On March 4th of this year, Dr. Jim Dahle of the White Coat Investor and I “marched forth” together, announcing the creation of the WCI Network. In case you missed it, these are the announcement posts from nearly nine months ago:
- Physician On FIRE – Applying FIRE Principles to High Income Professional
- Mixing Business with Pleasure: PoF goes to SLC
The Origins of the WCI Network
In early 2016, this site celebrated its One-Year Blogiversary. In twelve months, I had gone from planning to publish a post three or four times a month to being committed to publishing three posts per week.
I was spending more time helping people that contact me via e-mail, participate in various forums and facebook groups, and interacting more than ever with a growing social media presence.
I was also working full time, and the home life of a husband with two young boys in elementary school can be a busy one, too.
Blogging and writing is fun! The business of blogging can be lucrative, but for me, it’s not as fun, but it sure can be time-consuming. I had been contacted by a subsidiary of a large publishing company looking to work with me on the advertising aspect, but I wasn’t convinced they understood my blog and its readership.
Over the course of a couple dozen e-mails and a few thousand words in one busy day, we had figured out a way in which we could work together, harnessing the synergy of two physician personal finance bloggers with a different focus and voice.
A few weeks later, my wife and I were off to Salt Lake City, and a partnership was formed.
How The WCI Network Works
The collaborative network has three primary components: resource sharing, content sharing, and cross-promotion.
Among the resources Dr. Dahle and I share are a common business manager who is responsible for working with our advertisers. Thank you, Cindy! We also share ideas on other aspects of blogging like social media, e-mail management, and relationships with other bloggers, including our newest addition.
In terms of content sharing, we alternate publishing each other’s classic posts that we choose to be shared with the readers of the other blog. These posts were originally published about 18 months to six years ago, and even if it was once seen before by someone who reads both blogs, it’s often good review after significant time has passed.
We’ve also collaborated on a post discussing the guilt of early retirement, and I’ve been a guest on the WCI podcast (see Episode #14). That was the first time I lent my voice to a podcast, and I’ve since opened up the floodgates, having appeared in a number of podcasts since. WCI has also participated in my Q&A series, although that happened long before the WCI Network existed.
The cross-promotion occurs in a number of different ways. We share each other’s posts on Twitter. We link to each other more often than we might have done before. A post or two of mine gets a mention in the WCI monthly newsletter, and my favorite WCI posts continue to be featured in The Sunday Best series.
Why does the White Coat Investor do this? Is it because we’re now friends and he’s just a really good guy? While I believe those are true statements, it’s also true that he is incentivized to do so. He and our business manager each own a little bit of my Physician on FIRE enterprise. And now Dr. Dahle and I each own a small slice of the newest member of the WCI Network. Who could that be?
Welcome Passive Income MD to the WCI Network!
When we first sat down last winter to finalize our vision for the WCI Network, Passive Income MD was one site we both had written down on a very short list for potential future additions to the network.
In the ensuing 8+ months, PIMD has continued to grow his readership and hone in on his vision for his own site. The focus, of course, is on growing passive income streams. He also can speak to entrepreneuership as both he and his wife have successfully engaged in side gigs as physicians. He is also part of a two-physician-income household and has achieved financial independence at an early age despite living in a high cost of living area.
In short, he brings a lot to the table, and there are aspects to his life and approach to personal finance that are different from Dr. Dahle’s and mine. His work expands and complements the body of work that currently exists in the WCI Network.
I’ve been reading the anesthesiologist’s posts pretty much since he started publishing them. The following posts have been featured here on The Sunday Best roundups:
- How I Made Half a Million Dollars During Residency and Almost Killed My Career
- Why I’m Beginning My Retirement Today… In My Thirties
- How I Went From an ER Doc to an Internet Entrepreneur (with WCI!)
- How I Bought an Out-of-State Investment Property From My Call Room
- Great Advice I’m Extremely Thankful For
- I’m Financially Independent! If I Move…
- My Personal Real Estate Crowdfunding Results (So Far)
- The List of Physician Side Hustles
- I am Financially Free From Medicine
- I Love Being a Doctor, I Just Want To Do it Less
- Why Doctors Need to Understand the Cashflow Quadrant
- How YouTube is Helping Me Change Healthcare as We Know It
These posts are just a small sampling from the good doctor. Be sure to check him out and look for full posts of his to be featured both here and on WCI in upcoming Saturday Selections.
For other takes on the news, check out the other network members’ posts:
We are excited to expand our reach, and look forward to the synergistic relationship created by this blogging collaborative known as the WCI Network.
A great big welcome to PIMD! What do you think of the new addition? Let us know in the comment box below.