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...
[Founder's Note: Those who are familiar with our financial journey are aware that my wife and I decided to forgo spending a great deal of our income in our first few years out of residency in order to...
A reader recommended Gregory Karp's Living Rich by Spending Smart to me. It is a great read and very useful for anyone having trouble saving 20%+ of their gross income. I cannot recommend the introduc...
[Editor's Note: This is a guest post from Eris Saari, President of AmeriFund Home Mortgage, LLC based out of New Jersey. He has been doing residential mortgage lending for 25 years. We have no financi...
[Editor's Note: Yesterday, Dr. Mom, a regular WCI reader and commenter who wishes to remain anonymous, shared her family's financial journey to relative wealth. Today, she continues her post with some...
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.
[Editor's Note: Doug Carlsen, DDS, is a dentist who retired at 53. He is a new columnist at The White Coat Investor. This is his second column. Let me know how you like his articles by email or in the...
[Founder's Note: Beau Ellenbecker is a long-time blog reader and frequent commenter, and a private practice family practitioner who spent a few years in the Army after accepting an HPSP scholarship to...
Basketball star Shaquille O'Neal not only got a doctorate, but he also became adept at turning his income into real wealth. Learn his lessons here.
Families working together across the generations can be a true wealth-producing machine -- far more powerful than any other personal finance concept.
Let's Call Your Debt to Income Ratio what it Really is: Your Debt Slave Ratio. That's really what debt is since the borrower is slave to the lender.
In personal finance, like in most areas of life, some things matter more than others. Here are the ten things that matter most.
Residents make the average American household income. How can you raise a family on that? Here are 6 tips to make it work.
I learned recently about an alternative to purchasing a PPACA-compliant health insurance plan. There are three organizations whose members are exempted from PPACA penalties (see pages 107 and 128), S...
Sometimes, smart people simply aren't aware of the financial issues they need to take care of. New physicians either need to do their own financial planning, or pay someone else to assist them with i...