How to build a fund without working on Wall Street or getting a Harvard Degree.
In today's Better Wealth Episode, I had the privilege of interviewing Bidger Pennington, co-founder of Investment Fund Secret, a company with the goal of teaching other fund managers how to start, build, and scale their own fund without having an Ivy League degree or working on Wall Street for 15+ years. In this episode Bridger shares his incredible knowledge of setting up funds successfully, but beyond that, the knowledge of wealth he shares in this interview is like a mini webinar/course style. Listen as he shares his story of being raised in an entrepreneurial home and why his dad’s tough love has helped Bridger discover a better understanding of funds and success in business. Bridger shares his 4 Step Fund Launch Formula 1.) Find an Incredible Deal 2.) Frame the Deal Out 3.) Go Pitch Investors/Get A Soft Degree 4.) Go Get Legal Docs and Launch your Fund. Listen as he defines and highlights the different Rolls of the fund - 1.) Expert Investor 2.) Fund Manager 3.) Money Raiser. Bridger dives deep into the ways of building a fund, breaks down information he teaches in his training courses and shares his expertise. Not only is this episode rich in content, I partnered with Bridger to offer case studios and additional value in his free webinar located at this web link www.betterwealth.com/bridger !
BetterWealth Links & Resources:
www.betterwealth.com/bridger
Guest Bio:
In 2013 when Bridger was going into his freshman year at Birgham Young University, he knew that he wanted to be an investor. Of course, in order to invest money, Bridger realized that he needed to have money in the first place...
To solve this dilemma, Bridger started his journey of starting business after business after business, with some making some money, and others failing miserably. After business try number 7, Bridger sat down with a mentor who introduced him to the 'secret of the rich;' starting a fund.
In 2016. Bridger launched his first Bridge Loan fund where he raised a total of $46,000, and got his investors a 64% return. Since then, Bridger launched a second fund and is currently working on a third, and has a number of employees working under him. Between the two funds he has launched, over 150 deals have been done and millions of dollars in capital has been deployed.
In December of 2019, Bridger launched Investment Fund Secrets along with his business partner Mason Vranes with the goal of teaching other fund managers how to start, build, and scale their own fund without having an Ivy League degree or working on Wall Street for 15+ years. Over the last 6 months, 250 fund managers have joined the Investment Fund Secrets movement, and millions of dollars have been raised by his students.
Today, Bridger has cultivated a following of 16,000+ fund managers and entrepreneurs on social media.
Guest Links:
www.betterwealth.com/bridger
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