The Passive Income MD Podcast #279 How Much Passive Income Is Enough to Walk Away from Medicine?
Sep 1, 2025
Dr. Peter Kim tackles the crucial question of how much passive income is truly enough for medical professionals seeking freedom. He emphasizes the importance of distinguishing essential expenses from lifestyle desires. Listeners learn to reverse engineer their freedom number, aiming not just to quit medicine but to create a life filled with options. Discover how to assess personal financial goals and adopt strategies that align career choices with financial aspirations for a fulfilling future.
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Freedom Over Escape
- Most doctors don't actually want to quit medicine; they want the freedom to choose how they practice.
- Passive income creates options to reshape work into something sustainable and meaningful.
Define Your Why First
- Start by clarifying your why and define how you want to spend your time if you had control.
- Use that reason to guide how much passive income you actually need.
Two-Layer Income Target
- Break your target into essentials (housing, food, transport) then add lifestyle extras on top.
- Treat essentials as your peace-of-mind number and lifestyle items as a second tier goal.