Bernstein Says Stop When You Win The Game
Learn from Four Pillars of Investing author, Dr William Bernstein, how to manage your level of risk to be a winner at the retirement game.
Learn from Four Pillars of Investing author, Dr William Bernstein, how to manage your level of risk to be a winner at the retirement game.
Some bloggers think an AUM model is just as bad as a commissioned model for financial advice. I'm not one of them, but you do need to ensure you are getting good advice at a fair price.
Is real estate investing inflation proof? PIMD takes a look at multiple ways real estate can be used as a hedge against inflation.
Driving a cheap, old car can teach important financial lessons to a teenager. We could have bought brand new but what message would that have sent?
Do you know what deductions are available to high-income professionals using the business vehicle tax deduction? Digging into this question plus lots more on today's episode.
Don't obsess over a good credit score but there are a lot of reasons for keeping it in good shape. Here's what you need to know.
Let the government share in your investment losses. Here is a step-by-step guide to tax-loss harvesting so you can take advantage of the next downturn.
Portfolio rebalancing is one of many "investing chores" to master if you wish to be a Do It Yourself Investor. Here's a spreadsheet to get it done easily.
Have you thought of going part-time? It's definitely on the table for TPP as he combats burnout and seeks for better work-life balance as a physician.
Carve out a large percentage of your income for building wealth and then spend the rest on what REALLY makes you happy. Forget the other stuff!
If you think early retirement might be for you, Physician on FIRE talks to us today about how to do it and what it's like to actually live it.
Looking for ways to increase your chances of receiving a medical school scholarship? Advice today on how to find and earn these coveted awards.
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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