Go From Passive to Active Income by Doing This with Dr. Vikram Raya
In This Episode:
Many medical doctors believe that their career is set, that their profit-sharing plan is a necessity, and that their lives and jobs are a done deal. They get stuck in this mentality, but those instruments where their money is held are being eroded every single day by inflation. The age of the legacy career with a pension is done, and the goal now is to have optionality. Options such as multi-family real estate are growing in value, and even benefiting from inflation. So knowing this and that there is power in buying assets, not instruments, how do medical doctors decide where to put their money? This week’s guest is here to help.
Dr. Vikram Raya is a medical doctor, cardiologist, and real estate investor. With an interest in functional medicine, he wanted to practice medicine in a different way but he needed the initial financial means to do so. Searching for alternative options led him to the world of multi-family real estate and he went on to start Viking Capital, a leading multi-family investment firm creating multi-generational wealth. Hear more about Viking Capital this week and why Vikram loves multi-family real estate, as well as the reason you should consider it as a viable place to invest your money.
The only reason people don’t make a change is due to their fear of failing or something going wrong. But the only thing that cures fear is action, and Vikram believes that anybody can do real estate investing if they are passionate and willing to learn. He joins Jim this week to share how he found the courage to break away from a traditional career as a medical doctor, and how breaking the time-for-money equation opened the whole world up. Vikram shares the ONE decision that changed his life, the insane returns you can get from real estate compared with the stock market, and what he has learned from multi-family real estate.
Resources Mentioned in This Episode:
The Gap and The Gain: The High Achievers’ Guide to Happiness, Confidence, and Success by Dan Sullivan and Dr. Benjamin Hardy
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki
Rich Dad’s CASHFLOW Quadrant: Rich Dad’s Guide to Financial Freedom by Robert T. Kiyosaki
Connect with Dr. Vikram Raya:
Coaching Website: https://vikramraya.com/
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