The PPhREI Network Highlights drop once a week and include the best posts from the PPhREI network….

One of my favorite blog series is the “Letters to My Sons” series written by Dr. Shin. These posts are always heart felt and full of wisdom that the Darwinian Doctor would like to pass to his sons. These are always great and this one really speaks to me.

Dr. Shin quotes Naval Ravikant in this letter and the below statement rings true…

“When you’re young, you have time.  You have health, but you have no money.  When you’re middle aged, you have health, but you have no time. When you’re old, you have money and you have time, but you have no health.  So the trifecta is trying to get all three at once. 

By the time people realize they have enough money, they’ve lost their time and their health.”Naval Ravikant, The Almanack of Naval Ravikant

Read the paragraph above and decide where you fit in this description… Lauren and I are going for the trifecta… It is not perfect because we do need to work maintain our lifestyle… but we have cut back our work schedules to make sure to enjoy the time we have now…

Have the Courage to Change Your Life | Letters to My Sons

The Prudent Plastic Surgeon raises the age old financial blogger question… “Pay off debt or invest?” If you ask three physicians this question you’ll get four answers and none will agree….

Dr. Frey points out in this post that the answer is a personal choice and may not even follow the cold hard numbers. For some the freedom of paying off student debt is worth leaving some money on the table.

For others, the numbers are pretty clear… If you have student loans locked in and 3% or less then you are probably better off investing your money, rather than paying student loan debt…

In the end, this decision is still personal and based on your risk tolerance. It is ok, no matter which way you choose.

Dr. Frey has a hybrid approach where he pays down his student loans and invests. Lauren and I are not aggressive at paying our student loans and instead max out our retirement accounts and put the rest into real estate. Both approaches work.

What’s Better? Should You Pay Off Debt or Invest?

The Carpe Diem MD post of the week is all about relationships. Motivational speaker Jim Rohn coined the phrase “You are the average of the five people you spend the most time with”. This is a fantastic phrase but is it really that simple?

5 people… is it really that simple?

The Carpe Diem Short-Term Rental Course launched MONDAY, May 16th, 2022.

If you missed the start date click the link below to join…

This course is designed to guide through the entire process of purchasing your first or next short-term rental. You will learn how to identify a market, vet real estate agents, analyze properties and how to self-manage. Other topics include the tax saving strategies, booking keeping, remote management and more…

The group settings are small so everyone taking the course will have all their questions answered. We have weekly live zoom meetings in addition to recorded content. Lauren and I are also available between live sessions to answer questions throughout the 8 week course and beyond.

You can even use CME funds to take the course and earn 6 units of CME.

Enrollment is OPEN for the May 16th, 2022 Carpe Diem MD Short-Term Rental Course + Physician Wellness and Burnout CME… (click here to learn more)

Practice the Carpe Diem MD lifestyle and seize the day

Carpe Diem MD

Enjoy your Journey to Financial Freedom