PhREI Network Roundup | 10-22-2021

In today’s roundup, we’ve got ponderings on the meaning of financial independence, the best way to research stocks, and five downsides of real estate investing.

PhREI Network Roundup 10-22-2021

Carpe Diem MD

In this thought provoking post, Ian Cook considers the meaning of financial independence. He argues that merely covering your expenses via one stream of passive income (like real estate) is inherently risky. Ian goes on to caution doctors that if might not be a great idea to give up medicine completely, even after reaching financial independence.

I think Ian is onto something here. Physicians have a superpower, and it’s the ability to practice medicine and be well compensated. Giving up this power completely after hitting FI is not a decision to be made lightly.

Read this post on Carpe Diem MD: Can You Ever Truly Be Financially Independent?

The Darwinian Doctor

This week, I wrote about a great tool for researching and tracking your stocks. In an instance of serendipity, I shared an Uber ride with the CEO of Stock Card in Austin, TX. When I followed up on her company, I liked it so much that I published my individual stock portfolio on the site!

Stock Card is social media meets stock investing, wrapped up in a visually appealing, comprehensive, and slick package.

Read this post on The Darwinian Doctor: The Best Way to Research and Track your Stock Portfolio: Stock Card

The Prudent Plastic Surgeon

In the spirit of transparency, Jordan writes about five downsides of direct real estate investing. Here they are:

  1. It takes time
  2. It takes money
  3. It takes work
  4. The leaky toilet
  5. Troublesome tenants

Luckily, he takes the time to tell you how to overcome these challenges.

Read the post on The Prudent Plastic Surgeon: 5 Biggest Downsides of Real Estate Investing & How to Overcome Them

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