Adam and Dustin challenge the conventional retirement wisdom of shifting from stocks to bonds just when you need income most. Adam shares his personal journey from W-2 employee to building a cash-flowing real estate portfolio that generates consistent monthly income, explaining how he constructed a diversified investment strategy using rental properties, oil and gas investments, and strategic tax planning.

The discussion includes why successful investors stay actively involved in their wealth management decisions rather than delegating everything to financial advisors, and explores practical portfolio construction techniques, including how to layer different investment types for both cash flow and tax advantages, the importance of setting clear financial goals, and why the traditional “set it and forget it” mentality often fails passive investors.

Key topics include real estate as a portfolio foundation, using depreciation and bonus depreciation for tax benefits, oil and gas investments for additional cash flow and tax write-offs, and the mindset differences between wealth-building investors and those who rely solely on traditional retirement accounts.

Watch episode on YouTube: https://www.youtube.com/watch?v=1SgBMLCYoaI

See all Wealth Independence episodes at https://www.wealthindependencepod.com

Connect with Dustin:

• Big Spring Capital
• LinkedIn (/in/TheDustinBailey)
• Twitter/X (@TheDustinBailey)

Connect with Adam:

• Bidwell Capital
• LinkedIn (/in/AdamJPenn)

This show is for informational purposes only and is not financial, investment, legal, or tax advice, and does not constitute an offer to buy or sell securities. All investments carry risk, and investors should always conduct thorough due diligence and consult with qualified professionals before investing.