Could you stomach watching $500,000 turn into $250,000 over the course of months, or lose $100,000 in one week? A Bear Market is not the time to find out who you are in terms of your ability to withstand corrections and recessions. You need to have a plan to slay the bear market before it comes!
Jimmy Turner, MD
TPP Net Worth Update: 6 Months Out
This is my first of (at least) quarterly TPP Net Worth updates. This will help hold me accountable, help provide transparency to my readers, and hopefully provide those coming behind me some proof that financial goals can be achieved in a way to make both the head and the heart happy!
How Contagious Discipline Killed the Bear (Market)
A plan that was attempted and failed is always better than failing to plan. Right? If you don’t plan at all, you are just guaranteeing failure. Being mentally, relationally, spiritually, physically, and emotionally disciplined all have guaranteed dividends. But how does discipline kill a bear?
The Fourth Philosophy: Make Investing Exciting!
The reason that The Fourth Philosophy is so important is that it encourages us to stick to the method that we know works and to recognize that the excitement involved is in the profits we know we are likely to make over the next 10, 20, or 30 years. This is how we make investing exciting!
The Second Philosophy: The One Month Rule
We all know the feeling. You purchase something in a moment of brilliance that you have to buy. You think it’s great. Surely, this new (insert: financed car/home, expensive clothes, computer, etc) is going to make you happy. It’s the best thing since sliced bread. Then it hits…. buyer’s remorse. Let the One Month Rule help you out next time.
A new golden rule? The Doctrine of Charity
Charity is defined as “the voluntary giving of help, typically in the form of money, to those in need.” While charity via giving money is a good thing (and one we encourage!) it is not the only form of charity. Charity can be given through a variety of mechanisms to “those in need.” One way is through the Doctrine of Charity.
How To Think About Money: A Review
Follow along to see whether I recommend this book or not, outline my favorite portions, and highlight some favorite quotes.
Budgeting: Four False Assumptions
Budgeting has earned quite the bad wrap. It is often viewed negatively whereas “tracking spending” is viewed as the positive term. Today we will look into the top four false assumptions regarding budgeting, and discuss why it may be a necessary and beneficial endeavor.
What is Compassion Fatigue? An absence of Hesed?
Hesed is often translated as loving-kindness, but it also encapsulates mercy, loyalty, and even compassion. Hesed seems to be the ideal way that we should think and care about others, particularly our patients. In a world that is more jaded by the day, Hesed seems to be less and less common. What is more common now is something called Compassion Fatigue. Today we will discuss exactly what Compassion Fatigue is and ways that we may be able to combat it’s evil forces.
The Physician Philosopher Portfolio
As part of this website I plan to follow my success in increasing my net worth and gaining ground...
Should I go to medical school?
It is a common question asked by those thinking about going into the field of medicine, “Would you go into medicine again if you did it all over?” Sometimes they ask, “Would you tell your son or daughter to go into medicine?” Today we are going to look strictly at the financial aspect of this decision.
Should I Invest Pre-Tax or Roth for my 401k?
If you are reading this site, then you have likely come across other websites geared towards high income earners. The vast majority of them will tell you to invest your 401k/403b money in a traditional (pre-tax) manner. The reasons for this are many, but let me lay out the opponents argument before I tell you why I prefer a ROTH contribution to my 403B:
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