E49: The BEST Way to Invest for Retirement: Parker Pursell, CEO of eQRP

Cash Flow Fight Club

Take control of your retirement savings and unlock new investment opportunities. In this episode, Parker Pursell of eQRP discusses how their platform is giving investors more power over their retirement savings through alternative investments.

Parker outlines how eQRP provides educational resources, networking opportunities, and a marketplace where investors can discover new investment deals. He emphasizes the importance of exposing investors to different options so they can make confident financial decisions.

Tune in to learn more about eQRP's mission to break financial barriers and how their community is empowering investors.

Here are some power takeaways from today’s conversation:

00:00

01:35 - Parker’s background

14:14 - The genesis of eQRP

18:20 - Eligibility for an eQRP 401k plan

20:00 - Empowering self-directed investors through control and action

22:49 - The financial impact of choosing the right retirement vehicle

26:20 - Building an altruistic environment for investors and syndicators

28:31 - The educational component of eQRP

34:50 - Plugging syndicators into the eQRP investor community

Episode Highlights:

[14:14] The Genesis of eQRP

Parker discusses the Genesis story of eQRP, founded by Damion Lupo after his father's retirement promises fell through. Parker emphasizes eQRP was created to address issues like lack of control and opportunities in traditional retirement systems. Parker emphasizes that eQRP was founded to give people more control over their money and break the "financial shackles" of being promised one thing but experiencing another in retirement.

[20:00] Empowering Self-Directed Investors Through Control and Action

Parker discusses how eQRP is designed for self-directed, self-responsible investors looking to move quickly with minimal friction. He notes eQRP is typically for those wanting control over their investments rather than a "do it for you" financial advisor service. Parker explains eQRP takes more of a "do it with you" approach through empowering people to take action and control of their finances, rather than having decisions made for them. This highlights how eQRP's structure is tailored for active investors focused on controlling their own path.

[22:49] The Financial Impact of Choosing the Right Retirement Vehicle

Parker discusses how the specific retirement vehicle used can significantly impact both the user experience and financial outcomes. He notes the 401k vehicle involves much less "friction" or barriers. Additionally, Parker points out traditional IRAs fail to fully disclose the tax implications of investing in deals with debt, which can minimize profits. Whereas the 401k allows investors to recoup profits that would otherwise be lost to taxes if using an IRA for deals involving debt, giving more "firepower" to compound returns over time.

Resources Mentioned:

eQRP