Category: Passive Income
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Passive vs Active Income: Key Differences Investors Need to Know
Passive vs Active Income: Key Differences Investors Need to Know Active and passive income are two key concepts in personal finance that are significant in achieving financial stability. If you’re like me, you probably weren’t taught the difference in school—not even in dental school! Many of us are so focused on earning active income that…
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How To Create Multiple Streams Of Income
How To Create Multiple Streams Of Income Creating multiple streams of income is a smart strategy for achieving financial security and independence. By diversifying your income sources, you can reduce reliance on a single job (like being a doctor or dentist) and better withstand financial challenges. Think of it as a way to make your money…
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How To Make Your Money Work For You
How To Make Your Money Work For You Growing up, I often heard successful people say, “If you want to get rich, you have to make your money work for you.” When I first heard this advice in high school, I had no idea what it meant. Robert Kiyosaki, the author of Rich Dad Poor…
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How To Invest 100k In Real Estate For Passive Income
How To Invest 100k In Real Estate For Passive Income Investing $100,000 in real estate can be a strategic move toward financial success. I should know, as once I started investing extra money outside the stock market ten years ago, things started to change (for the better). In case you haven’t noticed, numerous investment strategies…
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(9 Ways) How To Make $100k A Year In Passive Income
(9 Ways) How To Make $100k A Year In Passive Income I recently spoke with a new Passive Investor Circle member (48-year-old endodontist) to help create a game plan for his financial future. One of the first questions I ask new members is, “What are you trying to accomplish?” Most people don’t have an answer…
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Passive Income vs Active Income: The Ultimate Showdown
Passive Income vs Active Income: The Ultimate Showdown It’s funny that I went to college and dental school to inevitably make money yet was never taught the difference between passive income vs active income. After receiving my first tax return, it didn’t take long to figure out that earned or ordinary income from fixing teeth…
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13 Best Passive Income Apps In 2022 And Beyond
[Editor’s Note: Today’s article is a guest post from Lyle Solomon is a licensed attorney in California. He has been affiliated with the law firms in California, Nevada, and Arizona since 1991. As the principal attorney of Oak View Law Group, he gives advice and writes articles to help people solve their debt problems.] A commonly asked question is, what’s the difference between…
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7 Streams of Income: The Secret To Becoming a Millionaire
When I began a start up dental specialist practice in 2005, I mainly focused on networking with other dentists for referrals and anything I could to increase new patient numbers. As a matter of fact, this was my MAIN focus for years. You see, shortly after training, marketing companies know that young doctors are hungry…
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3 Ideas For Passive Income From a Plastic Surgeon
3 Ideas For Passive Income for college students, med students, dental students & beyond from a recently trained plastic surgeon. [Editor’s Note: Today’s article is a guest post from Dr. Jordan Frey who blogs at The Prudent Plastic Surgeon. He recently completed his training and is now practicing in Buffalo, NY. He’s married with two…
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5 Reasons Physician Side Gigs Are A Must
5 Reasons Physician Side Gigs Are A Must Today’s article is from my friend over at Physician On Fire. He retired from medicine at the age of 43 in 2019, having achieved financial independence several years earlier. He started Physician on FIRE to enlighten, educate, and entertain other high-income professionals while discussing money matters of all sorts.…
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25 Best Passive Income Quotes For High Earners
25 Best Passive Income Quotes For Doctors If you’ve been a regular visitor to this blog, you know that I’m a BIG fan of passive income. Why? Because we’re not taught anything about finances during our training and I wanted to do my part to educate you based on my personal experience (even failures!). One…
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13 Top Apps To Make Money For Passive Income
13 Top Apps To Make Money For Passive Income Best Apps To Make Money For An Easy Financial Boost [Editor’s Note: Today’s article is a guest post from Bob, The Frugal Fellow, who is a freelance personal finance writer and blogger. After paying off nearly six figures in student loan debt, he decided to not only…
