How You Can Lose Your Entire Investment When Investing with Leverage (Borrowed Money)
Be careful with leverage risk. Yes, it can boost returns. But leverage works both ways. It can both magnify returns AND losses.
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.
Be careful with leverage risk. Yes, it can boost returns. But leverage works both ways. It can both magnify returns AND losses.
Staying late at work as a doctor gets framed as professionalism or thoroughness, but step back and look at it through a financial lens.
Here's all you need to know to fill out IRS Form 8283 for your Donor Advised Fund (DAF). It's not as hard as you might think.
Let's walk through the WCI principles with an international lens for all those physicians who are international medical graduates.
Answering listener questions about 529 plans, including how much to save, tax-free growth, withdrawals, Roth IRA rollovers, and what to do with an overfunded account.
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For decades, my emergency physician group has let the market decide the worth of a night shift. Recently, that's changed—and it seems unfair.
Answering listener questions about the most effective levers for catching up after a late start to retirement saving, tax-loss harvesting, and when added investment complexity may or may not be worth it.
Money can be scary, and the first time you do a financial task, it can be intimidating. Here's how you can overcome that fear.
Yes, pediatricians have disadvantages to building wealth and getting rich, but it's certainly not an impossible task to do so.
Here are the financial tasks that first-year professional students need to be doing. You probably should complete most of them.
Answering listener questions about helping children buy their first homes, calculating financial independence, and navigating the tradeoffs between one-income and two-income households.
Choosing a medical specialty is one of the most consequential financial decisions most physicians ever make. Here's how I think about it.
I enjoy continued financial education. While this is generally good, there is a zone where you know enough to be dangerous but not prudent.
Don't get trapped into thinking your money is tied up if you own a home and are paying a mortgage. There are plenty of benefits to doing so.
Here's my experience flying first class for the first time in my life. Was it worth it? Eh, I'm not entirely sure.
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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