In this episode of the Limitless MD, Vikram Raya welcomes a successful physician turned entrepreneur, Dr. Daniel Shin. Together they delve into the typical journey of a physician, common pain points, and his journey from financial inexperience to stocks and eventually real estate. Dr. Daniel Shin also touches on his influential blog, The Darwinian Doctor, and how it has helped keep him accountable. Not one to miss!

“I see every human as having unlimited potential… You could do incredible things, but most of us are not going to do those incredible things because we’re too busy trying to pay our bills.” 

– Dr. Daniel Shin

In This Episode:

00:00 Welcome back to another episode of the Limitless MD podcast

1:55 Introducing Dr. Daniel Shin

2:34 Dr. Daniel Shin explains where he is now professionally

3:15 Daniel delves into his childhood and how it influenced where he is today

6:43 He explains that so much of his time was taken up with working and commuting, and that he felt handcuffed to his paycheck due to high expenses

7:53 Dr. Daniel Shin on burnout a couple of years into practice and what that felt like

8:49 Daniel was feeling goalless and very trapped by expenses and debt from med school

9:20 How he took it into his own hands and created a new goal of financial freedom

9:45 How podcasts were the first step to learning how to become financially free

10:54 The podcasts that Dr. Daniel Shin was listening to during his commute, and the first step to his new goal of financial freedom

11:52 Daniel talks about his initial plan of reaching his goal in 15 years

14:10 Why Daniel decided to grow the blog—which was initially just a place to collect his thoughts and hold himself accountable

15:46 Does Daniel have a virtual assistant?

16:30 The transition from stocks to real estate

18:10 Taking advantage of tax incentives

20:00 The first fundamental step is education and the podcasts that Daniel turned to during the transformation to real estate

21:51 Daniel’s first purchase

22:45 Daniel’s second turnkey purchase

24:14 The process that Daniel used to build most of his portfolio

26:46 The biggest worry and stress on doctors these days

29:45 Daniel talks about the responses he has been getting from others about his projects and passions outside of medicine

31:26 The impact that Daniel would like to have on the world

33:23 The Modern Renaissance

35:27 Outro

Resources mentioned: 
– Long-Distance Real Estate Investing Book – BiggerPockets – https://www.amazon.com/Long-Distance-Real-Estate-Investing-State/dp/B09B
1C57J6

– Bigger Pockets Website – https://www.biggerpockets.com/blog/long-distance-real-estate-investing-success

– BiggerPockets Podcast – https://www.biggerpockets.com/podcasts/real-estate

– Mid South Home Buyers – https://midsouthhomebuyers.com/

–  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

Connect with Vikram:

– Website: https://vikramraya.com/

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

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

– LinkedIn: www.linkwithvik.com

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

Connect with Dr. Daniel Shin:

 
– Website: https://thedarwiniandoctor.com/

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

– LinkedIn: https://www.linkedin.com/in/daniel-h-shin-9063aa75/

– TikTok: @thedarwiniandoctor

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