It is the time of year when freshly minted interns are about to be made, and graduating residents are about to become brand new attending physicians. So, I thought it might be helpful to outline how I created and then maintained my personal finance knowledge base during those times of transition. Specifically, this post is … Read more
There is one simple reason why most physicians do not get rich early in their careers – the Big 5. Learn how to get rich by avoiding the Big 5 expenses until you are at a point that you can afford them.
If you have ever wondered about how much you can take out in retirement or if you will be able to withstand a down market right when you retire, this post is for you. It is a case study with graphs and charts that will help you better understand the dilemma, and whether you have “enough” to be financially independent. It is a must read.
There is a lot that you can learn about investing, and yet even the experts don’t believe the “how to” portion is the most important thing you should learn about investing. What is it then? What is the most important determinant to your investing success? Keep reading to find out.
We all think we know what makes us happy, until we realize that studies show that humans are terrible at figuring out what makes us happy. Enter consumer regret, doubt, and adaptation to make sure our happiness is worse after we spend money than it was before. Surely, there must be a way to spend money that will make us happy. Right?
Much of the personal finance blogosphere directed at physicians spends time discussing spending money. And for good reason. Physicians have a spending problem. While I am all about educating people about their personal finance shortcomings, it is also important to find balance in life. Some things in life are worth the money, because they provide … Read more
We all suffer from Someday Syndrome in one way or another. Someday, things will be better. Someday, I’ll have this (or that). But, the truth is that we might live our entire life waiting for “someday” to come when what we needed was there in front of us the whole time…
According to Passive Income MD, these are the two most important words in all of personal finance. And, I’ll admit that you either wield this as a force to be reckoned with our you will succumb to its will. This is the driver of most people’s financial stress, if they have it.
Many people have enjoyed the successes (and more often the failures) of investing in individual stocks. If you have ever wondered if you should invest in individual stocks, this post is for you. And, if you currently do this sort of thing, I might call you a loser in this post. Read it at your own peril.
Jim Dahle over at WCI wrote an epic book only a few years ago. Yet, he felt the need to write another. What’s that all about? Come find out in this review of his new book: Financial Boot Camp.
