The Wealth Without Wall Street Podcast

Are You an Investor or an Entrepreneur? with Buck Joffrey

Jan 18, 2024

Buck Joffrey, a surgeon turned entrepreneur and investor, talks about transitioning from being a highly paid professional to becoming an entrepreneur. He discusses how reading 'Cash Flow Quadrant' transformed his perspective. They also discuss the importance of building a network and exploring entrepreneurship, the success in oral surgery, and the process of leaving a successful career.

40:40

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Buck Joffrey

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Quick takeaways

Reading Robert Kiyosaki's book 'The Cash Flow Quadrant' prompted Buck Joffrey to transition from a highly paid professional to an entrepreneur, opening his eyes to new possibilities and ventures.

Creating accountability, setting deadlines, and taking calculated risks are essential for achieving personal and financial goals, increasing the chances of success and growth.

Deep dives

Becoming an Entrepreneur After a Successful Medical Career

In this podcast episode, Buck Joffrey shares his journey of transitioning from being a highly paid professional in the medical field to becoming an entrepreneur. He talks about reading Robert Kiyosaki's book, 'The Cash Flow Quadrant,' which opened his eyes to the world of entrepreneurship. Buck emphasizes the importance of creating an exit plan and setting a deadline to make the leap into a new venture. He shares his personal experience of starting a cosmetic surgery business and eventually branching out into real estate investing and syndication. Buck also discusses the challenges and lessons he has learned from raising capital, emphasizing the need to carefully vet and trust the operators and partnerships in the investment space.

Introduction

4min

Changing Perspectives

7min

The Importance of Building a Network and Exploring Entrepreneurship

5min

Success in Oral Surgery and Entrepreneurial Journey

9min

Leaving a Successful Career

15min

Are you a highly paid employee or professional? Does your current career allow you to earn substantial income? If so, would there be any reason for you to seek a different path? Would you like to become an entrepreneur or an investor?

In today's episode, Russ and Joey speak with Buck Joffrey, a surgeon turned entrepreneur and investor. Buck talks about his decisions and actions after reading Robert Kiyosakis's CASHFLOW Quadrant.

The book provides a guide for people who are ready to change their lives and change from one quadrant to another. Are you prepared to leave the life you've always known and pursue something better? The choice is yours.

Top three things you will learn:

The difference between an entrepreneur and an investor
How to pivot from your current career to entrepreneurship
How to take risks and make scary decisions to get what you want

About Our Guest:

Buck Joffrey is a surgeon turned serial entrepreneur. He is also the author of the international bestselling book “Seven Secrets of Eternal Wealth” and the host of the Wealth Formula Podcast.

Like Russ and Joey, Buck believes we must keep our money out of Wall Street. His mission is to teach professionals how to take advantage of their finances and invest outside traditional stocks, bonds, and mutual funds.

Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.

This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.

The hosts may have a financial interest in the programs or services mentioned in this episode.

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