Episode 54: Multiple Streams of Income through Passive Real Estate Investing w/Peter Kim

SHOW NOTES:

This week next level physician entrepreneur Peter Kim and I took the conversation to another level as we chatted about multiple streams of income through passive investing in real estate.

Highlights from the conversation:

Dr. Peter Kim

● Founder of Passive Income MD

● Board-certified anesthesiologist

● Host of Leverage and Growth (Virtual Summit for Physicians)

● Thinks it’s important that parents encourage an entrepreneurial mindset to children. It will serve them later on in life! when they have to provide for themselves.

● After spending years in a company and waiting for a certain number of shifts and a higher status, he got the opposite. He felt it as they were taking advantage of him and felt powerless. He decided he was going to take control of his time. After all, time is money!

Multiple Streams of Income

● Previous physician mindset: Make it through med school practice for 30 years, and then retire.

● Current mindset: What’s the next thing I should accomplish? ALways seeking for a higher calling.

● It’s very important to have multiple sources of income because - as these times have proved - nothing is guaranteed and we never know when things will shut down.

● What stops most physicians is the “lack of training”. They feel like they need to get an MBA in order to be prepared. Truth is that what determines success is being able to focus and channel energy into getting things done. That’s what business is about.

● The first step to start another source of income isn’t to start reading books. The first step is to imagine the kind of life you want to have once you obtain your goals. Then, the beginning and middle part of the journey will become more clear. You don’t start walking towards a destination without knowing exactly where to go!

● Physicians have been told that asking for help is a sign of weakness. In order to progress in the entrepreneurial world, it is important to understand this is not true at all. Stop limiting beliefs. Reaching out to others, modeling successful people, and finding a community of like minded individuals are ways to accelerate the journey.

● Real estate is a good source of income. It can be active (full search of properties, management, and sales) or passive (investing in real estate and syndication funds).

Catch up with [Guest] by visiting him at www.passivemd.com

You can also follow them on social media at:

See you on the next one!

Hosted by: Dr. Maiysha Clairborne

Looking for a Coach or Mastermind to Join? Ready to Take Your Career, Business, and Life to the Next Level? If you want to Learn more about Dr. Maiysha's coaching, courses, and masterminds. Visit www.DrMaiysha.com. Choose from of our Free Mini Online Masterclasses on Mindset Mastery, Manifestation, and Next Level Entrepreneurship Right on the Home page to start your journey now.