A

In general, yes, a well-modeled, rock-solid business is the best return on investment. If you’re active in the business and it has the right infrastructure, systems, and processes, you’ll be earning a 50-100% return. For a passive owner investing in a business, a 10-20% return is considered very good.

So you have to decide if you want to be an active investor, putting your time in to earn that wealth. It’s fine to do that – and when you’re young, you need to. But the majority of private dentistry practice owners aren’t really great business owners. They’re great technicians and should be getting a good return on that investment, but it’s not at all passive.

Many times a small business or professional practice owner will try to duplicate whatever they’re doing in their one practice – trying to get the same results with a second one – but it just doesn’t work.

The reason why is that the systems, processes, HR, management, and leadership are missing. You, the owner, are used to doing everything and wearing all the hats, and you get stretched.

I want you to be more passive. You don’t need another job. If you’re the one actually doing the job, working with “your hands in the mouth” – that will be your best time value. 

But if you want to be more passive when it comes to building wealth, alternative investments and Real Estate are the best way. And there are so many different ways to invest in Real Estate. You don’t just have to buy equities, rental property, or fix-and-flips.

Because of the collaborations and synergies that we create in groups like Freedom Founders, finding the right (and very passive) investments is easily done. We are also a place where you can learn about the different asset classes and gain access to investments you otherwise wouldn’t.