Dr. David Phelps

Dr. David Phelps created Freedom Founders to help its members achieve the freedom they wanted in their lives by building the necessary financial foundation. While he was entrepreneurial as a kid, he still followed his father’s path into the dental field, 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. So he evaluated the revenue produced by his real estate investments and realized that could sell the practice and live off of his real estate—allowing him to spend more time with his daughter. Once he did that, other dentists started asking him what he was doing and how he was supporting himself after selling his practice, which led to many of them co-investing with him on new deals. This was the inception of Freedom Founders, and it’s been helping other people achieve the freedom they wanted ever since.

Retirement Side Gigs Report Reflects Signs of a Deeper Economic Crisis

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Recent data from Newsweek paints a troubling picture of retirement in America: Two in five retired Americans (41%) say they can’t support their ideal retirement, and while 92% of them don’t currently have a side gig, 60% wish they did. Meanwhile, 63% of Americans aged 50 and up who haven’t yet retired say they’re considering … Read more

Investor Panic Is Brewing—Why I’m Still Avoiding Wall Street and You Should Too

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investor panic

Investor sentiment—not fundamentals—is what drives financial markets today.  If you need evidence, just look at the past decade: we’ve seen stocks climb relentlessly despite sluggish earnings, geopolitical instability, and ballooning debt. But when sentiment shifts, even slightly, the air comes out of the balloon fast and hard. That’s precisely what we’re starting to witness right … Read more

Jobs Report Beats Expectations—But Real Estate Investors Shouldn’t Celebrate Yet

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jobs report

The April jobs report was just released, and on the surface, it looks like good news. Nonfarm payrolls came in higher than expected, which on the surface makes the job market look strong—especially considering we’re still dealing with inflation and elevated interest rates. It might seem like good news at first glance, but anyone who’s … Read more

U.S. Debt Hits Critical Point, Putting Our Entire Economy on the Brink of Disaster

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U.S. Debt Hits Critical Point, Putting Our Entire Economy on the Brink of Disaster by Dr. David Phelps

The U.S. national debt is rising by $1 trillion roughly every 100 days right now, which now stands at nearly $35.8 trillion as of 10/22/2024. To make matters worse, the Treasury has also drawn down its cash balance by $72 billion putting it over $275 billion in the red. The report spread like wildfire, especially … Read more

Avoid These 4 Common Investing Mistakes People Make in a Slow Economy

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Avoid These 4 Common Investing Mistakes People Make in a Slow Economy by Dr. David Phelps

You probably remember hearing all about the Titanic in great detail during history class. You might remember how this ship was described as the epitome of luxury and had been deemed unsinkable by its creators. You know the latter very clearly turned out not to be the case. But even as the massive ship was … Read more

Where ‘Smart’ Money Is Going As the Economy Declines

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Where ‘Smart’ Money Is Going As the Economy Declines - Dr. David Phelps

Despite most TV pundits loudly proclaiming over the last few years that the US economy is strong, inflation is just transitory, and capital is plentiful, they’ve finally started to admit what the average American already knew years ago—our economy is in a disastrous position. The fact of the matter is that our economy is not … Read more