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My Life After FI: Lessons from Mariokart

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?

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?

The Cost of Preventing Burnout

The Cost of Preventing Burnout

Burnout is costly. Yet, preventing burnout can also cost a lot of money. Would it be worth it for hospitals to chase after this goal?

4 Reasons Doctors Don’t Save Enough Money

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? 

4 Steps to Get on The Same Page With Your Spouse

4 Steps to Get on The Same Page With Your Spouse

People often email me to ask how they should get their spouse or partner on the same page financially. Believe it or not, I tell them that talking about numbers and money is unhelpful to accomplish this. Join along as we discuss the real way to have fruitful conversations about personal finance.

Is an IRS Refund On Your Tax Return A Good Thing?

Is an IRS Refund On Your Tax Return A Good Thing?

People love getting their big tax returns. It has even made news for those (for and against) the new tax bill. But is getting a tax refund a good thing? Read the post to see what I think, and how I recommend you figure it out to get it right.

Alternative Minimum Tax (AMT): Will I pay the AMT?

Alternative Minimum Tax (AMT): Will I pay the AMT?

The Alternative Minimum Tax (AMT) is an archaic tax law that was originally intended to make sure that high income earners were “paying their fair share.”  As if the tax law was not complicated enough, the tax law experts thought it necessary to not only calculate your taxes once, but twice.  The first time it is calculated through the regular methods (brackets, etc) and the second time through the AMT.  Whichever is higher is the tax you pay.  So, today we will answer the question “Will I pay the AMT”