Have you ever thought about leaving medicine? Have you realized that the hospital won’t love you back? Tag along for today’s post as we discuss why sometimes leaving medicine isn’t the best answer.
Month: June 2019
Passive Real Estate Academy Review
Do you want to diversify your investments? Have you considered investing in real estate, but don’t want the hassle of property management? Do you want to benefit from the tax advantages of real estate? Then I’ve got an online course for you…and this is the review of that course.
The Monthly Checkout: June 2019
It’s that time of month again. Here are this month’s posts that you should checkout.
Don’t Buy Things You Can’t Afford
Despite it being a simple premise, Americans buy things that they cannot afford all of the time. Not only does this post include a link to a hilarious (yet true) video on the idea of waiting til you can afford something to buy it, but it is also filled with practical advice on how to spend less. This will then allow you to save more. Tag along as we discuss a simple, yet effective truth.
How Do Financial Advisors Get Paid? A Financial Planner’s Perspective
When someone asks “How does my financial advisor get paid” it should be a relatively easy question to answer and understand. Unfortunately, that’s not the case much of the time. Fortunately, this post will not only answer that, but provide you an awesome chart to see exactly where conflicts of interest exist in all of the most common financial advisory models!
4 Reasons Doctors Don’t Save Enough Money
Whenever I tell people outside of medicine how bad doctors are with money, they are always shocked. Almost universally they wonder why we don’t save enough money. They understand that – in order to become a doctor – you must be hard working, intelligent, and dedicated to the cause. These are the same attributes – when they are applied correctly – that result in financial success. How in the world can doctors be bad with money, then?
Teaching FIRE to Your Kids
I thought about naming this post “Children on FIRE” or “Teachings Kids to Play with FIRE”… but none of those sounded right. Since I didn’t write this post originally, which was first published over at Physician on FIRE, I decided to tame down the title…. never the less, this is a really important topic that all parents should spend some time thinking about.
What is a Safe Withdrawal Rate? A Case Study on The 4% Rule
If you have ever wondered about how much you can take out in retirement or if you will be able to withstand a down market right when you retire, this post is for you. It is a case study with graphs and charts that will help you better understand the dilemma, and whether you have “enough” to be financially independent. It is a must read.
The Most Important Thing About Investing
There is a lot that you can learn about investing, and yet even the experts don’t believe the “how to” portion is the most important thing you should learn about investing. What is it then? What is the most important determinant to your investing success? Keep reading to find out.
Social Arbitrage: Choosing Your Friends Wisely (BFS #4)
You are the average of the five people you surround yourself with. This is why you must choose your friends carefully, and take advantage of social arbitrage. This might be most important determinant in your spending habits, and your chance at financial success.
4 Ways Financial Independence Fights Burnout
Burnout has been in the news a lot lately. Maybe the big time media is finally catching on to what the rest of us have been talking about. It is now an official diagnosis, and TIME investigated how costly it is to medicine. We will explore all of that and outline 4 ways that financial independence can fight burnout.
4 Ways to Draw Lines in the Sand at Work
Over 50% of physicians will change jobs within two to five years after taking their first job. ...