Will you have enough money to retire? What does that even mean? In this pod, our guest physician financial coach, Elisa Chiang, M.D. Ph.D. breaks down 

• Trading time for money and money for time
• Working harder vs creating value
• The FIRE (Financial Independence Retire Early) movement and why it doesn't always mean living by austerity rules
• The risk of relying solely on retirement accounts to fund your post-career life
• Her biggest financial mistake
• How identity influences spending habits
• Incorporating real estate into an investment portfolio

Guest Bio: Elizabeth ‘Elisa’ Chiang, M.D. Ph.D. is a board-certified ophthalmologist and fellowship-trained oculoplastic surgeon who found her way into personal finance and real estate investing during her MSTP program, aspiring for FIRE long before it became mainstream. Battling burnout from her work in a hospital system, she turned to real estate as her avenue to financial independence, complemented by her newfound passion for life coaching. With active involvement in rental properties and passive investments in syndications and real estate funds, Elisa now helps others achieve financial independence while embracing life's journey. Learn more at https://www.growyourwealthymindset.com/

For full show notes of this episode and all sorts of other goodies, visit our podcast website

We discuss:

• Why a high income does not equate to wealth
• Working harder vs creating value
• Once debt is gone, attention to money can dwindle 
• Finding a place to start investing can be overwhelming and lead to inertia
• How to navigate a scarcity mindset
• How identity influences spending habits
• Money can buy time, but there's a catch
• Elisa's biggest financial mistakes
• How to decide if a real estate investment is a good (or bad) deal
• Elisa’s big-picture financial strategy
• Real estate investing for positive cash flow
• If you only think about maxing out your retirement account, you probably won't retain the same lifestyle when you stop working
• Beyond real estate investing, what are other areas for investment to produce cash flow?
• F.I.R.E Financial Independence Retire Early | Survival, Regular, and Fat FIRE
• How to figure out how much FIRE money you'll need to stop working
• Will my retirement funds actually last? Rate of withdrawal and sequence of returns risk 
• Fat FIRE | Spending more in retirement than you did while working

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