Budget Archives - Passive Income MD

Displaying 9 Posts categorized under Budget

Top 5 Financial Priorities for an Early Career Physician

An early career physician has a lot going on and doesn’t need to get everything just right, but there are a few financial priorities that should be recognized. Editor’s Note: Physician On Fire is the guest post this week on PIMD. They are a real estate investing platform that gives investors access to multifamily, office, […]

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Three Pathways to Wealth

Financially successful doctors generally take one of three pathways to success. Which is the right fit for you to build wealth? Today’s Classic is republished from White Coat Investor. You can see the original here. Enjoy! There are many roads to Dublin. There are many pathways to reaching your financial goals and becoming wealthy. However, […]

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Journal Club 1-1-21

Here’s Journal Club 1/1/21! Every week, I hold a JOURNAL CLUB. After filtering through the articles on the web, I present a few that impacted my life this week. Be safe and stay well! It’s hard to believe, but as we enter the new year, tax time is not that far away. In this post, […]

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Journal Club 1/9/20

Journal Club 1-9-20

Every other week, I hold a JOURNAL CLUB. After manually filtering through the millions of articles out there on the web, I present a few that impacted my life this month. Here’s our Journal Club for the week, enjoy! Going from residency to real money is a financial adjustment in the positive direction. But, just because […]

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Top 5 Expenses that Go Down in Retirement

Top 5 Expenses that Go Down in Retirement

While we do our best to mitigate future unknowns (in, for example, retirement), it’s hard to really know what life shuffles our way. However, there are a few things we can expect, such as which expenses we can bank on going down. Here are a few insightful words from POF. Today’s Classic is republished from […]

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Mythbusting Financial Freedom

3 Major Myths About Financial Freedom

It’s early July, and this time each year, we have some time to think about our independence and freedom. We also celebrate and spend time being grateful for those that helped us achieve that. Everyone reading this certainly has a lot to be grateful for. But I also know that there are those that might […]

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Physician on Fire, Spent Money, Medical School, Financial Freedom, Financial Independence

That Time I Was Broke and Spent $1,000 on Beer

Even some of the best financial thought leaders in the physician blogger space have made not-so-smart moves with money. But lessons learned are opportunities to share wisdom with others, right? Today’s Classic is republished from Physician on Fire. You can see the original here. Enjoy! Recently, a post celebrating a homeless woman buying a $7 candy […]

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Journal Club 5-24-18

Every other week, I hold a JOURNAL CLUB. After manually filtering through the millions of articles out there on the web, I present a few that impacted my life this month. Here’s our Journal Club for the week, enjoy! While many of us frequently talk about the technical aspects on the journey to financial independence, few […]

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A Financial Plan for Busy People

Key points: You must save more than your spend in order to grow your financial stash. During residency you should pay off at least $2,500 in student loan interest per year. Make sure you contribute to your Roth IRA fully but keep your Traditional IRA bucket empty. Save the rest of your earnings. While you are a mid-career professional […]

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