Blog
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What To Do With 10 Million Dollars If It Fell In Your Lap
What To Do With 10 Million Dollars If It Fell In Your Lap There’s a Louisiana Lottery and Powerball electronic sign in between our house and church. Every Sunday morning after we leave church, my 16-year-old and I play a game. As we pass the sign, I ask him, “What would you do if you
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Living Below Your Means vs Expanding Your Means – How To Get Rich
Living Below Your Means vs Expanding Your Means It wasn’t until recently that I heard a podcast host mention that instead of focusing on living below your means, we should instead EXPAND them. The majority of finance articles focused on financial independence (FI) mentions that living below your means is the first step. This principle
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5 Outstanding Tax Strategies For High Income Earners
Do you want to lower your income tax bill? Who doesn’t? But the more money you make, the higher taxes you have to pay, right? Well, maybe not. Why do the ultra-wealthy like Donald Trump and Warren Buffett pay so little in taxes as compared to their income? It’s because they know how to play
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How To Invest 200K In Hassle Free Real Estate
How To Invest 200K In Hassle Free Real Estate A Passive Investor Circle member recently asked, “Dr. Jeff, my wife and I heard that we can take money out of our 401k due to the pandemic. We’d like to invest $200K in something other than the stock market. Can you help?” The March 2020 national
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Why Passive Income Beats Active Income
Most doctors and other high-income earners only focus on (and know about) active income. They buy their “stuff” with active income such as cars, boats, watches and suits. Active income is the MOST heavily taxed income there is. Read that sentence again and let that sink it. Related article: 5 Smart Ways On How To
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Straight Outta Training: How To Retire In 10 Years With No Savings
How To Retire In 10 Years With No Savings Here’s an email I received this morning. I removed the dentist’s name to protect his identity: Good morning Dr. Anzalone, My name is Dr. X, currently practicing at a corporate practice right out of school in Alabama. You were on one of Dr. Howard Farran’s recent
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I Can’t Do It Anymore: 3 Reasons Doctors Hate Their Job
I Can’t Do It Anymore: 3 Reasons Doctors Hate Their Job For the non-medical professional, hearing a doctor say, “I hate being a doctor” on a daily basis would be like Michael Jordan back in the day saying, “I hate being an NBA player.” It doesn’t make sense, right? Unfortunately, it’s hard to put ourselves
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7 Real Estate Investing Blogs Every Doctor Should Know
7 Real Estate Investing Blogs Every Doctor Should Know One of the top reasons doctors and other professionals in stressful careers join our Free Passive Investors Circle is to help avoid burnout. Now some do want to retire earlier. But for the most part, many get the itch to cut back to part time and
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How To Use a Delaware Statutory Trust for 1031 Exchanges
How To Use a Delaware Statutory Trust for 1031 Exchanges As a high-income earner, one of the largest expenses you have is taxes. Unfortunately, too many doctors become complacent with paying almost half of their salary to the IRS and never do anything about it. Why? I don’t know. Look, I’m not an accountant so
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Family Wealth – 3 Things To Pass On Besides Money
Family Wealth – 3 Things To Pass On Besides Money As I get older, it seems that my interests and priorities continue to change. I’m a Generation X’er which is defined as someone born between 1965 – 1979. In the U.S. we are 80+ million strong! So when I recently read about how over the
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What’s an eQRP? 7 Advantages To Invest vs IRAs
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.
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The 3 Levels of Wealth From a Billionaire’s Perspective
The 3 Levels of Wealth From a Billionaire’s Perspective I’ve been a member of several online groups for real estate investors in the past. The majority have used a messaging tool called Slack for internal communication among members. Last year, during the pandemic shutdown across the United States, Slack allowed companies the best way to
