Category: Personal Finance

Does Forming an LLC Really Protect Personal Assets? Starting a business involves many crucial decisions, including which legal structure to set up. One popular option is forming a Limited Liability Company (LLC). An LLC offers several advantages, such as privacy, tax benefits, and, most importantly, asset protection. Understanding how an LLC safeguards your assets is key to…

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How To Use a Self Directed 401k Plan For Retirement I’ll never forget the email I received from a new Passive Investor Club member who had recently discovered the possibility of using their “locked up” retirement account money to invest outside of the stock market. After graduating from dental school, his retirement plan looked like…

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11 Businesses That Run Themselves For Passive Income Warren Buffett once said, “If you don’t find a way to make money while you sleep, you will work until you die.” I realized a few years ago after a wrist injury that if I couldn’t use my hands then I couldn’t provide for the family. But…

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From Scrubs to Side Hustles: 13 Best Physician Side Gigs [Editor’s Note: Today’s article is a guest post from Justin Nabity, CFP of Physician Thrive. Justin founded Physician Thrive to help doctors avoid business and legal pitfalls along with helping them build their financial education.] There are a lot of factors physicians consider when starting their careers…

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Is The Stock Market Rigged? The Truth Exposed Years ago, I watched a documentary about how sites like SeatGeek and StubHub can acquire so many tickets to events BEFORE the general public. This was right around the time of the Superbowl so I decided to see it in action for myself. I logged in shortly…

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Each time I have a call with a new Passive Investors Circle member, one of the first recommendations I make is for them to read Robert Kiyosaki’s Rich Dad Poor Dad. The majority of real estate investors cite this book as the catalyst to begin pursing passive income.  Rich Dad Poor Dad has sold over 40…

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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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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? 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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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 in investing. Maybe it stems from my “lawn mowing” days in high school, where I learned firsthand that working for myself and making my own money was the way to go. I loved working on my own schedule…

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