I’ve met and befriended a lot of doctors in this great country of ours, and those who have become financially free generally follow my rule that you need 3 sources of income. You must have an ACTIVE income (work part-time or less a week), PASSIVE (or nearly passive) income (401K, real estate, investments), and PASSION income (town your own business or be involved in ventures you truly love).
Dr. Christopher Loo is a surgeon but no longer practices medicine. In fact he became financially independent during his 2nd year of residency! On this episode, you will learn about his journey, how he became financially free, the importance of becoming a physician consultant, and how he lives his life with authenticity. It’s a remarkable story that I wanted to share with you and I hope you become inspired. I know I was!
How entrepreneurship shaped his world view at an early age [4:42]
A dilemma Dr. Loo faced between orthopedic surgery and his true passions [8:19]
What skill sets he attained that led to financial success [9:48]
What he said to his residency director when he left training [11:47]
How to deal with “haters” [13:52]
Why you should never go into medicine for the money [20:24]
Risk and physicians – why the do not necessarily mix [22:51]
What.type of business he feels is great for “everyone” [27:46]