Our mindset is to believe this – but is bigger really better?
Bigger means expanding your current operations, adding capacity, or multiplying with additional practices.
“Bigger” can be better, but usually it isn’t.
Most of the time, those who focus on getting bigger end up on a hamster wheel, in that their net profits go down and their overhead goes up.
Adding additional operations may be a good thing in some cases, but you have to be discerning as to whether or not it’s right for you.
For most people, expanding is not the way to go.
Maybe people believe that getting free has to do with making more money.
And yes, we have to have a certain amount of money.
In Freedom Founders, getting free has to do with having more passive cash flow to replace your active income.
Before you expand your operations, think about this …
When most people reach a certain point in their career, they are looking for more time rather than more money.
Time is a commodity that you can never buy back.
Once it’s gone, there’s nothing you can do.
With money, you can always make more of it.
You need to have money, you need to make a net profit, and you need money to invest – but what you really need is time.
With time, you can reduce your stress levels, focus on your health, and spend more time with your family.
Before expanding your business, think about how much time you have, and what’s really important to you.
Usually, in a single business or practice, there is so much that can be optimized.
On the investment side, many doctors work hard, but don’t take care of their money.
A third party financial investor can help you accumulate more money, but not produce cash flow – and it’s really all about cash flow.
If you can produce cash flow from your investments and multiply that, then that is what gives you 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. Grab the first 3 chapters of my latest book:
“From High Income To High Net Worth – For Dentists.” The Ultimate guide for anyone who desires to build sustainable lifetime passive cash flow and net worth through real estate investment without ever meeting a tenant or fixing a toilet. Visit www.freedomfounders.com/free-book-chapters and start reading.
2. Become an Insider:
If you’re committed to Freedom, but still building a practice, paying down school debt, or growing investment capital, Freedom Insider is your entrance ramp onto the fast track! Visit www.freedomfounders.com/insider and click the big orange “Become An Insider” button!
3. Apply To Visit The Mastermind:
If you’d like to join dozens of dentists, docs, and practice professionals on the fast track to Freedom (5-7 years max), visit www.freedomfounders.com/step-1 to apply for a seat.
4. Want to Move to the Front of the Line? Fast Access Insider Group:
If you’d like to work directly with me and a small group of my closest investment colleagues, with direct access to the dealmakers and asset classes that I invest in, just send a message to my Executive Assistant (Lindsey@FreedomFounders.com), and put “Fast Access” in the subject line. Or, call 888-548-5855 and leave a brief voicemail for Lindsey. Let her know you’re interested in the Fast Access Insider Group – we’ll set up a time to talk, find out about your goals, and see if there is a fit.
