Would it surprise you to learn that successful doctors share many traits with successful entrepreneurs and investors? Too often, physicians I talk with believe their ideal life (and the income it requires) is not achievable. They want to earn additional income but are afraid of failing in the investment and business worlds. Unfortunately, their limiting […]
The landscape of medicine is changing. More and more, physicians are searching for alternative ways to make additional income. What’s causing this shift? Growing dissatisfaction and burnout in the field, not to mention the financial burdens, such as student loans, causing many doctors to live paycheck to paycheck. Whether to supplement their earnings or to […]
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 […]
Happy Thanksgiving, everybody! It’s that time of year where we focus a little harder on the things we’re thankful for. And honestly, being grateful is part of the reason why the holiday season is so special and healing. Gratitude, it seems, gives us lasting happiness. And this is backed by science. A recent article in […]
How much time do you spend working each week? There is a cultural expectation that full-time professionals can expect a Monday-through-Friday, 40-hour work week. Doctors know that such a schedule hardly exists in our field. In fact, we work longer hours on average. According to a 2023 Medscape Physician Compensation report, the average doctor works […]
What does it mean to be truly free? As long-time readers know, we here at Passive Income MD focus on helping physicians build enduring wealth, or what’s called financial freedom. Financial freedom is certainly part of the answer. But it’s important to remember that financial freedom isn’t an end in itself but a means to […]
In the demanding world of medicine where long hours and stress often lead to burnout, many of us are starting to seek work-life balance by searching for alternative income sources. Eckard Enterprises understands this, and after years of pursuing energy assets, they have developed a unique approach to mineral rights investing that can help improve […]
You’ve dedicated years to your medical specialty, journeying from a resident to a fellow, attending, and possibly even establishing your own practice or partnering with others. After all this, why would I suggest shifting your focus? Regardless of your specialty, there’s one universal aspect we must all consider: retirement. Preparing for retirement early can significantly […]
Have you ever wondered why some people seem to have all the luck with investing? They always seem to be in the right place at the right time, making a killing while the rest of us are left scratching our heads. The truth is, luck has very little to do with it. But your mindset […]
Do you ever wish for a simple diagnostic test that could assess the health of your finances just as easily as a routine medical check-up? Well, you’re not alone. This article provides three key steps to help you gauge your financial health, empowering you to take control of your future. 1. Understanding Personal Finance Knowing […]
