logo
episode-header-image
Aug 2022
12m 12s

#121 Why Creating Multiple Streams Of In...

PETER KIM, MD
About this episode

In this episode, Dr. Peter Kim discusses why it is essential to have multiple strings of income. Seeing how things have changed, Peter now believes that creating multiple strings of income is no longer optional, you have to consider it if you want to live the life you want to have. 

It's becoming more and more common to see people, regardless of their careers, lifestyles, or situations, working towards creating streams of income outside of their day job. It’s no longer a fun hobby. Now, it’s actually a necessity, even for physicians.

Why do you feel that creating multiple streams of income is necessary for physicians? We would love to hear from you! Join us on our Facebook Group Passive Income Docs

Up next
Aug 25
#278 Is Traditional Financial Planning Broken for Doctors?
In this episode, Dr. Peter Kim interviews Austin Dean, Founder and CEO of Waystone Advisors, to explore a fresh approach to building wealth through nontraditional financial planning. Austin shares how physicians and high-income earners can escape “money jail,” create financial fl ... Show More
30m 38s
Aug 18
#277 Should You Still Buy Real Estate with High Interest Rates?
In this episode, Dr. Peter Kim interviews Dan Peck, Senior Loan Officer at Movement Mortgage, to tackle a common question: Should you still buy real estate with high interest rates? Dan shares valuable insights on navigating today’s market, explains creative mortgage solutions, a ... Show More
39m 37s
Aug 11
#276 Is a Financial Advisor Worth It? What Doctors Need to Know Before Hiring One
In this episode, Dr. Peter Kim tackles a question nearly every physician faces: Should you hire a financial advisor or manage your money yourself? You’ll learn the three questions to ask before hiring one, the pitfalls to avoid, and why you should never fully hand over control of ... Show More
14m 52s
Recommended Episodes
Jan 2023
How to Create Multiple Streams of Passive Income Now
Did you know that passive income is one of the best ways to build wealth? It sounds pretty good, but passive income also has some flaws. The problem is when most people talk about passive income it isn’t actually passive income, like buying a business where you actually have to w ... Show More
45m 32s
Jun 2017
026 | Physician on FIRE | FI for Medical Professionals | Financial Freedom vs Financial Independence
026 | Today we welcome the Physician on FIRE to the podcast to talk about his path to FI as well as tips and hacks for other high income and medical professionals to get on the path to Financial Independence. In Today’s Podcast we cover: Our guest on the show today is Physician o ... Show More
48m 7s
Dec 2021
The Passive Income Calculation
There are three main categories of income: active income, passive income, and portfolio income. For this episode, I am going to show you why the vast majority of millionaires are created from PASSIVE income... 
1h 25m
May 2020
How to make extra money to help your finances survive the pandemic
The coronavirus pandemic has changed our lives dramatically. And with many in the UAE and around the world now dealing with a salary cut or job loss, there has never been a more important time to diversify how you earn your income.If you only rely on the salary you earn from your ... Show More
25m 48s
Apr 2020
3 Things You Need To Know About Passive Income
How great would it be to wake up every day and have passive income give you your dream lifestyle? Unfortunately, there are 3 things you need to know about passive income before you ever try to pursue it. So in today’s episode, Dan Lok is going to share what most people never tell ... Show More
5m 29s
May 2020
Introducing: The Personal Finance Podcast
Welcome to The Personal Finance Podcast. Everything you were ever told about money is likely wrong. Hey, that’s not your fault, You were never taught this stuff. That’s where I come in. You don’t need to master some technical jargon or have a fancy pants advisor. You just need to ... Show More
1 m
Aug 2022
441: How to Make More Money
If you've been paying attention to the news lately, you know that the cost of pretty much everything is on the rise. Food, housing, gas, utilities, and other goods rose by 9.1% over the past 12 months—a 40-year high! Most people can barely sustain the life that they have, let alo ... Show More
51m 25s
Sep 2021
494: Income Opportunities You Might Be Missing as a First Time Entrepreneur
If you have more than one revenue streams that work for you -- some passive, some active, some more significant than others -- you’ll have plenty of back-up options to rely on and keep your finances healthy long-term.Whether you sell a product or a service or you have a digital o ... Show More
35m 36s
Aug 2022
#30 How to Scale & Multiply Your Income
Everyone wants to increase their income. In this episode, Grant shows you a five step process to scale your income to levels you haven't seen before. Learn more about your ad choices. Visit megaphone.fm/adchoices 
21m 33s