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.
Saving Money. How Much is Enough? The 30% Rule
What percentage of your annual income should you be putting towards your financial goals each year? If you haven’t answered this question, you probably should. The 30% Rule can help guide you.
11 SMART Financial Goals for Your New Years Resolutions
Each New Year, many of us spend some time creating New Years resolutions. If you have trouble coming up with good financial goals, here are 11 SMART financial goals worth pursuing and how to go about creating them…
Avoiding Buyers Remorse with Intentional Spending
We’ve all been there. We make a big purchase only to find out later… we regret the purchase. Buyers remorse is the real deal. Fortunately, there is a way to prevent this and spend money in a healthier and happier way.
End of Year Financial Checklist for High Earners
The end of the year can be a very busy time, which makes it easy to drop one of the many balls that are up in the air. Using this financial checklist for high income earners, your personal finances don’t have to be one of the missed items this year!
From Frugal to Fancy to Buying a Peloton
Would you believe that my wife and I bought a peloton? Are we crazy? Did we just join a cult? Come find out why I thought it was okay to go from frugal to fancy, and when you can do the same!
Why I Adopted The “Hell Yes” Policy
The time has come. I am done explaining to others why I refuse to let being a physician define me. Burnout has made me choose life.
Physician, Know Thyself: A Self-Identity Crisis
It’s easy to lose your identity to this profession. Yet, we must remember who and what we are before we have a self-identity crisis like the one Steve had when I was in medical school.
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.
Proof is in the Pudding: Live like a Resident
It’s often said, “Live like a resident during and after reisdency!” But where’s the proof that you should live like a resident after residency? Well, the proof is in the pudding. Let’s look at the ingredients to see if that math adds up.
Which Retirement Accounts Should I Use? The Order of Investing
Getting started is sometimes the most challenging part of a “set it and forget it” investing model. Which retirement accounts should you use? And, in what order? Today’s post is here to help you out.