In this PPhREI roundup, we discuss how to convert active to passive income and also the temptation of lifestyle inflation. Enjoy!
The Prudent Plastic Surgeon
In this post, Dr. Frey tells us how to convert active into passive income. That’s the holy grail, right? We all want to turn our hard earned dollars into investments that make money for us on their own! He recommends we use three methods to do this:
- Index funds
- Real estate
- Optimize your practice (or contract)
While the last option might not seem like a typical investment, it is perhaps one of the most powerful ways that physicians can exert control over their day to day income.
For more details, read the whole post on the Prudent Plastic Surgeon blog: 3 Easy Ways Doctors Can Convert Earned Income into Passive Income
The Darwinian Doctor
This is one of the most popular pieces of short form video I created in the past few weeks. I riff off of a humorous post to talk about the dangers of lifestyle expansion as you become an attending physician. It’s something I’m intimately familiar with, as many of you know!
On Instagram, this video has been viewed 127,000 times (and counting)! Are you following me on Instagram yet? Please do!
Experience the financial benefits of real estate without dealing with the headache!
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