a mutual fit, you’ll have the opportunity to attend one of our upcoming member events as a guest.

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 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!

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 to apply for a guest seat.

Leave a Reply

Your email address will not be published. Required fields are marked *