What’s it prefer to attend a PIMDCON convention?
There, concepts blossom, friendships are solid, and actions are ignited from the magic that occurs when like-minded, formidable people collect.
This yr, PIMDCON 2023 wasn’t only a convention. It was a melting pot of inspiration and aspiration that targeted on actual property funding and entrepreneurship. The air was charged with anticipation as attendees immersed themselves within the wealth of information offered by greater than thirty audio system and panelists. The eagerness to collaborate and develop was palpable.
For these in attendance, thanks for being a part of it, and I hope you gained a ton of worth to place towards your future monetary objectives.
With attendance doubling, we introduced collectively a neighborhood from all around the United States (greater than forty-four states represented)! The room was buzzing, the vitality was excessive, and each nook was full of enthusiastic people keen to attach, make new pals, and trade groundbreaking concepts.
Matters included every little thing beneath the solar, starting from taxes, asset safety, the present state of the financial system, the “zone of most monetary alternative,” mindset, and taking motion. Issues like taxes and asset safety might not sound thrilling, however our consultants and enthusiastic neighborhood discovered a means!
All through our fifth-annual gathering, we skilled some actually extraordinary issues and introduced collectively all our communities at Passive Revenue MD into one fantastic occasion: The Doctor Actual Property & Entrepreneurship Convention.
As a window into the spirit of PIMDCON, these have been my high three takeaways from this yr’s unbelievable convention.
TAKEAWAY #1 – Various Aspirations and Backgrounds
Individuals from all walks of life—whether or not simply ending residency or nearing retirement—gathered at PIMDCON 2023 with one widespread objective: attaining the monetary freedom to reside life on their very own phrases. It was wonderful to see that vary.
However there was additionally a variety in actual property expertise. Some already owned 100 items, some had but to make their first deal and have been simply getting began. Multi function room, they related and made plans about their funding futures. It was inspiring to see such a wide range of people united by a shared ambition.
Every individual had a narrative. One individual I spoke with sought to take again management of their time. One other needed to earn sufficient cash to assist their mother and father out. One other, their youngsters. I had the pleasure of assembly so many physicians with distinctive objectives, and I’d prefer to share a number of of them with you proper now.
One doctor, nearing retirement, had been a loyal listener of my podcast for years. This yr, he lastly joined PIMDCON in LA for the primary time. Remarkably, simply three days previous to the convention, he made his first funding in passive actual property. With the data and connections he made, he left PIMDCON 2023 with renewed confidence and a perception that it’s by no means too late to take motion and obtain monetary freedom within the years to come back.
I additionally met a pair from San Antonio—a doctor and a pharmacist. Final yr, they skilled PIMDCON just about and have been so captivated by the wealth of information, they vowed to not miss the reside expertise once more. They joined this yr’s convention in desirous to discover and develop their passive actual property portfolio additional.
Subsequent yr, I hope to find out about your distinctive story, too.
Need to begin your investing journey with confidence? SUBSCRIBE AND TUNE IN TO OUR PODCAST: #170 High 10 Actual Property Funding Alternatives for Docs in 2023, ft. Dr. Peter Kim
TAKEAWAY #2 – Constructing Connections
Within the funding world, few issues are as essential as constructing connections. And docs are superior connectors. We do all of it day with our sufferers—collaborating, empathizing, and serving inside brief durations of time. However what occurs if you get docs in a room with different docs? Instantaneous bond. That bond and want to serve one another is without doubt one of the principal advantages of PIMDCON, particularly this yr.
The convention introduced collectively like-minded people all pursuing comparable objectives. There was no I’m-smarter-than-you, aggressive vitality or want to elucidate your presence at a passive revenue convention. Individuals got here as they have been, open and with a standard skilled background. The relationships fashioned rapidly and the concepts exchanged have been actually invaluable.
Networking is certainly a catalyst for fulfillment that opens doorways to alternatives, and PIMDCON supplied that. On the finish of a rejuvenating convention day, I bear in mind speaking with a physician on the backside of the elevators—many people have been going to proceed our conversations at a close-by completely happy hour. She talked about that usually when she attends conferences she goes straight as much as her resort room. As a result of PIMDCON was so vibrantly targeted on actionable steps and collaboration, she felt the significance of connecting, getting help, and studying past the convention. Close to the top of completely happy hour, she mentioned it felt wonderful being in a neighborhood the place she might share, be susceptible, and are available away with a brand new community.
Throughout a PIMDCON convention, among the best connectors are small group periods, known as MasterMind Classes. This yr was no totally different. Every day, we’d break off into teams of 5 or 6 individuals to share experiences and techniques. These small circles inspired different connections, and many individuals have been in a position to meet a few of the convention sponsors and assets. This offered attendees with useful methods on methods to get by this explicit financial scenario.
It was clear that individuals walked out of this occasion with pals, new accountability companions, and relationships that can result in actionable steps towards enduring wealth. In the long run, it grew to become a neighborhood.
TAKEAWAY #3 – Taking Motion
Maybe essentially the most impactful takeaway was seeing individuals take motion. At PIMDCON, a constant and vital theme is the significance of taking motion. Schooling and data are essential, however placing that data into motion is important. As Tony Robbins says, “Data is simply potential energy. Motion is energy.”
So, at PIMDCON 2023, we challenged individuals to take motion. That included creating motion steps, and really writing them down. One physician I spoke with used that motion plan to renew work on their startup. I overheard one other physician, on the telephone along with his spouse, setting a objective of discovering an funding property earlier than the top of the yr. And in the course of the closing celebration, an attendee advised me they’d put in a proposal on the primary day of the convention. By that closing celebration, she was in escrow on her very first property. It was so cool, and I used to be so completely happy for her!
Fueled by newfound data and connections, attendees took decisive steps towards their funding objectives. I, too, was impressed to take motion, reshaping my perspective on monetary independence as I regularly revamp PIMDCON and Passive Revenue MD to greatest serve its neighborhood.
A CALL TO ACTION
Investing to safe your monetary freedom requires that you simply take actionable steps. How are you going to problem your self to take these subsequent steps? What motivates you in pursuit of monetary freedom? Are you able to take the following step?
In the event you’re feeling impressed and able to take the following step towards monetary freedom, I extremely suggest becoming a member of the Passive Actual Property Academy (PREA). Our programs provide unbelievable content material and assets to deepen your data and expertise in passive actual property.
Programs solely open twice a yr, and every time we redevelop our choices to verify it’s recent, on hearth, and designed that can assist you navigate the present market. PREA helps you put together and soar on nice offers which can be coming down the pipe. Go to PassiveRealEstateAcademy.com for extra data.
This neighborhood is wonderful, each at what you do but additionally on your enthusiasm to serve one another’s objectives of monetary freedom. In the event you have been a part of this occasion, I’d like to listen to from you within the feedback. What did you get out of it? Let me know, and inform your folks and colleagues.
In the event you weren’t in a position to make it this yr, we’d like to see you subsequent yr. Take that actionable step.
Be a part of our neighborhood at Passive Revenue Doc Fb Group.
