Choosing Uncertainty: Owning Your Decisions In A Changing World - Ep 19 Patrick Precourt

The Great Filtering: Risk, Trust & the Return of Fundamentals - Ep 23 Scott Corbett

Most investment mistakes don't begin with bad spreadsheets. They begin with bad psychology. Scott Corbett has spent decades working behind the scenes with real estate operators, capital raisers, and entrepreneurs. In this conversation with Dr. David Phelps, he shares what he's learned about evaluating trust, managing risk, and why the best investment decisions often have more to do with character than projections. The discussion moves beyond investing into something every successful business owner eventually faces: identity. Scott opens up about his own decision to step away from the business he spent twenty years building, the unexpected emotions that came with that transition, and why many entrepreneurs struggle to give themselves permission to imagine a different next chapter. Whether you're evaluating investment opportunities, preparing for an eventual exit, or simply trying to build a life with more intentionality, this episode offers practical wisdom on making decisions that extend well beyond money. EPISODE LINKS: Connect with Scott Corbett: https://scottcorbett.com [https://scottcorbett.com] Scott on LinkedIn: https://www.linkedin.com/in/scottcorbett/ [https://www.linkedin.com/in/scottcorbett/] Get David's book, The Exit Optional Playbook: https://exitoptional.com [https://exitoptional.com] Time Codes: 00:00 — Why Better Investors Ask Better Questions 04:11 — How Sophisticated LPs Have Changed 10:32 — Why Marketing Has Shifted from Returns to Risk 17:03 — What Great Operators Have in Common 21:01 — Can You Actually Measure Character? 26:40 — When Success Becomes an Identity Trap 30:32 — Giving Yourself Permission to Enter a New Season 33:10 — Breaking Through Major Life Decisions 36:02 — Why Every Entrepreneur Needs Trusted Advisors 37:48 — The Hidden Cost of Carrying All the Responsibility 40:08 — Writing the Story of Your Next Chapter

Today Is Your Someday - Ep22 Jim Palmer

"On redefining success once you stop chasing a finish line" Success isn't the finish line—it's the beginning of a more intentional life. David Phelps sits down with entrepreneur, author, and Dream Business Mastermind founder Jim Palmer to discuss purpose beyond business, redefining retirement, creating time freedom, and why the best chapter of life begins when you stop waiting for someday. Connect with Jim Website - https://www.getjimpalmer.com/ [https://www.getjimpalmer.com/] LinkedIn - https://www.linkedin.com/in/jim-palmer-dream-business-coach-900a75/ [https://www.linkedin.com/in/jim-palmer-dream-business-coach-900a75/] Get David Phelps’ Book - https://exitoptional.com [https://exitoptional.com] Join David Phelps' Workshop - https://www.freedomfounders.com/freedom-number-method-workshop/ [https://www.freedomfounders.com/freedom-number-method-workshop/] Timecodes: 00:00 – Life After Success 02:09 – Redefining Retirement 09:15 – Finding Purpose Without Pressure 13:11 – Lessons From Slowing Down 20:50 – Identity Beyond Business 25:07 – Advice for Your Younger Self 27:49 – Stop Waiting for Someday 31:21 – Health, Energy & Longevity 35:14 – Money, Marriage & Meaning 39:54 – Today Is Someday

Why Your Best Skills Become Your Worst Investments - Ep21 David Leiter

"A Wall Street insider on choosing temperament over intelligence — and how your best business instincts work against you" Successful business owners often become poor investors for one simple reason—they bring the wrong mindset. David Phelps sits down with investor and author David Leiter to unpack timeless investing principles, avoid costly mistakes, manage emotions through market cycles, and build lasting wealth through productive assets instead of hype. Episode Links: David Leiter's website - https://www.theultimateinvestor.com/ [https://www.theultimateinvestor.com/] Pre-order David Leiter's book - https://www.amazon.com/Stop-Making-Stupid-Investments-Wealth/dp/1394377657 [https://www.amazon.com/Stop-Making-Stupid-Investments-Wealth/dp/1394377657] Get David Phelps’ Book - https://exitoptional.com [https://exitoptional.com] Join David Phelps' Workshop - https://www.freedomfounders.com/freedom-number-method-workshop/ [https://www.freedomfounders.com/freedom-number-method-workshop/] Timecodes: 00:00 – Why Smart People Make Bad Investments 03:16 – Business Success vs Investing Success 09:24 – Evaluating Private Investment Deals 15:12 – Hype, Ego & Investment Scams 19:48 – The Power of Long-Term Compounding 23:57 – Real Estate Lessons & Market Cycles 31:39 – Debt, Risk & Protecting Wealth 37:03 – Investing vs Speculating 40:22 – Today's Biggest Investment Mistakes 45:35 – Building Real Wealth That Lasts

Unstoppable After 50 - Ep 20 Mike Capuzzi

Mike Capuzzi—entrepreneur, author, publisher, and host of the Unstoppable After 50 podcast—shares what happens when success stops being about building more and starts being about living better. This candid conversation explores purpose, family, health, relationships, and why the second half of life may be the most meaningful chapter yet. Episode Links: Get David Phelps’ Book - https://exitoptional.com [https://exitoptional.com] Connect with Mike Capuzzi: Website - https://mikecapuzzi.com/ [https://mikecapuzzi.com/] Unstoppable After 50 Podcast - https://unstoppableafter50.com/ [https://unstoppableafter50.com/] Timecodes: 00:00 – Intro 02:41 – What Am I Building It For? 06:53 – Building a Business That Has Value 09:56 – The Real Definition of Wealth 16:50 – Health, Fitness & Longevity After 50 22:13 – Why Relationships Matter More Than Ever 29:07 – Marriage, Family & Life Transitions 33:04 – Timeless Advice for Younger Generations 34:12 – The Biggest Mistakes After 50 36:18 – Finding Purpose Beyond Success

Choosing Uncertainty: Owning Your Decisions In A Changing World - Ep 19 Patrick Precourt

"A COMFORT ZONE IS A LIE YOU SELL YOURSELF" In this conversation, David and Patrick get into what actually separates good decision-makers from poor ones — and why the moment you feel most certain is often the moment you're most exposed. They unpack why elevated emotion gives a false signal of clarity, why indecision is itself a decision you're responsible for, and why you can't hold control over your life without owning the outcomes that come with it. From there the conversation turns to the next generation: what feels fundamentally different for young people today, why struggle and friction are the very things we've engineered out of modern life, and what it costs to protect people from the hard things that actually build them. And underneath all of it sits the question: when the ground keeps moving and certainty is gone, where does real stability actually come from? It's a conversation about decisions, ownership, and the difference between standing still and standing your ground. Patrick Precourt is an investor, author, and onetime rugby player and fighter. He bought his first property at 25 and went on to close more than 1,000 deals before helping build the real estate education company FortuneBuilders. Then he walked away from it to study human behavior — and now helps entrepreneurs get unstuck and reach goals they'd written off as impossible. EPISODE LINKS: Get David Phelps’ Book: https://exitoptional.com [https://exitoptional.com] Connect with Patrick Precourt:  Website — patrickprecourt.com [http://patrickprecourt.com] Instagram — @patrickprecourt (instagram.com/patrickprecourt [http://instagram.com/patrickprecourt]) Facebook — facebook.com/patrickprecourt [http://facebook.com/patrickprecourt] CONVERSATION HIGHLIGHTS: 01:06 — The decisions that actually shape a life — career, marriage, scaling, partnering, selling, leaving 02:45 — What separates good decision-makers from poor ones 04:12 — Why feeling certain makes you most vulnerable, not most powerful — the adrenaline trap 05:26 — Rehearsing decisions before the pressure hits 07:17 — Is it permanent or reversible? Why the cost of delay can outweigh a wrong call 09:45 — You can't separate the power from the responsibility 10:14 — Making the right decision and still getting the wrong outcome 13:02 — The next generation: what feels fundamentally different for young people today 15:57 — Does everyone need college? AI as leverage, not replacement 20:09 — The case for gap years, skin in the game, and why we delay kids "adulting up" 25:31 — The harder truth about parenting: protecting kids from the struggle that builds them 28:11 — The paradoxical comfort zone — trading fulfillment for a false sense of safety 29:47 — Why we bury our heads when the next mountain appears 30:47 — Ownership and agency: "if you don't own it, you can't control it" — even in a W-2 role 33:00 — Change the system, not the person — why mediocre output is a system operating perfectly 35:33 — The skill that'll matter most over the next 10–20 years: emotional intelligence