Getting out of the Sunk Cost Fallacy
What is Sunk Cost Fallacy? It’s when you’ve sunk so much time, capital, education, or effort into a project or business that you don’t want to change anything about it. What hampers people most in […]
Author: AlexLerma
Advice for New Dental Grads
Here’s a question I recently received in our Freedom Founders mastermind community: “What would you tell young doctors who are just coming out of school with student loan debt? Are there any things they should […]
When Are You Over-Leveraged?
I got a question on my blog when I talked about leverage – leverage of other people’s money, time, and talent. (Leverage really is the only way to true growth in life.) Now this great […]
Embrace Risk
Let’s talk about embracing your failures. Are you kidding? Who wants to talk about failure? When we fail, we feel like we aren’t up to par – like we’re less than, or not sufficient in […]
Beginning with the End in Mind
Do you have an end point for freedom? There are various freedoms, but financial freedom is the first freedom. Your financial freedom is gained by having enough passive income – generated by your investments – […]
Leveraging Partnerships
Let’s talk today about leveraging partnerships. Business partnerships can be tough, but I’m not a fan of the particular ways that we tend to think of them. A true collaborative partnership is when you have […]
Why Your Freedom Number is so Important
In Freedom Founders, we talk about a financial metric called your “Freedom Number.” This is your monthly passive cashflow, before tax, that can support your overhead lifestyle. If your investments produce enough passive cashflow to […]
Making More Money Isn’t the Answer
“I take home $300k per year from my practice. I’m in my mid-fifties, still putting some kids through school, and I never have enough extra money to invest. I’m behind the 8-ball and concerned about […]
What are Alternative Investments?
Recently someone asked me: “What do you mean when you say ‘Alternative Investments’?” It’s a great question. Often we get accustomed to our vernacular and forget that others don’t always know what we’re referring to. […]
What is Passive Income?
What is passive income? How would I define it? Passive income is money that’s earned with minimal activity and minimal ongoing management or oversight by the investor. That could be putting money in the bank […]
