Elevate with Tyler Chesser - The Real Estate Podcast for Investing, Mindset and Personal Development E284 Nancy Huynh, MD - Gain Control of Your Life, Achieve Time and Financial Freedom, and Live with Purpose By Engaging in Your Personal Transformation and Maximizing Your Real Estate Investments
While healthcare professionals top the list of highest-paid occupations in the US with median salaries of $208,000 per year, research shows that physician burnout rate is at an all-time high. Overworked and stretched thin, some doctors end up disengaged from their careers and are looking for alternative ways to earn income so that they can gain back time for themselves and for things that matter most. This is true for many busy, career-oriented individuals across professions who are losing control of their lives and their time and have become enslaved to their jobs and duties.
Dr. Nancy Huynh of Clear Vision Investing joins us today to talk in detail about this predicament that many of her colleagues are facing. She believes that one of the ways to support professionals and fight burnout is to create income streams from passive investments. Nancy makes the case for passive real estate investing that can bring in cash flow regularly and allow a physician or any professional to choose to reduce work hours in their workplaces and spend them purposefully. Listen now and learn how growth in passive investing empowers you to gain control of your life and helps you achieve not only financial but time freedom.
Key Points from This Episode:
- Nancy shares her personal background and upbringing, and her career path.
- What prompted Nancy to get into real estate investing and purchase her first deal?
- Nancy talks about her experience with her first investment and the transformation and mindset shift that it has brought her.
- What are the common misperceptions about real estate investing from Nancy’s colleagues in the medical field?
- Nancy’s advice to her medical colleagues to relieve fears about investing and gain confidence to take appropriate action.
- Why having a competent and reliable team in your investing business is crucial as Nancy learned to relinquish some roles and responsibilities in the business.
- Nancy reflects on the path that she’s now taking versus the then-predetermined direction after her medical school graduation.
- Nancy shares business strategies and her approach to accomplishing her mission guided by her “why”.
- Nancy reveals her projections on the real estate market for 2023 and how she evaluates deals today.
- Being an ophthalmologist, a real estate investor, a mother among many other roles, how does Nancy create balance in her life?
- Why does Nancy believe that anyone can do real estate investing and how personal growth plays a critical part in it?
- Nancy answers the Rare Air Questionnaire.
Tweetables:
“It's your interpretation and your thoughts around a situation that drives your actions and how you react to it.” - Nancy Huynh
“Success leaves clues.” - Tony Robbins
“Shift your mindset that time does not equal money.” - Nancy Huynh
“Think in terms of how you can make the most use of the time that you have. How do you maximize that time? What is most important to you? And what is that time worth to you?” - Nancy Huynh
“It's not about trading more time but it’s about getting smarter. If you want to gain more control, it's about getting more financially intelligent. - Tyler Chesser
“Real estate investing is a get-rich-slow, not a get-rich-quick scheme.” - Nancy Huynh
“You need money to make money.” - Nancy Huynh
“Whether we're doctors or not, we just want autonomy. We just want to have control over our lives to do what we want, when we want, with who we want.” - Nancy Huynh
“Real estate is really a team sport. And the more 'wes' we have, the more we win because you really have to find your unique skill set.”- Nancy Huynh
“It's always about the right deal paired with the right debt paired with the right market.”- Nancy Huynh
“Buy right, finance right, manage right.”- Nancy Huynh
“Constantly revisit what you want, why you want it, and then program yourself to take those actions to be in alignment with that ‘ideal self of yourself’.” - Nancy Huynh
Links Mentioned:
Send an email to Nancy Huynh, MD
Clear Vision Investing website
"Who Not How" by Dan Sullivan and Benjamin Hardy
"Good to Great" by Jim Collins
About Nancy Huynh, MD
Nancy is a physician, eye surgeon, entrepreneur, and impact real estate investor. As an ophthalmologist, she has made a real difference in thousands of lives by solving people’s most pressing eye problems and performing sight-saving eye surgeries. She helps people to see better so they can regain their identity, dignity, and vision for the future.
Nancy started investing in real estate to create passive income, hoping to regain control of her time and stop trading time for money. She currently owns and operates a real estate investment portfolio in the Atlanta area.
She founded Clear Vision Investing to not only grow her own portfolio but also to help others realize the power of real estate. She is passionate about helping others, especially physicians, gain financial literacy and achieve financial security through real estate investing. She believes that financially-intelligent physicians can change medicine and the world for the better.
As an impact investor, Nancy believes that real estate investing can deliver attractive financial returns while also making a positive social impact. Part of the profits from her company is donated to giving the gift of sight to someone in need and to cure preventable blindness globally.
Nancy is a graduate of Yale University and Harvard Medical School. She currently lives in Atlanta, Georgia with her husband and two young daughters.