Financial freedom means different things to different people, but to me, it’s when you can quit your day job and be able to cover your expenses with other sources of income.
I believe all physicians can attain financial freedom, but some encounter obstacles that delay them from reaching that point and sometimes keep them from ever getting there.Here are some examples.
I believe mindset is the most important aspect of trying to reach financial freedom. It all starts here and helps keep you on the right path throughout your journey. However, having the wrong mindset can easily keep you from achieving your goals.
Now, I don’t believe that all debt is bad. Debt that helps you create more income or wealth is good debt, but bad debt is the kind that continually eats away at your net worth and ability to create wealth.
I don’t believe there’s anything wrong with wanting nice things and living “the good life.” I think that if you can delay gratification for a bit, you can sustain that lifestyle with your investments and passive income ventures.