How Should A Doctor Learn About Personal Finance?

how should a doctor learn about money

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

What is a Safe Withdrawal Rate? A Case Study on The 4% Rule

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.

5 Ways Money Buys Happiness (BFS #3)

Money and Happiness

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?

Investing in What Matters Most: The Best Investments

what matters most

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

5 Reasons Investing in Individual Stocks is for Losers

Should I invest in individual stocks

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.