Don’t Succumb to Fear of Missing Out with Your Investments
FOMO can lead investors to do some very dumb things with their money. Here's what you need to know to stay the course.
FOMO can lead investors to do some very dumb things with their money. Here's what you need to know to stay the course.
Getting into the nitty-gritty details of finances and divorce in this interview with Dr. George Hwang. Discussing attorneys, mediation, child support, alimony, and lots more.
CPT Michael Bork, D.O. discusses military physician retirement accounts and the best things to invest in while serving in the military.
Here's how to calculate your required minimum distribution and reduce your fear of potential RMD tax burdens.
Introducing the new WCI Store! Selling t-shirts, books, and the gear you need as a White Coat Investor.
Is your number for Financial Independence based on a level of assets or income? Learn the pros and cons of the income approach for measuring FI.
Discussing the best travel hacking credit cards with guest host Physician on FIRE. Learn how to travel the world for free with his simple strategies.
Finding a trusted financial mentor can be key to success. Here's advice for identifying, learning from, and emulating mentors in your life.
Retirement/Financial independence isn't an age, it's a number. Here’s what to focus on to ensure you’re working towards your goal and not against it.
Celebrating the principles of Financial Independence Retire Early (FIRE). Decide if joining the movement for financial freedom is in your future!
Want to build wealth without using a traditional budget? TPP teaches how to create a "backwards budget" for financial success.
There are now more options than ever to refinance your student loans while still in residency. Easy payments and less interest accrual is a winning combination for those not going for PSLF.
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.
Student loans stink. To make matters worse, figuring out what to do with them can seem complicated. Here I present a flowchart that should help clear up the confusion.
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.
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.
Bloggers and authors 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 burning desire to buy a house but it's a huge 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.
The secret to becoming a wealthy physician is contained in these four words: "Live Like A Resident." If you're earning like an attending, but spending like a resident, you will become very wealthy, very fast.
A good investment portfolio is broadly diversified, low-cost, passively managed, rebalanced, and consistent with its owner's risk tolerance.
This Backdoor Roth IRA tutorial takes you step by step through the contribution process including Form 8606 & contributing via Vanguard. Get it done right & avoid costly mistakes.
Every investor needs a written Investment Policy Statement. Here are a few pieces out of mine and ideas for what you ought to consider including in yours.
Financial knowledge isn't enough. Without the X Factor, you'll never reach financial success. Motivation breeds hard work and discipline, which breeds wealth.
Guest blogger Dr. Wise Money explains how REPAYE works and shows how you can decide if it is right for you. The lower your income and the higher your debt, the more likely REPAYE is for you.
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.
People take too long to kick Sallie Mae out of the spare room. Here are ten reasons why you should pay off those student loans in 2-5 years.
There are a few important financial chores every busy resident would be foolish to ignore. Get these 6 things done and checked off on your "to-do" list.