We’d been struggling with our finances over the past few years and thought that we had been budgeting. But actually, we’d just been tracking our expenses after the fact. That’s not how a budget works.
Many physicians have more income potential but also less net worth than their spouse when they get married. It's why a conversation about finances before you say "I do" is so vital.
We're not frugal in every way, but we do have our share of frugal weirdo tendencies. A rundown of some of the habits that helped us reach financial freedom.
Dr. Dahle thinks that private school is a waste of money that could be much better spent elsewhere. His assistant editor thinks that education is a top priority and sacrifices of time and money are worth it.
The high costs of raising children can't be overlooked. Here are a few ideas to prepare for the financial ramifications of raising your kids.
Is the reason you're not a millionaire sitting in the driveway? Here's how to decide if a vehicle is too expensive for your budget. Also answering questions about 457s, ETFs, and mutual funds.
When living paycheck to paycheck is broken down like this, it's easy to see why the average doctor might be struggling to keep up.
The secret to becoming a wealthy physician is contained in these four words: "Live Like A Resident." Earn like an attending, but spend like a resident to become very wealthy, very fast.
Want to build wealth without using a traditional budget? TPP teaches how to create a "backwards budget" for financial success.
Life will always be "Mo’ Money, Mo’ Problems” until you recognize the relationship between money and happiness.
Never say never. The old Sequoia broke down and now I've got a Dual Motor Model S charging in the garage! Here's the full story.
Dual high-earner couples have some significant financial disadvantages. The advantages, however, probably more than make up for them.
Buy cars using your cash flow, not a loan. Docs can afford to lose money on cars, but reliable transportation can be much cheaper than you might think.
Consumer addiction is very real and high-income earners tend to be prime targets. Know what it is and how to beat it.
Geoarbitrage makes a lot of sense for lowering your monthly expenses. But, here are a few things to consider before moving to the Midwest!