EP 110: Breaking the Mold: How Dr. Phull Found Financial Success Beyond Medicine
Join us in this inspiring episode as we break the mold with Dr. Hardeep Phull, a remarkable physician who discovered the keys to financial success beyond medicine. Dr. Phull shares his valuable insights on the importance of financial planning and real estate investing specifically tailored for physicians. Whether you're feeling overwhelmed or searching for mentors in the medical field, Dr. Phull's journey will inspire you to overcome any challenge.
During our conversation, Dr. Phull reveals his secrets for accumulating wealth and using it wisely, with a special focus on the benefits of investing in real estate. He stresses the significance of seeking professional advice, especially from tax advisors, as well as leveraging their professional status to secure favorable loan terms. Dr. Phull also sheds light on the importance of building a strong team, mitigating risks, and having proper insurance coverage when venturing into real estate investments.
Join us for an eye-opening discussion on the challenges faced by doctors and the vulnerabilities they encounter in their profession. Dr. Phull shares his advice on advocating for oneself, negotiating contracts, and leaving a lasting legacy. You won't want to miss out on this episode full of actionable advice and inspiration for physicians looking to break the mold and find financial success beyond medicine.
💥 Remember, this is your MBA. Have a notepad handy, and get ready to take some 📝 notes!
Key Points from This Episode:
Importance of financial planning and real estate investing for physicians.
Overcoming feelings of being overwhelmed and finding mentors in the medical field.
Accumulating wealth and using it wisely, including investing in real estate.
Seeking professional advice, particularly from tax advisors.
Leveraging professional status as a physician to secure favorable loan terms in real estate.
Building a team and mitigating risks when investing in real estate.
Importance of proper insurance coverage and surrounding oneself with like-minded individuals.
Challenges and vulnerabilities faced by doctors in their profession.
Advocating for oneself and negotiating contracts as a physician.
Focusing on what money can't buy and leaving a lasting legacy.
Tweetables:
“Well, the number one thing I tell people, and there's five steps, I tell them, the first part was accumulate wealth. So you save, you find ways to use your talents, which we have plenty of to be able to gain wealth. Because now when you have wealth, you can't just let it sit there. It won't really grow. You shouldn't buy liabilities. You invest in assets of which real estate is a really good one.” – Dr. Hardeep Phull
“Partnerships and who you surround yourself with is who you become. You want to surround yourself with people who are hungry, who will not take no for an answer, who are like you and on a growth journey and are in it to not just gain money and gain your business, but to grow, to make an impact on this world that didn't exist before they existed.” –Dr. Hardeep Phull
“The five steps are number one, accumulate capital. Number two, invest in assets. Number three, we just talked about is risk mitigation. Now four and five I'll cover as number four, unapologetic growth. And five, don't forget to refocus on what money can't buy.” –Dr. Hardeep Phull
“Whenever you own even two pieces of good property near the ocean and you're in the right market, it's worth a lot. If I were to sell my assets and sell my homes for what they're worth right now, it would be worth enough to live very comfortably. Would I sustain the same level of my life that I have now? Probably not. But you know that whole fire financial independence, retire early, I could achieve that.” –Dr. Hardeep Phull
“Don't forget to refocus on what money can't buy. And don't forget the investment put in you. So much got put in me to get me to where I am. All the mentors, all the education. And it's not just about gaining more wealth, it's about spreading the talent and wealth and the knowledge I've been given and the gifts I've been given to give a lasting legacy to the world. There's an incredible opportunity cost, but it's an incredible opportunity and it's worth it.” –Dr. Hardeep Phull
“Start now, master your foundation, and stay fully absorbed in the process.” –Tejas Gosai
Resources
Dr. Hardeep Phull on Instagram
About Dr. Hardeep Phull
Dr. Phull is the Director of the Oncology and Infusion program at Palomar Health (PH), the Director of Medical Oncology at Palomar Health Medical Group (PHMG), and a Board Member of the Palomar Health Foundation (PHF). He also serves as an Alumni Specialty Director at the Cleveland Clinic Lerner College of Medicine (CCLCM) and is a Clinical Instructor at the University of California San Diego (UCSD).
He has expertise in a variety of hematologic disorders and oncologic malignancies and continues to contribute to the field with over 78 publications, 26 scientific abstracts, 21 oral presentations at national meetings, and multiple awards including first-place finishes at 3 national scientific poster competitions.
Dr. Phull's expertise in providing comprehensive cancer care began with his undergraduate studies at the University of Arizona, where he laid his foundations. He culminated his undergraduate career with a challenging research fellowship abroad in Poland, funded by the National Institutes of Health and the BRAVO! program. His post-baccalaureate experiences led him to enroll in a prestigious Physician-Scientist program at the Cleveland Clinic Lerner College of Medicine where he continued to pursue his interests while realizing his passion for Internal Medicine. Subsequently, Dr. Phull was selected into a unique Physician Scientist training program at Scripps Green Hospital and The Scripps Research Institute as a KL-2-funded Clinical Scholar, where he also obtained a Master's Degree in Clinical Investigation while working on novel CAR-T cell therapies. He completed his fellowship in Hematology/Oncology at the University of California San Diego, where he reignited his greater passion and purpose for patient care and education, and was selected as the Chief Fellow.
Dr. Phull views his ongoing journey in medicine as a series of meaningful experiences that enable him to appreciate different values, cultures, and viewpoints while establishing a track record of excellence across multiple institutions. He enjoys being a lifelong learner and remains highly involved in education, mentorship, and leadership in the community. This has allowed him to fulfill his initial calling to be a compassionate and caring clinician, advocating for his deeply rooted principles of empathy, humility, dignity, and empowerment toward patients and colleagues. In his free time, he enjoys piloting planes, writing, sports, movies, travel, and spending time with his family. He is very active on social media related to these interests.
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The education we provide is sponsored by Lehigh Valley Fund. The fund earns returns through real estate investing and pays inventors an average 10% return with a 12 - 18% target*
Click here to book Fund Manager Tejas Gosai.
Contact Jerna Bentilanon to schedule a visit to our offices or a tour of one of our properties: j.b@lvpefund.com, 610-230-7777
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