Business Archives - Passive Income MD

Displaying 11 Posts categorized under Business

Now is the Time for Physicians to Become Entrepreneurs

Now is the Time for Physicians to Become Entrepreneurs

Imagine this: the stethoscope and the lab coat meeting the laptop and the boardroom. A little unusual, right? Yet, this is the new reality calling to us. As a doctor who has taken the plunge into the entrepreneurial world, I can tell you firsthand – there’s no better time than now to expand our horizons […]

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How Entrepreneurship Could Be the Key To Beating Physician Burnout

How Entrepreneurship Could Be the Key To Beating Physician Burnout

We became doctors to help people. But who helps us?  As doctors, we pledge our lives to the health and well-being of our patients, yet, ironically, in that process we forget about our own mental health and well-being. As a result, many of us experience burnout.  We have some standard ways to keep burnout at […]

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Three Keys to Starting a Physician-run Business

Now, more than ever, physicians are turning to side hustles and starting their own businesses. I think that’s a great thing–in fact, between growing burnout rates, lack of real job security, and increasingly restrictive regulations, I’d say that now is the perfect time to do just that.  As a physician, if you’ve seen the value […]

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Do Doctors Make Good Entrepreneurs?

When it comes to entrepreneurship, there are a lot of misconceptions out there–especially when it comes to doctors. For one, many people think that the only way a doctor can be an “entrepreneur” is by running their own practice. This isn’t wrong–running a practice is running a business–but these days, there are many, many more […]

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best financial decisions of 2019

My Best Financial Decisions of 2019

In my previous post, I shared some of the worst financial decisions I made in 2019. To summarize, I know I’m not perfect and will definitely make mistakes. However, I’m happy to take those mistakes and learn from them. Mistakes, after all, can lead to growth. As an appropriate follow-up to that post, I thought […]

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Why You Need More “Employees”

Why You Need More “Employees”

Using Robert Kiyosaki’s Rich Dad, Poor Dad’s Cash Flow Quadrant to justify why we should stay in the “Investor” box to earn passive income, White Coat Investor validates how to become wealthy with more “employees.” Today’s Classic is republished from White Coat Investor. You can see the original here. Enjoy! You need more employees. Let […]

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You can't do it all

Stop Trying To Do It All

(Reminder: Enrollment for our new course Passive Income By Investing In Syndications ends soon. Click here for more info!) If there’s anything I’ve learned about readers of this site, it’s that you are some of the most accomplished and motivated people on this earth. When I hear about some of the things you’re doing during […]

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Book Review: Never Split the Difference – Negotiating As if Your Life Depended On It

Never Split the Difference is a book written about negotiation in business and sales by Chris Voss, a former FBI lead hostage negotiator. On the first pass, this book might sound like it has no relevance to physicians. However, I believe this could not be further from the truth – it is vital for physicians to […]

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Tips For Going Into Business With Friends

Just from reading the title of this post, I’d be willing to bet that some of you are already shaking your head. We’ve all heard the old adage, “don’t mix friendship and business” and that’s generally good advice. Some people will go as far as to say that the easiest way to lose a friend […]

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My Fantasy Finance Team 2016

  So last night we held the draft for one of my two fantasy football teams this year. For those who might not know what that is, Fantasy Football – or “fake football” as my wife likes to call it – is simply a game where competitors in a league pick players to be on […]

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