#98 Strong Personal Development - Business Bytes

In this week’s Business Bytes, host Garry Kelly talks to Alexandra Dotcheva, who has transitioned from a professional violinist to a registered nurse, real estate entrepreneur, holistic coach, and author. Alexandra shares her journey, highlighting her struggles with self-confidence in the competitive classical music industry and her decision to pursue nursing. She discusses the importance of self-discipline, hard work, and confronting real-life challenges. Additionally, Alexandra delves into financial literacy and real estate investment, emphasising the need for understanding financial principles. Her story underscores resilience and the power of embracing new opportunities for personal and professional growth.

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Timestamps

Introduction to Alexandra Dotcheva (00:00:05)
Garry introduces Alexandra, highlighting her diverse roles in nursing, real estate, coaching, and authorship.

Transition from Music to Nursing (00:00:43)
Alexandra discusses her shift from being a professional violinist to entering the nursing field.

Struggles with Self-Confidence as a Musician (00:01:24)
Alexandra reflects on her challenges with self-esteem despite her extensive practice and performance experience.

Cultural and Educational Background (00:02:36)
She shares her educational journey and the limitations faced as a musician in Bulgaria.

Impact of the Iron Curtain on Music (00:03:59)
Alexandra explains how the fall of the Iron Curtain affected classical music's status in Bulgaria.

Midlife Crisis and Career Reevaluation (00:05:19)
At 32, Alexandra faced a crisis and reconsidered her career path due to financial struggles.

Parental Influence and Expectations (00:08:45)
She discusses her parents' intentions and the pressure of pursuing a music career.

Desire for Purpose in Nursing (00:10:48)
Alexandra expresses her need to be useful to society, leading her to nursing.

Study Habits in Nursing School (00:11:56)
She describes her dedication to studying and how she adapted her learning strategies.

Self-Discipline and Hard Work (00:12:49)
Alexandra emphasises her determination and self-discipline in her new career.

Challenges in Financial Literacy (00:14:01)
She talks about the difficulties she faced in understanding finance as she transitioned to real estate.

The Importance of Facing Real Problems (00:15:42)
Alexandra reflects on the need for honesty and integrity in addressing life’s challenges.

Robert Kiyosaki's Quadrant Theory (00:17:06)
Garry and Alexandra discuss Kiyosaki's concepts of employment, self-employment, business ownership, and investing.

Real Estate Ventures (00:17:40)
Alexandra shares her experience owning three real estate companies in Arizona.

Understanding Tax Implications (00:18:03)
Alexandra explains the importance of tax write-offs and business structures for real estate investments.

Transitioning to Real Estate Investing (00:19:05)
She shares her journey from nursing to becoming an investor, inspired by Robert Kiyosaki.

First Property Purchase (00:20:16)
Alexandra discusses her first multifamily property and the learning curve of being a landlord.

Living Arrangements and Renovations (00:20:41)
She describes living in a fourplex and the challenges of renovating rental units.

Housing Crisis in Arizona (00:22:43)
The conversation shifts to the housing market, highlighting high demand and low supply in Arizona.

Encouraging Home Ownershi