Passive Income M.D. Joins the WCI Network

[Zaphod]

MPMD wrote:

Re3iRtH wrote:

Sounds good. Probably I spend the majority of my time on the forum here, so it never bothered me.

My main point is, put out quality content and people won’t mind ads and sponsors.

Here is another interesting one:
https://www.samharris.org/blog

No ads, not on the blog or even the audio podcast. He allows one to donate through the site if they so wish. He also says on the podcast: “if you cannot afford to donate, don’t donate”.

That is just two examples of folks with different convictions, morals, minset, and business ideas.

P.S. Tim F had a blog (strictly written content) from 2007 to 2014 before he started a podcast.

P.P.S I have to confess that my experience biases me. Two of the examples I brought up happen to be the content creators I enjoy and devote my time to the most, and they happen to not have any ads on their website. Despite thier business model, I don’t think they have a money problem

Click to expand…

 

Again to take Jim’s side, Sam has a very different business model.

He has plenty of followers who simply pay him a monthly fee, has several successful books at this point, is developing an app, and has a much more lucrative speaking schedule. Sam can sell out places like the Chicago Theater when he speaks. He has almost a million twitter followers. Say that even 10,000 of them pay him $10/mo for content he’s making bank.

He is also not speaking about financial topics. One of the things I like about WCI is that without it I’d have to spend more time doing my own research or paying people to answer my $$$ questions. Sam is a public intellectual, if he wasn’t out there no one would fill that exact space.

Click to expand...

Blogs for guys like that with many books that have sold tons, its the store front for them which leads to even more book sales, gigs, etc....The whole blog is an ad. Just more subtle. They make their money in books and appearances, etc...

[MPMD]

Zaphod wrote:

MPMD wrote:

Re3iRtH wrote:

Sounds good. Probably I spend the majority of my time on the forum here, so it never bothered me.

My main point is, put out quality content and people won’t mind ads and sponsors.

Here is another interesting one:
https://www.samharris.org/blog

No ads, not on the blog or even the audio podcast. He allows one to donate through the site if they so wish. He also says on the podcast: “if you cannot afford to donate, don’t donate”.

That is just two examples of folks with different convictions, morals, minset, and business ideas.

P.S. Tim F had a blog (strictly written content) from 2007 to 2014 before he started a podcast.

P.P.S I have to confess that my experience biases me. Two of the examples I brought up happen to be the content creators I enjoy and devote my time to the most, and they happen to not have any ads on their website. Despite thier business model, I don’t think they have a money problem

Click to expand…

 

Again to take Jim’s side, Sam has a very different business model.

He has plenty of followers who simply pay him a monthly fee, has several successful books at this point, is developing an app, and has a much more lucrative speaking schedule. Sam can sell out places like the Chicago Theater when he speaks. He has almost a million twitter followers. Say that even 10,000 of them pay him $10/mo for content he’s making bank.

He is also not speaking about financial topics. One of the things I like about WCI is that without it I’d have to spend more time doing my own research or paying people to answer my $$$ questions. Sam is a public intellectual, if he wasn’t out there no one would fill that exact space.

Click to expand…

Blogs for guys like that with many books that have sold tons, its the store front for them which leads to even more book sales, gigs, etc….The whole blog is an ad. Just more subtle. They make their money in books and appearances, etc…

Click to expand...

that's definitely sam's model.

and his blog really isn't anything amazing. his podcast is very interesting but i don't think very many people are anxiously awaiting new blog posts.

he has such a niche appeal as well and has a clear ceiling on his commercial success. compare to someone like Malcolm Gladwell.

[Re3iRtH]

You're sorta proving my point for me, mate. So in this case, the person creating exponentially more value, is actually focusing exponentially less on ads and advertising. I'll let you figure out the rest ...

Like I said, for WCI the amount of value created is perfectly in line with ads on the site. What I am referring to is amateur/dull bloggers going 10 banner ads deep on a short post. I do speak my mind and tell it just how I see it, so I apologize if I any of this comes on too strong over the internets.

[Re3iRtH]

A podcast is (a smaller) part of a (larger) "blog".. as it is for WCI, Sam and Feriss. I would say that "very interesting" qualifies for amazing, but I am a glass half-full sort of guy I like experts in their field at the cutting edge that appear on his podcast. I tend to zone out on the more politically charged ones.

 

[PhysicianOnFIRE]

You asked for info on MLM. PIMD has shared some: http://passiveincomemd.com/seven-common-questions-multi-level-marketing/

 

[G]

Sorry, PoF and PIMD, I'm still left wondering about details!

This is kinda how I feel:

"How to Put in a Central Line"

1) Open up central line kit

2) Put big catheter in big vein.  Consider pros/cons of using an ultrasound.

3) Get an Xray to check for punctured lung.

[Zaphod]

PIMDs got vagueness skillz

[The White Coat Investor]

G wrote:

Sorry, PoF and PIMD, I’m still left wondering about details!

This is kinda how I feel:

“How to Put in a Central Line”

1) Open up central line kit

2) Put big catheter in big vein.  Consider pros/cons of using an ultrasound.

3) Get an Xray to check for punctured lung.

Click to expand...

I'm not sure you understand how entrepreneurship works. It's not like becoming a doctor where you go to college, major in biology, become the president of the pre-med club, go to med school, go to residency, do fellowship, and then get a job doing pediatric nephrology.

Every path is different and typically can't be reproduced.

Nobody can give you a check list saying "do this, then this, then this, then you'll be successful.

[MPMD]

G wrote:

Sorry, PoF and PIMD, I’m still left wondering about details!

This is kinda how I feel:

“How to Put in a Central Line”

1) Open up central line kit

2) Put big catheter in big vein.  Consider pros/cons of using an ultrasound.

3) Get an Xray to check for punctured lung.

Click to expand...

There are no cons of using an ultrasound. How old are you?  

Yeah I agree this leaves the reader with no useful information whatsoever. I want to hear how much time they spend, how much money they are making, and how that income is growing or shrinking. Given that his wife is a doc and she talks about fb so much I'd bet my bottom dollar that this is R+F.

Would also be nice to hear a perspective on if/how this has strained any relationships. I don't know a single person who is happy to see their facebook feeds filling up with "spontaneous" posts about R+F.

[Zaphod]

MPMD wrote:

G wrote:

Sorry, PoF and PIMD, I’m still left wondering about details!

This is kinda how I feel:

“How to Put in a Central Line”

1) Open up central line kit

2) Put big catheter in big vein.  Consider pros/cons of using an ultrasound.

3) Get an Xray to check for punctured lung.

Click to expand…

There are no cons of using an ultrasound. How old are you?  

R+F.

Click to expand...

What!? Its R+L=J. I know I have a flu brain when I see this and think who is 'F'?

[G]

The White Coat Investor wrote:

G wrote:

Sorry, PoF and PIMD, I’m still left wondering about details!

This is kinda how I feel:

“How to Put in a Central Line”

1) Open up central line kit

2) Put big catheter in big vein.  Consider pros/cons of using an ultrasound.

3) Get an Xray to check for punctured lung.

Click to expand…

I’m not sure you understand how entrepreneurship works. It’s not like becoming a doctor where you go to college, major in biology, become the president of the pre-med club, go to med school, go to residency, do fellowship, and then get a job doing pediatric nephrology.

Every path is different and typically can’t be reproduced.

Nobody can give you a check list saying “do this, then this, then this, then you’ll be successful.

Click to expand...

Nah, Jim, I got it.  I'm not looking for a recipe, just a higher level discussion/analysis on a forum with a bunch of fellow personal finance nerds; not seven paragraphs that might appear for general consumption on cnnmoney.

It's all good!

[Complete_newbie]

The White Coat Investor wrote:

G wrote:

Sorry, PoF and PIMD, I’m still left wondering about details!

This is kinda how I feel:

“How to Put in a Central Line”

1) Open up central line kit

2) Put big catheter in big vein.  Consider pros/cons of using an ultrasound.

3) Get an Xray to check for punctured lung.

Click to expand…

I’m not sure you understand how entrepreneurship works. It’s not like becoming a doctor where you go to college, major in biology, become the president of the pre-med club, go to med school, go to residency, do fellowship, and then get a job doing pediatric nephrology.

Every path is different and typically can’t be reproduced.

Nobody can give you a check list saying “do this, then this, then this, then you’ll be successful.

Click to expand...

And yet that is exactly what endears a lot of your blog readers to your blog.

I've already made my thoughts known. Can't beat a dead horse. Millhouse: stop stop its already dead!

 

[jfoxcpacfp]

Zaphod wrote:

MPMD wrote:

G wrote:

Sorry, PoF and PIMD, I’m still left wondering about details!

This is kinda how I feel:

“How to Put in a Central Line”

1) Open up central line kit

2) Put big catheter in big vein.  Consider pros/cons of using an ultrasound.

3) Get an Xray to check for punctured lung.

Click to expand…

There are no cons of using an ultrasound. How old are you?

R+F.

Click to expand…

What!? Its R+L=J. I know I have a flu brain when I see this and think who is ‘F’?

Click to expand...

I'm not a doctor, but I know what R+F is   .

[G]

jfoxcpacfp wrote:

Zaphod wrote:

MPMD wrote:

G wrote:

Sorry, PoF and PIMD, I’m still left wondering about details!

This is kinda how I feel:

“How to Put in a Central Line”

1) Open up central line kit

2) Put big catheter in big vein.  Consider pros/cons of using an ultrasound.

3) Get an Xray to check for punctured lung.

Click to expand…

There are no cons of using an ultrasound. How old are you?

R+F.

Click to expand…

What!? Its R+L=J. I know I have a flu brain when I see this and think who is ‘F’?

Click to expand…

I’m not a doctor, but I know what R+F is   .

Click to expand...

I googled it and then promptly stopped looking--I'm waiting for Disc 2 of GoT Season 7 to arrive from NFLX....

[InfoRPh]

 

Would also be nice to hear a perspective on if/how this has strained any relationships. I don’t know a single person who is happy to see their facebook feeds filling up with “spontaneous” posts about R+F.

Click to expand...

Whenever I hear of a "successful" MLM business, this is the part I'm most curious about - how relationships may have soured because of it.

 

While I've managed to suppress posts about Rodan and Fields in my FB feed because I wasn't that close to them, someone with whom I share 50% of my DNA sells Plexus, and I can't block them (there's nothing a clinical pharmacist and her EM physician husband like hearing about more is the evils of conventional medicine and a very expensive cure-all that should be used instead).  So, I've stopped looking at FB entirely instead.  Frees up a lot more time to read WCI and Bogleheads, on the upside!