Doctors have some of the most consistent sources of income out of all the professionals in the United States of America and around the world. Yet a large percentage of doctors don’t get financial freedom until very late in their careers. This is not just a factor of school debt but a lack of financial literacy. In order to truly build a financially free life, you need to create wealth. And that means getting your time back and having time freedom. Wealth is built when you leverage other people’s money and other people’s time. You need your money to work for you even when you’re sleeping. By being part of the GetFREED investing tribe, you can finally create the wealth that you always want to create.
Keeping up with Investments is a Time-Consuming Process
When people think of investments, they most often choose the stock market, or more recently, cryptocurrencies. These are decent investment options but you need to pay close attention to the volatilities of the market and find the right stocks, cryptos to make a good return. Even the best stock pickers don’t beat the S&P 500 most of the time. As the return percentage is higher, the risks associated with such investments are also higher. In today’s world, even a Tweet can crash stock markets around the world. This has made the whole investment scenario a challenge for Main Street because it’s heavily manipulated. Financial advisors have a vested interest in keeping you in the stock market rather than telling you about other more lucrative (and safer) tax-advantaged investments like real estate. Tracking the developments in the complex market is not for busy people like doctors. This is why real estate investment for doctors is the best option.
A Simple, Yet Effective Investment Option
The real estate market is not as volatile as other markets. When compared with Cryptos, NFTs, the return could be slightly lower. At the same time, the risk associated with real estate investments is also lower. As a physician or other doctor, you will not lose your hard-earned money. It will continue to grow at a steady rate and you can see your wealth multiply in years. When it comes to real estate, choosing a trustworthy team that is knowledgeable, ethical, and detailed orientated is all that is needed. You need not worry about the daily fluctuations in the market.
Once you invest in a property, your wealth will grow in multiple ways. Firstly, you will have someone pay down your mortgage, and you build equity. Secondly, you will get rental income that can help you with the cash flow, so you can start reducing your workload. Thirdly, you will save on taxes because the IRS will treat your property as a depreciating asset. All the while, the property will appreciate over time, growing your wealth. All in all, it is the best option for physicians, doctors, and other medical professionals who don’t regularly follow the financial news and market conditions. This will allow them to focus on whatever fulfills their life, or “passion income.”
Get Good Gains & Growth of Wealth for Your Investments
When you invest your money in real estate, you become a physician entrepreneur. You are no longer tied to your income as a doctor. You are a business owner. The US tax code was written specifically to give small business owners advantages. However, finding the right real estate properties is not as easy as it sounds. Even real estate properties have risks associated with it. There are rules and regulations that you need to keep abreast of. This is where a community like ours can be of immense help to you. We help give advice on tax strategies as well as asset protection.
So, what are you waiting for? Build your wealth,and start investing in real estate today.
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