Medical School & The Fastlane

[Reven09]

Hope everyone is doing well! I recently finished TMF a couple of days ago, and as cliche as it sounds, it truly changed my entire perspective on life, money, and building a business.

When I was 16, I started a lawn care business while studying for school and playing sports. I've continued that business throughout my college career and into my first year of medical school here in the US. Throughout that time, I began developing a near-obsessive fascination with financial education and business. I began my journey with books like I Will Teach You to be Rich, Ramit Sethi, Rich Dad Poor Dad, Robert Kiyosaki, Total Money Makeover, Dave Ramsey, and so on. Long story short, I completely subscribed to the doctrine of living a life of frugality, getting a great education, a great job, investing in index funds for the next 40 years and hope the stock market treats me well. Then I read TMF .

TMF introduced a path that I didn't think was in my reach-- I thought the Slowlane was the only real path. I bought Unscripted and want to continue learning and hopefully walk this new path. Now, being a medical student, I'm not sure how to make that a reality. I'm mainly looking for guidance from members of this forum to help steer me down the right path.

 

Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

[Practic]

Hope everyone is doing well! I recently finished TMF a couple of days ago, and as cliche as it sounds, it truly changed my entire perspective on life, money, and building a business.

When I was 16, I started a lawn care business while studying for school and playing sports. I've continued that business throughout my college career and into my first year of medical school here in the US. Throughout that time, I began developing a near-obsessive fascination with financial education and business. I began my journey with books like I Will Teach You to be Rich, Ramit Sethi, Rich Dad Poor Dad, Robert Kiyosaki, Total Money Makeover, Dave Ramsey, and so on. Long story short, I completely subscribed to the doctrine of living a life of frugality, getting a great education, a great job, investing in index funds for the next 40 years and hope the stock market treats me well. Then I read TMF .

TMF introduced a path that I didn't think was in my reach-- I thought the Slowlane was the only real path. I bought Unscripted and want to continue learning and hopefully walk this new path. Now, being a medical student, I'm not sure how to make that a reality. I'm mainly looking for guidance from members of this forum to help steer me down the right path.

You should understand that money come from people. People pay you for products/services that solve painful to them problems. Find people who have painful problems and help them to solve the problems.

There are many problems in medicine, for example medical errors, high costs of medical treatments, etc.
You can sell your own products/services as solutions to the problems or get income via referrals.
There are three types of referral programs. Ordinary referral programs (1st generation of RFPs) pay you fixed amounts for direct referrals. Revenue sharing programs (2nd generation of RFPs) generate a stable stream of income from sales to direct referrals.

Affiliate programs belong to this type, where referrals are made via affiliate links.

Income sharing programs (3rd generation of RFPs) generate two income streams:an active income stream from sales to direct referrals and a passive income stream from sales to indirect referrals. As you can see income sharing programs can generate income comparable or more to income from employment. This type of programs are popular among crypto and gaming industries. Also in bad economical conditions small businesses use this type of program to attract new customers and keep them loyal.