income streams
Passive income, especially multiple streams of passive income, gives physicians financial breathing room, despite that their jobs and their income aren’t guaranteed.
Industry disruption has been happening in medicine right along with every other industry out there, and it will continue to happen. Passive income streams help protect your financial future if industry disruption causes major changes to how you earn money in your field.
Change is inevitable. Multiple streams of income help insulate you from the negative consequences of changes, whether they’re changes that you can control and are seeking out or changes that have been forced upon you.
When you’re earning enough from additional income streams to keep you afloat, you get to choose to practice medicine. I got into this field because I wanted to help people, and I get to do that, but I don’t have to do it like I did once.
I’m able to work less and spend more time with my family, and passive income from real estate has afforded me that opportunity.