How I used the 10% Rule to Increase Our Net Worth $250K in 1 Year

Net Worth

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.

Practical Investing Advice: The Pareto Principle

The Pareto Principle

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

Paying Off Your Debt Or Investing: The Next Move

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

Flash FIRE warning: When FIRE Chasers Become FIRE Fighters

Camp Fire

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

Introducing The Monthly Checkout

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. 

2nd Quarterly Net Worth Update

getting paid

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.

6.5 Ways to Overcome The Early Retirement Gap to Age 59.5

Statue of Liberty Retirement

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. 

How to access 401K early (before 59.5 & avoid 10% penalty)

mountains and valleys

He was planning to retire early at age 40 and didn’t want to have to deal with the tax implications of getting money out of a 401K/403B prior to age 59.5 years old (10% penalty!). Let’s discuss the options on how to access 401K before age 59 for those considering early retirement, and how to avoid the 10% penalty.