Doctors, with their specialized skills and knowledge, have several options for generating passive income. Here are some potential sources: Real Estate Investments: Investing in real estate can be a lucrative passive income source. Doctors can invest in rental properties, commercial real estate, or real estate investment trusts (REITs). These investments can provide regular rental income...
Valentine’s day is coming up, so I thought I would share this important money tip with you guys.. One of the most important financial decisions you will make is who you marry. Choose wisely...I have worked with many doctors who got divorced several years ago and are still struggling financially because of it, because they...
I graduated from Tufts University School of Dental Medicine in 2011. I had about $ 250,000 in total student loans with no idea how interest rates really worked and how to pay off such a large amount of debt. . I am from Haiti where credit, student loans, etc. were not really a thing, especially...
These are a few reasons why you should look into real estate as an investment avenue. 1. Once you’re well established as a real estate investor, real estate tends to have a predictable cash flow. Cash flow is the net spendable income derived from the investment after all operating expenses and mortgage payments have been...
1. Discipline to Save & InvestTime is of the essence.Don’t delay saving and investing. The earlier you start, the better 2. Discipline to delay gratification.If you look around you, you’ll probably notice that we are surrounded by advertisements that are aimed at making us spend money on things we do not need…whether it’s ads for...
Life insurance can provide a protective financial cover for you and your loved ones. It ensures that you and your dear ones always get financial support. Here are some of the points to be aware of regarding life insurance. 1. Peace of MindHaving life insurance provides the ultimate peace of mind. Doctors, if you have...
Now that you are a practicing doctor, you need to avoid common mistakes that doctors tend to make when paying off student loans. 1. Losing track of loans.Borrowers are sometimes late with a loan payment or even default on a loan because they forget about one of their loans.Automate your payments so you don’t fall...