Your Responsibility for Your Financial Future

Picture of by Dr David Phelps

by Dr David Phelps


et's talk a little bit about your responsibility for the orchestration of your financial future.

 Wall Street and the traditional investment advisors sell a lot of products –

and they tell you that the complexity of dealing with your financial future is too much for you, unless you have an education or experience in finance. They say, “Just give us the money, put it in a lockbox like a 401(k), and we'll take care of it for you. And then when you want to retire someday, we'll have it there in a nice nest egg ready for you.”

It sounds great in theory. Does it work in reality? It does not. After a life of hard work, it’s a means to an end for average returns and an average end-of-life lifestyle – which is not what you signed up for.

So what exactly are you responsible for? I say you're not responsible for going out and finding the best investments, whatever they may be. Most of you don’t have the time, capability, or network to do that. However, you are responsible for deciding what is going to fit your model.

Now, how do you do that? Well, you've got to do a little bit of study there. In Freedom Founders, we work really hard on developing asset investment classes that provide cash flow. We use real estate, which to me is the best there is, but there are other ways to do it. 

Whatever your model is, you've got to take the financial responsibility to go forth and study enough to understand which ones are going to fit your model. You've got to orchestrate that. You want a team around you. You want people that can find you the right products and bring you the asset classes that make sense for you. But you've got to make the decision. If you abdicate the entire thing to someone else – you get the results you deserve.

It's up to you. You've got to make a change. Don't let someone tell you it's too complicated; you're smart enough. You got to where you are today because you're smart and you work hard. It's not out of your league to at least understand the principles of what's going to get you to Freedom sooner and not later.

Remember, it's your freedom. Always stay focused on that.

P.S. I did a “State of the Market” webclass recently on how Dentists can navigate volatility, taxation, and inflation – you can catch the replay here


P.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.

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