
by Dr David Phelps
Want to succeed faster?
Stop being the smartest person in the room.
Instead, put yourself in rooms where others know more, have achieved more, and can push you further.
Why This Works
You don’t know everything. No one does. Hard work alone won’t get you to the next level—strategic learning and networking will.
Surround yourself with people ahead of you in business, wealth, health, and life. Their knowledge will fast-track your success.
Science backs this up. The Dunning-Kruger Effect describes that higher competency is closely associated with recognizing how much you don’t know, while lower competence individuals often overestimate their abilities.
A 2016 study in The Journal of Positive Psychology found that people with higher intellectual humility—acknowledging their limitations—are better at problem-solving, decision-making, adapting, and collaborating well with others.
Do you want to be competent? Better at problem-solving and making decisions? You must surround yourself with people who are smarter than you. Always.
I learned this firsthand. Early in my career, I tried to figure everything out on my own. I worked long hours, thinking sheer effort would get me there. But when I finally invested in a mastermind group, everything changed.
I gained insights, strategies, and connections I would never have found alone. My success accelerated because I was learning from those who had already walked the path.
How to Apply It
- Join high-level groups—masterminds, coaching programs, and professional networks.
- Be willing to invest—time and money into learning from those ahead of you.
- Ask better questions—absorb insights, take action, and level up.
- Be coachable—drop the ego and learn from those who’ve already done it.
Make the Right Investments
I invest six figures annually in personal growth because it accelerates success. I didn’t start there—I started small and scaled up. The more I invested, the faster I grew.
This isn’t just true for me.
Studies on mentorship and networking show that people who engage with those more experienced than themselves earn, on average, $15,000 to $30,000 more per year than those who don’t. Exposure to high-achieving peers significantly improves personal success outcomes (National Bureau of Economic Research).
One of the best decisions I ever made was joining a high-level mastermind. It wasn’t cheap, but within months, the return on investment was undeniable—not just in financial terms, but in mindset shifts and personal development.
Becoming a better leader and person is where the real leverage comes from in life. It's not always about doing great things. It's who you become in life, and I can't become a better person unless I put myself around other people I can learn from.
Take Action Now
- Find and join a group where you’re not the expert.
- Seek mentorship and guidance from those ahead of you.
- Implement what you learn—knowledge without action is useless.
The fastest way to grow is to put yourself in the right rooms. Ready to step up?
An Invitation to the Right Room
We are opening up just a handful of seats to our exclusive Freedom Founders event later this March for practitioners and business owners interested in creating ‘Plan B' income in less than 24-36 Months… without becoming landlords or handcuffed to the stock market.
Hosted in the heart of our nation’s freedom, Washington, DC, this is a private 2-day deep dive on what our community of successful dentists, doctors, and business owners are doing to:
– Break free from their practice and stop missing out on family memories.
– Invest and reallocate capital in today’s real estate and alternative asset market.
– Connect and learn from peers who are currently investing for passive income.
– Buy back your time and autonomy to live life and operate the business solely the way you want to.
If you share these goals, then learn more and Apply for Your Seat Now by Clicking Here.
It's not always about doing great things. It's who you become in life...
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.