Making money without a serious workload sounds impossible, but that’s exactly what passive income is. COVID-19 has made it difficult for many to make money even in traditional ways, but passive income has still been gaining traction over the past year. Some are transitioning to passive income opportunities as traditional work evolves and others are using passive income to rebuild invest portfolios after the impact of the pandemic. The latter is true for CareventuresCapital, a company based out of Houston, Texas that is helping physicians and high net-worth individuals build up their portfolios.
The company was started by physician and management executive Dr. Saji Salam. Over the past two decades, he has led and consulted enterprise-wide project implementation initiatives with multiple Fortune 500 clients for consulting firms such as Deloitte and Accenture. Today, he leverages his management consulting and engagement management skills to supplement the operational and transaction management expertise of the team at CareventuresCapital. The company grew assets under management to $70 million in 2021, targeting $100 million AUM.
“We want to help other physicians generate income by making their money work for them,” Dr. Salam explains. “The work of the industry can be taxing, so finding time to research additional streams of income is something a lot of people in the field pass up on, even if they have the means to do so. We want to change that.”
CareventuresCapital presents passive investment opportunities in class B and C apartments in North America to help investors earn a stable passive income. Specific examples of CareventuresCapital’s passive income include rental income and any business activities in which the earner does not materially participate. Since 2017, Dr. Salam has been a full-time real estate investor and has been investing in real estate in the US and overseas in single-family and multifamily assets.
“The formula that we have here when it comes to investing works,” Dr. Salam says. “We need healthcare professionals to spend a little time getting educated on investing and mitigating risks in the process; for which we conduct several educational programs that cover topics ranging from Tax to Legal aspects of investments. Once they do that, physician investors can be confident about investing their money to obtain decent returns.”
Passive income is a strong option for physicians that are looking to generate more opportunities for income without sacrificing their career. This course of action also allows physicians to have a stable, stress-free income during times of hardship and uncertainty. There are certainly other investments and opportunities physicians could take on, but with the workload that the profession often requires, another side job might not sound appealing.
For physicians comfortable with a more active investment mindset, CareventuresCapital offers options to participate in the early stages of funding startups. These options are a more risky investment, but the reward can end up being even greater in the end than the apartment investments.
“We didn’t want to just do real estate,” Dr. Salam explains. “For those physicians who are comfortable with a more aggressive investment strategy, we do have the startup options available. We are also exploring other asset classes such as farmland for some physicians interested in creating generational wealth”
These are the kind of opportunities where physicians could leverage other people’s time to make their money work for them. The medical field is changing and physicians need to be able to support themselves and each other. Saji Salam and the rest of the team CareventuresCapital is working day by day to make sure that happens.
Dr. Salam and the rest of the team with the company know that success won’t happen overnight. It takes perseverance, hard work, and relationships…CareventuresCapital wants to take most of the hard work out of the picture. For those with investing power, passive income can be a viable option to build wealth that could stretch long beyond the career providing their main source of income.
For more information on CareventuresCapital, visit: