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!
personal finance
Best Time to Buy a Car & 8 Other Steps to Get the Best Deal
I still loved driving my Chevy SS. The roar of the naturally aspirated V-8 as I churned through the gears on my manual transmission was intoxicating. Yet, the lack of practicality eventually got to me. So, I traded in my Chevy SS for a Ram 1500 and saved 25% off of the retail price in … Read more
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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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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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Adrian Peterson’s Money Problems: 5 Lessons
Adrian Peterson (AP) made news lately. And it’s not because he is breaking records. In fact, he is breaking in a completely different way. The news that “broke” is that AP is, well, broke. Despite being one of the most prolific running backs to ever play the game, Adrian Peterson’s money problems are impressive. The … 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.
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How Should A Doctor Learn About Personal Finance?
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
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How to Get Rich: Curbing Spending on the Big 5
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.
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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.
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The Most Important Thing About Investing
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.
