#61 - The Prolific Investor - Challenging Conventional Wisdom with Chris Odegard

Chris is an average guy who had a white-collar job in the corporate world and followed the only thing he knew for decades, conventional wisdom and conventional investments. This worked relatively well until 2009 when he experienced an illiquidity event where he lost 55% of his assets and thousands of dollars per month in cash flow. Then, Chris read Robert Kiyosaki’s Rich Dad Poor Dad, and his mind was opened to a different type of investing, investing in real assets and private deals mostly insulated from the volatility, risk, and taxation of the stock market (alternative investments). In just nine years, Chris recouped the 55% he had lost and multiplied it many times over and now shares his experience and knowledge with you through this alternative investment blog at TheProlificInvestor.net.

Ideas that we discuss in the episode include:

• Conventional investing wisdom and pros and cons
• Alternative investments and pros and cons
• The problem with 401Ks and IRAs
• Why a single family rental is a better investment than a 401K
• How quickly you can build wealth with alternatives

Thank you as always to this week's sponsor, CityVest: https://bit.ly/37AOgkp