MONEYFITMD PODCAST
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MONEYFITMD PODCAST
Episode 40: Minimum viable expenses
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Minimum viable expenses are the bills we must pay in order to survive. Without going into extremes, these are the mandatory expenses to every human being living in the society on Earth.
As physicians, we desire multiple streams of income so as to have financial freedom and practice medicine on our own terms.
When we want to venture into creating these streams of income, there's likely going to be a cut in the number of hours you will be putting in and consequently a cut on your paycheck.
It’s easy to get worked up over the unknowns, and the nagging question that'll be knocking around in your brain will probably be along the lines of, “But how am I going to pay for everything in my life?”
But where is the money going to come from, and how are you going to make it happen? These are the tougher questions, and ones we consistently hear inside that this episode will address.
In this episode you will learn:
- How to look at the numbers to find out your minimum Viable expenses.
- How to leverage the Minimum viable expense to plan for your investments and/or open your business
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