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IRAs-Back to Basics Series

IRAs-Back to Basics Series Truthfully, most physicians have about zero use for a traditional individual retirement arrangement (IRA).  In residency, they should be doing Roth IRAs and later in their c...

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The Yale Portfolio

The Yale Portfolio This is another in my series of posts on fixed asset allocation portfolios (AKA lazy portfolios.)  You can read about the other ones here. David F. Swensen is perhaps the most succe...

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Income Based Repayment

Income Based Repayment  Student Loans Series Part 2 As previously noted in my post on student loans, the financial situation for medical students is getting much worse.  There are a couple of bright s...

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Livin’ The Dream

Livin' The Dream I recently spent a week in one of my favorite places on Earth, the Yosemite Valley.  There's a picture of it at the top of each page on this blog.  Climbers the world over dream of on...

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You’re not the 1%

You're not the 1% The media is full of pictures and stories of people camping out in parks all across the nation.  I love to camp.  But if I were going to camp, I probably wouldn't pick Manhattan, or...

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10 Reasons Why Residents Shouldn’t Buy A House

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..

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Live Like a Resident

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.

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Meditation on the Enclosure

The X Factor

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.

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REPAYE Case Studies

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.

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