The PPhREI Network Highlights drop once a week and include the best posts from the PPhREI network….
There are many ways to reach Financial Independence… Some physicians achieve FI early in life and retire. These are our FIRE (Financial Independence Retire Early) colleagues. Others reach FI and cut back to part time or continue working while enjoying the security provided by financial independence. There also a lot of physicians out there that feel that financial independence is a nice idea but will not be possible until retirement. The Darwinian Doctor explains in detail the traditional 4% rule to reach FI and how you can speed up the process via other investment plans.
The Prudent Plastic Surgeon and Selenid self-manage their long-term rental portfolio. It is pretty impressive when you consider that Dr. Frey is a plastic surgeon practicing full-time. He shares exactly how he pulls off being a “physician landlord” in the below post. Dr. Frey highlights how important it is to set up processes and automation to decrease the workload of self-managing. He also reveals that managing is not always easy but keeping track of his “why” gets him and Selenid through the rough patches. This post is great because it demonstrates how you can do this too. But if it is not for you don’t worry… the Prudent Plastic Surgeon also mentions how real estate can be completely passive.
Making the decision to purchase a Short-term rental is the first big step to becoming a STR investor… What’s next? After deciding to join the STR owner’s club take a pause to learn about STRs. You can read blogs, listen to podcasts, reach out to friends and family that own, or even take a course to fast track your growth. Regardless of the path you chose check out the below post before making your first purchase. We hope the search is going well and have a great weekend.
Practice the Carpe Diem MD lifestyle and seize the day
Carpe Diem MD
Enjoy your Journey to Financial Freedom