Why Doctors Don’t Get Rich
In this episode of Paging Financial Freedom, Dr. Daniel Shin, a surgeon and real estate investor, and Lila Kaplan, a former Wall Street professional and certified financial planner, sit down with Dr. Tom Burns, orthopedic surgeon, real estate investor and author of Why Doctors Don’t Get Rich, to discuss how physicians can build wealth and create greater freedom beyond their medical careers.
Tom shares how he began investing in real estate during orthopedic residency and gradually built passive income alongside his career in medicine. He also shares the unexpected story behind his friendship with Rich Dad Poor Dad author Robert Kiyosaki and how that relationship eventually inspired him to write his own book.
The conversation explores why a high physician income does not necessarily lead to financial independence, how passive income can help doctors regain control over their time and what Tom has learned from investing through multiple real estate cycles. Daniel, Lila and Tom also discuss evaluating passive investments, choosing experienced operators, involving your spouse in financial decisions and redefining what it actually means to be “rich.”
