Blog
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19 Habits Of The Wealthy vs Poor – Which Do You Have?
Think about where you are right now. If you’re a doctor or other high-income earner then more than likely you’re in the position you’re in because of personal habits. While friends were out partying in college; you chose to study instead. In college, I got into the habit of studying a minimum of 3-4 days…
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Multifamily Investing – 7 Reasons To Invest Now
Multifamily Investing Recently on Dentaltown, a 33 y/o dentist asked for investing advice in the Finance Forum. Honestly, what he’s accomplished since opening a scratch practice was impressive. He’s paid off his student loans, practice loans, car and house. I know doctors that get to the point that they’re laying on their death bed without…
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17 Pros and Cons of Owning a Laundromat
I’ll admit. I take being able to clean our clothes at home for granted. Actually, I’ve never given it much thought after we bought our first home after renting for eight years. It’s nice not having to pack up dirty laundry and take it out to get cleaned. I love having our own washer and…
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5 Reasons Why Doctors Aren’t A Prodigious Accumulator Of Wealth
I first heard the term, “prodigious accumulators of wealth” in 1996 while reading one of the most popular finance books ever written by Dr. Thomas Stanley, The Millionaire Next Door. If you haven’t read it then head over to Amazon and get it now. Even though some of the statistics might be outdated, the…
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10 Pros And Cons Of Owning An Apartment Building
10 Pros And Cons Of Owning An Apartment Building It takes a lot of time and sacrifice to become a doctor. If you’ve been practicing for a while, it’s easy to forget how many years that were put in to get to where you are. Whenever new investors from our Passive Investors Circle group ask…
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59 Wealth Building Quotes From The Richest Man in Babylon
Don’t let the date (1926) fool you into thinking that the book, The Richest Man In Babylon, is still not relevant today. It and other classics such as Napoleon Hill’s Think and Grow Rich (1937), contain wealth building lessons that will NEVER go out of style. The Richest Man In Babylon has gained tremendous popularity…
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7 Ways To Evaluate a Real Estate Sponsor
One of the most frequently asked questions new Passive Investors Circle members ask is how they can go about finding the best real estate deals. If you’re not familiar with how the process works then yes, that would be a good question to ask. Except it’s not. When investing in real estate, especially as a…
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10 Ways Doctors Can Become Real Estate Millionaires
[Editor’s Note: Today’s article in a guest post from Landon Murie, CEO of Goodjuju. His company helps property managers market their services.] There are hundreds of thousands of comfortably retired millionaires who got that way through rental property investing. Here are 10 ways that rental property investments create wealth, and why we’d encourage doctors to…
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Depreciation Recapture – How It Works When Selling Property
One of the reasons that keeps people from getting started in real estate is the amount of new “lingo” that has to be learned. For me, it was similar going from college to dental school. The first couple of months sitting in lecture halls confused the heck out of us. It was as if the…
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The Importance of Time Value of Money
You’ve probably heard about the importance of time value of money. But do you know what it really means? One of the first people to coin the phrase “Time is money” was Benjamin Franklin in his book, “Advice to a Young Tradesman, Written by an Old One”. The original quote was: “Remember that Time is…
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What To Do With 50K: 10 Year Look At Passive Investing
What To Do With 50K Each Year – A 10 Year Look At Passive Investing I recently posed this question on DentalTown.com which is the largest forum for dentists: “For those that have been practicing for 5+ years & knowing what you know now regarding finances and investing, what would you do differently if you could…
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9 Ways To Vet The Best Real Estate CPA
One of the main reasons many high-income earners join the Passive Investors Circle is to seek out ways to lower their tax bill by investing in real estate. Why? They’re tired of paying more and more of their hard-earned money to the IRS as their income continues to climb throughout their careers. The main goal…
