S2 E 159 Fund to Fund and The Importance of Financial Literacy with Dr. Shameem Nazeer

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In this engaging conversation, Shameem Nazeer, an ER physician turned real estate investor, shares her journey from traditional stock market investments to exploring alternative investments. She emphasizes the importance of financial education, the role of financial advisors, and the need for physicians to take control of their financial futures. Shameem discusses her experiences, the challenges of relying solely on financial advisors, and the significance of creating passive income streams. She also highlights valuable resources and books for those looking to enhance their financial literacy and encourages listeners to take action in their investment journeys. In this conversation, the speakers delve into the importance of financial tracking, budgeting, and the need for individuals to take charge of their financial futures. They discuss the significance of vetting financial advisors and syndicators, emphasizing the lack of qualifications in the syndication industry. The conversation transitions into the fund-of-funds model, exploring innovative investment strategies and the legal considerations involved in creating a fund. The speakers also highlight the importance of generating passive income and the need for continuous learning and growth in financial literacy. 

Takeaways  

• Shameem Nazeer is an ER physician with 25 years of experience. 
• She transitioned from stock market investments to real estate. 
• The lack of passive income was a major turning point for her. 
• Financial advisors can be beneficial but may have conflicts of interest. 
• Creating passive income should be a priority for everyone. 
• Financial education is crucial for making informed investment decisions. 
• Networking and mentorship are key to learning about investments. 
• Books and podcasts are valuable resources for financial literacy. 
• Taking action is essential in the journey of investing. 
• You are the best custodian of your financial future. 
• Track everything and break down your budget. 
• Care more about your money than anyone else. 
• Vet financial advisors like you would a doctor. 
• Syndicators can operate without qualifications. 
• Investing in funds can lead to better returns. 
• Legal fees for creating a fund can be significant. 
• Using a fund administrator can simplify processes. 
• Preferred returns can provide cash flow options. 
• Investing is a long-term game, but cash flow is essential. 
• Continuous learning is key to financial success.

Important Links
Web: https://www.thedoctorinvestor.com/
Linkedin: https://www.linkedin.com/in/shameem-rana-nazeer/
Insta: https://www.instagram.com/shmmnzr/