Eric Francom, a former dentist turned real estate mogul, shares his incredible journey from dental practices to financial freedom. He discusses how selling his practices quadrupled his net worth and propelled his passive income to six figures. Eric dives into the world of commercial real estate, private equity, and venture capital, emphasizing the importance of strategic investment and networking. He also offers insights into navigating today's economic challenges, urging listeners to explore niche opportunities for growth and wealth building.
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From Dentistry to Investing
Eric Francom, initially a dentist, felt limited by his profession and sought entrepreneurial freedom.
He opened four dental practices but found himself overworked and unbalanced, leading him to sell them to private equity.
volunteer_activism ADVICE
Finding Your Zone of Genius
Find your zone of genius and work with people who complement your weaknesses.
Seek financial freedom to pursue your true passions and purpose.
insights INSIGHT
The Meaning of Work
Working when you don't have to brings a different level of meaning and fulfillment.
Financial freedom allows you to focus on helping others achieve the same.
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Achieving Financial Freedom and Using That Freedom for Personal Growth and Higher Purposes
Eric Francom
Eric Francom's "Infinite Freedom" explores the journey from financial constraints to achieving true freedom in all aspects of life. The book emphasizes the importance of mindset in achieving financial goals and using financial freedom to pursue personal growth, strong relationships, and a higher purpose. It guides readers through practical strategies for building wealth and achieving financial independence. Francom shares his personal experiences and insights, offering a roadmap for readers to create a life of purpose and fulfillment. The book also delves into the concept of creating lasting legacies that continue to benefit others even after one's passing.
The happiness advantage
The Seven Principles of Positive Psychology That Fuel Success and Performance at Work
Shawn Achor
The Happiness Advantage challenges conventional wisdom that success leads to happiness. Instead, Shawn Achor presents evidence-based strategies showing that happiness is the precursor to success. Drawing on original research, including one of the largest studies of happiness ever conducted, Achor outlines seven practical principles such as the Tetris Effect, the Zorro Circle, and Social Investment. These principles help readers rewire their brains for positivity and optimism, leading to improved performance, creativity, and overall well-being in both personal and professional life.
Today's Flash Back Friday episode is from #609 that originally aired on Jan. 26, 2023.
Eric started his career as a dentist during which time he successfully owned and operated four dental practices that he in turn sold to a private equity group. After increasing his net worth four times since the sale of his dental practice, and increasing his passive income from $7k to over six-figures per month, Eric wanted to share his knowledge and teach others how to do the same. Eric has now diversified his wealth and investments in commercial real estate, private equity, and VC funds and helps advise others on how to do the same.
Quote: “Now I get to work, and I’m helping other people be able to get to work. Not just have to work.”
Highlights:
2:45: Introduction - get to know Eric Francom and his story into the investment world
10:54: Lessons learned from selling four dental practices
15:00: Private equity and VC deals in commercial real estate - where do you invest your money?
23:40: Investing in companies versus commercial/personal
28:45: How to “vet” new investment opportunities
Connect with Eric: ericfrancom.com
Recommended Resources:
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Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast.
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