8 Reasons Why the First Million Is the Hardest
If the first $1 million of your net worth is the hardest to reach, why does the next million dollars you add feel so much easier?
If the first $1 million of your net worth is the hardest to reach, why does the next million dollars you add feel so much easier?
I used to think my baseball cards would make me rich. That didn't happen. Here's why my collection (and yours) won't reach seven figures.
If you're leaving your employer and you have a 401(k), what should you do? There are six options, some of which are better than others.
My parents live in Mexico and know next to nothing about investing. Here was my journey in helping set them up for retirement.
An interview with leadership coach Rutherford Pascal, where we talk about why burnout happens; why traditional fixes often fall short; and how concepts like deliberate rest, autonomy, and leadership skills play a meaningful role in long-term career sustainability.
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.
We won't sell your information. Modify your preferences or unsubscribe at any time.
If you want to reduce your tax burden, here are some alternatives to paying capital gains taxes. Most of them have significant downsides.
I get all kinds of questions coming from internet forums and my email inbox that are relevant to the WCI community. Let's answer some.
I don’t think I’ve ever really fit in. Perhaps moving to a foreign land and continuing to work instead of retiring will make the difference.
Here are some appropriate times to use debt to your advantage in your financial life. The trick is to know when the risks are too great.
If you plan to get rid of your I Bonds, here are step-by-step instructions on how to sell them via the TreasuryDirect website.
Enroll in WCI Financial Boot Camp, a FREE 12-week email course to improve your financial life.
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The goal of many physicians in the past was to own their own practice. It's different now. Here's what docs have to say about the change.
Answering listener questions about direct indexing with short and long extensions, taxes in real estate, and how a solo 401(k) works alongside a 403(b) and 457 plan.
My wife's new job benefits are fantastic, including access to a 457(b). Now, it was decision time. Should we actually use this account?
Let's talk about what a UIT is, how it is different from an ETF, and whether those differences really matter in an investor's financial life.
Let's determine whether it makes sense to buy whole life insurance for retirement spending instead of using an IRA or 401(k).
After much thought, our portfolio is changing this year from one reasonable portfolio to another. We'll see how it goes. Update in a decade.
Here are 8 steps to automate your financial life and help you reach your goals of financial freedom.
Rich people don't "manage" debt. They eliminate it. Not stupidly, but reasonably and consistently. It's a behavioral thing, not a math thing.
Disability insurance is crucial insurance for the vast majority of physicians to secure. Buy it right the first time, and you may never have to do it again.
The Roth IRA is a great start for building your nest egg. There's no better vehicle for investing, tax reduction, asset protection, and estate planning.
Medical school may not have taught you about money, but we will.
We will never sell your information. Modify your preferences or unsubscribe at any time.
Get ready to take control of your financial life. You can do this, and we can help.
We won't sell your information. Modify your preferences or unsubscribe at any time.
Peer to Peer Lending (P2PL) is a relatively new asset class I've been investing in for a few years with good success. The risks are high, but the low correlation with the rest of your portfolio coupled with the high returns make it worth looking into.
People often tell you that you'll be super happy once you're financially independent. They might not know what they're talking about.
New residents have a big desire to buy a house. But it's a gamble of your time and money at a period of life when you have little of either.
Don’t make these seven common mistakes that cause doctors to fall short in reaching financial success.
In broad strokes, asset protection includes tax saving, estate planning, and even investment strategies, and it will help preserve your nest egg in case of a malpractice suit. See Posts
Estate planning is the process to ensure that your assets go where you want after your death, that your desires are carried out after you can no longer make decisions, and that the estate taxes you pay to the government are minimal. See Posts
Whether it's life, disability, auto, home, or malpractice, high-income professionals need insurance to make sure life's biggest costs don't substantially hurt their nest egg. See Posts
There are so many ways to invest successfully that the most important thing is to just pick something reasonable and stick with it. But it's key to know which approach to take and why you're picking that option. See Posts
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. See Posts
Ownership matters, whether it's owning profitable companies, owning your own home, or owning your job. Most of the time, medicine is better—for the docs and for the patients—when docs own their jobs. See Posts
A full, happy, comfortable retirement is where so many WCIers have been aiming since they began working. The main questions: what's the best way to get there, and once you arrive, how do you begin to live and fund your new life? See Posts
While it's entirely possible to finish an undergraduate education debt-free, it's become less likely that physicians and other high-income professionals can do the same. That's why it's so important to know how to manage student loans and the programs that provide student loan forgiveness—especially in a political world that constantly makes changes to them. See Posts
Recent studies show that more than 50% of physicians have experienced burnout, marking a notable increase in the past decade. This trend is alarming and shows why the intersection of burnout and how high earners can keep themselves healthy has never been more pertinent. See Posts