income streams Archives - Passive Income MD

Displaying 7 Posts categorized under income streams

6 Habits of Successful Wealth Builders That Will Transform Your Finances

When we talk about wealth, we’re not just talking about money; we’re talking about something much bigger. We’re talking about having control over your time, really being intentional about what you can do with your life, who you spend it with, and how much joy, happiness, and fulfillment you can have with it. When I […]

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Why Creating Additional Income Streams is No Longer Optional

It’s becoming more and more common to see people, regardless of their careers, lifestyles, or situations, working towards creating streams of income outside of their day job. I’m here to tell you why it’s no longer a fun hobby. Now, it’s actually a necessity, even for physicians. More Income Streams = More Security Pre-Y2K, being […]

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5 Reasons I Prefer Real Estate Over Stocks

5 Reasons I Prefer Real Estate Over Stocks

Should you invest in stocks or real estate? It’s a big question, and there are many, many opinions out there. While both certainly have their pros and cons, I thought I would give you an idea of exactly why I prefer real estate over stocks. Of course, investing is different for everyone, and everything depends […]

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important financial lessons

3 Important Financial Lessons I’ve Learned From The Coronavirus Pandemic

The world is different now than it was a couple of months ago. We’ve seen unprecedented changes happening almost daily for weeks, and things are difficult for almost everyone. We often learn our most important financial (and other) lessons in times of adversity. A lot of things have moved from theory and into reality – […]

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Are Side Hustles the Best Kind of Asset Protection

Are Side Hustles the Best Kind of Asset Protection?

What happens when you pair a relatively successful side hustle with smart strategies intended to reduce risk? You’ve got one heck of a business. The Physician Philosopher shares his highly introspective insight into using your side hustle for asset protection. Today’s Classic is republished from The Physician Philosopher. You can see the original here. Enjoy! […]

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Obstacles Physicians Face in Pursuing a Side Hustle

The idea of a side hustle seems to appeal to most people I talk to. It’s a great way to learn new skills, supplement your income, and build streams of passive income — all without quitting your day job. And as evidenced by the discussions in our Facebook group, many physicians also love the idea of a […]

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How many streams of income should you have?

How Many Streams of Income Should You Have?

I talk a lot about having multiple streams of income. I believe it’s the most efficient way to build wealth — but I’m not the only one. Researchers have even pinpointed a statistic: millionaires, on average, have not just one, but seven streams of income. Now, when I read that, being the critical thinker I […]

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