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Listen to this episode: play the audio It's a fact: We cannot be reliant on just one source of income. I don't care if you're making $100k or half a million a year, if you stop working, it could spell disaster. The key is to building as many sustainable financial assets as you can that will pay you for life. On this episode, I break down my own revenue streams, as well as the importance of creating not only passive income, but PASSION income as well. Although short in length,

Listen to this episode: play the audio Recently, I came across something on YouTube that made me pause: On the video, a medical doctor was revealing how she makes $1.3 million a doctor a year as an anesthesiologist! Now I have many friends in this field who definitely do well. But when you hear someone making 3x the national average you'll want to find out more! On this episode, I reveal what is actually making her money, and it's more than just her doctor's salary. You know

Listen to this episode: play the audio Stock investing is something I've done off and on since my residency days, but things didn't get serious until the market dropped from the Pandemic, where I was able to pick up some blue chip stocks on the cheap. But did you know you can make money whether the market goes up, down, or even sideways? That's the world of option trading. DISCLAIMER: Options is not for the faint of heart and understand I am not a financial planner -- you mus

Listen to this episode: play the audio One of the biggest shifts I had to learn was to carry myself as the CEO of my own business, even when I was working full-time for someone else. For many doctors we get stuck in the employment mentality, trading time for dollars, and live our days as being more reactive, than proactive. On this episode, I give the 4 most successful traits CEOs have that you should incorporate, whether you are a full-time entrepreneur, or just at the begin

Listen to this episode: play the audio As someone who consult with doctors to become better entrepreneurs, a significant hurdle is selling. As physicians we're not used to selling ourselves, let alone selling products and services. No one wants to have that "used car salesman" vibe, but if you truly believe your product or service can help someone one, how else will they find out that you have a business? One of my favorite ways of selling is through education. Today we discu

Listen to this episode: play the audio During her night shifts, Dr. Heather Hammerstedt realized there were people in the ER that didn't need to be there. Not that they didn't need treatment, but that many of them had health problems that could have been prevented if someone had intervened. 2 1/2 years later, she is the founder and CEO of Wholist, a health coaching company that is transforming the way many view doctors and the healthcare system. We discuss why doctors need to

Listen to this episode: play the audio No business was built by itself. It takes a team of like-minded individuals to get behind one important mission. So what if you had a team of doctors to help mentor you, without even leaving your living room? That's what Dr Michelle Mudge-Riley has put together! On this episode, you'll learn her drive to help as many doctors as she can, teaching the principles that allowed her to leave clinical medicine and setting the scenes to establis

Listen to this episode: play the audio When I was looking to see what my options I had as a clinical doctor interested in leaving the bedside many many moons ago, there wasn't much. How things have changed in the last year! However, the amount of info is almost overwhelming and it can be daunting to separate truth from fiction. When I heard that a couple of family doctors were putting together a membership site to help navigate doctors looking for non-clinical opportunities I

Listen to this episode: play the audio Have you considered hiring a physician coach? Or have you thought about becoming one yourself? On this episode, Dr. Sunny Smith made the life-changing decision to coach her colleagues after being coached herself. Her life coaching firm, Empowering Women Physicians, has had phenomenal success, impacting the careers of so many doctors. In this lively interview, we discuss what was the impetus to her decision, and how she juggles being a me

Listen to this episode: play the audio We continue the conversation with Dr. Sunny Smith, an academic physician, and now one of the most well-known physician life coaches in the country (So be sure to catch the first part of the interview, If you missed it). We explore her journey to becoming a life coach, who she met that changed the trajectory of her life, and the impact of the pandemic, which has caused some doctors to take a second look on their own career. She also gives

Listen to this episode: play the audio In business, as in life, you will face obstacles. Whether it be unexpected expenses, legal issues, or even a pandemic. it is your ability to respond (or some may call it stubbornness) that can often measure your success. My interview today is with Dr. Saya Nagori, an ophthalmologist and the founder of SimpleHealth.com, a growing telemedicine company that focuses on women's health, who often faced these challenges and more. You'll discove

Listen to this episode: play the audio A special treat for me on this episode as I get to interview one of my former students! If you're like me, and not a prolific writer, but have something to say, creating Youtube videos or your own podcast may be a legitimate outlet. That's what Dr. Andrew Tisser discovered. A busy ER doc and relatively fresh out of residency, Andrew knew he wanted to help his fellow early career physicians but just didn't have the time or inclination to

Listen to this episode: play the audio I've had a lot of businesses (and many many ideas) over the span of two decades of selling both online and offline products and services. There was the med spa on an uninhabited island off the coast of Belize. There was the paid medical advice site hoping to get acquired by the WebMDs of the world. You know about the multiple clinics I currently oversee. I've had spectacular successes and embarrassing failures. But through every high and

Listen to this episode: play the audio I've preached constantly about the power of an information-based business as the first side business to start as a physician, especially if you have no experience. Leverage your knowledge and get paid what you're worth in the form of ebooks, online courses, and even 1-on-1 consulting. Most know these as information products. But you may not be familiar what I deem information services. This is when you hire people to share their knowledg

Listen to this episode: play the audio A high salary does not often correlate to high net worth. Although most doctors can generate an upper income wage, why does it seem a lot of physicians struggle when it comes to finance? I posed these questions and more to Ben Lonsdale and Rod Zabriskie, part of the wealth strategic team known as Money Insights. Since they primarily work with health care professionals, they shared their experience working with doctors, and identified com

Listen to this episode: play the audio As a physician entrepreneur, it can be frustrating to see the apparent slow adoption to technology in medicine. But it doesn't have to be that way when it comes to your online business! On this episode, we'll discuss five areas that we have incorporated free or low cost methods to streamline our processes, saving time and money, and avoid you to becoming the "rate limiting" step in your business. What are ways you have incorporated autom

Listen to this episode: play the audio Online shopping is booming but for those who want to strike it rich in e-commerce, there are big, big challenges to overcome. Not so for Dr. Amir Baluch, an anesthesiologist, serial entrepreneur, investor, and author of "Make it, Keep It: New Wealth Preservation Rules for Doctors". Dr. Baluch is truly an example where persistence paid off. From failing to get into medical school the first time, to an electronics payment business that als

Listen to this episode: play the audio If you're like me, you don't feel comfortable selling. As doctors, it's not something we're accustomed to doing. However, we actually do sell regularly — we sell a patient on stopping smoking, on taking this prescription, or needing this operation. Selling is just another form of persuasion. On this podcast, I'll share with you a 7-step video creation process that you can implement on your website, the same process that has helped sell m

Listen to this episode: play the audio Most residency training programs, if any, focus their attention into molding their graduates to become employed physicians. Despite this, there are a few academic doctors willing to buck the trend, and forge their own path. Dr. Francis Yoo is one of those doctors. Long wanting to go out on his own, he recently successfully launched his own cash based practice on his own terms. He now helps other doctors achieve their own goals by providi

Listen to this episode: play the audio This might be the most powerful recording I've ever done! OK, I admit, that sounds like hyperbole but it really don't believe so. The GG6 System (Goal-Getting 6) System is what helped me retire from corporate medicine, start a cash-based clinic, and even buy the house of my dreams! There are many programs that talk about setting goals, but I believe there are a few pieces missing to making those goals truly attainable. I'm super excited