Burnout is at an all-time high for physicians. Medicare cuts are increasing, and so is the amount of bureaucracy and requirements on physicians’ time outside of clinical care. If this is an issue for you and you’re looking to protect yourself, the best way to do this is to create alternate income streams and diversification of your income.

There are many ways to do this, and in this episode, I’m sharing the number one thing that has lifted my income, net worth, and cash flow and how it can do the same for you. I’m sharing tangible and actionable advice to help you achieve income diversification and how this can help you build wealth, time, and financial freedom.

“The best time to invest in real estate was 10, 20, 30 years ago. The second best time is right now.”

– Vikram Raya

In This Episode:

0:00 I welcome you back to the podcast and introduce today’s topic: the #1 side hustle of wealthy doctors

0:29 Learn the reason I came up with this week’s topic and how it can benefit you

1:35 I share an interesting statistic about various income streams

3:03 Find out what has been the most powerful wealth creation vehicle on the planet for last 5000 years

3:41 Discover what passive income is and some ways you can create it in your life

5:44 I share the definition of a credit investor and some examples of what this can look like

7:35 Hear some active income strategies you can use to generate additional income

9:38 Learn the 3 Ts that no landlord wants to deal with when it comes to passive income and real estate

10:14 There is something a lot of physicians try to chase… find out what this is

10:33 Discover another way you can invest actively to generate additional income streams

12:05 I’m divulging the best time and the second best time to invest in real estate

12:29 Hear some resources and recommendations to learn more about what I’ve discussed in today’s episode

12:55 I share my challenge for you all

Resources:

–  Join our FREE group coaching program: the Physician Wealth Accelerator

– https://vikramraya.com/programs/ 

– Sign up to my email list

– Apply to work with Vik and book a clarity call here

– Fundrise:https://fundrise.com/

– Yield street:https://www.yieldstreet.com/

– Crowd street:https://www.crowdstreet.com/

– Viking Multifamily:https://vikingcapllc.com/

Connect with Vikram:

– Website:https://vikramraya.com

 – Instagram:https://www.instagram.com/vikramraya/

– Facebook:https://www.facebook.com/DrVikramRaya

– LinkedIn:www.linkwithvik.com

 – YouTube: https://www.youtube.com/channel/UCdq9M-kD0L2hy1UlfOK-hwQ

Special Thank You to Music Provided by Music Libraryhttps://soundcloud.com/music-library-non-copyrighted-sounds/300-violin-orchestra-jorge-quintero-copyright-and-royalty-free