Number 1 Thing That Holds Doctors Back [Limitless MD, Episode 11]
Peter Kim is the Passive Income MD and after realizing he wanted more than to just be a doctor, he started a business generating passive income and became a pioneer in the physician community. He joins me this week to share what motivated him to get started with creating passive income, the number one thing holding doctors back from doing the same, and the simple steps and tangible advice he recommends to help you gain financial freedom.
“How do you create income streams that will free up your time and your life? Through passive income.”
– Peter Kim
In This Episode:
0:00 Welcome back to another episode of the Limitless MD podcast
1:08 Hear Peter’s goal when it came to his medical training
4:30 Peter shares how he created PIMD and how far it’s reached 5 years later
6:13 Discover the number one pain point for doctors right now and what’s holding them back from the freedom we’re all chasing
7:47 Wondering where to start with a side hustle? Here are some suggestions…
9:00 Peter shares one of the side hustles he created in medical school
10:04 Hear one of the side hustles that most people have success with
12:38 Peter shares his advice for medical residents or fellows about to enter the real world
14:21 Hear what you shouldn’t do or what advice you should ignore as a medical student
16:07 Learn how Peter stepped up as a leader to help physicians and why…
19:00 Peter and I discuss some of the businesses people have started during the pandemic
20:00 Find out some of the setbacks Peter experienced that set him up for later success
22:13 Peter shares his favorite failure and the reason for it
23:33 These two books are highly recommended by Peter…
25:50 Want to create financial freedom in your life? Here’s some tangible advice…
30:32 A recap of Peter’s top steps for gaining financial freedom
31:46 If Peter could send one text message to billions of people, this would be the message he wanted people to hear…
32:52 Want to get to know Peter? Here’s how…
34:44 Podcast outro
Resources Mentioned:
– Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki: https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194
– Rich Dad’s CASHFLOW Quadrant: Rich Dad’s Guide to Financial Freedom by Robert T. Kiyosaki: https://www.amazon.com/Rich-Dads-CASHFLOW-Quadrant-Financial/dp/1612680054/
– Atomic Habits by James Clear: https://jamesclear.com/atomic-habits
Resources:
– Join our FREE group coaching program: the Physician Wealth Accelerator
– https://vikramraya.com/programs/
– 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 Peter Kim:
– Website: https://passiveincomemd.com/
– Instagram: https://www.instagram.com/drpeterkim/
– LinkedIn: https://www.linkedin.com/in/peterkimmd/
– The Leverage & Growth Summit: https://www.pimdlogin.com/lgs2022
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
