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Physician finance
The math I'd never done A few years ago I took a hard fall on our annual family ski trip and landed on my wrist. It wasn't broken. It wasn't even a bad injury by any medical standard, just a…
The math I’d never done
A few years ago I took a hard fall on our annual family ski trip and landed on my wrist. It wasn’t broken. It wasn’t even a bad injury by any medical standard, just a sprain. But sitting there holding my arm and waiting for the throbbing to settle, a single thought pushed everything else out of my head.
I’m a periodontist. I treat patients with my …
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Why physician burnout is really a money problem
Physician finance
Are you solely relying on your income as a doctor? You might feel safe operating like this, but what if there's a way to make your financial future even brighter? In this fast-paced financial age, having more than one income…
Are you solely relying on your income as a doctor? You might feel safe operating like this, but what if there’s a way to make your financial future even brighter?
In this fast-paced financial age, having more than one income stream is no longer just a smart move—it’s crucial to securing your financial future.
In this article, I’ll uncover the exciting potential of diversifying your income in today’s medical landscape from a …
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The silent threat of doctors relying on one income
Physician finance
Tax benefits are one of the primary reasons many doctors invest in real estate. The U.S. government incentivizes real estate ownership as it is considered starting a business, which creates jobs and increases tax revenue. One way to achieve significant…
Tax benefits are one of the primary reasons many doctors invest in real estate. The U.S. government incentivizes real estate ownership as it is considered starting a business, which creates jobs and increases tax revenue. One way to achieve significant tax savings is by becoming a real estate professional, but this is impossible for those working full-time. An alternative option for these individuals is short-term rental properties.
A short-term rental (STR) …
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The short-term rental tax loophole: a game-changer for physicians
Physician finance
Your income doesn't matter. What you do for a living doesn't matter. If you want to keep from being broke, none of these things matter except for this: When you're dealing with money, you've got to understand how to do…
Your income doesn’t matter. What you do for a living doesn’t matter. If you want to keep from being broke, none of these things matter except for this: When you’re dealing with money, you’ve got to understand how to do simple math.
I hear stories about people that don’t understand what broke means. It could be the person that recent graduates from dental school with $400K in debt that buys the $80K BMW for instant …
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How not to be a broke doctor (5 ways)
Physician finance
A few short years ago, I started to worry about my family's financial future while vacationing. During our annual ski trip, I took a nasty fall, landing on my wrist. The pain in my arm made me take notice of…
A few short years ago, I started to worry about my family’s financial future while vacationing. During our annual ski trip, I took a nasty fall, landing on my wrist. The pain in my arm made me take notice of just how fragile our financial situation was.
As a self-employed periodontist, I asked myself:
- What if I was injured while playing sports with my kids?
- What if I became permanently disabled?
If …
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Hassle-free real estate investing for busy doctors
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