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.
In this episode we cover disability insurance, loaning money to family members, buying Facebook shares, student loan management, backdoor Roth IRAs, saving on your mortgage rate, whole life insurance, and more.
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Most of what you'll find on this site applies to everyone -- married, single, divorced, with kids, without kids, etc. The principles are universal. However, there ARE a few exceptions. Today we examine the financial nuances for single people.
Think you can't save any money as an intern? Alex Foster, MD achieved a 20% savings rate, was able to fund an IRA and HSA, bought the right insurance, gave to charity, and travel hacked vacations, ALL in his intern year. Here's how he made it happen.
Many of you are worse than broke with a six-figure NEGATIVE net worth but still think you can live like a rich doctor. Stop being one of the poorest in the world and learn how to "live like a resident" for the quickest way to wealth.
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Does a fellowship make sense for your finances? Do some calculations to determine your return on investment and know if you'll end up ahead financially or in the red.
Impatience is a disease that keeps high-income professionals stressed about finances and running on the treadmill to keep up with their lifestyle. Show some patience and you'll have all the stuff you desire including financial independence.
Lots of advice here for medical spouses: being married to a doctor while having your own career, finding your identity as a stay at home mom or dad, living like a resident, relationships, and choosing to love your spouse every day.
Health care is expensive stuff so don't pay more for it than you need to. Follow these best practices and reduce your health care costs.
In this guest post, Dr. Joshua Daily highlights the most important financial aspects physicians and other high-income professionals need to consider when going through a divorce.
We've been in every tax bracket and McDonalds used to be a special treat. We certainly NEVER expected to have a seven-figure income. Here's what it's like.
Don't neglect to research the non-clinical aspects of taking a locums job. Answering questions about travel expenses, insurance, licensing, etc. can make or break the gig.
I saw The Greatest Showman not once, but twice and found it was a masterpiece of personal finance. Apply its lessons in your life and profit.
Should you ever raid retirement accounts for a down payment on a home or med school? Is it a good idea to keep cash on the sidelines for a great opportunity? Also, questions about Employee Stock Purchase Plans and setting the record straight on buying real estate.
Physicians are a pretty rational crowd. Why is it then, that we often do the opposite of rational when it comes to personal finances?
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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