Category: Personal Finance
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Accredited Investor Definition: What Are The Requirements?
Accredited Investor Definition: What Are The Requirements? Being an ‘accredited investor‘ plays a significant role in private investing. It refers to individuals allowed to invest in certain types of investments not registered with the Securities and Exchange Commission (SEC). These investments are typically more risky but can be more rewarding, potentially offering much higher returns…
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Fat FIRE: A Game-Changer for Early Retirement Success
Fat FIRE: A Game-Changer for Early Retirement Success There’s been a big push these days for high-income earners (i.e., doctors) to reach FIRE status. With declining job satisfaction and increased burn-out rate, can you blame them? Related article: I Can’t Do It Anymore: 3 Reasons Doctors Hate Their Job Let’s start by defining the FIRE movement……
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Does Forming an LLC Really Protect Personal Assets?
Does Forming an LLC Really Protect Personal Assets? Starting a business involves many crucial decisions, including which legal structure to set up. One popular option is forming a Limited Liability Company (LLC). An LLC offers several advantages, such as privacy, tax benefits, and, most importantly, asset protection. Understanding how an LLC safeguards your assets is key to…
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How To Use a Self Directed 401k Plan For Retirement
How To Use a Self Directed 401k Plan For Retirement I’ll never forget the email I received from a new Passive Investor Club member who had recently discovered the possibility of using their “locked up” retirement account money to invest outside of the stock market. After graduating from dental school, his retirement plan looked like…
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11 Businesses That Run Themselves For Passive Income
11 Businesses That Run Themselves For Passive Income Warren Buffett once said, “If you don’t find a way to make money while you sleep, you will work until you die.” I realized a few years ago after a wrist injury that if I couldn’t use my hands then I couldn’t provide for the family. But…
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From Scrubs to Side Hustles: 13 Best Physician Side Gigs
From Scrubs to Side Hustles: 13 Best Physician Side Gigs [Editor’s Note: Today’s article is a guest post from Justin Nabity, CFP of Physician Thrive. Justin founded Physician Thrive to help doctors avoid business and legal pitfalls along with helping them build their financial education.] There are a lot of factors physicians consider when starting their careers…
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Is The Stock Market Rigged? The Truth Exposed
Is The Stock Market Rigged? The Truth Exposed Years ago, I watched a documentary about how sites like SeatGeek and StubHub can acquire so many tickets to events BEFORE the general public. This was right around the time of the Superbowl so I decided to see it in action for myself. I logged in shortly…
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117 Robert Kiyosaki Quotes For Building Wealth
Each time I have a call with a new Passive Investors Circle member, one of the first recommendations I make is for them to read Robert Kiyosaki’s Rich Dad Poor Dad. The majority of real estate investors cite this book as the catalyst to begin pursing passive income. Rich Dad Poor Dad has sold over 40…
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77 Best Financial Freedom Quotes For Success
Unfortunately during college and dental school, the term “financial freedom” was NEVER mentioned. It was expected that if you wanted to get into a high-earning profession, taking out loans and going to school for a LONG time was the best route. 🙁 I was first exposed to the internet in 1996 during my senior year…
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How To Turn 100k Into A Million (Step-By-Step)
How To Turn 100k Into A Million (Step-By-Step) Most new Passive Investors Circle members come prepared to invest $100K into their first real estate syndication deal. Many times they’re looking for how to turn 100K into a million in as short as time possible. The majority are familiar with investing in the stock market and…
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New Money vs Old Money – Which Is Better?
There’s a handful of people I went to high school with that grew up with “money“. Old money that is. These individuals have had wealth trickling down their family tree for generations. Two of them have families that when added together, own over 65% of the town I live in (Monroe, Louisiana). This inherited money…
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Is a 401k Worth It Anymore?
Is a 401k Worth It Anymore? In several conversations lately, I’ve been mentioning the phrase, “You don’t know what you don’t know” quite often. Take for instance, a 401k or any type of retirement plan that we’ve been told is the BEST investment strategy for retirement. If this is the ONLY option you’re given, then…
