The Pareto Principle can be stated many ways, but the premise is that 20% of the work will get you...
6.5 Ways to Overcome The Early Retirement Gap to Age 59.5
Everyone loves talking about FIRE, but not the inherent problem that FIRE creates – the Early Retirement Gap. What is it and how can you avoid it? Keep reading to find out.
The Tale of Two Doctors: The First Paycheck
You’ve made it to your first attending pay check. Great! Now what? Is it really that important to start investing? Surely I can enjoy the big pay bump. Let this Tale of Two Doctors answer the question “What do I do with my first paycheck”? Come join Dr. Jones and Dr. EFI as they tell their tale.
Time is money, but money can’t buy time
Please, tell me I am not the only one who thinks like this? My monetary mindset currently revolves around our biggest (current) financial goal: Paying off our student loans. I hope that some day I can truly learn that Time is Money and that money is a means to an end. It’s not an end in itself.
Lifestyle Inflation After The First Big Paycheck
This is a story familiar to us all. We watch (or anticipate watching) our paycheck jump in size after we finish training. We then make all of the lifestyle changes to accompany the big increase. This is the big dilemma. Today we will discuss a better way.
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.
My Life After FI: Lessons from Mariokart
The realization hit me the other day while reading the book A Doctor’s Guide to Eliminating Debt. At the end, the book poses a great question: “What are you retiring to?” It talks about the finish line. So, I’d like to discuss five things that I’ll do much more often when I cross my financial independence (FI) number, or life after financial independence.
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...
Attending Physicians: It’s Time to Teach Personal Finance
I got really fired up after reading a post by WCI that mentioned money as a taboo topic in medical training culture. It’s time academic attending physicians made a change, took responsibility, and stopped sucking at our jobs.
REPAYE Versus PAYE for Two-Income Couples
REPAYE or PAYE? If you are married to someone else who earns an income, this can complicate which student loan program you should use to pay back your loans. If you are both paying back loans and making an income, it gets even more complicated! This post is here to help you figure it all out.
Can I Afford the Monthly Payments? Losing The Forest for the Trees
Have you ever wondered whether you could afford a monthly payment on something? Maybe a car, house, or private school payments? I would argue that people asking this question are losing the forest for the trees. And we all do it. This post is here to remind us that there is a better way to think about money, and to tell you how to find the right mindset.
There is Hope on The Road to Burnout: Will You Join Me?
There is an ongoing battle in medicine waged in the space between each physician’s skull. This battle became very personal when I hit my own wall of burnout over the last six months. With a better perspective and new goals, I am doing my part to prevent this same burnout for our future doctors. Will you join me in this fight?