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
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.
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.
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…
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.
The Pareto Principle can be stated many ways, but the idea is that 20% of the work will get you 80% of the results. Physician finance is no different. It is the job of the financial industry to make things seem complicated. However, they don’t have to be, and you can certainly do all of … Read more
It’s really important to know where your advice is coming from and how the person giving you that advice gets paid. Conflicts of interest are given at the beginning of every talk for a reason. They can be powerful. For example, how someone answers the question of whether you should be investing your money or … Read more
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.
I started blogging in November 2017. So, my first quarterly net worth update was six months out (or two quarters into being an attending anesthesiologist). How am I doing now? What goals have I achieved? Grab a drink, sit down, and come find out in the 2nd Quarterly Net Worth Update.
We love talking about obtaining FIRE, but what do we do after that? What is your draw down plan? Today we will discuss one aspect of that plan, which is how to bridge the early retirement gap between when you FIRE and when you turn age 59.5.
