Fawcett’s Favorites 6-21-21

Each week I run into a few articles that I feel are especially valuable. Every Monday I would like to share some of the best with you, my readers. I hope you find them helpful. This week’s favorites include tips for starting a real estate side hustle, how much passive income does it take to … Read more

How I Knew it was Time to Retire

Many people have asked me how I knew it was the right time to retire. They are struggling with the decision and are afraid to pull the trigger too soon. Retiring from medicine is almost a final move as it is very difficult to return after being away for a period of time. I haven’t … Read more

Everyone is using the 4% rule wrong

Most people who are saving for retirement are familiar with the 4% rule. According to this rule, proposed by William P. Bengen in 1994, and later confirmed by Trinity University in 1998, you can withdraw 4% of your retirement assets the first year of retirement and then increase your withdrawal for inflation each year thereafter. … Read more

A Million Dollar Ski Boat Mistake

Forums and Facebook groups abound with a frequently asked question that sounds something like this: “Should we sell our positive cash flow rental to buy (insert fun new toy) so we don’t have to attain a loan?”  When someone wants to buy a new car, boat, or motorhome but they have learned that buying toys … Read more

The Incredible Power of Real Estate Investing

A happy reader of The Doctors Guide to Real Estate Investing for Busy Professionals recently wrote me and asked a question regarding the value of his recent real estate investment purchase. I stated in the book to use the property’s cash flow as the main factor in deciding if an investment was worth making. After … Read more