Why (and How) We’re Disinheriting Our Kids
Our kids have gotten a little spoiled. Now, we're forced to do something about it. Here's how we're getting them prepared for adulthood.
Our kids have gotten a little spoiled. Now, we're forced to do something about it. Here's how we're getting them prepared for adulthood.
Why do I persist in trying to accomplish everything myself as opposed to enlisting help? Why am I still penny wise and pound foolish?
An interview with an emergency medicine physician where we talk about an inflated lifestyle, the shame one might feel, and how to solve those problems to still reach financial independence.
We asked you to fill out the WCI survey, and thousands of you did. Here's what you said, what you like, and what you want to improve.
Before buying any permanent life insurance policy, be sure you understand if you're one of the rare doctors for whom it actually makes sense.
With interest rates rising, is now a good time to buy CDs and perhaps ladder them for the next several years? Here's what to consider.
Want to see soon-to-be-docs show their shock and happiness? Check out the best reactions of those who participated in Match Day 2023.
Raising a child is one of the more expensive ventures you can undertake. Here's how much it could cost you—from birth to college.
Many doctors have benefitted from PSLF. But another adjustment to the program is coming, meaning many more docs could qualify.
Answering reader questions about my personal asset allocation in real estate, how many LLCs you should have for your businesses, and how to claim a tax loss from an international property.
More than 550 emergency medicine residency spots went unmatched this year. How did that happen, and what should be done about it?
Navigating our finances (and our increasing income) with the people we love is tough. It’s awkward. It's hard to find the right balance.
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.
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.
Now that the Secure 2.0 Act has been signed into law, here's everything you need to know about the changes for high-income earners.
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.
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!
I was going on maternity leave, and our income was about to dry up. Oh yeah, and we had a negative-$250K net worth. So, here's what we did.
How much money will you need to retire? Physician on FIRE runs through all the information you'll need to calculate your target number.
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.
Are you a budgeting Frugalista, Moderate, or High Roller? Let's explore how your identity can make a huge difference for when you retire.
If you're not such a big fan of Jim Cramer and his stock picks, here's a way to try to make money off the opposite of what he recommends.