Stealth Wealth: I’m Just an Ordinary Average Guy
You know who you are. You drive an older car, mow the lawn, and live in a middle-class neighborhood. Your secret is your multi-million dollar net worth and your pending early retirement.
You know who you are. You drive an older car, mow the lawn, and live in a middle-class neighborhood. Your secret is your multi-million dollar net worth and your pending early retirement.
PIMD shares what he's learned as he's begun the process of making sure his aging parents were financially taken care of.
Physician on FIRE's step-by-step guide to donating to charities via a donor-advised fund using both Vanguard and Fidelity. A DAF can be a quick and easy way to give generously this year.
Most docs like the idea of starting a side hustle but are bogged down by obstacles in their way. PIMD believes you CAN do this successfully despite the challenges often holding a physician back.
Physician on FIRE uses a donor-advised fund to make the most of his charitable contributions. Find out if a DAF is the right way for you to give generously.
Would you like spending your energy and time on things you enjoy rather than on an ever-increasing to-do-list? Consider freeing up your valuable time by hiring a virtual assistant.
Live on half your income now so you can live the rest of your life on your own terms. Take the challenge and you will be rewarded handsomely!
Is an LLC the appropriate structure for owning your rental properties? PIMD breaks down the advantages and disadvantages of an LLC to help you decide if it's the right thing for you.
Here is a fly-over view of the various ways to invest in real estate.
Physician on FIRE compares the cost of a 10% tithe with typical investment fees of 1-2% and shows that generous giving is pretty great.
What opportunities have you passed up because you were afraid to fail? PIMD thinks we should take a hard look at the cost of inaction in our lives as motivation to choose the life we really desire.
Physician on FIRE is trading a lifestyle of maximalism for minimalism (at least as far as his closet goes). Find out what it takes to simplify your life. You might end up wishing you had done this years ago!
What would your spending look like if you tracked it for a year? You might be surprised to see what happens when you combine a FIRE mentality with a physician income -- you get very wealthy very quickly.
The WCI Network is all together tackling topics like investing in REITs vs owning individual rental properties, achieving FIRE without the side-hustle income, and lots more. Entertaining and informative, don't miss this one!
Understanding the "cashflow quadrant" can help you change from an employee to an investor mindset and move you closer to financial freedom.