Are You A Prolific Investor? Chris Odegard The Employee To Investor Transformation

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 16 April 2021

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Are you a prolific investor?

We interview Chris Odegard about his story of going from employee to full time investor.

He talks about how he learn to be a smart investor, books he has read, and why he invests in alternative investments.

Chris had some investments even I had not considered. This interview was a real eye-opener. He also talks about his hierarchy of investors.

For more information, visit the show notes at https://moneytreepodcast.com/prolific-investor-chris-odegard

^{Today's Panelists:}

^{Kirk Chisholm | Innovative Wealth}
^{Barbara Friedberg | Barbara Friedberg Personal Finance}
^{Megan Gorman | The Wealth Intersection}

Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.7	Stock market, wealth, personal finance, value stocks, invest in your life.
0:11.1	Hello, Smart Money Tree Podcast listeners.
0:13.0	Welcome to this week's show.
0:14.5	My name is Kirk Chisholm and I am going to be your host.
0:17.2	So this week we have Chris Odegaard on the show.
0:19.9	Hey, Chris.
0:20.6	Hi, how are you, Kirk? Good. Well, glad to have you in the show. We wanted to bring Chris on because he's going to be talking about a topic that's near and dear to my heart dealing with alternative investments. I know a lot of our listeners love to hear about these topics. So I wanted to bring Chris on because, you know, want to hear Chris's story and how you get involved with alternatives.
0:38.0	So Chris, maybe you can tell us a little bit about your background, how you get into investing.
0:42.6	Today I write an alternative investment blog, and I go by the name of the prolific investor,
0:46.7	but I wasn't always the prolific investor. You know, I grew up in the suburbs of Cincinnati,
0:51.8	a little town called Forest Park, Ohio, and middle-class family.
0:56.2	And there I learned, you know, exactly what my parents learned, which was what I call the
0:59.6	conventional wisdom to invest in a balanced portfolio of stocks, bonds, and mutual funds through
1:05.4	401ks and IRAs and get a degree, get a job with a steady paycheck and a pension and life will be great.
1:14.5	That's what I did for quite a few decades and it worked relatively well.
1:19.4	And 2008, 2009 timeframe, I experienced what I'll politely call a life event where I lost
1:26.6	55% of my assets, a whole bunch of monthly
1:30.1	income. A friend of mine around that time had introduced me to a book and suggest I read it
1:36.3	and it sat on my shelf for longer than I care to admit. And then I was on a business trip traveling.
1:43.2	I said, okay, I'm finally going to
1:44.2	read this book. And I did. And it was Robert Kiyosaki's rich dad, poor dad, of course, which
	...

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