The Gone Fishin’ Portfolio – Unveiled!
Last time I reviewed a great book, published originally in 2008, called The Gone Fishin' Portfolio by Alexander Green. In this post, I review his proposed portfolio. The Gone Fishin' Portfolio is a f...
Last time I reviewed a great book, published originally in 2008, called The Gone Fishin' Portfolio by Alexander Green. In this post, I review his proposed portfolio. The Gone Fishin' Portfolio is a f...
A review of the investing book by Alexander Green entitled - The Gone Fishin' Portfolio - Get wise, get wealthy, and get on with your life
I'm pretty hard on financial advisors on this site. That's because most of them are sharks, or at best, uneducated salesmen. My best estimate is that you shouldn't take advice from 90-95% of those m...
By Dr. James M. Dahle, WCI Founder I read a fantastic little book the other day called Living Trusts for Everyone. It is subtitled "Why a Will is Not the Way to Avoid Probate, Protect Heirs, and Settl...
Financial conflicts of interest are omnipresent, especially when it comes to financial advice. There are a number of finance-related tasks that need to be done to manage your finances, and there are...
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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A review of the book Incorporate and Grow Rich. In short, too much fluff and too much information, but still a great first book on the subject.
If you have prior military service, and want to be a Navy doctor, check out the health services collegiate program (HSCP), a solid alternative to the HPSP.
By Dr. James M. Dahle, WCI Founder It is rare that I check out a book at the library and then end up wishing I'd bought it so I could keep a copy for future reference. Such is the case with The Truth...
As a general rule, annuities are an inferior investment vehicle. You ought to have a really good reason before you purchase one (and the usual one used to market these to physicians, tax avoidance, i...
All right, I'm biased. I'll admit it. I think doctors, especially me, should make a gazillion dollars. Now that we have that disclosure out of the way, I'd like to explore five reasons why we (as a...
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My general advice is to not buy "consumer insurance" like warranties on appliances. The mantra is that you should insure against financial catastrophe, and self-insure against the rest. I spend lots...
Variable annuities (VA) are an insurance product that is best described as a mutual fund wrapped in an insurance wrapper and covered with fees.
There are lots of financial benefits of being a doctor in the military. Very few of them are easy to understand, however. Unlike in the Vietnam era, our citizens and politicians are currently very k...
By Dr. James M. Dahle, WCI Founder In my last post, I talked about how excited I was about C Corporations after learning some more about them in a book. Then reality set in. The more I read, the more...
I was recently reading Incorporate and Grow Rich, a book which I'll review in a separate post. The more I read the more excited I got about C corporations and their benefits. Then I started realizin...
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