Should I Invest or Pay Off Debt? A Case Study
Ever wondered if you should pay off your debt or invest? This case study could help. And, if it doesn’t, the step-by-step guide at the end of the post definitely will. Check it out.
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How to make a $24,000 Backdoor Roth IRA Conversion In One Year!
Backdoor Roth IRA contributions and conversions can be a bit confusing. Do you know when you can contribute to an IRA? How much can you convert? Sometimes knowing the rules can work to your benefit.
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Is Being Frugal Worth it?
Making big financial decisions can be tough. Particularly during residency. Sometimes we want to take the big trip. Or buy the nicer car. Is being frugal really worth it?
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Flash FIRE warning: The Dangers of Sharing Financial Independence
Fire is a passionate and unforgiving substance. It keeps you warm, heats your meals, and provides light in the dark. When wielded carefully, it is a force to be used for good. Financial FIRE (Financial Independence Retire Early) is no different. We all remember what it was like when that FIRE lit up the dark … Read more
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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.
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The Importance of Investing Money in Residency
Saving money is tough. Saving money during residency might be tougher. But is also might be more important. Join along as we discuss the importance (and benefits) behind investing during residency.
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How Much Should I Be Saving? The 30% Rule
Feeling Financial Stress? Let the third philosophy help you out. First determine how you are waging WAR and then apply The 30% Rule. It could help you sort the whole thing out! Read more…
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How I used the 10% Rule to Increase Our Net Worth $250K in 1 Year
Today is the third installment of the quarterly net worth update, but it is actually a full year out (I wasn’t blogging during the first quarter) from training at this point. My goal for this time point was to have $100,000 in assets at this point. Two years out I planned to have a positive net worth. To find out how I did, keep reading.
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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 80% of the results. Investing advice for doctors is no different. It may seem complicated, but with a little knowledge about what falls into the 20% doctors need to know about personal finance it doesn’t … Read more
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Introducing The Monthly Checkout
In medicine, we have to handover care to the physicians coming behind us. At least, for those of us that do shift work that is true. Just like we run the list to check out on the patients we are taking care of, we will run a list of articles I think you should read. So, this will be the first of many Monthly Checkouts where I hand select articles that I really think are worth checking out to you.
