Why the Technician Never Reaches Freedom

POSTED FEBRUARY 25, 2020

by Dr David Phelps

by Dr David Phelps

I

n our society, we’re taught that the path to freedom is to climb the ladder of achievement in our education – getting degrees or licenses to cultivate a highly specialized skill set that will eventually pay off with a larger salary.

But will that actually bring you financial freedom? Probably not.

Specialized skills can earn you a lot of money. But it’s hard to turn that hard-earned money into something that actually grows.

Most people don’t know how to get there because they’ve only focused on growing their technical capabilities. But in order to achieve true financial freedom, you have to create a balance between your technical skills and knowledge.

If your first step was getting through school and then getting into a great career or profession, that’s a great start… but step two needs to be learning an outside skill like how to orchestrate your own financial future. 

You need to learn how to put the dollars you’ve traded your time for into assets – not financial products,, but assets that can grow your equity and net worth, like businesses and real estate.

I’ve personally found you can build your net worth much faster through alternative investments than working from your own technical expertise.

Yes, both are important, but you need to take the sole focus off of being a faster, more efficient you. Eventually, you’re going to wear out and be done, whether voluntarily or involuntarily. If it’s all on you to produce the income, you don’t have freedom. You have a job.

 

If you want freedom, you have to develop the skills necessary to build your own future wealth.
To Your Freedom,

Want me to help teach you those skills? I’m holding a Workshop this July – you can save your seat at www.freedomfounders.com/workshop

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. 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

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. 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.

4. Want to Work Directly with Me?

If you’d like to work directly with me and a small group of my closest investment colleagues, with direct access to the dealmakers and asset classes that I invest in, just send a message to my Member Advisor (Chris@freedomfounders.com), and put “Fast Access” in the subject line. Or, call (972) 203-6960 Ext 101 and leave a brief voicemail for Chris. Let him know you’re interested in the Fast Access program – we’ll set up a time with you to talk, find out about your goals, and see if there is a fit.

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