Peering into My Email Inbox on a Monday Morning
Let's answer a bunch of reader questions—everything from swapping student loan debt for mortgage debt to getting hosed on life insurance.
Let's answer a bunch of reader questions—everything from swapping student loan debt for mortgage debt to getting hosed on life insurance.
People online are exploring ChatGPT's capabilities. But can its artificial intelligence extend to giving good financial advice?
In most cases, the age 59 1/2 rule means you can't touch your retirement account savings without paying a penalty. But there are exceptions.
It took years to become a doctor, and you ask yourself, "Now what?" Here is a three-step plan to help you work toward your dream life.
An interview with Monica Scudieri, a personal finance coach and author, where we talk about getting out of mountains of debt, living life as a single parent, and learning how to thrive.
If you're not paying attention to the yields and interest that you can earn in your savings accounts, now is the time to start.
Many docs get paid every few weeks—often without talking with patients about cost. For a side gig, you'll have to be more direct about money.
If you don't want to graduate from medical school with hundreds of thousands of dollars of student loan debt, here are some viable options.
Why are less people buying disability insurance these days? And what can be done about it? Here are some answers (and some reasons to buy it).
We bought a home about three years ago, but we can't move in because of the squatters living there. Here's the continuation of our story.
Answering reader questions about how to leave a bad financial advisor, where to put money in the short term, and the importance of spending instead of always just saving.
White coat investors can learn plenty from the released income tax returns of US presidents. Let's go over a few and see what they show.
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.
Many beginning investors feel overwhelmed when trying to design and implement their investment portfolios. This detailed plan should help.
Learn the basics of real estate investing—from hard money loans to mezzanine debt, capital stacks to waterfalls, depreciation, 1031 exchanges, strategies, and lots more.
Now that the Secure 2.0 Act has been signed into law, here's everything you need to know about the changes for high-income earners.
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.
This Backdoor Roth IRA tutorial takes you step-by-step through the contribution process including Form 8606, tax implications, common mistakes, and lots more.
What are the most unbiased, accurate, high-yielding, current, and entertaining financial books for doctors and other high income professionals? Here you go!
I was going on maternity leave, and our income was about to dry up. Oh yeah, and we had a negative-$250K net worth. So, here's what we did.
How much money will you need to retire? Physician on FIRE runs through all the information you'll need to calculate your target number.
Your financial and fitness goals often share the same principles. Here's what to know about getting in shape—with your body and your money.
Are you a budgeting Frugalista, Moderate, or High Roller? Let's explore how your identity can make a huge difference for when you retire.
If you're not such a big fan of Jim Cramer and his stock picks, here's a way to try to make money off the opposite of what he recommends.