Category: Personal Finance
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77 Best Financial Freedom Quotes For Success
Unfortunately during college and dental school, the term “financial freedom” was NEVER mentioned. It was expected that if you wanted to get into a high-earning profession, taking out loans and going to school for a LONG time was the best route. 🙁 I was first exposed to the internet in 1996 during my senior year…
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How To Turn 100k Into A Million (Step-By-Step)
How To Turn 100k Into A Million (Step-By-Step) Most new Passive Investors Circle members come prepared to invest $100K into their first real estate syndication deal. Many times they’re looking for how to turn 100K into a million in as short as time possible. The majority are familiar with investing in the stock market and…
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New Money vs Old Money – Which Is Better?
There’s a handful of people I went to high school with that grew up with “money“. Old money that is. These individuals have had wealth trickling down their family tree for generations. Two of them have families that when added together, own over 65% of the town I live in (Monroe, Louisiana). This inherited money…
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Is a 401k Worth It Anymore?
Is a 401k Worth It Anymore? In several conversations lately, I’ve been mentioning the phrase, “You don’t know what you don’t know” quite often. Take for instance, a 401k or any type of retirement plan that we’ve been told is the BEST investment strategy for retirement. If this is the ONLY option you’re given, then…
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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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VTSAX vs VOO – Which One Is Better?
As long as I can remember I’ve always had an interest for investing. Maybe it stems from my “lawn mowing” days in high school where I learned firsthand working for myself and making my own money was the way to go. I loved working on my own schedule and not someone else’s. One of the…
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Mindset Is Everything: The Key To Investing Success
“Get your mind right son!” This is what I’d hear each time I stepped into the gym when I was living in South Louisiana from one of the “regulars”. I was fresh out of dental school and didn’t know what he was really trying to do…I just thought he was being funny. It took years…
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Failure Is The Key To Success
You failed your math test. Your football team was defeated last night in the playoffs. You lost your tennis match yesterday. You’re an epic failure. If you’re like most people, you probably have a bad relationship with failure. I know I have. Look, I understand that nobody wants to fail. For most people, the word…
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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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How To Invest For Capital Preservation
“Rule No. 1 is never lose money. Rule No. 2 is never forget Rule No.1.” – Warren Buffett If one of the greatest investors ever tells us the MOST important rule to reach our financial goals is to NEVER lose money, do you think we should pay attention? He didn’t mention about investing in real estate,…
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What If Money CAN Buy Happiness?
“Money can’t buy happiness…but it CAN buy cows, right? And cows produce milk, and milk makes ice cream, and ice cream makes you happy.“ This is the type of stuff I think about when my brain is in “relaxation” mode while eating Huckleberry ice cream at my favorite Montana resort, Paws Up. Whether you realize…
