The Value of Passive Income in Retirement | PPhREI Network Roundup | 5-5-2023

In this PPhREI Network roundup, we discuss how comparison is the thief of joy, the downsides of locum tenens, and the value of passive income in retirement.

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Carpe Diem MD

In this post, Ian Cook, MD goes over the myriad of ways that comparison is the thief of joy. From comparing financial status levels to the growth of your short term rental portfolio, there are a number of ways that comparison can do more harm than good.

I think this is a great reminder, especially in this era of social media. Half of what you see out there is not actual reality. And for the half that is actually as successful as they seem, it likely didn’t happen overnight. It usually takes years of steady effort and growth to achieve success.

Read the original post on the Carpe Diem MD blog: Comparison… What is it good for?

The Darwinian Doctor

In this post, I talked about my recent experience as a locum tenens physician. After moving to Memphis, I gave up traditional employment and now split my time between locum tenens urology and real estate investing. This experiment has been going on for about three months now and there are clear wins from this approach in terms of income efficiency and autonomy. However, there are some downsides which I highlight in the post.

Read the post on the Darwinian Doctor blog: 3 Downsides of Locum Tenens Medicine You Should Know

The Prudent Plastic Surgeon

Lastly, Jordan Frey, MD discusses the way that passive income can dramatically alter your needs in retirement. He highlights what I realized when I switched from stock investment over to real estate investment: every dollar of passive income is equivalent to $25 of retirement savings. Why? Because of the 4% rule.

Learn more about this math in the original post: How Does Passive Income Figure Into Your Retirement Calculations?

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