The Passive Income MD Podcast

What goals do you have for 2022? Are they specific, measurable, attainable, realistic, and time-based? Learn how to set SMART goals and make them stick. https://passiveincomemd.com/podcast88/

Rising inflation rates have a lot of people worried about their money and their futures. Should you be worried about how inflation will affect real estate investments? PIMD End of Year Community Survey Passive Income MD wants to know who YOU are, so we can better serve you and give you the best resources and opportunities to achieve financial freedom and create a life you love. This is also a way for YOU to get to know and better understand this amazing community that we all form together. Take 5-10 minutes to fill out the survey here and you will be entered in a raffle for a $50 Amazon gift card and a chance to spend a virtual Happy Hour with Peter Kim in 2022! https://passiveincomemd.com/podcast87/

The idea that physicians aren't great with finances likely comes from the fact that, as medical professionals, we have little time to devote to other ventures. We may also have little experience in finances, which leads us to hesitate at the thought of stepping out in a certain investment or business opportunity. The fact is that we do have the necessary traits to be successful. But maybe, as a doctor, you don't believe you have what it takes to be a successful business owner or investor. If that's the case, stick with me. https://passiveincomemd.com/podcast86/

Dive into the intriguing world of real estate tax benefits! Discover how appreciation, cash flow, and mortgage paydown contribute to wealth creation. Learn the nuances of short- and long-term capital gains and the perks of home sale exclusions. Did you know rental income isn't subject to self-employment taxes? Explore the power of depreciation and the magic of 1031 exchanges. Plus, uncover tax-free borrowing strategies and the advantages of opportunity zones. It's a treasure trove of insights to enhance your investment game!

When it comes to investing, there are two major components: risk and return. So the lower the risk, the lower the return. The higher the risk, the higher the return. Understanding different strategies for any type of investing in commercial real estate is no exception. https://passiveincomemd.com/podcast84

I used to think that passive income was simply earning money in a way that isn't proportional to the time you put in. And while this is true on the most basic level, what I didn't realize is all the other stuff that comes with passive income and how the journey affects you. Here are a few things that I've come to realize throughout this journey that I hope you've learned as well. https://passiveincomemd.com/podcast83/

I listened to a podcast interview with Stewart Butterfield, the founder of Slack and at the end of it, the host, Guy Raz, asked Butterfield one question about his newfound wealth. "Does that eliminate stress in your life?" Raz asks. "Does that mean that everything is set, everything is taken care of?" In this podcast, I'll share with you what he believes are the three levels of wealth in the world. https://passiveincomemd.com/podcast82/

Maslow's hierarchy of needs teaches us that, besides air and food, a feeling of safety has to come before anything else. That's why I've created a decent safety net for myself and my family. That way, I can be free to pursue some more interesting ventures, with the confidence knowing that if all else fails, we'll be alright. Here are some specific ways to create safety nets in your life. https://passiveincomemd.com/podcast81

If you've considered real estate investing for yourself, hopefully some of the following 16 ways to invest in real estate, can get you on the right track. https://passiveincomemd.com/podcast80/

I've learned so many lessons over the past five years about being a landlord and made my share of mistakes. In this podcast, my goal is to keep you from making the same mistakes. Here are 5 landlord mistakes that you do not want to make.