Feb 17, 2022

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.

Let’s dive into his story!

[00:01 - 09:39] Opening Segment

• The 401K highway to mediocrity
• The 4% rule
• How did Chris reframe it for people?
• • The hierarchy of investors

[09:40 - 18:49] Getting comfortable with alternative asset classes

• Get off your ass and manage your money!
• • ATMs
• Conventional investment categories
• • Liquidity
  • Asset protection
  • Leverage
  • Insurability and returns
• The disconnect of the stock market to the economy
• • What happened?
• Young earners and investors

[18:50 - 26:45] Crypto and Asset allocation

• What’s about this new hot stuff?
• • A once in a generation type of shift
• Some ways to think about balancing crypto
• How people respond to Chris
• Is it too late for someone to invest?

[26:46 - 31:46] Closing Segment 

• The eclipse of 401k
• Final Words
• Connect with my guest, Chris, in the links below

Tweetable Quotes

"Do you know how many Americans actually achieved a million dollars of net worth? 8%... That means 82% of the country will never retire. They’ll never get there [million dollar net worth].” - Chris Odegard

"One of the things I heard last time is, the illiquidity of Real Estate is positive.” - Sujata Shyam

"What if we can prevent someone from getting into 401k mediocrity?” - Chris Odegard

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Connect to Chris:

Shoot him a message: chris@jcesolutions.net

Learn more about The Prolific Investor and grab a copy of his book!

WANT TO LEARN MORE?

Connect with me through LinkedIn

Or send me an email sujata@luxe-cap.com

Visit my website www.luxe-cap.com or my YouTube channel

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