In this PPhREI Network roundup, we discuss the return on your medical education and the financial performance of one of my apartment buildings.
The Prudent Plastic Surgeon
In this post, Jordan Frey calculates the return on his medical education. This is actually a fascinating post that breaks down this emotionally charged concept via some objective financial measures. To summarize, Jordan uses the concept of “net present value.” NPV is a number that represents the current value of your past and future cash flows (aka your entire career’s monetary value).
I actually found this article fascinating. A lot of what determines a “good” NPV and IRR is very subjective, so to even approach this calculation take a bit of introspection and examination of your financial goals. It makes some big assumptions about how long you’re going to practice medicine and at what intensity.
As Jordan examined his net present value, he acknowledged the role of medical debt in lowering his NPV. The punchline was that no matter your NPV or rate of return from your income, you won’t get very far without good financial habits.
Read the post on the Prudent Plastic Surgeon blog: Analyzing the Return on My Medical Education
The Darwinian Doctor
In this post, I present a case study on the financial performance of one of my apartment building investments. It’s a great example of the importance of location, as it has performed surprisingly well for its building class. But the cash flow was only one of the many ways that it created financial value.
Check out the post to see the detailed numbers and how it’s delivered almost $200k of financial benefit in 2023!
Read it on the Darwinian Doctor blog: A Transparent Case Study of my Indy Apartment Building
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