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Chris describes himself as 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 (alternative investments). In just nine years, Chris recouped the 55% he had lost and multiplied it many times over and now shares his experience and knowledge with you through this alternative investment blog at TheProlificInvestor.net.
I ask Chris about the conventional investing wisdom and why it doesn’t work?
We look at knowing it doesn’t work then why is everyone doing it?
What are alternative investments and aren’t alternative investments meant to be risky?
Are alternatives better than conventional investments?
What types of people invest in alternatives?
Chris explains what’s wrong with 401Ks and IRA?
What’s the best way for someone to learn more about alternatives and get started?
How quickly can you build wealth with alternatives?
Chris shares his about his book “Get off Your A$$ and Manage Your Money: Why You Need Alternative Investments.”
To learn more about Chris and his work go to The Prolific Investor