Consumption Smoothing Is Stupid
Consumption smoothing is using debt and savings to ensure a constant level of spending throughout your life. It's a bad idea. Don't do it.
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.
Consumption smoothing is using debt and savings to ensure a constant level of spending throughout your life. It's a bad idea. Don't do it.
Take a peek behind the curtain at what an actual, real life WCI Family Budget Meeting looks like. Trust me, it's more boring than you might think.
Like to spend less time worrying about finances and more time on things that matter most? Here are 6 ways to maximize your time as well as your investments.
Craig Daste thinks fancy cars bought on credit are worth it. I think he's wrong. You decide for yourself.
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Giving can all be a lot of fun and can be beneficial to the world, your family, and yourself. WCI readers share the charities they support.
In the last year, a fair number of physician financial blogs have popped up. Most are surprised to see that I encourage what they're doing since blogging is more collaborative than competitive.
Financial aid planning is the new thing to maximize the difference between the cost of attendance and the expected family contribution. But most high-income professionals shouldn't bother.
The White Coat Investor: A Doctor's Guide to Personal Finance and Investing is now available on Audible. Figure out what the fuss is all about by getting your copy today!
WCI received sudden notice that he's out of work as of today. What will he do? How will he eat? How will he keep the wolves from the door?
Looking for a few nuggets of wisdom? Share these with your colleagues and improve the financial life of physicians across the country.
You don't need a debt settlement company to settle your debts. The negotiation technique is simple and easily done without professional help.
Mid-career physicians face unique financial difficulties when compared to their broke early career counterparts and their late career colleagues wrestling with an impending retirement. Consider these issues in your financial planning.
The WCI family spent a whole bunch of money again, this time buying their first brand new car. There are a few lessons to be learned from the experience.
For low discipline, finance-challenged people like us, I think I make the case for the advantages of getting out of debt and fixing your financial house quickly. I know we feel like we made it just in time.
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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