Category: Personal Finance

Rich People vs Poor People

Rich People vs Poor People – 7 Key Differences

It seems that some people think “becoming rich” is a bad thing.  Take for instance a recent Dave Ramsey Show rant titled, “Should Billionaires Be Allowed To Exist?”   Someone email him an article written in the New York Times about “abolishing billionaires”. Here’s a few lines from the article: “Some ideas about how to make…

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How Much Money Do You Need To Never Work Again?

As more and more doctors and other high-stressed professionals are experiencing burn out these days, the notion of reaching FIRE (Financial Independence Retire Early) has increased tremendously. It seems that the age-old question new, burned out Passive Investor Circle members are trying to answer is: How much money do I need to never have to…

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Top 5 Things You Should Do With Excess Cash

“Hey Jeff, I’ve got an extra $300K in surplus cash parked in a savings account earning zero interest, what should I do with it?” It’s not uncommon to receive questions like this each month. This stems from people spending less during the pandemic plus depositing the excessive “stimulus” checks that’s been handed out like M&M’s…

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117 Inspirational Quotes About Money And Happiness

When it comes to self-improvement, building wealth is one thing  many struggle with.  Whenever I’m wanting to learn something new or stay focused on a particular area, having quotes around help keep me on the right track. Here’s my favorite 117 quotes about money and happiness.  117 Inspirational Quotes About Money And Happiness #1 “Money…

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Want Freedom? How To Calculate Your FI Number

It’s amazing how many younger Passive Investors Circle members begin pursuing financial independence (FI) shortly after completing their training. I first learned about the financial independence/retire early or FIRE community after 10 years of practicing as a periodontist. Honestly, the concept of financial independence had never occurred to me.  I thought there was no other…

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The Resort At Paws Up – A Montana Adventure Of A Lifetime

I have a confession to make – I LOVE Montana.   Heck, even “Honest Abe” did too! “My favorite state has not yet been invented. It will be called Montana, and it will be perfect.” – Abraham Lincoln If you’re a subscriber to this site (thank you!), then you’re probably wondering why I’m talking about traveling to…

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What’s the Difference Between Earned vs Unearned Income?

What’s the Difference Between Earned vs Unearned Income? It wasn’t until about seven years ago that I started searching for income sources outside of my dental practice. It took a minor wrist injury while skiing to make me realize I was depending 100% on the practice’s income. Not a good plan to have especially when…

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Wealth vs Income – What’s The Difference?

Wealth vs Income – Is there a difference between the two? Here’s how most people think about wealth and income… It’s actually fairly simple-minded as it goes something like this:  The more a person’s income increases, the more wealthy they become. Sound familiar? If this was the case, then all doctors, lawyers and other professionals…