The Mindset Shift from Being a Risk-Averse Pharmacist to a Risk-Tolerant Investor with Quynh Vu

Rx Investor Podcast

Get your dose of inspiration today from Quynh Vu as she speaks on how to shift from being risk-averse to risk-tolerant in this episode! The biggest reason people hesitate to invest in real estate or any business is the fear of taking risks. After working as a retail and hospital pharmacist for 16 years, Quynh realized that her job was not secure and having just one source of income was also a big risk.
As a pharmacist, Quynh was risk averse. But something changed her mindset. She decided to leave her job and focus her energy on achieving financial freedom and generational wealth through real estate. Find out what changed her mindset and how she became successful. Listen now!
Key Points from This Episode:

• Quynh’s experience working as a retail pharmacist at Walmart and in a hospital.
• The pressure of being a pharmacist in a hospital.
• What motivated Quynh to keep moving forward in her career as a pharmacist?
• Quynh’s advice to those who feel stuck in their jobs or want to leave retail pharmacy to move to a hospital.
• The difference between retail and hospital pharmacists.
• Why and how did Quynh get into real estate investing?
• How long it took for Quynh to become convinced to start investing.
• How to know if you are ready to invest.
• Quynh’s first investment and how they got the deal.
• Quynh’s coaching business.
• The challenges she faced in her journey and what she would have done differently knowing what she knows now.
• A smart way to know what action to take to achieve your end goal.

Tweetables:
“Having only one source of income is very risky too.” [00:25:06]
“Starting with the end in mind is important. Once they know what they want then they also have to figure out how to get there.” [00:37:31]
“There’s a lot of different ways that you can invest. People have to look inside of them and see what their risk tolerance is.” [00:38:32]
Links Mentioned:
The Wealth Building Agent website
The Psychology of Money
Our San Diego Home
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About Quynh Vu
Quynh and her husband purchased their first home at 23 while still in college and have always owned a home since then. In 2018, her husband started investing in real estate to help them find ways to create more passive income while she worked as a pharmacist. They now own numerous properties, including accessory dwelling units (ADUs), condos, duplexes, and single-family homes used as vacation homes and long-term r

The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.

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