The Passive Income MD Podcast

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!

In this episode, Dr. Peter Kim chats with a familiar guest, Troy Eckard, CEO of Eckard Enterprises, about why so many doctors end up in bad investment deals. With over 40 years of experience in oil and gas, Troy breaks down the common mistakes physicians make — like trusting the wrong people or not doing enough due diligence. They talk about how to protect your money, ask smarter questions, and find investments that actually make sense for your lifestyle. If you've ever felt unsure about where to start or who to trust, this episode will give you real answers. Tune in! Eckard Enterprises brings this episode to you. Eckard Enterprises, LLC, is a family-owned and operated alternative investment and asset management firm, specializing in mineral rights and the U.S. energy industry. Eckard believes that owning tangible assets is one of the safest, long-term investment strategies available in today's investment climate. 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!

Can doctors really achieve passive income while managing demanding schedules? Dr. Peter Kim reveals how he turned limited free time into a pathway for financial freedom. He emphasizes that passive income is about creating options without quitting medicine. Discover the vital first steps for busy physicians, along with practical time management tips. Plus, find out how joining supportive communities can accelerate your journey toward building a balanced and fulfilling career.