Passive Income During Residency | PPhREI Network Roundup | 1-28-2024

by The Darwinian Doctor

In this roundup from the PPhREI Network, we discuss generating passive income as a resident and the fact that doctors are going to have to save themselves.

The Prudent Plastic Surgeon

In this post, Dr. Frey examines the concept of passive income as it applies to physicians during residency training. Is this even possible or advisable? Jordan gives it a resounding Yes!

He clarifies that there are a few specific ways that he endorses, specifically:

  • Index fund investing
  • House hacking
  • Using the margins of your budget to invest
  • Utilize your medical expertise

Out of all of these, I think the index fund investing is the most important. You may or may not be in a financial place to house hack, but you should be able to start saving a small amount of your resident salary into your 401k. Even if it’s a little bit, it will compound over time.

Read the whole post at the Prudent Plastic Surgeon blog: Is It Stupid to Chase Passive Income as a Resident?

The Darwinian Doctor

In this post, I talked about some of the big challenges I see in American healthcare:

  • The increasing control of insurance companies over healthcare decisions
  • The en masse purchasing of medical groups and ERs by private equity
  • The physician shortage

After discussing these, I talk about what I think is the right approach for doctors. Rather than waiting around, hoping for a savior, I argue that it’s time to save ourselves. How? Through taking ownership over your day to day work life and moving towards financial freedom.

Read the entire post at the Darwinian Doctor blog: Physicians, No One is Coming to Save Us



Experience the financial benefits of real estate without dealing with the headache!


Want to support the blog?

You may also like

Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Urologic Surgeon | Real Estate Investor | CEO

Urologic Surgeon | Real Estate Investor | CEO

About me

I’m Dr. Daniel Shin, a urologic surgeon and real estate investor on a mission to fast-track your financial freedom. I used to be $300,000 in debt and handcuffed to my job.  Now I’m living a life of freedom, purpose, and exponential growth. Ready to join me on this journey? Let’s go!

A Darwinian Disclaimer

Since everyone is different, it may not be appropriate to generalize my doctorly advice to your own situation. Please run all medical, life, and financial advice by your own physician or financial professionals before applying it to your own life! Consider all information for your entertainment only!

Images and Copyright

To the best of my knowledge, the images used in this blog are either taken by my own camera, free stock photos, or considered allowable usage under "Fair Use" law. Please let me know if you believe otherwise.

Affiliate Policy

Affiliate Policy
As you explore the site, you may notice links to goods or services. I may earn a commision if you use a link to purchase any of these. While this blog is really just a labor of love and a creative outlet, if I can "keep the lights on" with affiliate links, all the better. Rest assured any reviews you read here represent my unbiased opinions, and there is no added cost to you to utilize the links. Please go here to read my full Affiliate policy.

Evolution Holdings LLC
All rights reserved.

@2024 – All Right Reserved.

0
Would love your thoughts, please comment.x
()
x