Press Featuring Dr. David Phelps

Newsmax Finance: John Hopkins Leads Charge to Land Vets Good Jobs

It’s no secret that transitioning from military service to civilian life poses significant challenges. For most, it’s a culture shock, to say the least, as we move from a world where we know our role, where we fit into the hierarchy, and exactly what’s expected of us, into a world where all of that is far less clear. We also lose the sense of comradery we experienced that simply cannot be replicated in the civilian world because it’s forged in the face and death.

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AP News: Mark Pellegrino, Matt Higgins, & Zuby Join Growing List of Celebrities Collaborating to Bring FinLit to FL Students

The Florida Department of education has been working quietly behind the scenes with a group of educators and financial experts, to develop its new financial literacy curriculum, which was recently completed, and the department is now moving forward with the other half of the equation – getting Florida students excited about and engaged with the curriculum so they can learn and benefit from.

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Go Banking Rates: Warren Buffett Says Make Money While You Sleep: Here Are 5 ‘Forever Assets’

Real estate is a classic investment vehicle that can provide you with passive income while also appreciating in value. Dr. David Phelps, real estate expert and CEO of Freedom Founders, believes that real estate is “hands down” the best asset class.

“Real estate as a tangible asset is what we would call or term ‘an inefficient market’ vs. the financial world, which is known as an ‘efficient market,’” Phelps said. “This is a major benefit [that allows the] individual investor to take advantage of the inefficiencies in the real estate market to be able to access and invest where the major funds are not able to access.

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News Max Finance: Why our Economy Is Still in Shambles and Will Likely Get Much Worse

This is the third installment of a three part series on financial literacy and the basic understanding of inflation, and economy in general. We explore more deeply exactly why Dr. David Phelps predicts higher inflation in the future and ways consumers can protect themselves. Armed with this knowledge, you can watch veterans in the economic market yourself, and make informed decisions, protecting your financial security.

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Fox Business: Squatters, be gone! How to keep your property safe and secure from unwanted occupants

A squatter is someone who doesn’t own or rent a property, but chooses to live there anyway. People often think this is limited to someone who is broke and doesn’t have a job. You might think of a homeless person you see on the street, but that’s not always the case. Sometimes – and this is happening a lot more these day – it could be someone that used to live at the property and refuses to leave, or it could even be someone who simply breaks in and takes over the property. Several factors are driving the increase in squatters today…

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News Max Finance: Adapting to Today;s Declining and Uncertain Economy

The economy is currently facing a multitude of challenges, including growing inflation, bank collapses, tightening credit, dwindling consumer confidence, and supply chain disruptions, to name just a few. As individuals and businesses alike grapple with these issues, it is essential to understand the impact of these challenges and adapt accordingly.

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News Max: The Empowerment & Freedom of Financial Literacy

A shocking 43% of Americans are not financially literate, but think they are, according to research by the Milken Institute. Rising debt and delinquency rates further prove this point. But this problem has broader applications, according to Phelps.

While, this may seem to be an individual problem, the truth is that it actually causes significant problems, all the way up to the national level, because the effects of poor financial decisions ripple out far beyond the person who first made them.

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Fox News: Financial expert: Government-fueled inflation is killing retirements

Stubborn inflation continues to bring pain as it chips away at consumers’ buying power, but the impact could be more far-reaching as the high cost of living upends Americans plans for the golden years.

Dr. David Phelps, argues in his latest book, “Inflation, The Silent Retirement Killer,” That decades of unchecked government spending coupled with the actions of the Federal Reserve made today’s inflation inevitable, and warns that investors must adjust and prepare for the long haul.

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Real Grit Podcast: Success Through Serving Others

Success is not a one-time event; it will take you a long time to realize the appropriate way for it. Dr. David Phelps joins the Real Grit podcast  to share his remarkable real estate experience and his determination to see it through. Listen in to learn about heartwarming accomplishments that may help you find yours!

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Inc: How Businesses Can Survive Inflation and Recession

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.”

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Grit Daily: Entrepreneurs Prepare for Rough Economy Amid Record Inflation

“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.

Read More Here ‘Own Your Freedom’ by Dr. David Phelps: A Real Estate Investing Blueprint

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…

Read More Here Survey: 90% of Home Seekers Are Concerned About Rising Energy Prices

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.

Read More Here Why Now is Not the Time to Pay off Your Mortgage Early, According To Experts

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.”

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Articles Written by Dr. David Phelps

NewsMax Money: The Right Game Plan to Achieve Your Financial Goals

One of the questions I get asked the most is, “How do I know what to invest in,” and while I appreciate the sentiment here, that is almost always the wrong question. That’s because without context, any answer is basically meaningless. The right answer is based on numerous variables, like the state of the economy, your net worth, risk tolerance, goals, tax situation, and so many more. In other words, there are a lot of things you need to know first before you can begin to think about which specific investments are right for you.

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NewsMax Money: How to Build Intergenerational Wealth that Lasts

In the midst of ever-growing inflation and economic uncertainty, more people than ever before are looking for ways to build (and hold onto) generational wealth. In the United States, 80% of all businesses are closely held – and most either fail or are sold before the second generation takes over. Only 10% function as privately held by the third generation.

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The Dental Transition Newsletter: “I’ve Sold My Practice… Now What?”

The sale of your practice marks a significant transition from ‘practitioner’ to ‘investor’. The stewardship of the proceeds becomes paramount. What is your plan for utilizing and safeguarding that equity? How are you replace practice income with investment income? How will you protect your capital from market volatility and a potential crash?

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Tampa Bay Business & Wealth: How to Raise Financially Literate Children

According to the Milken Institute, a shocking 43% of Americans are not financially literate. That has long-lasting implications for the individuals directly affected, the children they raise, and the economy as a whole. That’s why even as our nation’s debt levels have spiked to historic highs, people still demand student loan forgiveness, funding for multiple wars, and stimulus payments…

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Benzinga: US Should Implement Argentina’s Economic Policies

Argentina has been in the news lately, first for its economic problems and more recently for the impact it’s president, Javier Milei, has achieved in combating these problems. To put the severity of this situation in perspective, Argentina’s annual inflation rate ended in 2023 at 211.4%, the highest since the early 1990s.

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Benzinga: How to Analyze A Real Estate Opportunity Like An Underwriting Pro

It’s true that you’re investing in tangible assets such as land and buildings when you invest in real estate, but ultimately, you’re investing in people. Throughout the transaction, you’re dealing with sellers, buyers, and numerous others involved in the transaction, who all have their own motivations, knowledge and level of integrity. This makes each deal infinitely more complicated than the numbers on a spreadsheet might first indicate.

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Tampa Bay Business & Wealth: Avoid These 4 Common Investing Mistakes People Make in a Slow Economy

When the economy slows, most people don’t even realize it’s slowing because they don’t pay attention. They listen to the pundits on TV and think everything will stay as it’s been over the last 15 years, and the markets will keep topping out. They don’t realize that there’s a significant asymmetric risk because the higher the market goes, the greater the odds are that there will be a decline.

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Tampa Bay Business & Wealth: Where ‘Smart’ Money Is Going As The Economy Declines

The key to knowing how to move in an economy like the one we’re facing today because these challenges are something we haven’t seen in decades, so we have to adapt. The traditional investing strategies that work just fine 99% of the time can drive you into bankruptcy in a declining economy. In this environment, we first need to move away from paper assets, which include most of what Wall Street pushes, such as stocks, corporate bonds, CDs and other “paper” assets.

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Newsmax: The US Has Moved From a Creditor to a Debtor Nation—Our Survival Depends on Changing That

Our debt is the direct result of decades of reckless government spending coupled with a general lack of financial literacy among fellow citizens. It gets worse about every four years when politicians, who want to ensure they get enough votes to stay in office, start handing out taxpayer dollars with the same enthusiasm, that sweet old neighbor hands out Snickers bars to the endless parade of ghosts, superheroes, and Bluey on Halloween night.

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Newsmax: The Absurd $50 Minimum Wage Would Destroy Our Economy

There’s no denying that wages have been stagnant for a long time, so it’s no surprise that people are hurting in this economy and looking for solutions. Americans are essentially being squeezed on both sides, by low wages and high costs. It’s an untenable situation for a lot of people today. But arbitrarily raising the minimum wage would be disastrous.

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Dental Economics: What Financial Planners Are Getting Wrong About Inflation, Credit Contraction, Overvalued Equites and The Next 10 Years

Investors are seeking clues about where the markets are headed. Will there be a soft landing? Will the headwinds of inflation, rising national debt, and a burgeoning credit crisis push the economy into a recession? Or perhaps neither of those scenarios entirely.

For investors who want to step away from practice (and reduce their reliance on practice income), it is vital to have a financial plan that does not rely on accurately predicting the future.

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Dentistry Today: Are You Focusing on Financial Freedom or The Tools That Get You There? – Part 3

Multiple streams of income are a game-changer. They give you the ability to control your time, reduce stress, and plan for the future. In contrast, if you have a retirement savings wrapped up in a single investment, it can be very limiting and nerve-wracking. This is especially true if that investment is dependent on the unstable economic conditions of Wall Street and managed by someone else.

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Newsmax: Deflation, the Ticking Time Bomb Set to Burst Economy

With all the talk of inflation lately, another economic phenomenon is quietly percolating just below the surface, and when it finally emerges, it will catch most people off guard. That phenomenon is deflation, and while it comes with some benefits – the most significant being a reduction in the cost of goods and services through the economy, which can be a good thing when facing inflation, it also comes with risks…

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Benzinga: How Families Can Better Prepare for Economic Uncertainty

As reported, the state of our economy has evolved from “everything’s fine, and there’s no inflation” to “ok, there is inflation, but it’s just transitory,” to “well, yeah, of course, inflation is here, and it’s going to be here for a while,” most Americans are starting to wake up to the fact that we’re already facing a dire economic situation…

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Benzinga: Why the Economy Will Remain Weak for Far Longer Than Anyone Is Admitting

I stopped at a coffee shop a few days ago after returning from a meeting. I got my coffee and quietly sat down at a small table in the back corner. I opened up my laptop to begin digging into the due diligence on a property I was considering as an investment. But before I could get into my stride, my attention was grabbed when I heard a pundit on a national news program, which I won’t name, loudly proclaim that despite the inflation you and I see in everything we buy today, our economy will bounce right back…

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Dentistry Today: TODAYS DENTAL NEWS: Are You Focusing On Financial Freedom Or The Tools That Get You There? – Part 1

Most of us are entrepreneurs at heart. We want “the good life” and will do what it takes to get “there.” Go hard, level up, hustle… But is grinding a virtue or a vice? I recently posted a meme in an outline dental forum: My definition of grind = friction, abrasion. This post received tremendous positive and negative feedback, with positive out rankings the negative by 3:1.

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