20 Point Financial Checklist for Doctors
Have you ever wanted a financial checklist to make sure you are starting off on the right foot? Well, this guest post written by a fee-only financial planner should point you in the right direction!
goals
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.
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How to make a $24,000 Backdoor Roth IRA Conversion In One Year!
Backdoor Roth IRA contributions and conversions can be a bit confusing. Do you know when you can contribute to an IRA? How much can you convert? Sometimes knowing the rules can work to your benefit.
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Financial Mistakes For the Financially Literate
I’ve never pretended to be perfect, which is why I think it’s the right thing to do to air out some of the financial mistakes I still make today. Some are more recent than others, but the theme is the same. I struggle with financial discipline and decisions just as much as you. Read on to hear about some of my dirty financial laundry.
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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.
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Why I Don’t Focus on FIRE (Financial Independence Retire Early)
A therapeutic index is a marker of a drug’s safety profile. The narrower the therapeutic index the harder it is for a drug to have its intended effect without having a serious consequence. For example, Warfarin – an anti-coagulant used for atrial fibrillation – has a very narrow therapeutic index. Not enough warfarin, and it … Read more
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Consumer Addiction and 5 ways to Beat It
We’ve all experienced the high of buying something meant to make us happy, and the lows of consumer regret that we often experience after the fact. What is consumer addiction? And how can we beat it?
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Comparison is the Thief of Joy
Teddy Roosevelt famously said that “Comparison is the thief of joy.” I’d argue that it not only steals your joy, it can steal your wealth, too. And cause burnout.
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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 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
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5 Ways to Use Extra Cash Flow
One of the biggest steps towards true financial freedom is paying down debt. Yet, when you get there you might feel like a deer caught in the headlights. What will you do with the extra cash flow? Spend it? Save it? I’ll tell you this, if you don’t think about it, you won’t do the right thing.
