State of the Blog 2021
Sincere thanks to our WCI community for your hard work and support! Lots of exciting changes being made to fulfill our mission and serve you even better in 2021.
Sincere thanks to our WCI community for your hard work and support! Lots of exciting changes being made to fulfill our mission and serve you even better in 2021.
If you haven't yet contributed to your backdoor Roth IRA, here's the help you need to get it done today. Also discussing adding asset classes to your investment plan, inherited money, and lots more.
How would you fix Public Service Loan Forgiveness? Dr. Garrett Rossi offers a proposal to help make PSLF clear, fair, and understandable.
The Roth or Traditional 401k decision can be complicated for high-income professionals. Consider these factors to best protect your income.
Want to successfully reach your investing goals and build the life you dream of? Here are 7 numbers you need to know to make it happen.
Will more money make you happier? TPP sets out to answer this question and to look at some of the evidence.
Slow down! Using doctor loans to finance investment properties is a risk you don't need to take to reach your investing goals.
Taking a deep look into the causes and symptoms of burnout. Also talking recovery and realistic steps for building a happy life.
Did you discuss financial goals before marriage? Dr. Maheswari Raja offers 7 questions to ask before entering an arranged marriage.
Get as mad at debt as I am! Do the math, make a plan, take control, and seize the life you want by paying off your debt FAST.
The White Coat Investor's Guide for Students is now available! It's the high-yield way to optimize your finances in medical or dental school.
The White Coat Investors Facebook Group has recently been taken over by Bitcoin speculation and stock picking. That all changes today.
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.