I often talk about how one of the ways to start practicing medicine because you want to and not because you have to it by reaching financial independence. In today’s guest post, Physicians on FIRE explains how this idea also prepared their for the pandemic in ways they never could have imagined.
Jimmy Turner, MD
How to avoid costly financial mistakes and ultimately go through life with less weight on your shoulders after residency. Here is some of the best advice I can give any resident.
In an effort to avoid the “Dad bod,” I decided to lose some weight. Read how the Physician on Fire lost 10 pounds in 24 days and what that has to do with personal finance.
Impatience is a disease that keeps high-income professionals stressed about finances and running on the treadmill to keep up with their lifestyle. Show some patience and you’ll have all the stuff you desire including financial independence.
Investing in your 401K/403B is a straight-forward decision, even if you are loaded up with debt. A much more complicated question to answer is whether you should contribute to your company’s deferred compensation 457 plan. Today’s post will answer the question, “Should I invest in my 457?” The What, when, and why.
Virtual assistants are a fantastic way to reduce your workload while simultaneously growing your practice or business. Learn exactly how an assistant can reduce your stress and increase efficiency.
Should you follow Dave Ramsey’s recommended asset allocation for your portfolio? Come read how the WCI thinks you should decipher if this is right for physicians.
A recent area in physician personal finance that has the same dilemma, which requires the Trust, But Verify method is PSLF (Public Service Loan Forgiveness). People often ask, “Can I trust PSLF?” My answer? Have a back-up plan.
And trust, but verify. Let’s dig in.
It’s often said, “Live like a resident during and after reisdency!” But where’s the proof that you should live like a resident after residency? Well, the proof is in the pudding. Let’s look at the ingredients to see if that math adds up.
Much like fashion, the trends we see year to year in real estate also experience change. With the whirlwind of 2020, there are some exciting opportunities ahead for investors. Join us as Passive Income MD outlines where he sees the trends heading in 2021.
Today’s post strikes deep into the heart of the message on this site. Some people attack doctors who plan to achieve early financial independence and retire early. In fact, I’ve seen some people say that its wrong for doctors to retire early. Them is fighting words to me. Agree? Disagree? Come find out.
If we ignore the desires of our heart and deny our ability to enjoy anything, this places us in an uncomfortable disposition towards discontent. Likewise, if we ignore the head we are destined towards financial ruin. Let The 10% Rule make both your head and your heart happy.