Next Level 282: How to Invest Like a Billionaire with Bob Fraser

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If you’ve ever wondered how the ultra-wealthy actually build and protect their wealth, this is a must-listen.

On Episode 282 of the Next Level Income Show, I had the pleasure of sitting down with Bob Fraser—CFO of Aspen Funds, co-host of the Invest Like a Billionaire podcast, and one of the most insightful macro investors I know.

Bob shared his personal journey from dot-com crash survivor to private credit expert, and he broke down the exact strategies billionaires use—including why they only keep a small percentage of their money in the stock market and focus heavily on alternative investments like private credit, real estate, industrial development, and energy.

We talked about:

  • Why private credit can offer equity-like returns with lower risk

  • How to structure your portfolio like a business

  • The power of rebalancing and avoiding emotional investing

  • What’s coming in the economy—and how to prepare

📚 Want to go deeper? Bob’s new book, Invest Like a Billionaire, is out now and packed with insights on portfolio construction, risk management, and mindset shifts every investor needs.
👉 Get it here: Invest Like a Billionaire on Amazon

💼 Want to learn how we’re partnering with Aspen Funds to give our clients access to private credit and other wealth-building opportunities?
👉 Visit: https://www.nextlevelincome.com

This episode is all about investing smarter, not harder—and building wealth that lasts.

Listen To The Podcast Here:


I hope you found this episode valuable. Check out https://chris-larsen.mykajabi.com/coachingprogram to learn more about our coaching program and read some testimonials from our previous students. You can also book a call with us to learn more and find out if this program is good fit for you.

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Christopher Larsen is the founder and Managing Partner of Next-Level Income. Since “retiring” after 18 years in the medical device industry he dedicates his time to helping others become financially independent through education and investment opportunities. Chris has been investing in and managing real estate for over 20 years.

While completing his degree in Biomechanical Engineering and M.B.A. in Finance at Virginia Tech, he bought his first single-family rental at age 21. Chris expanded into development, private-lending, buying distressed debt as well as commercial office, and ultimately syndicating multifamily properties. He began syndicating deals in 2016 and has been actively involved in over $500M of real estate acquisitions.

In addition to real estate, Chris has invested in equities, oil & gas, and small business lending, as well as being active in Venture South, one of the nation’s Top 10 Angel Investing groups. Chris lives with his wife and two boys (and Viszla, Lucy!) in Asheville, NC where he loves spending time with them in the outdoors and enjoying the food and culture that the region has to offer.

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