Business Owner vs Employee? Which is Better? | Dr. David Phelps

In today's episode, Dr. Phelps explains the difference between business owner vs employee and asks the question, "Do you have a business or a job?" Do you know if your dentistry practice will provide you the capital that you need to "retire"? Many dentists put their retirement hopes on the money they'll make from the sale of their business, but in reality, most of the worth of your practice actually comes from YOU as the sole practitioner. And as the markets continue to cycle up and down, are you really certain it'll be enough for your retirement?
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#businessowner #employee #DavidPhelps

[@drdphelps]

What else would you like to know about investing in a future video? Here is a great key freedom strategies playlist I made for you! kzbin.info/www/bejne/qpWWnnSPgcZ4ZtU

[@monicanajar1746]

Thank you

[@robertkarr9792]

Thanks David.

[@nalcow]

We are not taugh to be owners. As you say there is not anything inherently wrong with being an expert, indeed that is a good service to society. But if we want to think about financial freedom we need to talk about ownership.

[@drdphelps]

Luis, that is exactly right, and exactly what we teach in Freedom Founders. Wealth is what you own, not what you do. Turning your income to wealth, through investing, is key in order to increase your passive cash flow to the point of replacing your monthly earned income, which is when you obtain your financial freedom. Thanks for your comment!

[@marketingempiregroup]

This is great work. We’d love to showcase it and possibly do a collaboration. 🤙🏼🚀