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Why "Alternative Investments" Blow Conventional Investments Away With Chris Odegard

Aug 2, 2021

The Prolific Investor is Chris Odegard. 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. 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.

Let’s listen to Chris and learn more about why "alternative investments" blow conventional investments away.

 

[00:01 – 06:40] Opening Segment

  • Let’s get to know Chris Odegard.
  • Chris shares his background and how he got to where he is today.
  • The recovery journey.


[06:41 – 14:00] Why "alternative investments" Blow Conventional Investments Away

  • Chris talks about the difference between conventional and alternative investments.
  • The mountain of money theory
  • The hierarchy of investors.
  • The ability to use the leverage
  • The insurability.
  • The only advantage of conventional is the liquidity.


[14:01 – 25:29] Financial Education and Awareness

  • Chris talks about his blog and how he shares the financial idea.
  • Chris’s upcoming book titled “Get off your ass, and manage your money; why you need an alternative Investments.”
    • Steps by steps why alternative investments are better.
  • The importance of teaching the new generation about alternatives investments.
  • 4O1K vs. single-family rentals.
  • OPM benefits.
  • Educate yourself more on alternative investments.
  • The benefits of alternatives investing.
  • How Chris helps people to become aware of alternative investments.
  • Chris talks about the people that he is working with, especially the younger generation.

 

[25:30 – 30:55] Closing Segment

  • If your great-great grandkids are to write a book about you, how would you like it to be titled? 
    • He kept his commitments big and small.
  • The power of discipline.
    • If you have incredible discipline, you could do anything.
  • Connect with Chris
    • See the links below. 
  • Final words from Chris and me.

 

Tweetable Quotes:

“When something sounds too good to be true, don’t just run away from it, because it might be true.” - Chris Odegard.

“Yes, it requires more education, and you got to be smarter, but the benefits of alternative investments outweigh the extra work that's involved .” - Chris Odegard.

“If you have incredible discipline, you could do anything.” - Chris Odegard.

 

Find out more and connect with Chris on Linkedin, Instagram, Facebook and visit his websites at https://theprolificinvestor.net/.

 

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