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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Wealth Independence Podcast
v1.47 - Gratitude, Freedom, and Hard-Won Lessons
In this Thanksgiving special, Dustin and Adam step back from deal analysis to reflect on gratitude, freedom, and the mistakes that shaped their investing journey. They discuss critical lessons learned the hard way, including the challenges of investing out of state too early and why property size can matter more than cap rates when factoring in real costs like travel and management.
Adam shares insights from investing in smaller out-of-state properties versus larger multifamily assets, explaining how economies of scale affect everything from travel expenses to operational efficiency. The discussion explores what freedom and independence really mean beyond financial metrics, emphasizing the importance of building networks through conferences and masterminds that create unexpected opportunities.
Episode Release Notes & Resources:
- Book recommendation: The Gap and The Gain, Dan Sullivan and Benjamin Hardy (https://a.co/d/aHvCAoZ)
Watch episode on YouTube: https://www.youtube.com/watch?v=Ws3wU3Qr12w
See all Wealth Independence episodes at https://www.wealthindependencepod.com
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This show is for informational purposes only and is not financial, investment, legal, or tax advice, and does not constitute an offer to buy or sell securities. All investments carry risk, and investors should always conduct thorough due diligence and consult with qualified professionals before investing.
