In this PPhREI network roundup, we talk about the role of luck in money and life, get some book recommendations, and learn the stealth wealth strategy of principal paydown.
This post may contain affiliate links.
Carpe Diem MD
In this post, Dr. Cook gives us a glimpse into the inspiring audiobooks and podcasts that sustained him through years of brutal SoCal traffic. He was quite partial to real estate podcasts like Biggerpockets, Tony Robbins, and Robert Kiyosaki. No wonder he ended up as a rental real estate specialist!
Take a look at his recommendations on the Carpe Diem MD blog: Mind Expanding Podcasts and Audible Books
If you’re looking for my personal book recommendations, check out my growing list here: The Darwinian Doctor Book Recommendations
The Darwinian Doctor
In this post, I explored the surprisingly powerful way capital paydown can add to your wealth over time. This is a natural side effect of making monthly payments on fixed rate mortgages. I talk about the concept of interest vs. principal, and then apply this to my own portfolio to add some much needed specifics.
Read the post on the Darwinian Doctor blog: The Stealth Wealth Strategy of Principal Paydown
The Prudent Plastic Surgeon
In our final offering, Jordan Frey, MD brings up a very important point: there’s a lot of luck involved in financial success. If I had started investing in real estate with a full doctor’s salary in 2010, for example, I’d be much farther along financially. But if I was just getting started with real estate investment just before 2008, I’d probably be a devout index funds only investor with a smoldering hate for real estate!
There’s a lot of things in life and investing that are indeed just luck, and Dr. Frey investigates this phenomenon in this post. What are his recommendations to minimize the randomness of luck?
Read the original post on the Prudent Plastic Surgeon blog: Examining the Role of Luck in Personal Finance
Make sure to subscribe to the newsletter so you don’t miss a post!
Want to support the blog?
- Visit my Recommendations page
- Check out my wife’s food blog: Eat Dessert First
- Stay at our luxury short term rentals!
- Check out my TikTok channel!
- Follow me on YouTube!
- Want to sponsor the blog? Contact me!
If you want to really accelerate your journey, join the exclusive mastermind group of the Physician + Professional Real Estate Investor Network.
Join the monthly membership for $50/month and you’ll get:
- Access to our Mastermind group, members, and founding members: The Darwinian Doctor, Carpe Diem MD, and the Prudent Plastic Surgeon
- Monthly live Mastermind sessions and access to previous recorded sessions
- Networking and encouragement from fellow motivated investors
Perhaps you’re more of a Facebook type?
Are you a physician, spouse, or professional and you’re interested in using Real Estate to gain financial freedom? Join us in our Facebook group and accelerate your journey!