In times of economic uncertainty and recessionary storms, the significance of cash flow becomes an indispensable lesson for experienced investors. While market turbulence may seem daunting, focusing on cash flow can act as a robust financial lifeline, providing stability, resilience, and unparalleled opportunities to weather the storm and emerge stronger on the other side.
Cash flow, simply put, is the lifeblood of any investment. It represents the net income generated from …
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Money, a topic often shrouded in secrecy and discomfort, has the power to shape our lives and influence our opportunities. Whether we like it or not, finances play a pivotal role in our personal and professional endeavors. However, our fear of talking about money can become a significant hindrance, limiting our potential for growth and success.
In many ways, discussing finances has become a social taboo. We avoid it at family …
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You have undoubtedly invested countless hours in honing your medical expertise to become great at helping others. Your commitment to the well-being of your patients is commendable, but sometimes, when you give too much of yourself, you can experience that dreaded burnout. That overwhelming sinking feeling, like you’re constantly spinning your wheels but not going anywhere. So today, I want to emphasize the importance of embracing your expanded identity and …
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In a recent Wall Street Journal article titled “A Housing Bust Comes for Thousands of Small-Time Investors,” the foreclosure woes of Jay Gajavelli, the head of Applesway Investment Group, were brought to light. Gajavelli’s ownership of multiple units across Houston took a turn for the worse, shedding light on the risks associated with syndicators in the real estate market. However, it is crucial to note that this case does …
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In the realm of real estate investing, multifamily syndication has garnered significant attention as a lucrative and rewarding investment strategy, particularly among physicians and other high-income earners. Primarily, its appeal lies in its ability to offer attractive returns while simultaneously generating passive income and long-term wealth-building opportunities.
Given the unique characteristics and benefits of multifamily syndications, it has rapidly become a popular investment vehicle among investors looking to diversify their income …
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Doctors make bad entrepreneurs. I know I told you they make great entrepreneurs. But there are always exceptions. There are a couple of reasons why:
- They are all perfectionists
- They often haven’t learned skills outside of medicine
- They don’t have any time for anything outside of medicine
Perfection stagnation
Our GPAs had …
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Doctors make great entrepreneurs. How do I know? I’ve worked with hundreds of physician entrepreneurs. Almost every single one of them first thinks that they don’t have it in them to become an entrepreneur and then surprise themselves by being pretty good at it.
Here’s what I’ve found is the common thread among physician entrepreneurs:
- They are masters of delayed gratification.
- They are natural problem solvers.
- They are good at marketing.
Masters …
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Do you know how much your time is worth? Those of us who are 1099ers can easily tell you our hourly wage. Now, what about everyone else?
Well, there’s a quick trick. Take your yearly salary and divide it by 2,000. So if you make a salary of $200,000 per year, you are making roughly $100 per hour.
Now there are a few assumptions. To start off with, there are actually 2080 …
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