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Posted on 6/1/16 at 12:20 pm to GeauxTigers777
GeauxTigers im not giving you that advice to protect you from margin of error. I dont know your goals but I know for me, my goal is to replace my current income with passive income. I love my businesses but within 5 years Im going to turn the 5 stores I own into the 5 stores I rent out and Im going to hopefully by that point have the dividend income + rental income to never work again and just travel the world with the wife.
I dont know what you wanna do with your life, im sure you love being a doctor, but I promise when you turn 50 you may wanna see whats out there and travel the world or whatever you want. In that case. You want to be debt free and have the income flowing in from other sources that dont require your human capital which being a doctor demands a lot of. My uncle is 68 and still a cardiologist I know.
If you dont wanna be tied to your clinic, pay off your assets quick and build that solid portfolio from today. Everyone has a magic number, maybe yours is $200k or $300k whatever it is, your dividend portfolio can get you where you want to be in order to quit your job
I dont know what you wanna do with your life, im sure you love being a doctor, but I promise when you turn 50 you may wanna see whats out there and travel the world or whatever you want. In that case. You want to be debt free and have the income flowing in from other sources that dont require your human capital which being a doctor demands a lot of. My uncle is 68 and still a cardiologist I know.
If you dont wanna be tied to your clinic, pay off your assets quick and build that solid portfolio from today. Everyone has a magic number, maybe yours is $200k or $300k whatever it is, your dividend portfolio can get you where you want to be in order to quit your job
This post was edited on 6/1/16 at 12:21 pm
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