by Dr David Phelps
Why does it have to be forced upon us by the holidays to take the time to cherish our loved ones and prioritize our time with them?
We are in the thick of the hustle and bustle of the holiday season.
During this time, we typically shut down the business or practice for days, at least before and after Christmas, and maybe for an entire week. Yet, we’re just as busy if not more.
We get together with family and friends we don’t see very often. Christmas parties, get-togethers, and events. It's a time of joy and celebration, as it should be.
Yet it's only for a short period of time. Then January 2nd, 3rd, or 4th hits, and it's back to the same old grind.
We all get those same feelings. It’s inevitable. I’m not trying to create disappointment right before the holiday season. I’m trying to get us to think ahead.
Why go back to the same old way of doing things in 2025?
How will your 2025 be different from previous years? Do you have a plan for significant evolutions personally and professionally?
If the focus is on passive income, how much will it increase in 2025? And how will more passive income translate to more time doing what you actually want to do?
Don’t let another year pass by and miss out on the opportunities to make memories and spend quality and quantity time with your family.
Why does it have to be forced upon us by the holidays to take the time to cherish our loved ones and prioritize our time with them?
My Wake Up Call Can Be Yours
Twenty years ago, I had a profound wake-up call.
It came after several years of ignoring warning signs. My daughter went through several major health crises, and by age 12, she had a liver transplant.
When she was in the hospital recovering, I had nothing but time to think. Circumstances forced me to take time away from my practice to be there with her.
I was still going back and forth from my practice, needing to make money and financially stabilize my family, but I wanted to be with my daughter, too.
The thought that kept coming back to me in that still, quiet room with her was… Which is more important?
It’s at the edge of our thinking during or near the end of the holiday season. You love being with your family. It’s a special time. The moments you get to create and capture with photos and videos during that time are cherished for the rest of your life.
But is that all you want to have? Just images and videos of a couple of days every year? What if you could live that regularly throughout the year? And not feel guilty about taking the time off to do it?
Imagine being at their soccer games, recitals, having date nights, or even a four-day weekend trip with your entire family. Just take the kids out of school and go.
Why do we feel like we can’t do that? Is it the money? Is it the guilt or insecurity of “needing” more?
That’s the way it was for me.
My daughter's circumstances forced me to rethink everything. Next to her hospital bed, I came up with the freedom number. I realized, then, the importance of creating multiple income streams outside our “Plan A” career choice. Without it, you can’t create optionality, the choice and freedom we all want.
I could have gone back to dentistry after my daughter’s health crises. It’s a great profession. But I didn't have to. And I chose not to.
What’s More Money Compared with More Time?
When you get to do what you want to do, the way you want to do it with the people you want to do it with… That’s freedom.
I'm not talking about leisure. I'm talking about building something that impacts people’s lives, solves problems, creates solutions, or introduces new ways of doing things. I'm talking about being productive and serving in a way that doesn’t take over your life but drives it to new heights.
You can make these shifts in your life. You don’t have to be chained to one career or way of doing something your whole life. But you must be intentional about your decisions.
I do this with our Freedom Founders members at our blueprint weekends. I focus on their specific assets and restructure the puzzle pieces to create the financial stability to support their defined vision for their lives and pursuits. We help drive them to their freedom way sooner than they ever thought possible.
If you're sitting on that edge right now, wondering, “How can I do this? Is it even possible?” I'm telling you it is. You just need direction, a blueprint, and permission to abandon the traditional path for something more effective.
I’ve been working on a new book, Scaling Time vs. Wealth, to be released at the end of this year.
It goes against all the paradigms of work, work, work, and accumulate money on Wall Street. Many have learned the hard way that the traditional retirement model is not a path to true freedom, at least not anytime soon.
We are offering free copies of my new book now. You can preorder your copy by clicking here.
Particularly during this holiday season with your family, I encourage you to think about creating more time vs wealth in your life. What might it mean to have that freedom sooner, not later?
With the New Year approaching, it's a time for new choices. New decisions. Will you choose to work towards your freedom?
To your freedom!
– David
P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :
1. Schedule a Call with My Team:
If you’d like to replace your active practice income with passive investment income within 2-3 years, and you have at least $1M in available capital (can include residential/practice equity or practice sale), then schedule a call with my team. If it looks like there is a mutual fit, you’ll have the opportunity to attend one of our upcoming member events as a guest. www.freedomfounders.com/schedule
2. Become a Full-Cycle Investor:
There are many self-proclaimed genius investors today who think everything they touch turns to gold. But they’re about to learn the hard way what others have gained through “expensive” experience. I’m offering a free report on how to become a full-cycle investor, who knows how to preserve and grow capital in Up and Down markets. Will you be prepared when the inevitable recession hits? Get your free report here.
3. Get Your Free Retirement Scorecard:
Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Click here to take the 3 minute assessment and get your scorecard.