Patrick Bet-David
| Patrick Bet-David | |
|---|---|
 Author/Entrepreneur Patrick Bet-David | |
| Nationality | American |
| Occupation | Entrepreneur and financial advisor |
| Notable work | The 25 Laws for Doing the Impossible, The Next Perfect Storm |
Patrick Bet-David is an American entrepreneur and financial adviser.
In the late 1980s he fled Iran with his mother during the Iran–Iraq War; they lived for two years in a refugee camp in Germany before immigrating to the US in 1990, when Bet-David was 12 years old.[1][2] After high school he enlisted in the US army and served with the 101st Airborne Division.[1]
After leaving the Army he got a job at Morgan Stanley.[1] After a dinner event with George Will in 2009, he launched a website called Saving America and later a radio show broadcast in Los Angeles, to encourage people to be entrepreneurial and to educate people about fiscal responsibility.[1] Later that year he opened a financial services agency offering term and permanent insurance, debt settlements, and 401(k) rollovers into indexed annuities called PHP Agency, which stood for "People Helping People".[1][2]
In 2013 he gave interviews advising people to avoid debt, and based on the housing market at that time, not to buy houses but instead rent, and to use any wealth they had acquired to start a business.[2][3] In 2015 he gave an interview advising people graduating from high school to avoid the debt of going to college unless they had a clear professional goal of being a doctor or lawyer or want to play professional sports, and advised them instead to travel or intern for a year.[4]
Bet-David has published two books, The 25 Laws for Doing the Impossible (2011) and The Next Perfect Storm (2012). The former is a self-help book about realizing your goals, and the latter tries to teach people how to profit from bubbles like the real estate market in the 2000s and the stock market of the late 1990s.[1]
References
- 1 2 3 4 5 6 Joe Schoffstall for Opportunity Lives. July 31, 2015 His Family was Forced to Flee Iran – Now He’s Educating Americans on the Importance of Free Enterprise
- 1 2 3 Marni Jameson for the Denver Post. October 18, 2013 Home buying: Go with cold, clear logic (and rent)
- ↑ Donna Fuscaldo for Fox News Business. May 15, 2013 Should Home Ownership still be Part of the American Dream?
- ↑ Natalie Walters for Business Insider. Dec. 29, 2015 Here's the unconventional piece of career advice one entrepreneur is dishing out