Dr. Thomas Black

Posted on Mar 23 2018 - 8:12pm by Lance Edwards

Hi, I’m Dr. Thomas Black

I am dedicated to educating doctors and other professionals on how to use private equity investing to create multi-source income and positive cash-flows that lead to long-term growth. If you are still in stocks and mutual funds, I believe you will not achieve the financial freedom you deserve.


Now let’s consider the insight that debunks that notion: Hard-working men and women who take a job driving a truck with United Parcel Service (UPS) at the age of 18 actually have a large head start on healthcare professionals and outperform them for about 17 years.

Don’t believe him? Take a look at the chart.

Here is the salient point: While most physicians are studying and accumulating a debt of about $225,000 over an 8- to 10-year period, UPS truck drivers are earning money. Then, after health professionals enter the job market, they may earn very good money, but they must pay down their enormous debt.

On the chart, the brown line indicates income for UPS employees; it rises at about a 45-degree angle, slow, perhaps, but steady. Meanwhile, the red line shows physicians’ economic life dipping before beginning an impressive rise. Please note where the brown and red lines cross. Then trace your finger down to the bottom line on the chart that marks the years after high school: the intersection is near the 17-year post-high school mark.

But what is the green line? That projects income for a UPS driver who works as many hours per week as most physicians put in. Although theoretical, this comparison stuns: it would take doctors about 27 years to match the financial performance.

Those of us who chose a career in medicine would likely make the same choice again: we are driven to serve. But will the general public ever appreciate the hole most of us must dig out of before reaching economic parity?

tb_sand-endure-800x500A DIFFERENT VIEW

Thank you, Dr. Baum. Your blog post and chart reveal an unexpected truth that is well worth pondering. Yet your good work got me to thinking about our colleagues.

Obviously, this is not a class war issue: Truck driver vs. Healthcare pro. Who among us does not appreciate the UPS employees who deliver our prized packages daily? Their hard work is impressive. And enduring those long years of labor is no easy feat.

Even so, I must ask my fellow doctors, are you ready to shrink that 17-year climb? What if the time needed to equal UPS workers financially was only 10 years? Or 7 years? How would that impact the quality of your life?

Too many physicians burn out early and live lousy lives because they don’t take a hard look at their finances—at the beginning of their professional life. Hey, maybe the same is true of UPS drivers. Not everyone has the dedication and drive to stick with the plan.

But doctors have the potential to make an impressive annual income as soon as they enter the job market. They have more money to work with in the early stages of their career than most workers in other fields. The problem is the debt. The good money we earn must be put to work immediately to diminish our enormous debts.

But how? By adding more debt.


Let’s not talk politics. I respect your beliefs. Instead, let’s acknowledge that one presidential candidate has written a book called The Art of the Deal and claims to have “brilliantly” used tax laws to create wealth.

The truth is, multi-family real estate does not exploit tax laws but rather benefits from them when claiming depreciation of properties owned. I’ll go into these areas in my new book (available early 2017) and in future blog posts. But make no mistake: some types of real estate allow investors to take a loss (on paper) and yet still earn passive income.

What is passive income?

To earn a living, the UPS worker must arrive at the job site every day. The same is true of the physician who will only make money when arriving at a hospital, emergency room, private practice or medical group. Each hour given returns a rate of income.

Nobody automatically gets rich this way. Not doctors, attorneys and other highly paid professionals.

Passive income provides the opportunity for wealth, which is defined by expanding net worth. It arrives without giving away one hour or forty hours of life for money. Passive income is derived from the right kind of real estate investment that takes legal good use of tax laws and the economy. Everybody needs a place to live. Why not rent a dwelling to those who must have a roof over their heads? Isn’t that similar to helping people stay healthy by ministering to their physical needs? Flu, cancer, surgery, etc.


The money that is earned in any profession can be put to good use or it can stagnate in mutual funds and other paper assets. My other blog posts explain the weak performance of those investments.

Hard assets, property, will serve us all well—doctors and UPS employees alike—when we learn the laws of economics that reward those of us who understand risk and take a leap into multi-family real estate investing.


51J2kurCaPL._SX311_BO1,204,203,200_Thomas Black, MD

Even the best and brightest doctors lack a financial education. And that’s why so many high-income earners eventually face a career crisis. Now there is a remedy for medical and other veteran and aspiring professionals—and it does not require predicting or investing in the stock market. THE PASSIVE INCOME PHYSICIAN is the story of a former U.S. Navy veteran who became an emergency medicine physician only to realize his profession was causing personal harm. Thomas Black MD found a solution for his career dissatisfaction by trusting a passion for real estate investing that he’d nurtured while in residency. His transformation from ER doctor to the founder of an asset management firm with over $40 million in holdings is one part memoir, one part whistle blower—over 50 percent of America’s doctors report “burn out”—and a generous portion of financial makeover expert. You’ll learn how to rethink your plan for an abundant future. In various financial market interviews, the author has said his mission is to help other professionals get their money on track. “Real estate investing is my passion because it is also my salvation. It is not enough to be ‘rich.’ Wealth is freedom. It gives us choices and removes a lot of stress.” THE PASSIVE INCOME PHYSICIAN reveals how well-paid professionals waste money by investing in common but unreliable paper assets. The book also provides evidence-based solutions for expanding net worth. 1 | Critical Failure 2 | A Zeal for Excellence 3 | Rejecting Inexperience 4 | Flawed Thinking 5 | First House 6 | Buying in Houston 7 | Follow Your Heart 8 | What’s the Catch? 9 | Family Owned 10 | To Manage or Not To Manage 11 | No Turning Back 12 | Rolling It Over 13 | Managing Assets 14 | Class Action 15 | Mass Appeal: A Cautionary Tale 16 | Life in Storage 17 | Decreasing Risk 18 | Satisfaction: Retiring Old Ideas

Buy DR.Blacks book here

I am a Navy veteran who became an emergency medicine physician only to realize his true passion was real estate investing.

My financial awakening was gradual and coincided with the impact of enormous changes in the medical field.

tb_pullquote.5.-683x1024Sound like you?

Many doctors find themselves trapped in a system that devalues their commitment and skill despite the fact that they accepted crushing debt to be educated. To add insult to injury, after entering the medical field they were expected to accept changes in health insurance processing that resulted in declining reimbursements.

But the pain didn’t stop there. Next, powerful third parties, huge corporate entities, arrived with a solution: We’ll control the billing—no more brain drain, Doctor—if you’ll become our employee with a fixed income.

Here’s what you need to know about me: I decided to fight back.

My journey is instructive. As a middle-class kid I habitually under-achieved and had no hope of entering college. These days I am known as a family man with skills that have dramatically expanded his net worth—all while practicing medicine and raising four children with his wonderful wife.

If I can do it … why not you?

The loss of autonomy among physicians has led to serious discontent and burnout. Many of our best and brightest are merely trading time for money.

Some people might ask, But what’s wrong with that? At least you’re making a good income. Better than most.

When we lose our freedom to expand our assets, retire school loans and support our families, we are not fulfilling personal dreams. We are ciphers laboring on behalf of corporations that seek economic dominance.

My wife and I now live life on our own terms. Will you join us and take back your autonomy?

I am dedicated to educating doctors and other professionals on how to use private equity investing to create multi-source income and positive cash-flows that lead to long-term growth. If you are still in stocks and mutual funds, I believe you will not achieve the financial freedom you deserve.

Real estate investing is my passion because it is also my salvation. I could retire now. Instead, I prefer to teach my fellow professionals why their main source of income is only the beginning.

Freedom means always living well in the Black!

All the best,