Category: Passive Income
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Best Passive Investments to Help You Buy Back Your Fridays
Best Passive Investments to Help You Buy Back Your Fridays What if you could start your weekend every Thursday, without taking a pay cut? For high-income professionals like dentists and doctors, burnout from long workweeks is common. But here’s the good news: you don’t need millions to take back your time (like the advisors lead
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Why a Dividend Investing Strategy Belongs in Your Portfolio
Why a Dividend Investing Strategy Belongs in Your Portfolio When I first became a periodontist, I thought I had made it—good income, steady work, and a clear path forward. But a skiing accident that injured my wrist shook everything. I realized how fragile my financial security was—and that I was only one accident away from
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Passive vs Active Income: Key Differences Investors Need to Know
Passive vs Active Income: Key Differences Investors Need to Know Active and passive income are two key concepts in personal finance that are significant in achieving financial stability. If you’re like me, you probably weren’t taught the difference in school—not even in dental school! Many of us are so focused on earning active income that
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How To Create Multiple Streams Of Income
How To Create Multiple Streams Of Income Creating multiple streams of income is a smart strategy for achieving financial security and independence. By diversifying your income sources, you can reduce reliance on a single job (like being a doctor or dentist) and better withstand financial challenges. Think of it as a way to make your money
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How To Make Your Money Work For You
How To Make Your Money Work For You Growing up, I often heard successful people say, “If you want to get rich, you have to make your money work for you.” When I first heard this advice in high school, I had no idea what it meant. Robert Kiyosaki, the author of Rich Dad Poor
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How To Invest 100k In Real Estate For Passive Income
How To Invest 100k In Real Estate For Passive Income Investing $100,000 in real estate can be a strategic move toward financial success. I should know, as once I started investing extra money outside the stock market ten years ago, things started to change (for the better). In case you haven’t noticed, numerous investment strategies
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(9 Ways) How To Make $100k A Year In Passive Income
(9 Ways) How To Make $100k A Year In Passive Income I recently spoke with a new Passive Investor Circle member (48-year-old endodontist) to help create a game plan for his financial future. One of the first questions I ask new members is, “What are you trying to accomplish?” Most people don’t have an answer
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Passive Income vs Active Income: The Ultimate Showdown
Passive Income vs Active Income: The Ultimate Showdown It’s funny that I went to college and dental school to inevitably make money yet was never taught the difference between passive income vs active income. After receiving my first tax return, it didn’t take long to figure out that earned or ordinary income from fixing teeth
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13 Best Passive Income Apps In 2022 And Beyond
[Editor’s Note: Today’s article is a guest post from Lyle Solomon is a licensed attorney in California. He has been affiliated with the law firms in California, Nevada, and Arizona since 1991. As the principal attorney of Oak View Law Group, he gives advice and writes articles to help people solve their debt problems.] A commonly asked question is, what’s the difference between
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7 Streams of Income: The Secret To Becoming a Millionaire
7 Streams of Income: The Secret To Becoming a Millionaire When I started my dental specialty practice back in 2005, I was laser-focused on just one thing: getting more patients. New referrals were my lifeline. Everything depended on that one income stream—my practice. At the time, I didn’t think much of it. Most of us
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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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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.
