Today’s post strikes deep into the heart of the message on this site. Some people attack doctors who plan to achieve early financial independence and retire early. In fact, I’ve seen some people say that its wrong for doctors to retire early. Them is fighting words to me. Agree? Disagree? Come find out.
If we ignore the desires of our heart and deny our ability to enjoy anything, this places us in an uncomfortable disposition towards discontent. Likewise, if we ignore the head we are destined towards financial ruin. Let The 10% Rule make both your head and your heart happy.
Please, tell me I am not the only one who thinks like this? My monetary mindset currently revolves around our biggest (current) financial goal: Paying off our student loans. I hope that some day I can truly learn that Time is Money and that money is a means to an end. It’s not an end in itself.
You’ve made it to your first attending pay check. Great! Now what? Is it really that important to start investing? Surely I can enjoy the big pay bump. Let this Tale of Two Doctors answer the question “What do I do with my first paycheck”? Come join Dr. Jones and Dr. EFI as they tell their tale.
We’ve all been there. We make a big purchase only to find out later… we regret the purchase. Buyers remorse is the real deal. Fortunately, there is a way to prevent this and spend money in a healthier and happier way.
The end of the year can be a very busy time, which makes it easy to drop one of the many balls that are up in the air. Using this financial checklist for high income earners, your personal finances don’t have to be one of the missed items this year!
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.
Many doctors have asked me how to start their own business. Whether it is a blog, podcast, book, course, or a new consulting business… having a physician side gig can prove powerful in providing you the financial freedom you deserve. Click here for some tips on how to get started.
The following is a review of this course, which is called Fire Your Financial Advisor. The review is long, but this course includes over 6 hours worth of video and presentation information all-in-all. Want to sneak a peek? Read more to find out.
We all know the story. The happy and forward looking medical student entering their first year, and the end result of the burned out and depressed doctor at the end. The road to hell is paved with good intentions. How did we get here? This is why I write.
We all remember starting our first new job. While drowning in transition, financial topics often get placed on the back burner. Here are 10 financial tips for new attending physicians to guide the way.
Saving money is tough. Saving money during residency might be tougher. But is also might be more important. Join along as we discuss the importance (and benefits) behind investing during residency.