In this episode, host John McGregor sits down with Dr. Tom Burns, a former orthopedic surgeon turned successful real estate pro. They dive into the world of real estate, covering practical tips for navigating the ups and downs of the market for beginners. Dr. Burns shares his experiences and the key ideas from his book, 'Why Doctors Don't Get Rich.' He explains how anyone facing financial challenges can benefit from the wisdom in the book. The conversation emphasizes the importance of learning the language of real estate, understanding why location matters, and the perks of owning an investment property, like steady income, tax advantages, and building equity over time. They also talk about common mistakes people make in real estate investing and stress the need for persistence and determination to achieve success. Whether you're a seasoned investor or just starting, this episode offers actionable advice to improve your financial journey through real estate. Don't miss out on this insightful discussion that could reshape how you approach building wealth through real estate. 00:00 Introduction and Welcome 01:27 Introducing the Guest: Dr. Tom Burns 03:24 Dr. Tom Burns' Story of Buying the First Rich Dad, Poor Dad Book 07:10 Dr. Tom Burns' Transition from Medicine to Real Estate 08:21 The Real Story Behind High-Paying Jobs 09:48 The Future of Real Estate: A Macro Picture 14:17 The Impact of Interest Rates on Real Estate 15:46 The Concerns of Trillions in Commercial Real Estate Debt 17:55 The Current State of the Banking Sector 18:16 Opportunities in the Real Estate Market 18:53 The Importance of Timing in Investments 19:40 Getting Started in Real Estate Investing 21:31 Understanding the Benefits of Real Estate Investment 25:09 The Process of Evaluating a Property 27:13 Common Mistakes in Real Estate Investing 28:11 The Power of Persistence in Real Estate Investing 31:11 Overcoming Self-Sabotaging Beliefs 32:25 Connecting with Tom Burns 33:06 Closing Remarks and Future Plans ----- Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity. The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.