Why Doctors Don’t Get Rich, Featuring Dr. Tom Burns

Jan 3, 2023

25:27

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The secret to being rich is not too difficult to decipher. And I will share it with you in this episode with Dr. Tom Burns. Tom is an orthopedic surgeon and the owner of Presario Ventures, a real estate company focused on developing apartments in Texas. He’s also the author of Why Doctors Don’t Get Rich: How YOU Can Create Freedom with Passive Income Investing, a book that changed my life and will definitely change yours.

In the course of this episode, we specifically talk to you about the following:

- Combining medicine with investing

- How to get educated in business practices as a physician

- Definition of assets and liabilities

- Secrets to being rich and achieving freedom

- Importance of joining different masterminds

In Tom’s words, combining a medical practice with the creation of passive income is like combining salt and pepper. This episode will help you get started.

“I did it the slow way. And I think you can do it faster than me with all the resources available. It’s just one foot in front of the other every day. It’s consistency, discipline, persistence. It just works. You don’t think that the compound effect is real, but it is.” - Dr. Tom Burns

In This Episode:

- Welcome back to another episode of the Limitless MD podcast

- Changes in the work environment for physicians

- Why did Tom decide to do something else besides being a physician?

- Getting educated to start a journey in business

- Definition of assets

- Definition of liabilities

- The secret to being rich

- Other asset classes that you can acquire besides real estate

- There’s infinite ways to make money

- Concept of a mastermind and why it is important to invest in joining them

- How to achieve geographic freedom