Investing Advice for Doctors: The Pareto Principle

Investing advice for doctors

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

Time is Money, but Money Can’t Buy Time

Time is Money

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.

The Tale of Two Doctors: The First Paycheck

tale of two doctors

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.

My Life After FI: Lessons from Mariokart

Life after FI

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

Financial Independence Retire Early

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

REPAYE Versus PAYE for Two-Income Couples

REPAYE or PAYE?

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.