The Passive Income MD Podcast

Austin Dean, Founder and CEO of Waystone Advisors, shares insights into revolutionizing financial planning for physicians and high earners. He emphasizes escaping 'money jail' and achieving financial flexibility today, not just at retirement. The discussion includes diversifying investments such as real estate and private lending, and personalizing strategies to enhance immediate cash flow. Austin also critiques traditional financial advice, advocating for tailored approaches that prioritize independence and adaptability in wealth management.

In a candid chat, Dan Peck, a Senior Loan Officer at Movement Mortgage with over 25 years of experience, tackles the pressing question of investing in real estate amid high interest rates. He shares actionable strategies for navigating the current market, focusing on the benefits of adjustable-rate mortgages and the timeless value of real estate as a long-term investment. Dan emphasizes transparency and support in the mortgage process and highlights how even first-time buyers can make informed choices in today’s fluctuating landscape.

Dr. Peter Kim delves into a pressing dilemma for physicians: hiring a financial advisor versus managing finances independently. He outlines three crucial questions to assess potential advisors and discusses common pitfalls to avoid. Listeners gain insights into why retaining control over finances is essential. The value of financial advisors can vary based on individual circumstances, emphasizing the importance of ongoing financial education for medical professionals. Tune in for smarter strategies to secure your financial future!

In this episode, Dr. Peter Kim dives into a question every physician has considered at some point: When do you want to retire? He unpacks why so many doctors dream of retiring early, the real-life obstacles that stand in the way, and how to rethink what retirement actually means. If you’ve ever felt stuck or unsure about your retirement plans, this episode will help you gain clarity, build a plan, and start taking small steps toward true freedom. Tune in! Joining PIMDCON 2025? Click here to reserve your seat! Are you looking for a community to encourage you as you begin, or want to accelerate your business to the next level? Then join thousands of physicians who share the same journey of creating their ideal lives through multiple streams of income by joining us in our Facebook communities such as Passive Income Docs and Passive Income MD. Like what you heard? Subscribe and Rate Us!

In this episode, Dr. Peter Kim dives into the guilt and cultural pressure many physicians face when it comes to balancing work and personal life. He shares his own journey of stepping off the traditional path, finding freedom, and redefining success. If you’ve ever felt like you’re living for everyone else but yourself, this episode is for you. Tune in to learn how to break free from the pressure and start living life on your own terms! Joining PIMDCON 2025? Click here to reserve your seat! Are you looking for a community to encourage you as you begin, or want to accelerate your business to the next level? Then join thousands of physicians who share the same journey of creating their ideal lives through multiple streams of income by joining us in our Facebook communities such as Passive Income Docs and Passive Income MD. Like what you heard? Subscribe and Rate Us!

Is your physician salary really secure? Dr. Peter Kim dives into the harsh realities of job security for medical professionals. He shares his personal experiences and highlights the importance of diversifying income streams amid changes like reimbursement cuts and AI advancements. Listeners are encouraged to rethink their financial plans and consider investment opportunities to safeguard their future. It’s all about being prepared and proactive in uncertain times!

Dr. Peter Kim reflects on the financial wisdom he wishes he had right after residency. He reveals money mistakes and emphasizes the importance of strategic planning for achieving financial freedom. Understanding business metrics is crucial for physicians looking to make informed decisions in their careers. The value of cash flow in investing is highlighted over chasing high returns, along with the need for community support and mentorship. This honest discussion encourages listeners to take actionable steps towards building wealth.

Discover the power of depreciation in real estate investing! Learn how high-income earners, especially physicians, can leverage this tax strategy to dramatically reduce their tax burden. The discussion walks through essential concepts like cost segregation and bonus depreciation, emphasizing their potential to enhance financial freedom. Real-world examples illustrate how to navigate tax deferrals and avoid common pitfalls. Whether you're a novice or seasoned investor, this knowledge could transform your earning potential!

In this episode, Dr. Peter Kim explores how physicians can unlock new income streams using the knowledge they already have. He shares three practical ways to leverage your medical expertise beyond clinical work, where to find these opportunities, and how to overcome the fear that keeps many doctors stuck. If you're wondering how to build more freedom and fulfillment in your career without starting from scratch, this episode is for you. Tune in! Are you looking for a community to encourage you as you begin, or want to accelerate your business to the next level? Then join thousands of physicians who share the same journey of creating their ideal lives through multiple streams of income by joining us in our Facebook communities such as Passive Income Docs and Passive Income MD. Like what you heard? Subscribe and Rate Us!

Discover valuable strategies for investing $100,000 in passive real estate, especially for first-time physician investors. The host emphasizes the power of diversification and breaking the investment into smaller, manageable deals. Key considerations include selecting trustworthy sponsors and understanding market dynamics. This approach not only minimizes risk but also boosts confidence and knowledge, paving the way for long-term wealth building. Perfect for anyone looking to make informed, confident decisions in real estate!