Stop Chasing Performance!
Performance chasing is when you invest your money into whatever has done best recently. Here's why that's not a good way to invest.
Performance chasing is when you invest your money into whatever has done best recently. Here's why that's not a good way to invest.
Their crystal balls might be cloudy, but that hasn't stopped several WCIers and analysts from making their financial predictions for 2026.
Every medical professional needs a hobby. And what you choose may have an outsized influence on your health and the state of your finances.
Personal finance comes with two manuals: a comprehensive manual and the one-page "quick-start guide." This is the quick-start guide.
An interview and debate with Dr. Tod Stilson about working on a 1099 vs. being a W-2 employee. It’s a friendly, engaging conversation with plenty of debate, and listeners on both sides of the issue will find something to appreciate, and maybe even reconsider.
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.
We won't sell your information. Modify your preferences or unsubscribe at any time.
If your house is too cluttered, it's probably time to do something about it. Decluttering will save you time; space; and, yes, money.
Sometimes, people zag when the WCI community zigs, so let me reflect on the ways in which I have acted Against WCI Advice (AWA).
One-quarter of doctors in their 60s are not even millionaires. That is a huge failure. Here's how to prevent that from happening to you.
What's a physician's best strategy for buying life insurance? It's easy if you avoid common sales tactics and know exactly what you want.
In 2024, only 45% of applicants got accepted into at least one MD program in the US. Could med school admissions consulting be worth it?
Enroll in WCI Financial Boot Camp, a FREE 12-week email course to improve your financial life.
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Give some money to charity this year. When done well, it will do you and others good. Here's how else to think about giving.
Answering listener questions about how TSP Roth in-plan conversions work, what to consider when converting a traditional IRA to a Roth IRA, and whether having too much in a 529 is really a problem at all.
Financial planning can get complex. But does that mean fees should rise as your wealth grows—even if your level of complexity stays the same?
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.
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