Press Featuring Dr. David Phelps
As we all gradually get over the massive economic and societal hurdles the Covid-19 pandemic brought about, the U.S. economy is sliding into more drama: inflation and recessions.
Dr. David Phelps, author of Inflation: The Silent Retirement Killer explains, “We’ve had 40 years, from 1980 to 2020, where we’ve had disinflation and low interest rates, but then we turn a corner to face completely new rules.”
“We’ve had 40 years, from 1980 to 2020, where we’ve had disinflation and low interest rates, but then we turn the corner to face completely new rules. We have rapidly growing inflation now, and as a result, higher interest rates. This means we have to learn how to do things differently.”
Phelps says the solution to the last economic crisis, stimulus via low interest rates, is at least partially the cause of our current problems.
As a nationally recognized keynote speaker, David brings dynamite energy and rare insights into how to create financial freedom through passive income, how to build a real business that doesn’t take over your life, anti-traditional real estate investing, private lending, wealth-building legacy, and how to take responsibility and “own” your life.
He sold his dental practice and poured the proceeds into real estate. It didn’t take him long to replace his income, but now he was generating it passively. This gave him the freedom of time without taking away the income he needed to support his family. During this process, Phelps realized something that shocked him — most of the financial industry was giving people bad advice…
Is the rising energy price a wake-up call? Will we see long-term consumer behavior changes towards a more energy-efficient lifestyle?
We’re already seeing changes today. In my home state of Texas, 7,352 megawatts of new wind, solar, and energy installation projects were completed last year, significantly outpacing California, which installed just 2,697 megawatts of similar projects. Demand for electric vehicles is surging as well.
Paying off your mortgage early may give you peace of mind, but it should never be prioritized over building up an emergency fund.
“Once you pay off debt or pay down debt, you now have more equity but less available cash when needed,” said Dr. David Phelps, real estat investor and founder and CEO of Freedom Founders. “There is safety in cash and cash flow. Equity also provides a level of safety, but cash flow is the oxygen that maintains your business or personal revenue needs. Equity by itself cannot do that.”
David Phelps, Author of “Own Your Freedom” and founder of Freedom Founders, talks about finding financial freedom with real estate investing.
In August 2020, we were right in the middle of the pandemic. I realized that the people I serve, my Freedom Founders members mainly, but indeed the whole nation—were vulnerable to the extent that we’re entirely dependent upon our income. And, most people have never considered that a time could come that would prevent them from earning an income. For many, this was a wake-up call.
“Get to know the market,” said David Phelps, Founder & CEO of the investment advising group Freedom Founders and author of Own Your Freedom: Sustainable Wealth for a Volatile World. “That means collaborating with other experts or influencers in the market.”
Phelps recommended attending real estate investors meetups or joining investor groups, or even looking at online forums to learn more about the real estate market in any given area and what’s needed to invest in a multi family investment property.
Dr. David phelps has a two-fold mission in writing his latest book, Own Your Freedom: Sustainable Wealth for a Volatile World. His primary intent in writing this book was to help others achieve financial freedom. It contains first-hand knowledge that David acquired while walking his own path to freedom. He knows we are all capable of great things. He wants to help people discover the joy of living debt-free for themselves.
Dr. David Phelps believes the average American not only deserves financial freedom, but that they have a duty to their family, community, and country to achieve it.
And he’s built his entire life around this concept.
This dentist turned real estate investor is on a mission to help as many people as he can to achieve their own financial freedom with his latest book, Own Your Freedom.
Asa part of my series about the ‘Five Things You Need To Know To Succeed In The Real Estate Industry’, I had the pleasure of interviewing Dr. David Phelps.
Dr. Phelps created Freedom Founders to help its members build the financial foundation necessary to achieve the freedom they wanted in their lives via real estate investing. In fact, he’s co-authored several books focused on helping others establish their financial independence. The most recent, Own Your Freedom, is a wake-up call for entrepreneurs and small business owners who endeavor to persevere no matter what hardships come their way.
Principles to achieve long-term economic benefits.
We’re often blindsided just when everything seems perfect. Dr. David Phelps learned that lesson the hard way when his daughter suddenly faced a life-threatening health crisis. But instead of letting that derail him, he turned it into an opportunity for himself and for thousands of others. On the surface, he had a perfect life.
Good Day Orange County: Dr. David Phelps Helps Others Gain Financial Freedom through Freedom Founders
While he possessed an entrepreneurial spirit as a kid, David Phelps followed his father’s example into medicine as a dentist. But when his daughter developed serious health issues, it made him realize he wanted more time to spend with her than his dental practice would allow…
Articles Written by Dr. David Phelps
In an upmarket, you’ll often find a lot more “investors,” but many will be newbies, DIYers and gamblers. Money seeks investment yield, and real estate is highly sought after when it’s up.
When the market corrects, it will push many of those avatars out of the investment market, and only the professionals will remain. But that’s is a double-edged sword. It gives you a better perspective client, but it also requires you to provide more value from the get-go.
The last two years have been especially difficult for small business. The good news is that it’s made many entrepreneurs smarter, stronger and more adaptable. The bad news, though, is that difficult times are just getting started. Surviving and thriving in the coming years will require entrepreneurs to demonstrate grit and an ability to adapt quickly and implement the right strategies.