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What you need to know: Vanguard financial advisors

lonely road

It’s the biggest mutual fund company in existence now known for their (passive management) index funds. You guessed it.  Vanguard. Yet, Vanguard is now recommending financial advisors…  Why does Vanguard recommend financial advisors?  Are they worth it? Let’s take a look.

The Ninth Philosophy: DIY Personal Finance

I often ask people, “Do you think you are dumb enough, if you put just a little time in, to make 10 million dollars worth of mistakes?”  The point I am trying to make is that, with just a little bit of do-it-your self personal finance education, you can be your own financial advisor.  Today we will discuss exactly how to go about this!

The Fifth Philosophy: How to Slay a Bear Market

Could you stomach watching $500,000 turn into $250,000 over the course of months, or lose $100,000 in one week?  A Bear Market is not the time to find out who you are in terms of your ability to withstand corrections and recessions.  You need to have a plan  to slay the bear market before it comes!

TPP Net Worth Update: 6 Months Out

This is my first of (at least) quarterly TPP Net Worth updates. This will help hold me accountable, help provide transparency to my readers, and hopefully provide those coming behind me some proof that financial goals can be achieved in a way to make both the head and the heart happy!

The Fourth Philosophy: Make Investing Exciting!

The reason that The Fourth Philosophy is so important is that it encourages us to stick to the method that we know works and to recognize that the excitement involved is in the profits we know we are likely to make over the next 10, 20, or 30 years.  This is how we make investing exciting!

The Physician Philosopher Portfolio

As part of this website I plan to follow my success in increasing my net worth and gaining ground towards becoming financially independent.  I want to be as transparent as I can to allow people to see how this can be done via a real person who is making real decisions (good and bad).  The … Read more

Should I Invest Pre-Tax or Roth for my 401k?

Should I invest pre-tax or roth for my 401K?

If you are reading this site, then you have likely come across other websites geared towards high income earners. The vast majority of them will tell you to invest your 401k/403b money in a traditional (pre-tax) manner. The reasons for this are many, but let me lay out the opponents argument before I tell you why I prefer a ROTH contribution to my 403B:

Moderately Frugal: Wealth without Wellness

retirement plans

Quite possibly, this should have been my first post.  A significant portion of this blog is going to be focused on building wealth and my personal journey to get there.  Being a philosophy major in undergrad, this begs the question:  What is the purpose of obtaining wealth?

The Physician Philosopher Manifesto: A Journey to Wealth

Philosophy

Throughout the first thirty years of my existence I did not learn a thing about personal finance from just about anyone.  Not my parents.  Not my grandparents.  Certainly not my medical school.  I had to learn it on my own, which I found to be very frustrating.  In fact, my journey started when I noticed a book (Boglehead’s Guide to Investing) sitting on my friend’s coffee table.