The Passive Income MD Podcast

Yes, even doctors make mistakes when it comes to their career and personal life. Mistakes can often become costly and so we try to avoid them at all costs. Although, no matter how careful we are, mistakes are inevitable…especially in our personal lives. The key is to minimize those issues by being conscious in those areas, and be deliberate to avoid those mistakes.  In this episode, Dr. Peter Kim...

Attending a Real Estate Conference is a little like speed dating. A big event gives you the opportunity to meet with various syndicators, operators, brokers, or investors. Believing in the phrase "success leaves clues," seek time at conferences with those who have years of experience. Peter's goal in attending the conference was to ask those with years of passive real estate experience, if this is...

Real estate investing involves risk. Any investment involves risk.  That's why careful research and risk assessment are essential. It's impossible never to lose money, but you can reduce your risks with a few simple steps.  In this episode, Dr. Peter Kim discusses the five things you can do before investing in passive real estate.   Did you know I have a newsletter dedicated to sharing active real...

In this episode, Dr. Kim interviews an amazing physician-entrepreneur, Dr. Renee Dua. In 2022, Dr. Dua launched Hey Renee , the first-ever healthcare assistant that combines human support with advanced AI to ease the burdens of healthcare. Dr. Dua is also the co-founder of HEAL. Heal was founded on the principle idea that improving health outcomes starts by meeting patients where they're most comf...

In this episode, Dr. Kim interviews Dr. Stephanie Pearson. She is known as an inspiring physician turned entrepreneur with a fantastic story to tell. She is an OB/GYN and CEO of PearsonRavitz, passionate about helping people through life and disability insurance.   After getting injured while in practice, Stephanie's career as an OBGYN was compromised. After years of reinventing and figuring out w...

In this episode, Dr. Kim interviews Dr. Bonnie Koo. She is one of the most fascinating women in medicine. She is a dermatologist and certified life coach passionate about helping Type-A, successful women with personal finance strategies.  While facing her own financial struggles after completing her medical degree at Columbia, Bonnie educated herself on how to make her money work for her. Now, she...

In this episode, Dr. Kim will share the reasons he has observed that physicians are turning to side hustles.  Practicing medicine has undergone vast changes in the past 10 years. The pathway used to be clear: study hard, work hard, and you'll be rewarded with a good life. Unfortunately, those same rules don't seem to apply to physicians today.  Listen in to hear his story and the reasons a physici...

In this episode, Dr. Kim will share the five ways that you can invest in real estate without being a landlord.  Actively investing and being a landlord is only for some. That is one of the reasons that Dr. Peter Kim has chosen to pursue passive real estate investing; it has provided him with the best return on his time.  Do you want to invest in real estate but don't feel you have the time or capa...

In this episode, Dr. Peter Kim shares one of his favorite interviews that was featured at our Leverage & Growth Summit. Dr. Will Kirby will inspire you to take action on becoming the voice and brand of your medical specialty, side hustle, or passion project. Dr. Will Kirby is an expert in aesthetic dermatology education, board-certified dermatologist, he is the Chief Medical Officer for the nation...

In this episode, Dr. Peter Kim will explain the 8 ways you can prepare and protect your family's future, otherwise known as estate planning.  Although discussing death and making plans for your family may initially feel uncomfortable, doing so can reduce your anxiety about the future and provide you clarity as you decide what's essential to you. Most significantly, it aids in safeguarding and supp...

In this episode, Dr. Pete Kim will provide you with the four-step process to dominate during a recession. Throughout history, there are proven strategies that have risen during a downturn to take advantage of the current economy. After all, the greatest transfer of wealth happens in downturns or recessions, and these happen cyclically.  The value of being prepared is that when others are scared or...

Are doctors really "risk averse?"  In this episode, Dr. Peter Kim will provide you with a 5 step process to move from being "risk averse" to a "risk manager" to get the outcome you want.  Physicians utilize the risk-benefit ratio daily to help you process the level of benefit received for the decision made. To be risk averse is about the caution you take, which may cause the inability to make deci...

In this episode, Dr. Peter Kim talks about the three keys to successfully starting a physician-led business and finding the right people that have wisdom that can guide you and share your urgency to start a business.  Join our community at Passive Income Docs Facebook Group. Just click below… JOIN THE PASSIVE INCOME MD COMMUNITY

In this episode, Dr. Peter Kim interviews Nathan Clayberg, Assistant Vice President at MLG Capital. MLG Capital is a real estate investment manager with a 35 year track record of delivering attractive, risk-adjusted returns for investors. In the current real estate market, many investors are looking at it with fear… although this is a time for opportunity. In this episode, we will dial in on where...

There is value in looking to the past and being grateful for what you have experienced. You've heard it said that gratitude is the key to happiness. Each morning, devote a few minutes to recall what you are thankful for… the people, the experiences, or the challenges you've had to overcome. The truth is, you wouldn't be who you are today without them! The hurdles you have crossed are what have str...

In this episode, Dr. Peter Kim passes on to you his roadmap or system that helped him create his IDEAL life. The IDEAL roadmap to success is broken down into an acronym to help you pursue success.  Join our community at Passive Income Docs Facebook Group by CLICKING HERE  

What does it take to be successful? Modeling successful people is one way to do that.  As physicians, we're no strangers to studying. We're also no strangers to learning from others. In other words, we know how to model successful people. We've all spent countless hours with our heads buried in books, trying to absorb every bit of knowledge in what little time we had. But how many of us even think...

In this episode, Peter interviews Don Wenner, the founder, and CEO of DLP Capital, one of the fastest-growing private companies in America.  Don will share his inspirational entrepreneurial journey and talk about smart investing in today's world, how to face uncertain risk, what to look for in a sponsor you can trust, evergreen investing, and how to create lasting generational wealth. To learn mor...

Passive real estate investing is a great vehicle to generate monthly cash flow. Many question if real estate is truly passive income. The answer to this question depends on how you look at it. Dr. Peter Kim defines it as "income that is not proportional to the time you put into acquiring it."   In this episode, Peter will discuss the three keys that he advises passive real estate investors to have...

In this episode, Dr. Peter Kim will reflect on one of his investment losses, his mistakes, and what he learned from them. He will share the timeline, details, and the continued struggle of how a suitable property went sour, hoping you will learn from his mistakes and maximize your gains.

When saving for retirement.. is it better to undershoot or overshoot your goals? In today's podcast, Peter discusses the idea of gradual retirement. This method is applied when you choose to cut back as you work to reach your retirement goals slowly. There are two choices. The first is to undershoot or delay your plan so that you can enjoy time with your family now. The second choice is to oversho...

INTRO SENTENCE   Financial Freedom Through Real Estate (PIMDCON), live and virtual conference for doctors and high-net-worth individuals in the same room. From the stage, online, or in casual discussions, the event was a buzz with conversations on real estate, mindset, sharing tips, and strategies.    At PIMDCON there was a community that walked away with action steps, takeaways, and key points to...

Netflix doesn't cost $17.99, It costs "your time." A fast food value meal doesn't cost $4.99, it costs "your health." Social media isn't free, It costs "your focus." There is always a hidden cost. It's important to think about a lot of things in terms of "opportunity cost." In this episode, Dr. Peter Kim will define "opportunity cost" and the risk or fears that are often associated with it. 

You may have heard that all debt is bad. Although not all debt is created equal. Debt can be used as a tool to create greater wealth. Of course, this is only true when used carefully and wisely. One way that some investors have used debt to their advantage is to make use of a Home Equity Line of Credit (HELOC). It's a line of credit that can be used to purchase new investments and make debt work f...

There's a lot to know about real estate investing, from finding the right market to taxes. No matter whether you're brand new to real estate or you've been in the game for years, there's no denying that it can all feel a little overwhelming. After years of working in the real estate industry, Peter will share in this episode what he has observed from those who are leaders in this field. Success le...