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Apr 19, 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 in!

 

[00:01 - 04:38] Opening Segment

  • Chris Odegard is back on the show!
  • Old Adage: If it’s something too good to be true, it probably is
    • Chris talks about an in-service transfer he did with his 401k 

 

[04:39 - 11:04] Grow Your Wealth through Tax Management

  • Chris’ motivation behind moving out of 401k and into real estate
  • Wealth building does not happen by magic 
  • Real Estate Returns and After-Tax Benefits Explained
  • The process of taxation from moving from Self-directed IRAs to 401ks

 

[11:05 - 12:59] Closing Segment 

 

Grab your copy of Get off Your A$$ and Manage Your Money!

Want to connect with Chris? Visit TheProlificInvestor.net or you can send him a DM via Instagram, Facebook, Twitter, and LinkedIn.  Learn more from Chris by subscribing to his YouTube channel.



WANT TO LEARN MORE?

 

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

 

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

 

Thanks for tuning in!  

 

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Tweetable Quotes

 

“There are better returns outside the stock market, and frankly, better tax event benefits outside of the stock market.” - Chris Odegard