Category: Mindset Shift

In this episode of the Doctors Building Wealth podcast, I reflect on the valuable lessons I’ve learned as a physician-turned-entrepreneur. Over the last decade, I’ve been involved in creating six multimillion-dollar businesses, balancing both my role as a hospitalist and my entrepreneurial ventures. The journey has taught me much about perseverance, resourcefulness, and the importance of a bigger purpose in business. As physicians, we are trained to diagnose, treat, and heal. But when we transition into entrepreneurship—whether it’s through real estate investing or starting a new business—we must adopt a different mindset and skill set. In this blog post, I’ll dive into some of the key lessons I’ve learned and share how you can apply them to your journey toward financial freedom and escaping burnout.   Embracing Discomfort: The Power of Being the Only Physician in the Room As a doctor stepping into the world of entrepreneurship, I often found myself as the only physician in a room full of seasoned business owners. At first, this felt uncomfortable. It’s easy to feel out of place when you’re surrounded by experienced entrepreneurs—especially if you’re new to this space. Key Takeaway: If you’re starting your own business or real estate investment journey,

Listen Now: In this episode of the Doctors Building Wealth podcast, Leti and Kenji interview Rod Khleif, a seasoned real estate investor, entrepreneur, and philanthropist. Rod shares his inspiring journey from humble beginnings as a Dutch immigrant to owning thousands of rental units and becoming a prominent figure in the real estate world. His story underscores the importance of mindset and psychology in achieving success, emphasizing that 80-90% of success comes from one’s mindset, while only 10-20% is attributed to technical knowledge.   Rod recounts the highs and lows of his career, including losing $50 million during the 2008 financial crisis and how he rebuilt his wealth by focusing on personal growth and mindset. He highlights the importance of goal setting, maintaining a burning desire, and stepping out of one’s comfort zone—principles that have been instrumental in his wealth-building journey.   Rod also discusses his commitment to giving back and how his philanthropic efforts have enriched his life and fueled his success. This episode is packed with valuable insights for anyone looking to build wealth through real estate while making a positive difference in their community. Don’t miss these life-changing lessons!  

Listen Now: In this week’s podcast, we interview Dr. Gregory Hanson. He is a radiologist by training who founded flipMD, a physician-focused freelancing platform. What is truly remarkable about his story is that he started this company with his wife during residency and sold it to GoodRx in a little less than two years! Not only that, he did this with very little venture funding and he also managed the entire M&A (mergers and acquisitions) process himself without a broker. In this episode, we also delve briefly into his real estate journey. Like so many others in our community, he invested in short-term rentals, not only for the cashflow but also for the tax advantages.    

Listen Now: This week’s guest is Dr. Latifat Akintade.  She is a practicing Gastroenterologist with an emphasis in Inflammatory bowel diseases. She is also the founder of MoneyFitMD, a money coaching platform for women physicians and author of Done with Broke.  She knew nothing about money, investment or real estate until about 5 years ago when she realized that she was on the fast track to burn out.  In the last 5 years, she and her husband have achieved financial independence through diversifying their sources of incomes. They started actively investing in 2019 after completing the Zero to Freedom course with Leti and Kenji. They currently own 11 doors in California and Washington state. With the right tools, she believes every woman physician can create their own rich life. Real estate can be a key part of that vehicle. She also believes that money is a tool for change and critical in our conversation of helping disempowered women physicians become empowered money badasses. When physicians are financially independent, they will practice medicine because they want to and not because they have to. When she is not coaching physicians or treating GI illnesses, she enjoys traveling with her family, spending time

Listen Now: Would you consider yourself a planner? Many, like Kenji, don’t see themselves as planners. In fact, research has shown that people with Kenji’s personality type actually struggle with planning. The reason is, his personality is a go, go, go-type personality. He’s constantly getting sh*t done, so stopping to plan feels like waste of time. However, over the last 3-6 months, this has all changed. Now, instead of labeling himself “I’m not a planner,” he now loves to plan and can’t imagine beginning his day without a plan. Why the dramatic shift? He reached a threshold. A threshold is the point at which you get fed up with your current situation and you decide to make a change. So how did he make the shift? First thing is, he changed his identity. See, if you label yourself “I’m not a planner,” then you will do whatever it takes to maintain that identity. Once you change your identity to “I’m a planner,” things start to change. All of a sudden, you no longer fiercely hold onto the old identity. Second, he made time for it each day. It is actually built into his daily schedule. Third, he started to see

Listen Now: If you’re an entrepreneur or thinking about becoming one, you’ve probably heard about the value of Masterminds. But what is a Mastermind? And what exactly are the benefits? In this episode, we are joined by the other members of our Mastermind (Dr. Peter Kim, Dr. Sunny Smith, and Dr. Bonnie Koo) to share how ours began and how it’s had a profound impact not only on our respective businesses but other aspects of our lives as well. So when are you going to start your own Mastermind group?

Listen Now: Have you ever heard yourself say, “I just don’t have enough time to do [fill in the blank]. This is one of the most common excuses we hear from prospective students of our Zero to Freedom and Accelerating Wealth courses. They say, for example, “it’s not a good time, maybe in 6 months.” We understand that life happens and some people legitimately have more important things going on in their lives that they have to prioritize. But our guess is that it’s the minority. Most people thinking about getting into real estate investing, DO have the time. Where does this come from? Oftentimes, it’s rooted in fear. It’s an excuse that they make up in their minds to help them cope with the fact that they aren’t taking action. The reality is, they just aren’t making it a priority. Ultimately, we all have the time to handle whatever we make a priority. If a loved one fell ill, you’d find the time to take care of them because their well-being is a priority to you. So, is becoming financially independent a priority for you?  

Listen Now: Sharon McLaughlin, from Female Physician Entrepreneurs, shares how she went from burned-out plastic surgeon to serial entrepreneur. Her latest entrepreneurial venture is focused on creating a space for women physicians to talk about business building. Through these experiences, she has accumulated a number of do’s and don’ts for physicians who are starting their own businesses. Some of them you may know but others may surprise you! Click here to find out more about Sharon and her Female Physician Entrepreneurs Network.