Chris Odegard on How to Build a Profitable Investment Portfolio Outside the Stock Market
Chris Odegard’s journey from conventional investing to alternative strategies exemplifies the power of open-mindedness, resilience, and continuous education. His success story is not just about recovering from financial loss but about embracing an entirely new way of thinking about money. By investing in real estate, specifically through syndication, he has been able to generate impressive returns, reduce his tax liabilities, and achieve a level of financial independence that would have been difficult to attain through traditional investment methods. Join us as we bring back this episode from Giving Kredit Podcast.
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Show Notes
We’re bringing back one of our favorite episodes packed with an inspiring journey of Chris Odegard as he took a transformative turn when he lost 55% of his assets in his mid-40s, prompting him to explore alternative investment strategies. Inspired by Robert Kiyosaki’s Rich Dad, Poor Dad, Odegard shifted from traditional investing methods, such as stocks and 401(k)s, to real estate, particularly focusing on duplexes, apartments, and self-storage through syndication. His new approach not only helped him recover his losses but also generated impressive annual returns of over 20%, alongside strategic tax benefits, including paying zero taxes in 2019. This success solidified his belief in the power of alternative investments and the importance of an open mind when considering financial opportunities.
In addition to his personal achievements, Odegard wrote a book titled Get Off Your Ass and Manage Your Money, which critiques traditional investment methods and advocates for more effective tax strategies and alternative approaches like real estate syndication. The book compares conventional and unconventional investment options, helping readers understand why 401(k)s and the stock market may not be ideal for long-term wealth-building.
For those looking to explore alternative investments and gain insights from his experiences, Chris offers valuable resources through his website. If you’re ready to take control of your financial future, book a free virtual coffee chat with him to discuss investment strategies and gain personalized advice and start your journey towards smarter, more profitable investments.
This is a replay of our Giving Kredit Podcast, and we’re thrilled to share it again with you!
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