Will you have enough money to retire? What does that even mean? In this pod, our guest physician financial coach, Elisa Chiang, M.D. Ph.D. breaks down

Trading time for money and money for time
Working harder vs creating value
The FIRE (Financial Independence Retire Early) movement and why it doesn't always mean living by austerity rules
The risk of relying solely on retirement accounts to fund your post-career life
Her biggest financial mistake
How identity influences spending habits
Incorporating real estate into an investment portfolio

Guest Bio: Elizabeth ‘Elisa’ Chiang, M.D. Ph.D. is a board-certified ophthalmologist and fellowship-trained oculoplastic surgeon who found her way into personal finance and real estate investing during her MSTP program, aspiring for FIRE long before it became mainstream. Battling burnout from her work in a hospital system, she turned to real estate as her avenue to financial independence, complemented by her newfound passion for life coaching. With active involvement in rental properties and passive investments in syndications and real estate funds, Elisa now helps others achieve financial independence while embracing life's journey. Learn more at https://www.growyourwealthymindset.com/

For full show notes of this episode and all sorts of other goodies, visit our podcast website

We discuss:

Why a high income does not equate to wealth
Working harder vs creating value
Once debt is gone, attention to money can dwindle
Finding a place to start investing can be overwhelming and lead to inertia
How to navigate a scarcity mindset
How identity influences spending habits
Money can buy time, but there's a catch
Elisa's biggest financial mistakes
How to decide if a real estate investment is a good (or bad) deal
Elisa’s big-picture financial strategy
Real estate investing for positive cash flow
If you only think about maxing out your retirement account, you probably won't retain the same lifestyle when you stop working
Beyond real estate investing, what are other areas for investment to produce cash flow?

Thinking Outside Your Retirement Account | Working harder vs creating value

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