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Real Estate Runway - Chad Sutton - Insta
S1E57: The Advantages of Alternative Investments with Chris Odegard
June 8, 2022 29min
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Episode Description

Chris Odegard is here with us today to discuss the hierarchy of investors and how different types of investments are advantageous. He explains that, as an individual investor, it is important to understand the advantages and disadvantages of each type of investment in order to make informed decisions. Chris also emphasizes that individuals need to learn how to invest for themselves and become smarter about their finances in order to achieve wealth over time. He gives the example of commodities and performing debt notes as two alternative assets that can help people build wealth over time.

Chris Odegard is The Prolific Investor. Chris is an average guy who had a white-collar job in the corporate world and followed the only thing he knew for decades, conventional wisdom and conventional investments. This worked relatively well until 2009 when he experienced an illiquidity event where he lost 55% of his assets and thousands of dollars per month in cash flow. Then, Chris read Robert Kiyosaki’s Rich Dad Poor Dad, and his mind was opened to a different type of investing, investing in real assets and private deals mostly insulated from the volatility, risk, and taxation of the stock market. In just nine years, Chris recouped the 55% he had lost and multiplied it many times over.

Tune in to learn more about Chris’s alternative investment strategies!

[00:01 - 08:13] Opening Segment

  • Introducing Chris to the show

  • From engineer to multifamily investor
    Brief background

  • Chris’s book, “Get Off Your A$$ and Manage Your Money”

[08:14 - 14:40] Alternative and Conventional Investments

  • Alternative investment versus conventional investment

  • The four asset classes

  • Paper
    Commodities
    Real assets
    Private shares of small businesses

  • What is the conventional investing wisdom and why it doesn’t work with the 92% of Americans

[14:41 - 19:41] Alternative Assets

  • Higher returns on alternative assets

  • Depreciation is a built-in tax advantage

[19:42 - 26:38] Lightning Round

  • What is your superpower?

  • Taking complex things and then bringing them down to 1-page infographics

  • What is your biggest failure?

  • Not diversifying assets

  • Chris’s book, “Get Off Your A$$ and Manage Your Money

  • The four asset classes, the hierarchy of investors, and more
    See the links below to know more!

[26:39 - 29:24] Closing Segment

  • See the links below to know more about Chris

  • Final words

Quotes:

"When you get to where you have a little money, you're in the best position ever because everyone needs operators. But when you're the one with the money, you have a lot of ability to go and make money without doing anything." - Chris Odegard

"So when I was first on this journey, I was very enamored with private equity. So this is buying private shares of small businesses. And as we've all heard, the majority of startups fail." - Chris Odegard

You can connect with Chris through LinkedIn and Facebook, or you can visit www.TheProlificInvestor.net. Have a virtual coffee with Chris! Click here to know more.

LEAVE A 5 STAR REVIEW + help someone who wants to explode their business growth by sharing this episode. Find out how team Quattro can help you by visiting www.TheQuattroWay.com.

Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton.