Blog
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7 Reasons Doctors Should Invest In Apartments
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.
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3 Ideas For Passive Income From a Plastic Surgeon
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
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Financial Freedom – Can Doctors REALLY Achieve It?
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
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7 Steps – How To Build A Real Estate Empire
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. Yep, read that last part again. Active income is the most heavily taxed of any income.
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37 Motivational Financial Freedom Quotes
37 Motivational Financial Freedom Quotes Financial freedom is a term that gets tossed around quite a bit in the personal finance space. It can mean different things to different people. High income earners many times feel that becoming financially free is not possible as their income is too high to replace. The two main definitions
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7 Minute Read: Tax Free Wealth Book Summary
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
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Scarcity Mindset: How It Can Impact Your Kids
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
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5 Reasons Physician Side Gigs Are A Must
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.
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Depreciation: The #1 Tax Break For Doctors
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 becoming a business owner and purchasing an office and new equipment, I remember my CPA mentioning something about saving taxes with an annual depreciation
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9 Minute Read: How’s The Culture In Your Kingdom Summary
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
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Are Doctors Rich As The Public Thinks?
Are Doctors Rich As The Public Thinks? It seems as if the general public tend to assume that certain professionals are always well off. [You know what happens when you ASS-UME, right? :)] This could be anything from an attorney, doctor or engineer. But when a group of doctors were polled and asked, “Are doctors
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5 Steps: How To Become a Millionaire In Your 40’s
5 Steps: How To Become a Millionaire In Your 40’s Want to be a millionaire? Most doctors and other high-income earners should have an easier time to obtain millionaire status versus the average person. But they face two major hurdles: #1 Late start #2 High debt Depending on your profession, you may not start earning
