“Burnout” has been a buzzword circulating in the medical community quite a bit lately. The World Health Organization has just recognized the term as an official medical diagnosis as part of ICD-11. One moment you’re graduating medical school, full of hope and excitement for residency. The next moment, you’re overly stressed and working insane hours every week. Honestly, it isn’t a huge surprise that nearly half of all physicians ...

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We seem to get a ton of questions on the Passive Income Docs Facebook group about how to start investing in real estate. It can initially be a very intimidating venture. I remember when I started with a $5,000 investment in a crowdfunded deal. It was downright scary. I’ll be honest, I didn’t have a great grasp of what I was investing in. However, I knew that ...

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What does it mean to actually be financially free? If we make it a goal, what are we really working toward? Rather than looking at financial freedom as an abstract concept, it can be very useful to visualize exactly how it could impact your life. Ultimately, financial freedom means different things to different people. To me, true financial freedom comes when you can quit your day job and still be able to ...

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”You are the average of the five people you spend the most time with.” You may have heard this quote, from famous motivational speaker Jim Rohn, many times before. Taken at face value, the quote relates to how we are influenced. But it’s also a sentiment that really sums up how we live and interact with our closest friends and family. Tony Robbins takes it a step further, saying that “the quality of ...

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As someone who can’t stop talking about passive income investments, I inevitably end up having a lot of conversations about investing in real estate. I’ve heard countless stories of how real estate investing has helped people achieve their goals, but from those who don’t invest, I often hear this objection commonly voiced, “I don’t want to be called in the middle of the night to unclog a toilet.” What I ...

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If there’s anything I’ve learned about readers of my site, it’s that you are some of the most accomplished and motivated people on this earth. When I hear about some of the things you’re doing, I’m blown away. Many of you run a successful practice while also being a dedicated parent and partner. People often ask me how I find time to do it all. However, I’m truly amazed at how some of ...

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If you’ve done any research into real estate investing, you’ve likely heard the term “turnkey real estate.” Businesses calling themselves “turnkey companies” claim to take care of all the hard parts of real estate investing – helping you with all aspects of purchasing and managing a rental property – leaving you to sit back and collect passive income. That sounds great, but surely there’s a catch, right? Well, ...

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It’s been a little over two years since I started this journey of blogging about passive income, and I’ve learned so much along the way. The term "passive income" has come to mean something very different to me over these years. I used to think that passive income was simply earning money in a way that isn’t proportional to the time you put in. And while this is ...

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Financial freedom means different things to different people, but to me, it’s when you can quit your day job and be able to cover your expenses with other sources of income. The dollar amount depends on your unique situation, where you live, and the lifestyle you lead. I believe all physicians can attain financial freedom, but some encounter obstacles that delay them from reaching that point and sometimes keep them from ...

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Within the medical community, there seems to be a prevailing belief that when it comes to business and finance: Well, we’re just not very good at it. Some chalk it up to the lack of financial training we received in medical school. Others say it’s simply not in the physician’s DNA – that our brains are wired differently. I would disagree. In reality, I’ve seen many, many physicians become successful ...

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