Weekly Rounds: Issue #009

Week of 6/29/2025

Author

Wealth Rounds
June 29, 2025 • Estimated Reading Time: 4 minutes

As physicians, our financial journeys deserve the same precision we bring to medicine. 💼 This week, we're examining key milestones on your path to financial independence, exploring passive income opportunities, and dissecting practice ownership considerations. Whether you're launching your practice or optimizing your 401(k), these insights will help you diagnose your financial health and prescribe effective solutions. Remember, wealth-building is a marathon, not a sprint. 📊

👨‍⚕️ Passive Income for Doctors: 7 Ideas Beyond Patient Hours

Source: Debt-Free Doctor
Published: June 23, 2025

Medical professionals can diversify earnings through seven passive income streams beyond clinical hours. These opportunities allow doctors to leverage expertise and build wealth while maintaining their practice. Exploring these alternatives helps physicians create financial stability without increasing patient workload.

🏥 How to understand the difference among potential buyers of your medical practice

Source: Medical Economics
Published: June 25, 2025

The article examines strategic transaction options for medical practices, comparing potential buyers including hospitals, private equity platforms, and other healthcare companies. Understanding the distinct motivations and approaches of each buyer type enables practice owners to make informed decisions when considering a sale or partnership arrangement.

🏥 10 Things Every Doctor Must Know When Starting Their Medical Practice

Source: InvestingDoc
Published: June 22, 2025

Establishing a medical practice is both liberating and costly. This article shares essential insights for physicians at any stage of practice development, from signing leases to managing unexpected challenges, helping doctors build sustainable, profitable healthcare businesses without unnecessary financial or operational setbacks.

👴 Average 401(k) savings rates are at record-high levels. How figures compare to popular benchmarks

Source: Personal Finance
Published: June 24, 2025

According to Vanguard, average 401(k) savings rates have reached record-high levels. This achievement marks significant progress in retirement preparedness as workers allocate more of their income toward future security. Financial experts continue to evaluate how these current contribution rates compare against recommended benchmarks for retirement adequacy.

📝 Are You Moving Toward or Away from Financial Independence?

Source: WCI
Published: June 23, 2025

Financial independence is defined by reaching a specific number, not age. To achieve this goal, focus on strategic planning and consistent progress toward your financial targets. Understanding this distinction helps ensure you're moving in the right direction toward eventual retirement security.

As we've explored strategies from optimizing 401(k)s to evaluating practice buyers, the common thread remains clear: financial independence gives us the freedom to practice medicine on our terms. Whether through strategic income planning, locum tenens flexibility, or mindful practice management, the path to financial autonomy lets us focus on what truly matters—our patients and our wellbeing. 💼