“Passive Income, MD” is a physician who blogs at his self-titled site, Passive Income M.D.
If you’re reading this, I have news for you. You are a high achiever.
Yes, I mean you.
You’ve set lofty goals in your life, and you’ve achieved a level of success others only dream of.
This might be in the area of academics, business, or relationships–and for some of you, all of the above. You’ve accomplished big things.
But I have a question for you. When was the last time you celebrated something small?
Really, …
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 …
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 …
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. …
“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 …
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 …
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 …
”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 …
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 …
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 …
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, …
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 …
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 …
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 …
At some point in your investing career, you’ve likely heard of a stock that’s gone on a ridiculous run or a certain part of town that has now become the trendiest in the area, and you’ve kicked yourself for not investing. We’ve all been there.
Well, the cliche is true: hindsight is indeed 20/20. In hindsight, who wouldn’t have purchased as many shares as they could of Amazon or Apple back …
I got together this past weekend with a few of my medical school classmates and ahhh, the memories. Being in the trenches together, just like in residency, tends to create a bond that remains throughout time. We picked up right where we left off and talked about the good ol’ times, how life used to be, and how it is so different now, especially because we now all had families.
That …
Imagine, if you will, that you’re an anesthesiologist. You’ve been part of a successful practice for over 10 years. You can walk down your neighborhood street and run into mothers whose epidurals you’ve helped place. You’ve established a home, a community, and your children are in a great school system.
One uneventful day, say Wednesday, you get an email from the hospital administrators announcing that there’s going to be a meeting …
“There’s an app for that.”
The phrase became so popular with the advent of smartphones that Apple even trademarked it. There are currently 3.8 million apps available on Android devices and over 2 million available to Apple iPhone users.
Does that mean that we’ve reached a limit on new and useful apps that can be created? Absolutely not. Especially in the medical world, it seems as if there’s so much room to …
It seems like everywhere I look these days people are talking about passive income streams: why you should start them, which ones you could start, how they can change your life, and how much money you can make from them.
Doctors commonly look for ways to create passive income as a way of being able to work less while still maintaining the lifestyle they want or honestly to quit …
“Do not wait, the time will never be just right.”
– Napoleon Hill
“The perfect time to start something never arrives. Start now.”
– T. Harv Eker
Timing is everything. In life, love, and business, this axiom holds true. At least, that’s what we tell ourselves. But is this always the case?
As a reader of this blog, you probably have some desire to establish some streams of passive income. So if you …
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