How to Build Wealth On $150,000 Per Year
Financial tips and strategies are outlined today for ODs, NPs, PAs, Pharmacists, etc. that are trying to build wealth on a low income.
Financial tips and strategies are outlined today for ODs, NPs, PAs, Pharmacists, etc. that are trying to build wealth on a low income.
Today we interview William J Bernstein, MD. We talk his "Four Pillars of Investing", history of finance, future stock returns, real estate, gold, and lots more!
Take advantage of the window of opportunity between accumulation and distribution in retirement. Use partial Roth conversions and keep more of your money.
Am I buying Bitcoin now that it is 83% off? Nope. It's still just as dumb of an investment as it was at its peak and before its rise.
If your savings rate is less than 30% it's time to delcare "WAR" on debt and increasing your savings rate. TPP shares his ideas to make it happen.
It's critical for an investor to examine five major categories of investment-related costs and reduce them wherever possible for maximum returns.
Today we answer reader questions about the costs of raising a family, muni bonds, insurance for the military, HSAs & FSAs, downsizing to reach FI, and more!
Don't give the government an interest-free loan this year. Know how, why, and when to adjust your withholdings to avoid a big tax refund.
Qualify for the new pass-thru business (199A) deduction? You may have a new reason to use the Mega Backdoor Roth IRA for big tax protection.
PoF explores the internal struggle of minimalism vs frugality. What he discovers may bring you closer to realizing your own financial independence.
Aimed at early career physicians, TPP's Guide to Personal Finance is easy to read, personal, and has the essential advice to achieve financial independence.
Jonathan Clements, author of How to Think About Money, is our guest today. We discuss how to use money to create a better, happier, more enriched life.
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.
Doctors are busy. Luckily, you don't have to spend much time on financial chores compared to what was needed in the past. Nearly every step can be automated. 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 a key type of insurance for the vast majority of physicians and other high-income professionals. Buy it right the first time and you may never have to do it again.
Roth IRAs have a lot of advantages with regards to 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.
Graduating medical students (and especially their spouses) have a burning desire to buy a house to feel like they've finally made it. If they're smart, they'll curb it. Buying a house in residency is 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 portfolio is broadly diversified, low-cost, passively managed, regularly rebalanced, and consistent with its owner's need, ability, and desire to take risk.
This Backdoor Roth IRA tutorial takes you step by step through the contribution process including how to fill out IRS Form 8606. We'll show you how to get it done right and avoid mistakes that can cost you time and money.
Every investor should have 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 in turn breed 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.
Residents are busy folks. Their time is consumed with clinical work, clinical learning, and sleep. What extra time they have should be spent with their loved ones and on other activities that keep t...
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