physician finance

Investing Advice for Doctors: The Pareto Principle

The Pareto Principle can be stated many ways, but the premise is that 20% of the work will get you...

6.5 Ways to Overcome The Early Retirement Gap to Age 59.5

Everyone loves talking about FIRE, but not the inherent problem that FIRE creates – the Early Retirement Gap. What is it and how can you avoid it? Keep reading to find out.

The Tale of Two Doctors: The First Paycheck

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.

Time is money, but money can’t buy time

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.

Saving Money. How Much is Enough? The 30% Rule

What percentage of your annual income should you be putting towards your financial goals each year? If you haven’t answered this question, you probably should. The 30% Rule can help guide you.

Avoiding Buyers Remorse with Intentional Spending

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.

End of Year Financial Checklist for High Earners

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!

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.

Health Savings Account (HSA): Everything You Need to Know

What is a Health Savings Account (HSA)? How is it diferrent than an FSA? Why does everyone talk about it? What expenses does an HSA cover? Should you use your HSA for that big procedure you just had? All that and more in today’s post.

The Road To Burnout Helped Me Find My Purpose

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.

Top 10 Financial Tips for New Attending Physicians

Many doctors ask (particularly in July) what are the top 10 tasks a physician should complete when they become an attending physician. I hope this post helps you answer that question!

“Fire Your Financial Advisor” Review

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.