How to Double Your Income as a Primary Care Physician
Here's how top physician earners in typically lower-income specialties are killing it and commanding over 2X+ the average for their specialty.
Here's how top physician earners in typically lower-income specialties are killing it and commanding over 2X+ the average for their specialty.
Some of the biggest financial decisions of your life come when you receive that first attending paycheck. Spend wisely for early financial independence.
General rules don't always hold true when going for PSLF. Today we review the basics and run the numbers to see if PSLF is still your best option.
What are your investing goals? Many investing mistakes can be fixed by simply creating and following a reasonable investing plan.
Here are 5 things you can do to make sure your medical practice is ready for an easy sell at the highest price when you're ready to retire.
What should your savings rate be? Frontload your retirement at the beginning of your career and you'll be millions ahead in the retirement game.
Here's what it's really like to invest in crowdfunded, syndicated, and private real estate investments. Also an update on our other alternative investments.
Instead of retiring TO something, retire ON something...or UNDER, FROM, WITH, IN, OR BEFORE something! Retirement advice today from Physician on FIRE.
Have you considered a humanitarian medical mission? Here's my experience from volunteering in Honduras plus 5 tips to avoid being just a medical tourist.
When is a group practice retirement plan worth starting for your office? Also answering questions about rebalancing, UTMAs, paying off your mortgage and more!
Here's a year-by-year guide for residents to follow in order to keep student loan forgiveness and their finances on the right track.
Have you recently been inspired to start saving for retirement? Here are 5 steps you should follow to get started off on the right foot.
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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