Medical Entrepreneurship and Financial Mastery with Dr. J. Ryan Smolarz | Know your why #286

EPISODE SUMMARY:

From the operating room to the boardroom, Dr. Ryan Smolarz' story is not your run-of-the-mill career pivot. On our latest episode of the Know Your Why podcast, I sit down with this remarkable otolaryngologist turned self-storage savant to track his evolution. Ryan's foray into the business world amid hurricanes and pandemics is a masterclass in resilience and determination, underscoring his pursuit of financial independence. His narrative weaves through the tapestry of life's complexities, providing a fascinating look at how financial sovereignty can serve as a backbone for navigating the unpredictable.

Ever wondered how visionary goals are crafted and pursued? This episode peels back the layers on the psychology of ambition, discussing the likes of Elon Musk and the monumental mindset needed to manifest such dreams into reality. Ryan and I dissect the ins and outs of real estate investment, highlighting self-storage as a beacon of stability that goes beyond asset appreciation. The conversation takes a deeper look at the symbiotic relationship between financial health and mental well-being, emphasizing why financial stability should be a cornerstone of life's blueprint.

Closing out, Ryan's journey from wealth building to charitable giving serves as an inspiration, proving that the path to success can lead to meaningful societal contributions. He shares actionable advice for diving into real estate, stressing the importance of aligning with partners who resonate with your investment philosophy. It's an episode brimming with wisdom for anyone looking to cement their financial future. So whether you're a medical professional, an aspiring entrepreneur, or just seeking a sturdier financial footing, join us for a compelling exploration into the ‘why’ behind success and how you too can secure a life of both purpose and prosperity.

DR. J. RYAN SMOLARZ BIO:

Dr. Joseph Ryan Smolarz, founder of STOR Partners, is a seasoned entrepreneur and Otolaryngology practitioner. With a patent for a reflux medication and a pending invention, he combines medical innovation with extensive experience in commercial real estate, specializing in self-storage and assisted living. His mission is to provide financial sovereignty to medical professionals through strategic investments in hard assets. Dr. Smolarz, equipped with an MBA from the University of Miami, emphasizes meticulous team-building in both public and private ventures. He's also a dedicated family man, proud father of Asher Drew and Harper Ayden, husband of fifteen years to Kelli, and caretaker of Ollie, his white Spinoni.

GET IN TOUCH WITH DR. J. RYAN SMOLARZ :

https://storpartners.com/#/about

https://www.linkedin.com/in/joseph-ryan-smolarz-4803a81/

EPISODE CHAPTERS:

(0:00:00) - Finding Purpose Beyond Medicine Dr. Ryan shares his journey from medicine to self-storage real estate, discussing challenges and finding financial sovereignty.

(0:14:24) - Setting Goals and Investing in Real Estate High aspirations, positive mindset, real estate investment, financial stability, and its impact on mental and physical health.

(0:26:48) - Understanding Illiquidity and Importance in Investing Real estate illiquidity prevents hasty decisions, focused stock investment, transparency in private placements, education, performance-based fees, and expert collaboration.

(0:36:38) - Investment Strategy and Cash Flow Importance Equity multiple, reinvesting returns, compounding, tax efficiency, business reinvestment, distributions, growth strategy, due diligence, investment thesis, personal financial goals.

(0:41:32) - Investment Goals & Cash Flow in Real Estate Understanding investment goals in real estate, prioritizing cash flow or returns upon exit, working with aligned partners, and setting financial goals for future security.

(0:50:46) - Success, Impact, and Real Estate Investing Successful individuals share their philanthropic experiences, benefits of lean business, personal pursuits, investing in volatile markets, and advice for real estate.

(0:58:11) - Exploring the Why Behind Success Gratitude for guest's insights on long-term financial planning, invitation for future collaboration, and audience engagement on the Medicine and Money show.

If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara

Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/

Artist: http://audionautix.com/