Investing Advice for Doctors: The Pareto Principle
The Pareto Principle can be stated many ways, but the premise is that 20% of the work will get you...
Budgeting That You Won’t Hate: Backwards Budgeting
Let’s be real. Most of us hate budgeting. I know that I do. That said, I am a big believer that unintentional plans lead to lots of people ending up broke. What if I told you that there is a way to budget that you won’t hate, and it will accomplish all of your goals automatically? Too good to be true? Read on to find out…
10 Milestones to Financial Independence Worth Celebrating
Some things in life are worth celebrating. We know that the road to financial independence can be long, and so we must not wait to get there before we have cause for celebration. Here are ten milestones on the financial independence journey that should make you pause, take notice, and take a moment to enjoy.
Why Do Doctors Kill Themselves?
I still remember exactly where I was when suicide first touched my life. I was in my second year of residency. I was sleeping. It was 2 am two days before Christmas when I received the call from my mom. I can’t explain why, but I knew immediately. This started my journey into wondering why doctors kill themselves.
AUM versus Flat-Fee: A Financial Advisor’s Perspective
Have you ever wanted a financial advisor’s inside perspective on fee-models? Well, today is your day. If you have a financial advisor (or if you are considering one), this post is a must-read.
5 Examples of Bad Financial Advice from Dave Ramsey (for Doctors)
Many people hail Dave Ramsey as a financial guru. He is a bit of a lightning rod, though. Particularly in the physician world where he provides terrible financial advice for doctors. Don’t believe me? Here are 5 examples.
Refinancing with a Physician Home Loan
Have you considered refinancing (or purchasing) a home recently? We have, and we did refinance our home. If you’ve ever had questions about the process, click the link to read the post.
Tips for Moonlighting in Residency: Making Extra Cash
As a PGY-4 in my anesthesiology residency, I easily doubled my salary by moonlighting in...
6.5 Ways to Overcome The Early Retirement Gap to Age 59.5
Everyone loves talking about FIRE, but not the inherent problem that FIRE creates – the Early Retirement Gap. What is it and how can you avoid it? Keep reading to find out.
I am a Doctor and I Hate My Job: The Cure for Burnout
I typed in “I am a doctor and” into google, and was amazed to see the most popular ending to the question. Are you a doctor who hates their job?
The Tale of Two Doctors: The First Paycheck
You’ve made it to your first attending pay check. Great! Now what? Is it really that important to start investing? Surely I can enjoy the big pay bump. Let this Tale of Two Doctors answer the question “What do I do with my first paycheck”? Come join Dr. Jones and Dr. EFI as they tell their tale.
Time is money, but money can’t buy time
Please, tell me I am not the only one who thinks like this? My monetary mindset currently revolves around our biggest (current) financial goal: Paying off our student loans. I hope that some day I can truly learn that Time is Money and that money is a means to an end. It’s not an end in itself.