The Sunk Cost Fallacy
None of us can be the hypothetical Homo Economicus who makes only rational decisions. Instead, we must contend with sunk cost fallacy. Here's all you need to know about it.
None of us can be the hypothetical Homo Economicus who makes only rational decisions. Instead, we must contend with sunk cost fallacy. Here's all you need to know about it.
Interview with entrepreneur Jaspreet Singh. Answering questions about his family's wish for him to become a doctor, how he found his passion, and why you shouldn't flash your paycheck on social media.
Thanks to the online world, there's never been a better time to become financially literate. Here's a guide on how to navigate social media.
Does it make financial sense for you to do a fellowship? Maybe not. But don't let that dissuade you. Here's what to consider about a medical fellowship.
Soon after we got married, we met with a financial advisor who laid out a path we first thought was acceptable. Now, we know it wasn't. Here's what we did about it.
In 2020, a commenter suggested we write a post about the things WCI gets wrong. We've now found someone qualified to write that very post.
While the phrase, "Fly first class or your heirs will!" is one way to think about traveling in luxury, here's how to know whether you actually should.
Leaving the world of medicine isn't an easy decision. Here's what my wife and I discussed, including the financial and moral implications.
Debt is an important part of our financial system, but it can also cause financial ruin. Let's talk about debt and see if it'd work for you.
What did Dr. Laura Blaisdell do during the pandemic? She parlayed her experience into a successful COVID consulting firm. She explains how.
When I got married, I took on my partner's $300,000 medical school loan debt. Here's how we're paying it down together—as a family.
The lessons in 'The Millionaire Next Door' regarding Economic Outpatient Care still apply. Here's how one medical student is navigating it.
Discussing charitable giving and the pros and cons of DAFs vs. CRTs vs. private family foundations. Also answering listener questions about whether to reallocate assets to pay your mortgage and whether the gold standard will ever come back.
If medical school costs worry you, the HPSP might be an option. But with military service tied in to the equation, here's what to consider.
Discussing insights from the WCI/Laurel Road Physician Financial Survey. Find out what other docs have to say about their risk tolerance, Covid & burnout, retirement age, savings rates, and lots more.