How to Fix Your Financial Problems
We all have money problems. The sooner and more effectively you address yours, the sooner you will be on the path to financial security.
We all have money problems. The sooner and more effectively you address yours, the sooner you will be on the path to financial security.
Career burnout affects physicians and other professionals at alarming rates. Fight burnout with prodigious saving and targeted spending.
Financially successful doctors generally take one of three pathways to success. Which is the right fit for you to build wealth?
Today's guest shares her experience starting & running a direct primary care practice. Discussing the advantages & challenges of this model both for physicians & patients.
Should I buy stocks now? The real question should be, "should I try to time the market"? With a solid investing plan you'll never ask either question.
Here's how to determine the maximum amount of student loan debt that your future earnings can support AND what to do if you already have too much.
If you own an S corp in addition to having a W2 job, you're probably getting hosed on social security taxes. Here are tax planning strategies to help.
Punch in, punch out, get paid. PIMD thinks there's a better way to live and work through creating passive income. Simple concept, yes -- but not easy.
Side gigs are all the rage but here are five reasons why spending less beats earning more.
Discussing the different types of retirement accounts, tax benefits of private real estate funds, what to do with your money in residency, adding small caps to your three-fund portfolio, and lots more!
Think you need to spend $5-20K during resident interview season? After 17 interviews, 20 planes, & 35 nights, this 4th year spent $1,560. Here's how she got it done.
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.
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 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.
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, 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 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 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.
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.