The Decade Play: Long-Game Investing in an Uncertain Market – Ep 13 Anna Kelley

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

The Real Art of High-Stakes Decision Making - Ep18 Mike Hambright

Mike Hambright—real estate entrepreneur, investor, educator, and founder of Investor Fuel—shares how his definition of success has evolved from chasing financial freedom to pursuing purpose, impact, and time freedom. This conversation explores decision-making, entrepreneurship, margin, legacy, and why building a life you love matters more than building a bigger business. Episode Links: Get David Phelps' Book: https://exitoptional.com [https://exitoptional.com] Connect with Mike Hambright: Investor Fuel [https://investorfuel.com/] FlipNerd [https://flipnerd.com/] Timecodes: 00:00 – Better Decisions, Better Life 04:20 – Why Entrepreneurs Must Fail Forward 08:45 – Taking Bigger Swings Without Bigger Risk 11:39 – The Trap of “More” 15:04 – From Money to Time Freedom 20:46 – Goals, Seasons & Life Changes 24:18 – Simplifying Life as You Grow 29:10 – Why Margin Matters 31:42 – What Success Really Means 33:51 – The Regrets That Matter Most

Time Is Dry Powder - Ep17 Zach Hoskins

What if success isn’t about doing more—but creating more freedom? David Phelps sits down with Zach Hoskins, entrepreneur, COO, and leadership coach, to discuss designing a life around intentionality, family, gratitude, and the belief that time—not money—is your most valuable form of dry powder. This conversation challenges conventional hustle culture and offers a refreshing framework for building a life you've already won. Episode Links: Get David Phelps' Book: https://exitoptional.com [https://exitoptional.com] Connect with Zach Hoskins: LinkedIn: https://www.linkedin.com/in/zachhoskins [https://www.linkedin.com/in/zachhoskins] Instagram: https://www.instagram.com/zachhoskins [https://www.instagram.com/zachhoskins] Facebook: https://www.facebook.com/zachhoskins [https://www.facebook.com/zachhoskins] X: https://x.com/zachhoskins [https://x.com/zachhoskins] Time Codes: 00:00 – Time Is Dry Powder 03:36 – Zach’s Military & Entrepreneurial Journey 05:30 – Designing a Compressed Workweek 11:15 – Fatherhood Changed Everything 14:47 – The Power of Free Time 16:55 – Money, Margin & Optionality 22:56 – If This Is As Good As It Gets 26:17 – The Five Freedoms Framework 29:11 – Purpose, Family & Unique Ability 30:18 – Advice for Young Entrepreneurs

Have You Built a Practice Too Valuable to Sell? - Ep16 Perrin DesPortes

How do You Build for Freedom Without Getting Trapped by Your Own Success? In this episode, Dr David Phelps sits down with Perrin DesPortes to unpack one of the most overlooked problems in dentistry today — the practice that's become too valuable for a clean, simple exit. If you've ever wondered how to transition your practice without taking a discount, handing it to a DSO, or getting trapped in a partnership that wasn't built to last — this conversation is for you. David and Perrin cover: * Why bank financing limits who can actually buy your practice — and what to do about it * The critical difference between a transaction and a transition * How to have the ownership conversation with associates before it's too late * Why agreement and alignment are not the same thing — and why confusing them could cost you everything * The profit sharing structure that rewards your partner without eroding your business * Why the emerging group practice space may be the biggest opportunity in dentistry right now The most expensive conversations in business are the ones you wait too long to have. This episode is the one that starts them. Episode Links: Connect with Perrin DesPortes: LinkedIn - https://linkedin.com/in/perrindesportes [https://linkedin.com/in/perrindesportes] Twitter - https://twitter.com/perrindesportes [https://twitter.com/perrindesportes] Get David's New Book - https://exitoptional.com [https://exitoptional.com] Episode Highlights: 00:00 Communication and Mentorship in Partnerships 01:33 Navigating Associate Relationships and Ownership Conversations 14:00 The Importance of Community in Business Ownership 18:40 Understanding Ownership Mindset in Young Associates 23:36 Navigating the Path to Partnership 28:19 The Complexity of Profit Sharing and Equity 33:58 Future Trends in Dentistry and Business Ownership 45:31 The Dream of Exiting a Business 46:12 Evaluating Readiness for Exit

The Fastest Learner Wins — And It’s Never Too Late to Start - Ep15 Daniel Louzanis

What if most of what we believe about education is wrong? In this episode, Daniel Louzonis—founder of The Einstein Blueprint, educator, entrepreneur, and former Wall Street trader—shares why traditional schooling leaves massive human potential untapped. From homeschooling and accelerated learning to entrepreneurship, screens, and social intelligence, Daniel explains how parents can help kids become self-driven learners prepared for the real world. Episode Links: Connect with Daniel Louzonis - https://www.einsteinblueprint.com/ [https://www.einsteinblueprint.com/] Get David's New Book - https://exitoptional.com [https://exitoptional.com] Time Codes: 00:00 – Why Traditional Education Is Failing Kids 03:01 – How His Son Went From Counting to Algebra 09:43 – Hard Work vs Talent & “DNA” 15:55 – The Biggest Mistakes Parents Make 20:05 – Why He Chose Homeschooling 25:28 – The Most Important Non-Academic Skills 29:26 – Raising Entrepreneurial, Independent Kids 33:12 – Building The Einstein Blueprint Academy 36:05 – The Future of Education & Mentorship 38:04 – Exit Optional Playbook