The Importance of Financial Freedom for Physicians

Financial freedom is available to every physician. In this ecosystem, you can no longer depend upon a job for monetary safety. You need to create multiple streams of income. Luckily, today’s guest is an MD who went down the path of financial literacy and nowadays educates other MDs on the subject. 

Dr. Christopher Loo got into orthopedic surgery residency, one of the most elite trainings in the country. He got into the training in the middle of the financial crisis of 2007-2008 and decided to pivot while he was going through it. His main interest then became investing and developing a company focused on financial freedom for physicians. 

These are some of the topics we cover during the episode:   

- How did Dr. Christopher Loo achieve financial freedom in his thirties?

- Options to pursue in the current market

- Digital assets and why you may consider investing in them

- Investment suggestions for successful physicians who want explosive growth

Dr. Christopher Loo shared all the passive and active streams of income that he has out of medicine. This episode aims to inspire doctors who are listening, such as yourself, to embark on the road to financial freedom. 

“Just like portfolio insurance, just like health insurance, multiple streams of income will insure you against any sort of economic uncertainties, job loss, etc.” - Dr. Christopher Loo

In This Episode: 

- Welcome back to another episode of the Limitless MD podcast

- Dr. Christopher Loo’s story  

- 3 steps to achieving financial freedom while in medical school  

- Existential crisis as an orthopedic surgeon

- How did Dr. Christopher Loo achieve financial freedom in his thirties?  

- Getting ready to take advantage of the next economic cycles   

- Options to pursue in the current market       

- Real estate properties that Dr. Christopher Loo owns 

- Digital assets and why you may consider investing in them 

- Strategies for investing and creating passive income in the digital ecosystem

- Investment suggestions for successful physicians who want explosive growth 

- Top financial books recommended by Dr. Christopher Loo

- How people can learn more about Dr. Christopher Loo

Resources mentioned: 

- “Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!” by Robert T. Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194 

- “The Psychology of Wealth: Understand Your Relationship with Money and Achieve Prosperity” by Charles Richards - https://www.amazon.com/Psychology-Wealth-Understand-Relationship-Prosperity/dp/0071789294 

- “Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth!” by Robert G. Allen - https://www.amazon.com/Multiple-Streams-Income-Generate-Unlimited/dp/0471714550/ 

- “Think and Grow Rich” by Napoleon Hill - https://www.amazon.com/Think-Grow-Rich-Publication-Foundation/dp/193787950X/ 

- “Lead the Field” by Earl Nightingale - https://www.amazon.com/Lead-Field-Earl-Nightingale/dp/9562915999 

- “The Fourth Turning: An American Prophecy - What the Cycles of History Tell Us About America's Next Rendezvous with Destiny” by William Strauss and Neil Howe - https://www.amazon.com/Fourth-Turning-American-Prophecy-Rendezvous/dp/0767900464/ 

- “Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail” by Ray Dalio - https://www.amazon.com/Changing-World-Order-Nations-Succeed/dp/1982160276/ 

Resources:

- Join our Free community of high-performing physicians: the Physician Wealth Accelerator https://limitless-md.mn.co/

- https://vikramraya.com/programs/

- Sign up to my email list - https://vikramraya.com/

- Apply to work with Vik and book a clarity call here - https://bit.ly/3CXuigz

- Group Coaching Now Open! Apply Here - https://www.theultramd.com/high-achieving-physicians

Connect with Dr. Christopher Loo: 

- Website - https://www.drchrisloomdphd.com/ 

Connect with Vikram:

- Website: https://vikramraya.com 

- Instagram: https://www.instagram.com/vikramraya/   

- Facebook: https://www.facebook.com/Vikramrayamd

- LinkedIn: http://www.linkwithvik.com

- YouTube: https://www.youtube.com/channel/UCdq9M-kD0L2hy1UlfOK-hwQ

Special Thank You to Music Provided by Music Library https://soundcloud.com/music-library-non-copyrighted-sounds/300-violin-orchestra-jorge-quintero-copyright-and-royalty-free