A colleague of mine asked me to have coffee with him a couple of weeks ago. He’s a great doctor who does enormously good work for his patients and our community.
While he’s not old by any stretch of the imagination (teenagers might think he’s ancient), he is starting to feel his age.
He’s tired of taking every fourth night call and trying to manage a full clinic the next day on little to no sleep. He also laments the hours away from his family and sees the window of opportunity closing as his children are rapidly approaching college age.
A couple of years ago he wanted to learn more about diversifying into commercial multifamily real estate investing and whether or not that might be right for him.
He had read my blog and even went to a live educational learning event. Ultimately, he decided to invest in apartments. And, his apartment investments have performed very well.
So, we met for thirty minutes or so and talked a lot about medicine. He never said the words, “burned out” but that is what he was describing.
I can always relate to these conversations, because I burned out years ago. I still love patient care, but it sure feels like the bureaucrats have regulated the joy out of medicine.
He ended the meeting by thanking me profusely.
And perhaps he gave me too much credit, but he actually said that I had changed his life for the better.
For the first time in his career he sees a light at the end of the tunnel. His investments are working for him and he can now envision the day in which he can cut back and even the day that he can retire.
You see, I went into medicine to help others.
And, I invest in commercial multifamily real estate so that I can take care of my family and spend more time with them.
Because of my direct experiences with apartment investing, I knew I should also share this information with my colleagues.
I started NestEggRx to do just that. I educate others about this asset class because I have directly experienced the benefits and I strongly believe that all physicians should learn how this asset class works and determine whether it’s a fit for them
It’ss that simple.
I tell you this, because I’ve had a very strange couple of weeks. In fact, had I not known better, I would have thought I was in the Twilight Zone!
I’m almost certain that Rod Serling is messing with me from the grave.
Let me tell you about it.
From time to time I have had sales people contact me wanting me to sell their product or service to other doctors.
I always turn them down as they clearly misunderstand my mission.
Sure I could sell ads on my website or do affiliate marketing or get sponsors and that would certainly put money in my pocket; but how does that help my colleagues?
I believe that the best thing physicians can do for themselves and their families is to create options. I did this through better investments and I educate my audience about how they can do that too using commercial multifamily real estate.
If it’s right for them then great; if not, that’s okay too.
So, in response to the six people who contacted me in the last two weeks trying to persuade me to offer their services to my audience, the answer is respectfully but adamantly “no.”
I won’t advertise your wares.
I won’t recommend your insurance products.
I’m not going to advise anyone to invest with some untested newbie or in some asset class I don’t fully understand. I’m just not going to do it. Period.
When I recommend, educate, share, etc. it’s always based on direct personal experience. I’ve researched it and I understand it. I’ve done my due diligence and I’ve put my money where my mouth is. That’ s who I am and that’s what I do.
Want to learn more?
Download your free copy of Evidence Based Investing and learn why it’s a preferred asset class.
Thanks, Dennis, for standing by your commitment to educate physicians.
You are most welcome Joe.