The Limitless MD How to Overcome The 4 Pain Points of MDs with the Darwinian Doctor
In this episode of the Limitless MD, Vikram Raya welcomes a successful physician turned entrepreneur, Dr. Daniel Shin. Together they delve into the typical journey of a physician, common pain points, and his journey from financial inexperience to stocks and eventually real estate. Dr. Daniel Shin also touches on his influential blog, The Darwinian Doctor, and how it has helped keep him accountable. Not one to miss!
“I see every human as having unlimited potential… You could do incredible things, but most of us are not going to do those incredible things because we’re too busy trying to pay our bills.”
- Dr. Daniel Shin
In This Episode:
- Welcome back to another episode of the Limitless MD podcast
- Introducing Dr. Daniel Shin
- Dr. Daniel Shin explains where he is now professionally
- Daniel delves into his childhood and how it influenced where he is today
- He explains that so much of his time was taken up with working and commuting, and that he felt handcuffed to his paycheck due to high expenses
- Dr. Daniel Shin on burnout a couple of years into practice and what that felt like
- Daniel was feeling goalless and very trapped by expenses and debt from med school
- How he took it into his own hands and created a new goal of financial freedom
- How podcasts were the first step to learning how to become financially free
- The podcasts that Dr. Daniel Shin was listening to during his commute, and the first step to his new goal of financial freedom
- Daniel talks about his initial plan of reaching his goal in 15 years
- Why Daniel decided to grow the blog—which was initially just a place to collect his thoughts and hold himself accountable
- Does Daniel have a virtual assistant?
- The transition from stocks to real estate
- Taking advantage of tax incentives
- The first fundamental step is education and the podcasts that Daniel turned to during the transformation to real estate
- Daniel’s first purchase
- Daniel’s second turnkey purchase
- The process that Daniel used to build most of his portfolio
- The biggest worry and stress on doctors these days
- Daniel talks about the responses he has been getting from others about his projects and passions outside of medicine
- The impact that Daniel would like to have on the world
- The Modern Renaissance
Resources Mentioned:
- Long-Distance Real Estate Investing Book - BiggerPockets
Resources:
- Join our FREE group coaching program: the Physician Wealth Accelerator
- https://vikramraya.com/programs/
- Apply to work with Vik and book a clarity call here
Connect with Vikram:
- Website
- YouTube
Connect With Dr. Daniel Shin
- Website
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