physician finance

Would I Regret Leaving Medicine?

One thing I don’t do well with in life is regrets. Many physicians talk about leaving medicine. Yet, few actually pull the cord. Would you regret leaving medicine? POF tells us his thoughts in this Saturday Selection.

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!

Should I Invest or Pay Off Debt? A Case Study

Ever wondered if you should pay off your debt or invest? This case study could help. And, if it doesn’t, the step-by-step guide at the end of the post definitely will. Check it out.

My Life After FI: Lessons from Mariokart

The realization hit me the other day while reading the book A Doctor’s Guide to Eliminating Debt. At the end, the book poses a great question: “What are you retiring to?” It talks about the finish line. So, I’d like to discuss five things that I’ll do much more often when I cross my financial independence (FI) number, or life after financial independence.

Is Being Frugal Worth it?

Making big financial decisions can be tough. Particularly during residency. Sometimes we want to take the big trip. Or buy the nicer car. Is being frugal really worth it?

Flash FIRE warning: The Dangers of Sharing Financial Independence

Fire is a passionate and unforgiving substance. It keeps you warm, heats your meals, and provides...

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 Locum Tenens Saved My Life

Locums tenens is something that many doctors don’t think about, but it is a great solution to many of our problems. In this guest post, we hear about one doctors journey utilizing locums tenens to achieve life goals while being a practicing physician.

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...

How Do Financial Advisors Get Paid? A Financial Planner’s Perspective

When someone asks “How does my financial advisor get paid” it should be a relatively easy question to answer and understand. Unfortunately, that’s not the case much of the time. Fortunately, this post will not only answer that, but provide you an awesome chart to see exactly where conflicts of interest exist in all of the most common financial advisory models!

4 Reasons Doctors Don’t Save Enough Money

Whenever I tell people outside of medicine how bad doctors are with money, they are always shocked. Almost universally they wonder why we don’t save enough money. They understand that – in order to become a doctor – you must be hard working, intelligent, and dedicated to the cause. These are the same attributes – when they are applied correctly – that result in financial success. How in the world can doctors be bad with money, then?

The Two Most Important Words in Personal Finance

According to Passive Income MD, these are the two most important words in all of personal finance. And, I’ll admit that you either wield this as a force to be reckoned with our you will succumb to its will. This is the driver of most people’s financial stress, if they have it.