Every July, we have some time to think about our independence and freedom. We also celebrate and spend time to be grateful for those that helped us achieve that. Everyone reading this certainly has a lot to be grateful for. But I also know that there are those that might feel a bit trapped in their current life situation. Some might hear the term “financial freedom” and think it’s ...

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When I first started working on this blog post, the working title was “Different Ways to Make $1 Million in Real Estate.” However, I realized that if you’re reading this, you’re likely looking for a similar type of life that I’m interested in: a life of financial freedom where I’m also able to make huge contributions to society as well. Unfortunately, $1 million may not be enough these days to make that ...

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Something I’ve been thinking about lately is the path that we’ve all been somewhat conditioned to take. And that is working really hard now so we can reap the rewards later. If you don’t work really hard now, you risk not being able to enjoy life when “later” finally comes. Does that sound familiar to you? Well, it should, because that’s the exact path we took to become successful in our careers. ...

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“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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