Ep 23 - With high wages come the higher costs of living and even higher taxes. How do high-income earners get out of living paycheck to paycheck and truly achieve financial independence?   Orthopedic surgeon Julius Oni has seen real estate work firsthand and it enabled him to buy time and geographic freedom back and enjoy the fruits of his labor with people he loved. Today, he talks about how he discovered the potential of multifamily investing and why minority professionals like him should start creating passive cash flow. He also gets into his experiences as an angel investor and the incredible value one could bring and gain in helping young businesses grow.   Julius Oni is the CEO and Co-founder (Investor relations) of XSITE Capital Investment LLC. Before joining XSITE Capital, Julius' investment focus was single-family real estate and angel investing. Over the past five years, Julius has invested in over 50 start-ups and currently sits on the advisory board of four healthcare-related start-ups. He graduated summa cum laude from SUNY Plattsburgh, obtained his medical degree with AOA honors from Howard University College of Medicine, and completed residency and fellowship at NYU Hospital for Joint Diseases and Rush, respectively. Julius works as an orthopedic surgeon in Baltimore, Maryland, with sub-specialization in hip and knee replacements, and was voted Top Doc for Joint Replacement by Baltimore Magazine in 2019 and 2020. His interests include travel, music, global health, and spending time with his family. Julius and the XSITE Capital team host a rapidly growing multifamily-focused monthly meetup where they provide resources and add value to individuals interested in growing their wealth and changing their financial future.    ________________________________ FREE Discovery call for The Microfamily Investing Accelerator  https://calendly.com/noirvest/microfamilymavericks  ________________________________ [00:01 - 15:31] Who is Julius Oni?  Julius shares his journey in the medical field Spending money after fourteen years of delayed gratification Why single-family real estate did not work for him Rethinking about his career and learning about the potential of multifamily Joining conferences made him realize how underrepresented health care professionals and minorities are in the asset class   [15:32 - 21:38] True Passive Income Is True Financial Freedom Here’s the truth: High-income earners have higher taxes and higher loan burdens The dangers of lifestyle creep Through passive income, professionals can actually achieve financial independence without being tied to their jobs    [21:39 - 33:06] Setting Small Startups for Success Julius talks about investing in his brother’s company What is an angel investor and how to become one? Angel investing vs Crowdfunding Julius’ own experience, building relationships with businesses Websites to check out The high risk, high reward nature of angel investing Julius reveals his investment strategy Why real estate is still the best investment   [33:07 - 35:06] Closing Segment  Watch out for part 2 of our conversation with Julius! Key Quotes  “I realized that there was a great opportunity to take the gospel of multifamily into our communities of healthcare professionals, underrepresented minorities, immigrants, people that just did not have ready access to this asset class.” - Julius Oni   “You had the lifestyle creep 'cause now everybody's looking at you. You're the orthopedic surgeon… How come you're still driving your Honda Accord from undergrad or medical school, you know? So...

Ver todos los episodios