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Welcome to Thriving Practice - the show for healthcare practice owners who want to grow their practice while taking back their time. Hosted by executive coach and business consultant Tracy Cherpeski, this podcast features exclusive interviews with diverse healthcare business experts and successful practice leaders spanning the globe. Join us for authentic conversations about what it takes to build a successful practice without sacrifice. Our goal is to equip you with the right mindset, strategies and tools to take back your time, grow your practice and elevate your leadership. Subscribe now and then go to ThrivingPracticeCommunity.com to learn more about our modern Community of Practice for ambitious practice leaders who want to do things differently.
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4 days ago
4 days ago
In this episode, we speak with Dr. Amir Baluch, a semi-retired anesthesiologist and founder of Blue Capital Partners, about alternative investment strategies for healthcare providers. Dr. Baluch shares insights on creating passive income streams, the importance of diversification beyond traditional stocks and bonds, and how strategic investments can "buy back time" for busy practitioners. While much of his financial advice offers valuable perspective for healthcare providers looking to reduce clinical hours and focus more on business development, we also provide important context regarding his comments on real estate investment and political policies that may contradict current research on housing affordability and economic impacts.
Episode Highlights:
- The Power of Passive Income: How investing in alternative assets can create freedom in your schedule and reduce dependence on clinical hours
- Diversification Strategy: Why relying solely on traditional investments like stocks may not provide adequate returns in the coming decade
- Risk-Adjusted Returns: Understanding how to evaluate investments beyond just the stated return percentage
- Time vs. Money: Creating a strategic plan to gradually reduce clinical hours through passive income
- Marketing vs. Sales: The critical differences between creating awareness and converting leads
- Building a Sellable Practice: The importance of treating your practice like a business that could someday be sold
Producer's Notes:
Two topics discussed in this episode warrant additional context:
- Single-Family Home Investments: Institutional investor ownership of single-family homes has grown significantly, with just 32 institutional investors collectively owning 450,000 single-family homes by 2022. Research indicates non-individual investor ownership of single-family rentals increased from 17% in 2001 to 25% in 2021, with projections suggesting institutional investors could control 40% of U.S. single-family rental homes by 2030. This trend is contributing to the housing affordability crisis in many markets.
- Policy Impacts: Despite Dr. Baluch's enthusiasm about certain administration policies, current evidence suggests recent tariffs, immigration policies, and cuts to housing programs are adversely affecting housing affordability. Housing experts note that deportation plans could severely impact the construction industry, as immigrants make up approximately 30% of the construction labor force at a time when the National Association of Home Builders projects a need for 2.2 million new skilled construction workers.
Sources:
- Government Accountability Office (GAO). "Rental Housing: Information on Institutional Investment in Single-Family Homes." May 2024.
- Joint Center for Housing Studies of Harvard University. "8 Facts About Investor Activity in the Single-Family Rental Market." 2024.
- MetLife Investment Management. "Housing Market Projections Report." 2023.
- The Washington Post. "Investors bought up a record share of homes last year." February 2022.
- Center for American Progress. "Americans Recognize Housing Affordability Crisis." October 2024.
- National Association of Home Builders. "Understanding Housing Affordability in Today's Market." July 2024.
- Bankrate. "How Will Tariffs And Deportations Affect Housing?" April 2025.
- Newsweek. "Trump Tariffs Could Slow US Housing Market in 2025." March 2025.
- ProPublica. "Trump Says He'll Fight for Working-Class Americans. His First Presidency Suggests He Won't." November 2024.
- National Low Income Housing Coalition. "Impacts of Trump Administration Executive Orders." April 2025.
Notable Quotes:
- "If you diversify across enough asset classes, you could reduce your risk by 80% and still get the same returns." - Dr. Amir Baluch
- "When people don't write it down on a piece of paper, it never happens. They throw money here and there and a couple of investments. But at the end of the year, okay, how much time did that buy you back?" - Dr. Amir Baluch
- "Just imagine every dollar bill you have is a little soldier. You just want to put it to work out there." - Dr. Amir Baluch
- "If you're not measuring it, it doesn't get managed." - Dr. Amir Baluch
- "I think that's the key. Take your time and energy so that you can work on the business instead of being in it all the time." - Host
Bio:
Dr. Amir Baluch is a Wall Street Journal and international bestselling author who retired from anesthesiology in his early 40s to focus on transforming wealth management for healthcare professionals. After experiencing his father's bankruptcy and personal setbacks in 2001, he developed alternative investment strategies that have since helped numerous medical professionals achieve financial independence.
As founder of Blue Capital Partners, Dr. Baluch manages over $700M in projects, specializing in creating passive income through real estate, private equity, and private credit investments. His expertise has been featured on ABC News, Business Insider, and Forbes. He's dedicated to empowering 10,000 healthcare professionals to secure financial freedom through recession-proof investment opportunities that provide not just wealth accumulation but also tax reduction and lifestyle flexibility.
Dr. Baluch brings a unique physician-focused perspective to financial planning, having personally implemented the strategies he teaches to achieve early retirement and build lasting wealth.
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