Beware of Overconfidence and Hubris as an Investor
Adventure is a regular part of my life, but sometimes, I get overconfident. Here's why that's a bad idea for your life and your finances.
Adventure is a regular part of my life, but sometimes, I get overconfident. Here's why that's a bad idea for your life and your finances.
An interview with Dr. Alex Shteynshlyuger where we talk about how doctors are getting fleeced and likely don't even know it, why we should even care about processor fees, and how third parties have profited.
A Residual or Partial Disability Rider provides insurance benefits to doctors who can still work but who can't perform all their duties.
While it’s a personal decision with lots of factors, here’s what to consider when deciding if you should pay off student loans or invest.
There are reasons a physician should feel guilty: taking shortcuts, for example. But taking paid time off should not be one of them.
Thomas Deisboeck is an MD who is also an editorial cartoonist. We talk about why he chose this path and how his art can be used for good.
If you want to spread out your giving over a number of years, two good tools are Donor Advised Funds and Private Charitable Foundations.
During an economic downturn, it’s normal to feel anxious. But we can choose to face these challenges bravely and thrive during a recession.
Answering reader questions about whether to invest in India's stock market, the best way to invest your HSA dollars, and the tax efficiency of ETFs vs. mutual funds.
If you’re a business owner interested in hiring your child for tax purposes, there are specific rules and exemptions you need to know about.
At 36, I was a health nut. I followed all the recommendations I preached to my patients. Then, one day, I woke up dizzy. It was MS.
For those who want an alternative to stocks and bonds, oil and gas investing can be a good way to save in taxes or create an income stream.
Annuities are not usually recommended for readers of The White Coat Investor. But does investing in QLACs actually make sense?
The contribution limits for 401(k)s, 403(b)s, IRAs, and HSAs will change for 2024. Here's what you need to know.
Along with financial planner SC Gutierrez, answering reader questions about the benefits of the new SAVE student loan program, the importance of a written financial plan, and using HSAs as retirement accounts.
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.
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 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.
There have been quite a few adjustments made to Public Loan Service Forgiveness, and many of them make it easier to qualify for PSLF.
Many beginning investors feel overwhelmed when trying to design and implement their investment portfolios. This detailed plan should help.
Learn the basics of real estate investing—from hard money loans to mezzanine debt, capital stacks to waterfalls, depreciation, 1031 exchanges, strategies, and lots more.
Stress is all but guaranteed in the medical profession. But here are some medical specialties that are more stressful than others.
The secret to becoming a wealthy physician is contained in these four words: "Live Like A Resident." Earn like an attending, but spend like a resident to become very wealthy, very fast.
The absence of a plan was intoxicating. I could go anywhere. My colleagues threw a party. I walked out of that hospital and never went back.
This Backdoor Roth IRA tutorial takes you step-by-step through the contribution process including Form 8606, tax implications, common mistakes, and lots more.
What are the most unbiased, accurate, high-yielding, current, and entertaining financial books for doctors and other high income professionals? Here you go!
More than 550 emergency medicine residency spots went unmatched this year. How did that happen, and what should be done about it?
Not all physicians can make $500,000 a year or more. But moderate-income physicians also can have ultra-rich lives if they have a plan.
More physicians are organizing, and some have begun to strike to earn better pay and benefits. Are striking doctors the right answer, though?
Your financial and fitness goals often share the same principles. Here's what to know about getting in shape—with your body and your money.