Episode
Fast Money, Slow Money & How to Keep More of What You Earn
- Podcast
- Uncommon Wealth Podcast
- Published
- Jun 9, 2026
- Duration seconds
- 2524
- Processing state
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Summary
What if everything you've built could disappear because of taxes, bad planning, or a lack of liquidity? In this episode of Uncommon Wealth, John McDonough sits down with entrepreneur, real estate investor, educator, and author Chris Rood for a powerful conversation about wealth creation, wealth preservation, tax strategy, liquidity, and long-term financial freedom. Chris has spent more than a decade building businesses across real estate, wholesaling, fix-and-flips, mobile home parks, short-term rentals, investor education, and multiple service-based companies. But this conversation goes far beyond real estate. Together, John and Chris break down the financial lessons most entrepreneurs never learn, including how to legally reduce taxes, protect assets, create multiple income streams, manage market cycles, and build lasting wealth that can survive generations. If you're an entrepreneur, investor, business owner, or someone serious about building and keeping wealth, this episode is packed with practical insights you can implement immediately. In This Episode: • How Chris built multiple businesses from the ground up • Lessons learned from market crashes and economic cycles • Why most entrepreneurs pay far more taxes than necessary • The power of real estate for tax mitigation and wealth building • Understanding depreciation, cost segregation, and 1031 exchanges • Why liquidity matters more than most investors realize • The dangers of overleveraging and concentration risk • Building multiple streams of income • Asset protection and long-term wealth preservation • Legacy planning and creating generational wealth • Why skills are the ultimate wealth-building asset About Chris Rood Chris Rood is a real estate investor, entrepreneur, educator, and author of Skill Up: The Logi…