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About "Why Doctors Don't Get Rich" and More Investing Wisdom with Dr Tom Burns
Manage episode 346019042 series 3394108
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Dr. Tom Burns is passionate about teaching people, especially those in the healthcare space, how to get rich through passive income. In this episode, he discusses the solutions to the common challenges doctors, pharmacists, and other healthcare professionals have when starting businesses or creating passive income through real estate.
One of the challenges is shifting from the healthcare professional mindset of avoiding mistakes to the investor mindset of being willing to take risks. Listen now and learn how Dr. Burns overcame this and the lessons he learned along his investing journey that have helped him succeed.
Key Points from This Episode:
- Why Dr. Burns looked for other income streams despite being a doctor and what led him to real estate.
- Dr. Burns' advice to healthcare professionals with busy schedules who want to start a business or invest in real estate.
- Lessons in real estate that Dr. Burns learned from his mistakes in the past.
- Balancing the healthcare professional mindset and the entrepreneur or investor mindset.
- Why having a delegation mindset is crucial.
- Why Dr. Burns spends around $250,000 a year on mentors and masterminds.
- Ways to grow your money while spending 70 hours in practice.
- Learn about Dr. Burns’ book, “Why Doctors Don’t Get Rich.”
- How Dr. Burns started his real estate investing journey.
- How to find the perfect investing partner.
Tweetables:
“One of the best successes in real estate hacks in the world is time and persistence.” [00:08:45]
“If you try to derive the perfect strategy and wait until you have the perfect strategy, nothing will happen. Action is the first thing. So, just do something.” [00:08:57]
Links Mentioned:
Why Doctors Don't Get Rich: How YOU Can Create Freedom with Passive Income Investing by Tom Burns
The ABCs of Real Estate Investing
About Dr. Tom Burns
Dr. Tom Burns is an entrepreneur, retired orthopedic surgeon, and a United States Ski Team physician. He is the co-founder and principal of Presario Ventures, a private real estate company focused on ap
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
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