The first time someone mentioned eQRP, I thought they were talking about a hot stock tip. I remember first hearing the term two years ago in Dallas at a real estate conference about apartment syndications. Many attendees in the room were like most Passive Investor Circle members searching for alternate ways to invest their locked up retirement account money. At
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Apartment Investing 101 for Doctors By now, you probably know that I love to invest passively in real estate, but I also have a passion for sharing how to do it here with you each week. Why? Well, why not? It seems that people continue holding onto their scarcity mindset after their education/training is completed. I know I did many
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3 Ideas For Passive Income for college students, med students, dental students & beyond from a recently trained plastic surgeon. [Editor’s Note: Today’s article is a guest post from Dr. Jordan Frey who blogs at The Prudent Plastic Surgeon. He recently completed his training and is now practicing in Buffalo, NY. He’s married with two kids and decided to start
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What’s Your Financial Freedom Definition? It seems like everybody is striving for “financial freedom” these days even though they’re not quite sure what it means. Literally every article I read or podcast I listen to has some mention of it. Let me ask you a question… What’s your financial freedom definition? If you answered, “It’s when I get rich!” or
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How To Build A Real Estate Empire And Retire Early Most people only focus growing their active income. This type of income buys fancy cars, expensive homes, and designer clothing, all while simultaneously being taxed at the highest rate out of any income. Yep, read that last part again. Active income is the most heavily taxed type of income. Why
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7 Minute Read: Tax Free Wealth Book Summary I’ll admit. I’ve spent most of my life relying on other people for help in areas that I don’t know much about. One of them is construction. My dad owns a hardware store, so you’d think I’d be handy with tools. Think again! Unfortunately he didn’t pass down any handyman genes to
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Scarcity Mindset: How It Can Impact Your Kids What’s holding you back from growing wealth and passive income? Could it be something inside your head? Is it negative, fearful thoughts focused on what you don’t have? This certainly could be the case whether or not you realize it. Unfortunately, many of the preconceived notions we have about money and wealth
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5 Reasons Physician Side Gigs Are A Must Today’s article is from my friend over at Physician On Fire. He retired from medicine at the age of 43 in 2019, having achieved financial independence several years earlier. He started Physician on FIRE to enlighten, educate, and entertain other high-income professionals while discussing money matters of all sorts. He is happily married with
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Depreciation: The #1 Tax Break For Doctors Most doctors fall into the 32% or 37% tax bracket. Needless to say, taxes are and will continue to be our BIGGEST expense. After purchasing a building and new equipment many years ago, I remember my CPA mentioning something about saving taxes with depreciation. At first it seemed like an ugly word as
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How’s The Culture In Your Kingdom During the pandemic, Louisiana dental offices were shut down for seven weeks. It seemed that our state’s government didn’t consider our services “essential” yet people could still play the lotto and buy alcohol. No comment. The much needed down time allowed me to rethink some things both on a personal and business level. I
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