33. Picking the Right Jockey on the Road to Success with The Debt Free Doctor, Jeff Anzalone
Jeff Anzalone is the Debt Free Doctor. He is a periodontist and became concerned that his family only had one source of income – so he learned how to build multiple streams of passive income and now he is helping others to learn as well. In this episode, Jeff discusses how he started learning about finance from Dave Ramsey and then moved on to learn from Robert Kiyosaki, how he screens sponsors and the importance of taking action.
Jeff talks about his research that showed him that 90% of millionaires own real estate and have at least seven different income streams. This led him to determine he needed real estate and needed more than his paycheck as an income stream.
Jeff mentions how he followed Dave Ramsey early in his journey and it helped him get out of debt and how he moved beyond Ramsey and the scarcity mindset to an abundance mindset that led him to real estate syndications.
Jeff discusses the three things he always asks sponsors when he is on a call screening an operator. He also mentions the importance of taking action – if you never take action you will never move forward.
Jeff explains how after the initial stages of the pandemic, hotel values dropped and he took advantage of the market conditions to invest in several hotels and through this he learned the value of being opportunistic.
Jeff also talks about some of the important metrics he looks at when evaluating a multifamily deal.
Podcasts he recommends:
Passive Investing from Left Field
Videos Jeff recommends during the podcast:
Hotel Investing Explained (Part 1)
Hotel Investing Explained (Part 2)
How to Legally NOT Pay Taxes - Tax Free Wealth
Jeff mentions The Ultimate Passive Income Guide and recommends The Hands-Off Investor by Brian Burke.
To connect with Jeff, you can email him at jeff@debtfreedr.com.
If you would like to contact Jim Pfeifer, you can email him at jim@leftfieldinvestors.com or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com.
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