Wealth Independence Podcast
The Wealth Independence Podcast guides high-income tech professionals through proven strategies for building passive income and achieving true financial independence.
Hosts Dustin Bailey and Adam Penn share battle-tested frameworks, real-world case studies, and hard-won lessons from their years of experience in private markets and alternative investments. Each week, they break down complex investment concepts, analyze current market trends, and interview successful investors and industry experts.
Through a freedom-first approach that emphasizes passive income, smart diversification, and thorough due diligence, learn how to shorten your learning curve and avoid common pitfalls on their path to financial independence.
Whether you're looking to understand private placements, real estate fundamentals, or alternative investment opportunities, Wealth Independence delivers actionable insights that help busy professionals make informed investment decisions.
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Interested in being a guest on the show? Reach out to us at guests@wealthindependencepod.com with a brief intro and any relevant topics you'd like to discuss.
Wealth Independence Podcast
Latest Episodes
v2.31 - No Investor Left Behind: 1031 Exchanges
A 1031 exchange (named for its section of the tax code) lets you roll real estate investment gains into a new property, deferring the tax and keeping all of your capital working. Dustin and Adam rank it as the second-biggest tax benefit in real...
v2.30 - The 80/20 Double Standard
Plenty of single-family investors have split a deal 50/50 with another partner and never thought twice about it. But put a passive syndication in front of them with an 80/20 LP/GP split, and the sponsor’s 20% suddenly becomes a dealbreaker....
v2.29 - 1,000 Investors, One Recurring Mistake (ft. Mike Sullivant)
Every deal that shows up in your inbox leads with the same summary: a projected return, a hold period, a market, an asset class. Comparing those side by side feels like diligence. But two deals projecting the same return can end in completely d...
v2.28 - Wall Street’s Hottest Trade Is Losing Money (On Purpose)
The Wall Street Journal is calling a new kind of tax-loss harvesting the hottest trade on Wall Street – funds built to deliver index-like returns with a smaller tax bill. Dustin and Adam read the coverage and land on a simpler summary: tax-loss...
v2.27 - No Investor Left Behind: Investor Splits, Waterfalls, and Preferred Returns
The first time you put money into a commercial real estate syndication, the way the profits get divided up can look surprisingly complicated – tiered splits, preferred returns, and something sponsors call a “waterfall.” It’s easy to read this c...
