An interview with financial expert and author, David Bach, about one of the most powerful ideas in personal finance: making your money automatic so good habits happen without relying on willpower.
After a bumpy start when it came out in 2008, the Vanguard Total World Index ETF (VT) has been somewhat redeemed. But I still won't use it.
There's plenty of skepticism toward private real estate syndications and funds. But some of those arguments are completely wrong.
When fantasizing about your retirement, you should know that it probably won't go as you expect—monetarily and in every other way.
Owning an asset for more than one year before you sell is the key to paying less in capital gains tax. Know your capital gains tax rate.
Medical school may not have taught you about money, but we will.
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Get ready to take control of your financial life. You can do this, and we can help.
We won't sell your information. Modify your preferences or unsubscribe at any time.
For some people, it is challenging to stay the course with their investment plan when markets go down. Owning bonds can certainly help.
A reader recently sent me a link to an article on why you should never live like a resident. Let's do a little debunking of that idea.
Answering plenty of listener questions about cash balance plans, revocable trusts, and what your peak spending years really mean and when they happen.
WCI has a new partner for home, auto, and umbrella insurance. Check out the top-notch service you'll get and how much money you can save.
Sometimes, we put too much time and worry into thinking about the financial stuff that doesn't really matter all that much.
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Doctors consistently say a lack of control over their time is a driver of burnout. These specialties, however, have good work-life balance.
Resident doctors usually make somewhere between $60,000-$70,000 per year. One observer says that would put them below the poverty line.
Due to their "triple tax-free" tax treatment, Health Savings Accounts are a great way to invest. Here are some tips you probably should know.
Plenty of life happened last year. Here's where I stand with my New Year's resolutions from 2025 and what I want out of 2026.
An interview with Larry Swedroe, where we discuss AI, whether it is actually a bubble, and the world of alternative investments, including real estate, crypto, reinsurance, annuities, peer-to-peer loans, and commodities.
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.
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.
Medical school may not have taught you about money, but we will.
We will never sell your information. Modify your preferences or unsubscribe at any time.
Get ready to take control of your financial life. You can do this, and we can help.
We won't sell your information. Modify your preferences or unsubscribe at any time.
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.
People 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 big desire to buy a house. But it's a 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.
In broad strokes, asset protection includes tax saving, estate planning, and even investment strategies, and it will help preserve your nest egg in case of a malpractice suit. See Posts
Estate planning is the process to ensure that your assets go where you want after your death, that your desires are carried out after you can no longer make decisions, and that the estate taxes you pay to the government are minimal. See Posts
Whether it's life, disability, auto, home, or malpractice, high-income professionals need insurance to make sure life's biggest costs don't substantially hurt their nest egg. See Posts
There are so many ways to invest successfully that the most important thing is to just pick something reasonable and stick with it. But it's key to know which approach to take and why you're picking that option. See Posts
Beginning your financial journey and learning about personal finance can seem awfully overwhelming. But instead of trying to solve the entire puzzle at once, it'll be easier (for your mind and for your psyche) to break it down into sections that are more easily digestible. See Posts
Ownership matters, whether it's owning profitable companies, owning your own home, or owning your job. Most of the time, medicine is better—for the docs and for the patients—when docs own their jobs. See Posts
A full, happy, comfortable retirement is where so many WCIers have been aiming since they began working. The main questions: what's the best way to get there, and once you arrive, how do you begin to live and fund your new life? See Posts
While it's entirely possible to finish an undergraduate education debt-free, it's become less likely that physicians and other high-income professionals can do the same. That's why it's so important to know how to manage student loans and the programs that provide student loan forgiveness—especially in a political world that constantly makes changes to them. See Posts
Recent studies show that more than 50% of physicians have experienced burnout, marking a notable increase in the past decade. This trend is alarming and shows why the intersection of burnout and how high earners can keep themselves healthy has never been more pertinent. See Posts