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  • #61




    I would have to imagine paying for the forum was not serious.  That won’t work for the obvious reason that no new people would join.  It only has value right now for the people currently posting and reading it.

    I agree with q-school that some forum participation or perhaps more guest posts might be a good way to “interview” for joining the WCI network, but of course I don’t really care that much.  If the content is good and relevant to me, I will look at blogs in the network.  If it isn’t, I won’t.

    Regarding complaints about PIMD’s lack of specific actionable content or endorsement of MLMs, I think it is reasonable to have bloggers in the network with diverse views.  It would serve little purpose if all blogs in the network were publishing the exact same content.   I am guessing some people think MLMs occupy the same ring of ************************ as whole life, so question why WCI would be involved in promoting them, even indirectly, but it really depends on the MLM and the product.
    Click to expand...


    So.....you think business owners should interview with anonymous forum posters to see if someone else should buy part of their site and enter into a co-marketing agreement with them? Really? Why don't you come over and choose which index fund I invest in while you're at it.

    I'm going to refer you back to the original article about the WCI network as a reminder of what the network is.

    https://www.whitecoatinvestor.com/physician-on-fire-applying-fire-principles-to-high-income-professionals/

    Here's the relevant paragraphs:

    The WCI Blog Network


    PoF and I have had regular correspondence over the last year and several times he has asked for assistance with ad management. Mostly, he would rather spend his time creating great content and interacting with his readers than hassling with ads. At one point, he even asked if he could hire my business manager to take care of his ads. However, that created way too large of a conflict of interest for her. Finally, we came up with an idea that would eliminate that conflict of interest and generate a win-win-win-win-win-win situation for everyone. Cindy and I each bought a small piece of his business.

    For me, it gives me a great investment in a business that I know well (I include stuff like this in my real estate allocation if you must know.) Some people invest in real estate because they’re good at real estate. I’m not that good at real estate. But you know what I’m good at? I’m good at websites, and I’m particularly good at websites about physician financial topics. I might know more about this business than anyone else in the world. So now when PoF makes money, I make money. Conflict of interest eliminated. I also get an additional boost for my business as his grows as they cross-fertilize the casual reader from one site to another.

    For Cindy, my business manager, it gave her ad management business another customer plus a great equity investment in a field she also knows well from her work with me the last couple of years.

    For PoF, it’s a major win. I would have loved to have had this offer given to me when I was first starting out. Not only will the WCI Empire marketing machine be fully supportive of his enterprise, but he will benefit from the experience, knowledge, and contacts of the only person in the world who has built a 7 figure website in the physician financial niche, all while maintaining full control of his own destiny.

    For readers of each site, they will get more high-quality content and inspiration to help them build more fulfilling lives, particularly with respect to finances. Sure, the hard-core WCI reader and forum participant already knows about Physician on FIRE, but for every hard-core reader, there are 100 casual readers who may not. Likewise, there are some people who read FIRE blogs who will now find their way over to our community here at WCI and hopefully find some useful pearls they can apply in their lives.

    Advertisers who have been told “Sorry, sold out” (you guys don’t want MORE banners do you?) or have been priced out at WCI, now have another option to reach you, fulfilling our mission of connecting professionals in need with the “good guys” in the financial services industry.

    The world at large benefits as these sites become more successful thanks to our charitable missions, including the WCI Scholarship and PoF’s commitment to give half of his website profit to charity. Win-win-win-win-win-win.

    At any rate, I don't plan to check in with the forum before buying other websites. But I appreciate you being willing to do the interviews! I also appreciate suggestions about which of the 35+ physician financial blogs out there you think have particularly useful content. That's obviously a consideration. The goal is to have it be a win not just for me and the others bloggers, but also the readers.
    Helping those who wear the white coat get a fair shake on Wall Street since 2011

    Comment


    • #62




      I have a feeling you didn’t even read my post. Busy I guess. I specifically said, I don’t think anyone should blog for free. Then I just see a philosophical tirade about how nothing is free in this world, if someone wants to blog for free, knock yourself out.

      I agree with you, there is a balance. So why is a higher quality blog such as WCI has less distracting ads and less ads period? That is my point. With higher quality content, people start to mind the ads less. And I don’t see a stack of 8 ads on a single page on this website.

      Mr. Feriss again, has zero banner ads on his blog. The content is of such quality and so popular, that even if he did have ads, people will continue to read the blog.

       
      Click to expand...


      Less ads? Count them up. I've got 24-32 on my homepage (and every other non-forum page of this site). PIMD has 8. That's a totally invalid criticism.

      I don't think Tim Ferriss has a blog. He has a show and a website that advertises the show. And the show has ads.

      At any rate, some sites monetize in different ways. Like Mike Piper- no ads, no affiliate deals, he just sells his books. That's what Cory Fawcett was doing for a while too, but he's now adding display ads as well.
      Helping those who wear the white coat get a fair shake on Wall Street since 2011

      Comment


      • #63







        This thread was supposed to be a welcome post for PIMD, somehow became criticize PIMD as well.  I guess that’s part of the internet exposure.  I still applaud everyone who blogs. I do not think it is as easy as it looks.  IT takes consistency, time commitment- All the replying and networking and trying to give the proper answer to be relevant and recognizable.  I do not have time to read all the blogs- more so, to write all that content.

        yes, I find this forum interesting.

         


        but a financial blog w/ tons of hits I would find it a little weird with no ads 
        Click to expand…


        investment manager that I follow ericcinnamond does not have any ads on his site.  I wonder if it is prohibited if you are in the financial industry.
        Click to expand…


        I think it speaks to the weight of WCI endorsement, and how much the members value WCI opinion.

        I hope in the future, they encourage participation in the forum before offering ‘membership’ or whatever this network is.  (as stated separately, i don’t read passive income blog or wci blog).

        if they add value to the forum, they are fully participating and adding to the collective experience.  then the addition would not be questioned.  apparently s/he’s going to moderate here, without even posting first if i recall the introductory email correctly.  i guess it makes sense as an owner or franchisee or whatever to call it.
        Click to expand...


        You know the "moderators' club" is a coalition of the willing right? Want to moderate? You know where to find me. Only takes about 3 seconds to add you as a moderator.
        Helping those who wear the white coat get a fair shake on Wall Street since 2011

        Comment


        • #64










          This thread was supposed to be a welcome post for PIMD, somehow became criticize PIMD as well.  I guess that’s part of the internet exposure.  I still applaud everyone who blogs. I do not think it is as easy as it looks.  IT takes consistency, time commitment- All the replying and networking and trying to give the proper answer to be relevant and recognizable.  I do not have time to read all the blogs- more so, to write all that content.

          yes, I find this forum interesting.

           


          but a financial blog w/ tons of hits I would find it a little weird with no ads 
          Click to expand…


          investment manager that I follow ericcinnamond does not have any ads on his site.  I wonder if it is prohibited if you are in the financial industry.
          Click to expand…


          I think it speaks to the weight of WCI endorsement, and how much the members value WCI opinion.

          I hope in the future, they encourage participation in the forum before offering ‘membership’ or whatever this network is.  (as stated separately, i don’t read passive income blog or wci blog).

          if they add value to the forum, they are fully participating and adding to the collective experience.  then the addition would not be questioned.  apparently s/he’s going to moderate here, without even posting first if i recall the introductory email correctly.  i guess it makes sense as an owner or franchisee or whatever to call it.
          Click to expand…


          You know the “moderators’ club” is a coalition of the willing right? Want to moderate? You know where to find me. Only takes about 3 seconds to add you as a moderator.
          Click to expand...


          Hop on in, @q-school - the water's fine!
          Our passion is protecting clients and others from predatory and ignorant advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

          Comment


          • #65










            This thread was supposed to be a welcome post for PIMD, somehow became criticize PIMD as well.  I guess that’s part of the internet exposure.  I still applaud everyone who blogs. I do not think it is as easy as it looks.  IT takes consistency, time commitment- All the replying and networking and trying to give the proper answer to be relevant and recognizable.  I do not have time to read all the blogs- more so, to write all that content.

            yes, I find this forum interesting.

             


            but a financial blog w/ tons of hits I would find it a little weird with no ads 
            Click to expand…


            investment manager that I follow ericcinnamond does not have any ads on his site.  I wonder if it is prohibited if you are in the financial industry.
            Click to expand…


            I think it speaks to the weight of WCI endorsement, and how much the members value WCI opinion.

            I hope in the future, they encourage participation in the forum before offering ‘membership’ or whatever this network is.  (as stated separately, i don’t read passive income blog or wci blog).

            if they add value to the forum, they are fully participating and adding to the collective experience.  then the addition would not be questioned.  apparently s/he’s going to moderate here, without even posting first if i recall the introductory email correctly.  i guess it makes sense as an owner or franchisee or whatever to call it.
            Click to expand…


            You know the “moderators’ club” is a coalition of the willing right? Want to moderate? You know where to find me. Only takes about 3 seconds to add you as a moderator.
            Click to expand...


            i think you did a great thing creating this place.  i think you are stretched thin.  for some reason, you have a slightly thin skin when it comes to criticisms, which i think are 1)well intended and 2)actually do need to be contemplated.  i think you need some time to consider which tasks you can offload.  i know that is super hard.  it may be that you have to pay someone to help you manage the empire.  there are probably plenty of people who spend twice (five times?) the time on the forum that you do, only because they like hanging out.

            i don't care about the financials of your website so i can't possibly begin to understand what goes into the decision making process.  really, with all due respect, the only part of your empire i care about is the forum.  however, if you want to take the path that most successful forums do, moderation isn't a benign small task that should be given to people like me who are 1)brand new here and 2)unknown quantities.

            you would really trust someone with the moderation responsibilities who has the ability to scare off new people, bully known posters with different philosophies, and delete and edit posts without vetting them?   that's my only concern with passive income becoming a moderator without participating at all.

            you have created something amazing here.  but it's like raising a kid.  you don't get the appreciation you deserve, and they don't always do what you want, how you want, when you want.   moderation is a thankless task.  imo, it should really be carefully considered.  i hope you can take these comments in a non critical, supportive way.

            if you are looking for suggestions, i think longevity and history of thoughtful non inflammatory posts are good place to start.  i suggest in no particular order (and i'm sorry if this appears as if i'm volunteering anyone i'm not intending to)---vagabond, hatton1, dr mom, would be good places to start.  they don't ever post reactively or with a thin skin.  they are always polite and helpful.  they are here a lot.

            jmo, as always.

            lastly i don't read chinese. 

            Comment


            • #66


              lastly i don’t read chinese.
              Click to expand...


              Just got it taken care of (i think!)
              Our passion is protecting clients and others from predatory and ignorant advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

              Comment


              • #67







                I would have to imagine paying for the forum was not serious.  That won’t work for the obvious reason that no new people would join.  It only has value right now for the people currently posting and reading it.

                I agree with q-school that some forum participation or perhaps more guest posts might be a good way to “interview” for joining the WCI network, but of course I don’t really care that much.  If the content is good and relevant to me, I will look at blogs in the network.  If it isn’t, I won’t.

                Regarding complaints about PIMD’s lack of specific actionable content or endorsement of MLMs, I think it is reasonable to have bloggers in the network with diverse views.  It would serve little purpose if all blogs in the network were publishing the exact same content.   I am guessing some people think MLMs occupy the same ring of ************************ as whole life, so question why WCI would be involved in promoting them, even indirectly, but it really depends on the MLM and the product.
                Click to expand…


                So…..you think business owners should interview with anonymous forum posters to see if someone else should buy part of their site and enter into a co-marketing agreement with them? Really? Why don’t you come over and choose which index fund I invest in while you’re at it. ????

                I’m going to refer you back to the original article about the WCI network as a reminder of what the network is.

                https://www.whitecoatinvestor.com/physician-on-fire-applying-fire-principles-to-high-income-professionals/

                Here’s the relevant paragraphs:

                The WCI Blog Network


                PoF and I have had regular correspondence over the last year and several times he has asked for assistance with ad management. Mostly, he would rather spend his time creating great content and interacting with his readers than hassling with ads. At one point, he even asked if he could hire my business manager to take care of his ads. However, that created way too large of a conflict of interest for her. Finally, we came up with an idea that would eliminate that conflict of interest and generate a win-win-win-win-win-win situation for everyone. Cindy and I each bought a small piece of his business.

                For me, it gives me a great investment in a business that I know well (I include stuff like this in my real estate allocation if you must know.) Some people invest in real estate because they’re good at real estate. I’m not that good at real estate. But you know what I’m good at? I’m good at websites, and I’m particularly good at websites about physician financial topics. I might know more about this business than anyone else in the world. So now when PoF makes money, I make money. Conflict of interest eliminated. I also get an additional boost for my business as his grows as they cross-fertilize the casual reader from one site to another.

                For Cindy, my business manager, it gave her ad management business another customer plus a great equity investment in a field she also knows well from her work with me the last couple of years.

                For PoF, it’s a major win. I would have loved to have had this offer given to me when I was first starting out. Not only will the WCI Empire marketing machine be fully supportive of his enterprise, but he will benefit from the experience, knowledge, and contacts of the only person in the world who has built a 7 figure website in the physician financial niche, all while maintaining full control of his own destiny.

                For readers of each site, they will get more high-quality content and inspiration to help them build more fulfilling lives, particularly with respect to finances. Sure, the hard-core WCI reader and forum participant already knows about Physician on FIRE, but for every hard-core reader, there are 100 casual readers who may not. Likewise, there are some people who read FIRE blogs who will now find their way over to our community here at WCI and hopefully find some useful pearls they can apply in their lives.

                Advertisers who have been told “Sorry, sold out” (you guys don’t want MORE banners do you?) or have been priced out at WCI, now have another option to reach you, fulfilling our mission of connecting professionals in need with the “good guys” in the financial services industry.

                The world at large benefits as these sites become more successful thanks to our charitable missions, including the WCI Scholarship and PoF’s commitment to give half of his website profit to charity. Win-win-win-win-win-win.

                At any rate, I don’t plan to check in with the forum before buying other websites. But I appreciate you being willing to do the interviews! I also appreciate suggestions about which of the 35+ physician financial blogs out there you think have particularly useful content. That’s obviously a consideration. The goal is to have it be a win not just for me and the others bloggers, but also the readers.
                Click to expand...


                Haha, I wasn’t suggesting you actually have the forum interview the person.  I was suggesting forum participation or a guest post could be useful as a part of your evaluation of adding the person / blog to the network.  The forum / blog commenters wouldn’t know the person was a candidate for the network.

                I’d be happy to choose your index funds.  Simplify and go with the Boglehead three fund portfolio and call it a day.  That’ll be 1% of your assets.  I only accept bitcoin

                Comment


                • #68













                  This thread was supposed to be a welcome post for PIMD, somehow became criticize PIMD as well.  I guess that’s part of the internet exposure.  I still applaud everyone who blogs. I do not think it is as easy as it looks.  IT takes consistency, time commitment- All the replying and networking and trying to give the proper answer to be relevant and recognizable.  I do not have time to read all the blogs- more so, to write all that content.

                  yes, I find this forum interesting.

                   


                  but a financial blog w/ tons of hits I would find it a little weird with no ads 
                  Click to expand…


                  investment manager that I follow ericcinnamond does not have any ads on his site.  I wonder if it is prohibited if you are in the financial industry.
                  Click to expand…


                  I think it speaks to the weight of WCI endorsement, and how much the members value WCI opinion.

                  I hope in the future, they encourage participation in the forum before offering ‘membership’ or whatever this network is.  (as stated separately, i don’t read passive income blog or wci blog).

                  if they add value to the forum, they are fully participating and adding to the collective experience.  then the addition would not be questioned.  apparently s/he’s going to moderate here, without even posting first if i recall the introductory email correctly.  i guess it makes sense as an owner or franchisee or whatever to call it.
                  Click to expand…


                  You know the “moderators’ club” is a coalition of the willing right? Want to moderate? You know where to find me. Only takes about 3 seconds to add you as a moderator.
                  Click to expand…


                  i think you did a great thing creating this place.  i think you are stretched thin.  for some reason, you have a slightly thin skin when it comes to criticisms, which i think are 1)well intended and 2)actually do need to be contemplated.  i think you need some time to consider which tasks you can offload.  i know that is super hard.  it may be that you have to pay someone to help you manage the empire.  there are probably plenty of people who spend twice (five times?) the time on the forum that you do, only because they like hanging out.

                  i don’t care about the financials of your website so i can’t possibly begin to understand what goes into the decision making process.  really, with all due respect, the only part of your empire i care about is the forum.  however, if you want to take the path that most successful forums do, moderation isn’t a benign small task that should be given to people like me who are 1)brand new here and 2)unknown quantities.

                  you would really trust someone with the moderation responsibilities who has the ability to scare off new people, bully known posters with different philosophies, and delete and edit posts without vetting them?   that’s my only concern with passive income becoming a moderator without participating at all.

                  you have created something amazing here.  but it’s like raising a kid.  you don’t get the appreciation you deserve, and they don’t always do what you want, how you want, when you want.   moderation is a thankless task.  imo, it should really be carefully considered.  i hope you can take these comments in a non critical, supportive way.

                  if you are looking for suggestions, i think longevity and history of thoughtful non inflammatory posts are good place to start.  i suggest in no particular order (and i’m sorry if this appears as if i’m volunteering anyone i’m not intending to)—vagabond, hatton1, dr mom, would be good places to start.  they don’t ever post reactively or with a thin skin.  they are always polite and helpful.  they are here a lot.

                  jmo, as always.

                  lastly i don’t read chinese.  ????
                  Click to expand...


                  Great post, and I agree with almost all of it, except having me as a moderator. I am already on a final warning (I think), myself.

                  I suspect that the forum costs WCI more time and certainly more aggravation than any other aspect of the “empire”, with the possible exception of the brief dust up after the scholarship announcement. If you monetized the time WCI spent working the forum, it would be multiples, if not orders of magnitude, greater than the dollars-and-cents cost. Talk about loss leaders!

                  That said, IMO, nothing is more valuable for building the brand and culture of the WCI empire, getting unpaid minions to help others with financial questions and serving as a breeding ground for future blog topics and financial solutions. And the sponsors love it, too!

                  Comment


                  • #69


                    Great post, and I agree with almost all of it, except having me as a moderator. ???? I am already on a final warning (I think), myself. ????
                    Click to expand...


                    No you would be a good moderator.  What final warning are you on?

                    Comment


                    • #70




                      I suspect that the forum costs WCI more time and certainly more aggravation than any other aspect of the “empire”, with the possible exception of the brief dust up after the scholarship announcement. If you monetized the time WCI spent working the forum, it would be multiples, if not orders of magnitude, greater than the dollars-and-cents cost. Talk about loss leaders!
                      Click to expand...


                      I think one thing you guys might be overlooking is the search value of the forum. As WCI remarked in the very beginning of the forum's existence, we had created (I forget how many) multiple pages of search value (perhaps someone knows the technical terminology?) for his brand on the internet that didn't require any extra work on his part. This forum is actually a goldmine. The risk of starting a forum is that you'll throw a party and nobody will show up. You must have a lot of engaged people willing to post before you can actually make a forum work - this is the reason I don't think PoF is close to ready for one. The growth of newsletter subscribers and blog respondents had to be high before the forum could be test-marketed.

                      respectfully,

                      unpaid minion 
                      Our passion is protecting clients and others from predatory and ignorant advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

                      Comment


                      • #71





                        Great post, and I agree with almost all of it, except having me as a moderator. ???? I am already on a final warning (I think), myself. ????
                        Click to expand…


                        No you would be a good moderator.  What final warning are you on?
                        Click to expand...


                        I agree. I think Vagabond MD got up on the wrong side of the bed one day and got zapped, but I remember only one. That means he has four more lives.
                        Our passion is protecting clients and others from predatory and ignorant advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

                        Comment


                        • #72
                          So 5 warnings and one is out?

                          Comment


                          • #73




                            So 5 warnings and one is out?
                            Click to expand...


                            Yes, see Forum Policies and FAQs #6 under What are the forum policies?
                            Our passion is protecting clients and others from predatory and ignorant advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

                            Comment


                            • #74



                              I suspect that the forum costs WCI more time and certainly more aggravation than any other aspect of the “empire”, with the possible exception of the brief dust up after the scholarship announcement. If you monetized the time WCI spent working the forum, it would be multiples, if not orders of magnitude, greater than the dollars-and-cents cost. Talk about loss leaders!

                              That said, IMO, nothing is more valuable for building the brand and culture of the WCI empire, getting unpaid minions to help others with financial questions and serving as a breeding ground for future blog topics and financial solutions. And the sponsors love it, too!

                              Click to expand...


                              I can almost guarantee that's the case. I have two websites that would absolutely benefit financially from a forum, but I refuse to do it.  I know that whatever benefit it gave would be outweighed by stress and time, at least until I could find a moderator I could trust to do it for free.

                              It's so darn attractive, but I just can't see myself doing it when the sites are completely hands off and still make money.  My hat's off to any well-run forum. It's hard work.
                              I should have been a pair of ragged claws. Scuttling across the floors of silent seas.

                              Comment


                              • #75





                                Great post, and I agree with almost all of it, except having me as a moderator. ???? I am already on a final warning (I think), myself. ???? 
                                Click to expand…


                                No you would be a good moderator.  What final warning are you on?
                                Click to expand...


                                Double. Secret. Probation.

                                Actually, I have two warnings. The rules here are a bit strict for my sensibilities. I can abide by them, but I am not interested in enforcing them, nor am I interested in picking up additional unpaid work. I have been a volunteer forum moderator elsewhere in the past, and I did not enjoy it.

                                Comment

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