Myth vs. Reality: Rethinking Common Financial and Lifestyle Assumptions as a Physician
When it comes to our financial and lifestyle choices, high earners are just as susceptible as anyone to inherited myths and misconceptions.
When it comes to our financial and lifestyle choices, high earners are just as susceptible as anyone to inherited myths and misconceptions.
There are plenty of fraudsters and scammers in this world. Here's how to protect yourself against becoming their victim.
The Trinity Study was key in determining that you can't spend 10% of your portfolio each year and expect it to last. How much can you spend?
Here's everything you need to know if you're trying to decide which S&P 500 index fund you want to invest in: SPY vs. VOO.
Die with Zero is one of the best books that WCIers can read. But the book (and some of the philosophies contained within it) has a few flaws.
Medical school may not have taught you about money, but we will.
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Get ready to take control of your financial life. You can do this, and we can help.
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An interview with our friend and financial expert Bill Bernstein for a thoughtful conversation about what it really means to “stop playing when you win the game," what it means to have "enough," and what changes to make once you have it.
There's so much hype around real estate investing that it's sometimes difficult to find the right balance. Let's talk about that today.
The age-old question of "Does money buy happiness?" has been the subject of extensive research. Let's break it down and figure out the answer.
Last January, we asked for your 2025 crystal ball predictions. Now, let's look back and see what we got right and what we got wrong.
If you're looking to take a qualified charitable distribution (QCD) at Vanguard, here are the step-by-step instructions for how to do so.
Enroll in WCI Financial Boot Camp, a FREE 12-week email course to improve your financial life.
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Rental properties offer cash flow, appreciation, and powerful tax benefits. Here's how a cost segregation study can save you a ton in taxes.
Answering listener questions about vesting rules, upcoming changes to HSA plans in 2026, and whether it makes sense to exchange a mutual fund for its ETF counterpart.
Your ability to earn an income is your most valuable financial asset. Losing it, even for a short time, can derail everything you’ve built.
Two days after we bought our rental property, one of our tenants was arrested on drug and firearms charges. It became quite a mess.
What are some of the ways in which we can trade money for time so we can improve our lives? Here are 30 suggestions.
After much thought, our portfolio is changing this year from one reasonable portfolio to another. We'll see how it goes. Update in a decade.
Here are 8 steps to automate your financial life and help you reach your goals of financial freedom.
Rich people don't "manage" debt. They eliminate it. Not stupidly, but reasonably and consistently. It's a behavioral thing, not a math thing.
Disability insurance is crucial insurance for the vast majority of physicians to secure. Buy it right the first time, and you may never have to do it again.
The Roth IRA is a great start for building your nest egg. There's no better vehicle for investing, tax reduction, asset protection, and estate planning.
Medical school may not have taught you about money, but we will.
We will never sell your information. Modify your preferences or unsubscribe at any time.
Get ready to take control of your financial life. You can do this, and we can help.
We won't sell your information. Modify your preferences or unsubscribe at any time.
Peer to Peer Lending (P2PL) is a relatively new asset class I've been investing in for a few years with good success. The risks are high, but the low correlation with the rest of your portfolio coupled with the high returns make it worth looking into.
People often tell you that you'll be super happy once you're financially independent. They might not know what they're talking about.
New residents have a big desire to buy a house. But it's a gamble of your time and money at a period of life when you have little of either.
Don’t make these seven common mistakes that cause doctors to fall short in reaching financial success.
In broad strokes, asset protection includes tax saving, estate planning, and even investment strategies, and it will help preserve your nest egg in case of a malpractice suit. See Posts
Estate planning is the process to ensure that your assets go where you want after your death, that your desires are carried out after you can no longer make decisions, and that the estate taxes you pay to the government are minimal. See Posts
Whether it's life, disability, auto, home, or malpractice, high-income professionals need insurance to make sure life's biggest costs don't substantially hurt their nest egg. See Posts
There are so many ways to invest successfully that the most important thing is to just pick something reasonable and stick with it. But it's key to know which approach to take and why you're picking that option. See Posts
Beginning your financial journey and learning about personal finance can seem awfully overwhelming. But instead of trying to solve the entire puzzle at once, it'll be easier (for your mind and for your psyche) to break it down into sections that are more easily digestible. See Posts
Ownership matters, whether it's owning profitable companies, owning your own home, or owning your job. Most of the time, medicine is better—for the docs and for the patients—when docs own their jobs. See Posts
A full, happy, comfortable retirement is where so many WCIers have been aiming since they began working. The main questions: what's the best way to get there, and once you arrive, how do you begin to live and fund your new life? See Posts
While it's entirely possible to finish an undergraduate education debt-free, it's become less likely that physicians and other high-income professionals can do the same. That's why it's so important to know how to manage student loans and the programs that provide student loan forgiveness—especially in a political world that constantly makes changes to them. See Posts
Recent studies show that more than 50% of physicians have experienced burnout, marking a notable increase in the past decade. This trend is alarming and shows why the intersection of burnout and how high earners can keep themselves healthy has never been more pertinent. See Posts