Passive Income Doctor

Awesome interview with Steve Palise, commercial buyers agent.
Some highlights:
•first property purchase going from 230k to 330k in 1 year!
•making the switch from residential to commercial
•myths around capital growth of commercial
•how you can get into commercial from as low as 150k purchase price
•doctors often setting unrealistic passive income goals
•pros and cons of Commercial

Listen to the end, to find out how to get Steve's book for free!

Resources/links:
paliseproperty.com
Listen to a doctor who has used Steve Palise: Dr Anna Pham's Property Journey

Music Credit: Bass Nation.
New episode every fortnight.
Send in your questions to: passiveincomedoctors[AT]gmail.com
If you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810

Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Youtube channel/video podcast: Passive Income Doctor - YouTube

Common scenario- household with 1 or 2 doctors,  high incomes but high expenses:  mortgage, insurance, CPD, private school fees for kids, some holidays, etc. And of course, most doctors don't earn the big money until their 30s (or even later), whilst other professions would have had a head start earning and investing in their 20s.

In this episode, I explore why some doctors are not as financially well off as they could be. Then I explore the opposite: how doctors CAN get rich.

Resources/links:
Property Investing for Doctors
Buying my first property at 23 years old

Music Credit: Bass Nation.
New episode every fortnight.
Send in your questions to: passiveincomedoctors[AT]gmail.com
If you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810

Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Youtube channel/video podcast: Passive Income Doctor - YouTube

Controversial topic: GPs in Australia switching to private billing. In this continued interview with Dr Suresh Khirwadkar, he shares:
• why more doctors are moving away from bulkbilling
• benefits in private billing
•fears around drop in patient numbers
•social media! sharing about carnivore diet, growing his Youtube channel and podcast

Resources/links:
Find more about what Dr Suresh is up to at: The Meat Medic
A new report shows almost 65 per cent of GPs no longer offer bulk billing to patients | Sky News Australia
7 Side Hustle ideas for doctor (Locum Australia)

Music Credit: Bass Nation.
New episode every fortnight.
Send in your questions to: passiveincomedoctors[AT]gmail.com
If you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810

Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Youtube channel/video podcast: Passive Income Doctor - YouTube

Today Dr Suresh Khirwadkar shares his journey, from NHS in the UK, to working as a GP in Australia.
We talk about how money lessons in childhood influence him today, turning $500 into $500,000 with a timely property decision, and then the challenges associated with constructing a house in post-COVID and higher interest rate world.

Resources/links:
The Meat Medic
Passive Income with 2.5Million dollar portfolio (Dr JL part1)

Music Credit: Bass Nation.
New episode every fortnight.
Send in your questions to: passiveincomedoctors[AT]gmail.com
If you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810

Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Youtube channel/video podcast: Passive Income Doctor - YouTube

Doctors are trained to put patients first, but how often do they take a moment to look after themselves?
From unpaid overtime, to working through lunchbreaks, to extracurricular commitments to boost CV... self-care is important to prevent burnout.

3 aspects of self-care I explore in this episode: physical, mental, financial.

Resources/links:
Self-care-and-mental-health-resources-for-general-practitioners.PDF (racgp.org.au)
Doctors Health Advisory Service https://doctorshealth.org.au/
Why Doctors don't get Wealthy

Music Credit: Bass Nation.
New episode every fortnight.
Send in your questions to: passiveincomedoctors[AT]gmail.com
If you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810

Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Youtube channel/video podcast: Passive Income Doctor - YouTube

Common question I’m often asked, is how do you determine how much to offer for a property? The agent has listed a price guide, but what is it actually worth?
Other topics covered:
How to use comparable sales to your advantage.
How to challenge a bank valuation.
Mindset minute-  Risk comes from not knowing what you are doing.

Resources/links:
How does a professional valuer assess what your property is worth? - OpenAgent
Buying my first property at 23 years old

Music Credit: Bass Nation.
New episode every fortnight.
Send in your questions to: passiveincomedoctors[AT]gmail.com
If you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810

Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Youtube channel/video podcast: Passive Income Doctor - YouTube

Why is borderless investing on the rise?
Investing interstate can mean professionals living in expensive cities, are able to get a foot on the property ladder.
In this episode, I share experiences with investing in other cities,  factors to consider when choosing a suburb,  gentrification and a lot more.\

Resources/links:
Can you predict which parts of Sydney will be next to gentrify? | Sydney | The Guardian
Gentrification - Picking Suburbs Set to Shine - May 2020 (propertybuyer.com.au)
Buying my first property at 23 years old

Music Credit: Bass Nation.
New episode every fortnight.
Send in your questions to: passiveincomedoctors[AT]gmail.com
If you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810

Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Youtube channel/video podcast: Passive Income Doctor - YouTube

Why are so many doctors unhappy? Why do some always struggle with money, whilst other people seem to have money under control? Today we explore ‘Happy Money’and lessons learnt from this bestseller book.

Resources/links:
Why are doctors so unhappy? - PMC (nih.gov)
Happy Money: The Japanese Art of Making Peace with Your Money : Honda, Ken: Amazon.com.au: Books
Another book review: 20 Must Ask Questions for Every Property Investor (Margaret Lomas)

Music Credit: Bass Nation.
New episode every fortnight.
Send in your questions to: passiveincomedoctors[AT]gmail.com
If you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810

Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Youtube channel/video podcast: Passive Income Doctor - YouTube

6 properties in 18months!
Today I interview Richard Bharata, an investor who has turned his hobby into his own business, helping others purchase properties also.
We talk about his professional background, his drive for passive income, and lessons he has learnt along the way.

Resources/links:
Buyers Agency – Buyers Agency (ipropertyfinder.com.au)
Richard's email- [email protected]
Another chat with Richard- Capital Growth vs Cashflow (Richard Bharata)
Passive Income with 2.5Million dollar portfolio (Dr JL part1)

Music Credit: Bass Nation.
New episode every fortnight.
Send in your questions to: passiveincomedoctors[AT]gmail.com
If you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810

Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Youtube channel/video podcast: Passive Income Doctor - YouTube

Scarcity vs Abundance mindset, this important concept influences our personal and financial life. 
Often feelings of jealousy or inadequacy arise when we see a colleague, or even a stranger having more success than us. Another aspect of scarcity mindset is frugality, and saving at all costs, and this may be ingrained from an immigrant background.
And finally, we touch on how doctors are trained in a scarcity mindset, and how to break free to reach financial abundance.

Resources/links:
5 Ways To Go From A Scarcity To Abundance Mindset (forbes.com)
Scarcity Mindset in Medicine - Dr. Rupa (drrupawong.com)
Why Doctors don't get Wealthy

Music Credit: Bass Nation.
New episode every fortnight.
Send in your questions to: passiveincomedoctors[AT]gmail.com
If you are a doctor or dentist interested in property investing Australia, join my community: https://www.facebook.com/groups/315108673770810

Follow me on Instagram for first peek at new content, and my day-to-day life. Dr Dan (@passiveincomedoctors) • Instagram photos and videos

Youtube channel/video podcast: Passive Income Doctor - YouTube