My path to financial independence took about 10 years from the time I was broke, but if I hadn’t saved the majority of what I earned in that time, it would have taken much longer.
The tanking of the stock market early in my career and the steady rise for more than a decade after also played in integral role in my accelerated path.
Today’s story, looks at utilizing an additional asset class to perhaps truncate your time to financial independence if you don’t happen to have great timing with stock market returns like I did.
Financial Independence or (FI) allows one to either use investment drawdown or cash flow to cover one’s daily living expenses. These basic expenses include housing, food, transportation, taxes, clothing, etc.
In my opinion, a more efficient hybrid approach for many high-income physicians would be to combine the traditional investing model with passive real estate syndications as a limited partner.
When combining traditional stock or equities investing with a portion of disposable income into syndication deals, it allows one to cut the time frame to financial independence based on those returns.