Truly Passive Income6 Nov 2023

How To Avoid The 401k Highway To Financial Mediocrity with Chris Odegard

Chris Odegard joins us in today’s episode to talk about the world of alternative investments and why they outperform conventional options. Don’t miss out on his insights on various real estate asset classes, limited partnership advantages, and essential tips for investing with your 401k.

Key takeaways to listen for

[07:51] Why alternative investments are better than conventional ones
[12:26] The benefits and risks of diversifying your investments
[14:06] What is the best first investment strategy for beginners
[18:05] Chris’ expert opinions regarding different real estate asset classes
[25:35] Advantages of joining communities for investors as a limited partner
[32:42] Important things you need to know about investing with your 401k

Resources mentioned in this episode

[07:56] Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki | Kindle and Paperback
[24:54] Left Field Investors
[35:20] Get off Your A$$ and Manage Your Money by Chris Odegard | Paperback

About Chris Odegard

Chris is The Prolific Investor. He 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 investment. 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, his mind was opened to a different type of investing after reading Robert Kiyosaki’s Rich Dad, Poor Dad. In just nine years, Chris recouped the 55% he had lost and multiplied it many times over and now shares his experience and knowledge through his book Get off Your A$$ and Manage Your Money: Why You Need Alternative Investments and his alternative investment blog at TheProlificInvestor.net.

Connect with Chris

Website: The Prolific Investor

YouTube: Truly Passive Income

TikTok: @trulypassiveincome

Instagram: @truly_passive_income

Facebook: Truly Passive

Twitter: @trulypassive

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