Unfortunately, many of us are left to figure out personal finance all on our own. Yet, there is a better way. And it starts with figuring out the puzzle one step at a time. Here are 5 of the most important steps.
personal finance
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!
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.
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?
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...
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.
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...
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.
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.
5 Ways Money Buys Happiness (BFS #3)
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
Much of the personal finance blogosphere directed at physicians spends time discussing spending...
Do You Suffer from Someday Syndrome?
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…
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