6 Reasons The Rich Should Pay off Their Mortgage Early
Paying off a mortgage early versus investing is a long-standing debate that won't be solved any time soon. Here are six reasons high earners probably ought to lean toward paying it off.
Debt is an important part of our financial system and a useful tool, but it can also lead to financial ruin while maintaining poverty. It can be great and destructive at the same time, and it should be looked at as a double-edged sword.
Paying off a mortgage early versus investing is a long-standing debate that won't be solved any time soon. Here are six reasons high earners probably ought to lean toward paying it off.
We're trying to be debt-free, kind of. The first year of our debt pay-off scheme has seen some successes and some failures. Here's a report.
I received this question by email a few months back. I sent a very nice reply, some of which is included in the "answer" to this question. However, the more I got to thinking about this, the more I th...
Should you get rid of all your debt before you retire? Maybe not says this controversial new book. But there are risks involved.
The first goal for most doctors is to get back to a net worth of zero. It will be far easier to do that if you don't have any credit card debt and if you "go nuts" on your student loans for your first year or two out of residency.
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Really want to minimize your medical school debt? Here's how to do it—take out only as much as you need and do it as late as possible. Credit cards can help.
By Dr. Jim Dahle, WCI Founder A medical school graduate recently published an account of the financial disaster she is facing due to a failure to match into a residency program two years running. Afte...
I'm a big fan of debt-free living. Probably too big of a fan, actually. I know of at least one financial error I've made because of a general abhorrence of debt (can anyone say HPSP?) At this point in...
Should you go for forgiveness or try to refinance student loans? When should you pay off debt vs invest? Here are the 10 best ways manage your debt.
As a general rule, I recommend against residents buying a home for a number of reasons. However, there are exceptions to every general rule. More recently, I have become aware of a program that makes...
Many other high income professionals are eligible for physician mortgage loans. This loan allows less than 20% down without PMI, is issued with a contract rather than proven income, and generally ignores the student loan burden.
How much of your life energy is going toward servicing your debt obligations? Why have you set your life up that way? Doctors feel poor due to high ratios.
[Editor's Note: This article was originally published in the ACEP Young Physicians Section Newsletter a few months ago. There isn't an electronic copy of the newsletter to link to, so I've decided to...
A home is an investment, for better or worse. It has expenses, has capital gains (or losses) and pays dividends (saved rent.) Invest wisely.
I recently had an article published on The Student Doctor Network (SDN) entitled Financial Considerations For the Student Doctor. It is aimed squarely at medical students and their financial needs, b...
Medical school may not have taught you about money, but we will.
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