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From Full-Time Pharmacist to FOCUSED Investor with Dr. Dylan Koch
Manage episode 341714654 series 3394108
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Dr. Dylan Koch talks about his mindset shift and how it impacted his journey from being a full-time pharmacist to focusing on investing in real estate. We’ll also hear about how Robert Kiyosaki’s book, Rich Dad, Poor Dad, influenced him to pursue financial independence and have multiple income streams.
Dylan did not have a mentor when he was starting. Instead, he learned how to leverage debts and invest in real estate through books and podcasts like this. Be all ears up to the end as Dylan shares his valuable advice to new pharmacists and pharmacy owners on replacing pharmacist income with passive investments. Listen now!
Key Points from This Episode
- How Dylan, a full-time pharmacist, transitioned to real estate.
- How Robert Kiyosaki’s book, Rich Dad, Poor Dad changed his mindset and impacted his journey.
- What made him decide to replace his pharmacist income with passive investments?
- Dylan’s advice to new pharmacy graduates: have a clear plan.
- Dylan’s first real estate investment deal: a duplex.
- The advantages of finding the right partner to work with in the deal.
- Dylan’s advice on property acquisition.
- Dylan’s advice to pharmacy owners who want to invest in real estate for passive income.
- What does he see in the market right now?
Tweetables:
“I can make my own money working for someone else and then build up my own stream of passive income.” [00:09:18]
“If you’re just graduating, write down what your goals are so at least you could set a clear plan on how to get there and then just reverse-engineer the plan from there.” [00:12:04]
“Focus on making more money first and then get yourself in a position where you can do the slow and steady compounding wealth.” [00:12:51]
Links Mentioned:
Everything is Figureoutable by Marie Forleo
About Dr. Dylan Koch
Dylan was born and raised in a small town, a very blue-collar area in western Ohio. He went to the University of Cincinnati to study pharmacy and graduated six years later, in 2017. Dylan was very career-oriented at first and went on to manage a retail pharmacy at 25. However, his mindset shifted from salary/career-oriented to entrepreneur and investing-oriented after he read Rich Dad Poor Dad by Robert Kiyosaki.
He bought his first house hack in June 2018, hi
The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
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