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So Money with Farnoosh Torabi

786: Dr. Peter Kim, Founder of PassiveIncomeMD.com

So Money with Farnoosh Torabi

Farnoosh Torabi

Business, Entrepreneurship

4.72K Ratings

🗓️ 24 September 2018

⏱️ 33 minutes

🧾️ Download transcript

Summary

In the Iranian culture, if your child becomes a doctor, this is the ULTIMATE trophy for a parent. And while being a doctor comes with a great deal of integrity and pride...building a solid financial life as a doctor is not as simple as it once was with the heaps of student loan debt many doctors today have.

And as our guest today will explain, many physicians are not equipped with the financial know-how of managing their money and growing wealth.

Peter Kim is our guest and he is an anesthesiologist AND real estate and passive income expert. Last I checked, being an anesthesiologist was one of the highest paid tracks in medicine. So, what motivated Peter to rethink his profession?

For years Peter blogged anonymously at PassiveIncomeMD.com about his exploration into real estate as a side hustle. He also runs the real estate company CurbsideRealEstate.com to help educate physicians about the homebuying process. Did you know there’s a thing called a physician’s home loan?

Peter recently lifted the veil on his site to share his name and more details about his personal life to the thousands of readers he’s cultivated over the past few years.

Today he is a physician by CHOICE, as well as an avid real estate investor.

You can learn more about Peter Kim by visitingwww.passiveincomemd.com and www.curbsiderealestate.com. Follow him on twitter @passiveincomemd.

Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open!


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Transcript

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0:00.0

So Money episode 786, Dr Peter Kim, anesthesiologist, and founder of passive income

0:06.8

MD.

0:07.8

You're listening to So Money, with award-winning money Guru Farnu Farnoosh Karabi.

0:14.0

Each day get a 30 minute dose of financial inspiration from the world's top business minds,

0:19.1

authors, influencers, and from Farnuys herself.

0:23.0

Looking for ways to save on gas or double your double coupons?

0:27.0

Sorry, you're in the wrong place.

0:29.0

Seeking profound ways to live a richer, happier life.

0:32.0

Welcome to So Money. ways to live a richer, happier life.

0:32.6

Welcome to So Money.

0:36.2

In the Iranian culture, if your child becomes a doctor,

0:39.7

you're basically parent of the year.

0:41.6

And while being a doctor comes with a great deal of

0:43.4

integrity and pride and responsibility, the income is not as great as it once was

0:49.0

when you factor in things like student loans and the cost of living. And as our guest today will explain, many

0:55.6

physicians are not equipped with the financial know-how of managing their money and growing

1:01.1

wealth. Welcome to So Money everyone.

1:03.7

I'm your host, Farnish Terabi.

1:05.4

Dr. Peter Kim is our guest and he is an anesthesiologist

1:09.2

and real estate and passive income expert.

1:13.1

You know, last I checked, being an anesthesiologist was one of the highest paid tracks

1:16.9

in medicine, one of the highest paid careers in general.

...

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