The investments that performed well during the era of cheap money may carry far more risk today—even when the projected returns still look familiar.

In this episode, I sit down with longtime real estate investor and former private banker Anna Kelley to examine what higher interest rates, a weakening labor market, and the growing wall of maturing debt could mean for everyday investors. Anna explains why the Federal Reserve is caught between persistent inflation and recessionary pressure—and why waiting for rates to simply “go back down” may not be a sound investment strategy.

We also look closely at multifamily real estate, where rising rates have erased 40% or more of the value of some properties. Even experienced operators are struggling to refinance debt, preserve investor capital, and hold assets together. The problem is not always poor execution. Sometimes the economic assumptions that made a deal work have fundamentally changed.

Most importantly, Anna translates the economic headlines into decisions investors can actually make. We discuss how to determine whether a prospective return adequately compensates you for the risk, why liquidity and diversification deserve renewed attention, and when protecting capital matters more than pursuing another double-digit return.

This conversation ultimately goes beyond markets. Anna shares how financial margin gave her the ability to step away from work when her health and family needed her. Because the real purpose of liquidity is not to win an argument about portfolio allocation. It is to preserve your ability to respond when life refuses to follow the plan.

EPISODE LINKS:
Learn more about Anna Kelley: https://annakelleyinvesting.com/

Learn more about Freedom Founders: http://FreedomFounders.com

HIGHLIGHTS:
00:00 – Introduction
01:58 – The Fed’s conflict between inflation and a weakening economy
04:39 – What the employment headlines may be missing
05:53 – Why Anna sees a stagflationary environment
10:36 – Growth, income, or preservation: What is your priority?
14:37 – How to tell whether a return justifies the risk
19:26 – Why multifamily worked so well during the low-rate era
27:00 – How higher rates erased 40–50% of some property values
28:44 – The refinancing wall facing real estate operators
31:09 – The liquidity signal Anna is watching now
34:39 – Why maturing debt through 2029 could create a larger crisis
39:35 – What individual investors can do with this information
42:16 – How debt and the Great Financial Crisis cost Anna a decade
44:06 – Learning to sit patiently on cash
45:02 – Building multiple income streams and an all-weather portfolio
45:45 – When building wealth leaves no room for life
48:02 – Why bigger is not always better

Personal sovereignty starts with taking responsibility for your own life. David Phelps reconnects with entrepreneur, author, speaker, and business and mindset strategist Lee Milteer to discuss resilience, independent thinking, intentional habits, preparedness, entrepreneurship, and why protecting your attention and surrounding yourself with the right people matter in a rapidly changing world.

EPISODE LINKS:
Learn more about Lee Milteer: https://milteer.com/
Free Five Types of Energy video series: https://fivetypesofenergy.com/

Learn more about Freedom Founders: http://FreedomFounders.com

HIGHLIGHTS:

00:00 – Intro
14:08 – Building a Fearless Mindset
18:11 – Lessons From Dan Kennedy
27:38 – Stop Following the Crowd
33:05 – Your Habits Create Your Life
45:31 – Protect Your Attention
50:23 – Staying Relevant in the Age of AI
52:57 – Why Masterminds Matter

For high achievers, success can become a moving target.

You hit the goal. Make more money. Build the business. Earn the recognition.

And somehow, it still doesn’t feel like enough.

In this conversation, David sits down with Brad Chandler to explore the deeper beliefs that can drive achievement, workaholism, and the constant need to prove yourself.

Brad shares how his own pursuit of success was shaped by a need for validation—and how that drive showed up in his business, relationships, and personal life. After years of building, producing, and chasing bigger outcomes, he began examining a different question:

What if the next level of success isn’t the thing that fixes what you’re actually trying to solve?

David and Brad discuss the connection between achievement and self-worth, why accomplished entrepreneurs can still feel driven by “not enough,” and what changes when you begin separating who you are from what you accomplish.

Brad Chandler is a successful real estate investor and entrepreneur who has completed more than 4,500 real estate transactions. After building Express Home Buyers, his own personal journey led him into work focused on helping high achievers better understand the beliefs and patterns driving their behavior.

EPISODE LINKS:
Learn more about Brad Chandler: UnlockLimitlessYou.com/Brad

Learn more about Freedom Founders: FreedomFounders.com

HIGHLIGHTS:

• Success, Achievement and the Need to Prove Yourself
• The Beliefs Behind High Achievement
• Brad’s Own Pursuit of Money and Validation
• When Success Still Doesn’t Feel Like Enough
• The Hidden Cost of Workaholism
• Separating Self-Worth From Achievement
• How Old Patterns Show Up in Business and Relationships
• What Changes When You Stop Trying to Prove Yourself
• Redefining Success From the Inside Out