WS1520: Prosperous Career Shift to Real Estate| Tom Burns

Why are you in the real estate business? Is it because of the opportunity to earn money passively? Is it because of the possibility of true financial freedom? For many people in the space, there could be different reasons why. But, one thing is certain, with hard work, perseverance, and dedication, nothing is impossible.

In the first part of our three-part series with Tom Burns of Presario Ventures, he talks about his transition from being a physician to becoming a full-time real estate investor. He also discusses the setbacks he had encountered as he was transitioning, how he managed his time in his practice and business to have more time for his family, and talks about the inspiration behind his book Why Doctors Don't Get Rich. Enjoy the show!


Key Points From This Episode: 

• Tom talks about his professional career and how he got into real estate investing.
• Tom shares that as you get to be a seasoned professional, you will realize that some good is going to come out of the bad things that happened.
• Why did Tom decide to focus on real estate and not some other kind of investment?
• Tom discusses some setbacks that he faced as he transitioned from being a physician to a real estate investor.
• How did Tom manage his time being a doctor and his real estate business?
• Tom shares the best gift he has ever received in his entire life.
• Tom talks about his book Why Doctors Don't Get Rich.

Tweetables:

“In my training (as a physician, I) came to the realization that maybe working for a living and trading my time for money was not the best thing.”

“When you get seasoned, you realize that when bad things happen, some good is gonna come from it. That's made life a little easier for me to realize, "Okay, this is just one of those tests, it's a speed bump." Sometimes they're taller speed bumps, but I know something good is going to come from them. We adopted that philosophy, we tried to have fun, and we just didn't want to be trapped.”

“When you really want to do something, you'll always find the time.”

“I worked on my efficiency which bought me time. Surprise, we're always talking about time and I use that time to buy me passive income, which bought me more time, which gave me more time with my kids in my family.”

“To be truly rich and wealthy is to have assets that provide income. So you want the kind of income that keeps coming i

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