What Percent of Mortgage Payment is Interest?
I often hear people express with dismay that 90% of their mortgage payment goes toward interest and that they're not building much equity, especially at the beginning of their loan. As many readers k...
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.
I often hear people express with dismay that 90% of their mortgage payment goes toward interest and that they're not building much equity, especially at the beginning of their loan. As many readers k...
There is a "financial guru" named Douglas Andrew who lives in my local area. He is a financial planner, radio host and author who advocates a rather unique approach to retirement planning. I've occa...
One of the pearls Dave has contributed to the personal finance lexicon are his "Baby-Steps." They seem aimed at the financially clueless, but they still have merit for the more knowledgeable.
Q. What should I do with a windfall, such as a $500K inheritance from a long lost Uncle or a larger sign-on bonus than expected? A. Two of my favorite investing/finance books, The Bogleheads Guide To...
The IRS expects you to pay yourself a reasonable salary as an S-Corp. An important factor in that decision should be the effect on how much you can sock into a retirement plan.
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I was reading about a survey by the Physicians Foundation recently which had some rather sobering findings. They sent out these 48 question surveys to 630,000 doctors and only heard back from 13,575,...
By Dr. James M. Dahle, WCI Founder This was a post on Sermo, with 437 responses in about a week. I'm going to cite what I thought were 15 of the best ones. The entire White Coat Investor site consists...
Early Retirement Is Still Possible I recently retired from the practice of emergency medicine at the age of 53, and I was asked to write about how I managed that. A bit of it was luck (bad luck, actua...
My last post discussed how I recently made partner and how this has given me additional income, expenses, risk, and personal financial complexity. In this post, we'll discuss the ways becoming a part...
Last time we discussed some additional taxes you may or may not be paying as a result of PPACA. This post addresses the considerable benefits of PPACA to you a health care consumer. Next time we'll...
Dave Ramsey is spot on with his advice about getting out of debt but I'd be very cautious taking investing advice from him or his endorsed local providers. Here are 4 reasons why he may be leading you astray.
I had a recent question that I'd been meaning to address as a blog post. By the time I had the email answered, most of this post was written. Just about every military physician contemplates this qu...
The transition from active duty to civilian life can be a difficult one, especially when a young physician is returning to residency training. One of the stresses is the substantial salary reduction...
This is a guest post written by Keith Roxo, a graduate of both the Naval Academy and Top Gun (yes, that Top Gun) who will be starting medical school at USUHS this fall. The Health Professions Scholars...
All right, I'm biased. I'll admit it. I think doctors, especially me, should make a gazillion dollars. Now that we have that disclosure out of the way, I'd like to explore five reasons why we (as a...
Medical school may not have taught you about money, but we will.
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