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In this captivating episode of the Investing RN Podcast, Alvin Wong shares his transformative journey from being a nurse in Toronto to a successful real estate investor. Navigating through layoffs and the challenges of the nursing profession, Alvin's story is a testament to the power of resilience and financial independence. Join us as he unveils the strategies that propelled him into the realm of investment, offering invaluable insights for healthcare professionals aspiring to diversify their income streams. Don't miss this inspiring discussion that bridges the gap between healthcare and wealth building.
"The BRRRR strategy really showcased its power when I refinanced my first property and was able to reinvest the capital into more properties, rapidly expanding my portfolio." - Alvin Wong
What you'll learn:
- (00:00) Highlight
- (00:59) - Welcome and introduction
- (00:42) - Starting in nursing
- (01:53) - Transition to investment
- (03:35) - First real estate acquisition
- (07:14) - Investment strategies
- (10:11) - Challenges in nursing
- (13:39) - Importance of work-life balance
- (17:27) - Financial education for nurses
- (21:04) - Real estate portfolio expansion
- (24:52) - Using other people's money
- (28:30) - Refinancing strategies
- (32:08) - Diversifying investments
- (35:46) - Impact of coaching
- (39:24) - Lessons learned
- (43:02) - Next steps and goals
- (46:40) - Advice for new investors
- (50:18) - The importance of networking
- (53:56) - The importance of networking
- (57:29) - Overcoming investment challenges
- (58:59) - Final thoughts and encouragement
Meet the guest: Meet Alvin Wong, a nurse turned real estate mogul. After a career shake-up, Alvin dove into investing, quickly mastering the art. Now, he not only boasts a thriving portfolio but also mentors healthcare professionals on achieving financial freedom. His story inspires a leap from healthcare to wealth building.
𝗟𝗶𝘀𝘁𝗲𝗻 𝗼𝗻 𝗔𝗽𝗽𝗹𝗲 𝗣𝗼𝗱𝗰𝗮𝘀𝘁𝘀, 𝗦𝗽𝗼𝘁𝗶𝗳𝘆 𝗼𝗿 𝗮𝗻𝘆 𝗺𝗮𝗷𝗼𝗿 𝗽𝗹𝗮𝘁𝗳𝗼𝗿𝗺.
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