Spring 2021 Real Estate Update!
Are private real estate investments worth the hassle? Here's a rundown of my investments and why I believe the added complexity is still worth it.
Are private real estate investments worth the hassle? Here's a rundown of my investments and why I believe the added complexity is still worth it.
Platforms like Airbnb and VRBO have gained immense popularity. Here is a guide to short-term rentals and how one can get involved.
Six months ago we began the process of creating the World's Best 401(k) Plan. See my wish list of features, compromises, and final result!
Discussing passive income with Peter Kim. We're talking vetting private real estate, real estate investing for a young doctor, lessons from deals gone bad, trying to time the market, and lots more!
If you're a self-employed business owner, learn how to DIY your own Health Reimbursement Account (HRA) while maximizing tax deductions.
Regret buying Whole Life Insurance? Deciding whether to keep, cancel or exchange the policy can be a dilemma. Here are your best options.
Here's a list of all the reasons NOT to take out a Parent Plus loan to pay for your child's medical school.
How can you spot an investment scam? No one is immune, and investment scams are peaking in this bull market. Learn to recognize and avoid.
You've likely heard the phrase "debt is a negative bond". Here's what that means and its implications on your financial life and portfolio.
Today we interview attorney and author, Jay Adkisson, discussing how to build a common-sense asset protection plan to preserve your wealth.
Here are 12 ways that medical professionals can protect themselves, their assets, and their patients from cyberattacks.
Too many unforeseen risks can end your professional career. Reduce your exposure and diversify with multiple streams of income.
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.