How Loss Aversion Can Ruin Your Retirement
As doctors, our risk-averse mindset can influence how we manage our finances. And it can hurt us long-term in our retirement portfolios.
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.
As doctors, our risk-averse mindset can influence how we manage our finances. And it can hurt us long-term in our retirement portfolios.
If the first $1 million of your net worth is the hardest to reach, why does the next million dollars you add feel so much easier?
I get all kinds of questions coming from internet forums and my email inbox that are relevant to the WCI community. Let's answer some.
I don’t think I’ve ever really fit in. Perhaps moving to a foreign land and continuing to work instead of retiring will make the difference.
Here are some appropriate times to use debt to your advantage in your financial life. The trick is to know when the risks are too great.
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An interview with financial expert and author, David Bach, about one of the most powerful ideas in personal finance: making your money automatic so good habits happen without relying on willpower.
A reader recently sent me a link to an article on why you should never live like a resident. Let's do a little debunking of that idea.
Answering plenty of listener questions about cash balance plans, revocable trusts, and what your peak spending years really mean and when they happen.
Sometimes, we put too much time and worry into thinking about the financial stuff that doesn't really matter all that much.
Resident doctors usually make somewhere between $60,000-$70,000 per year. One observer says that would put them below the poverty line.
Plenty of life happened last year. Here's where I stand with my New Year's resolutions from 2025 and what I want out of 2026.
The One Big Beautiful Bill Act included a provision allowing you to deduct the interest on your auto loan. Should you now finance your car?
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Achieving my lifelong goal of going to space was worth the 40 years of work it took to get there. This is how I made it happen.
Rich people don't "manage" debt. They eliminate it. Not stupidly, but reasonably and consistently. It's a behavioral thing, not a math thing.
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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