Owning rental properties is an excellent tool for building wealth, passive income, and ultimately achieving financial freedom (if that’s your goal). Of course, as much as I love it, it’s not without its risks. One of the major risks comes from liability. As doctors and high income professionals, we’re well aware of lawsuits and the […]
Having 25 years of expenses can give you a safe withdrawal rate of 4%. Why would you want to save more than 25x for an even safer initial withdrawal rate? Today’s Classic is republished from Physician on Fire. You can see the original here. Enjoy! Financial independence is defined as owning assets that will support your […]
The end of the year is a busy time. Are you a high income earner? Have you checked off all the boxes on this end of year financial checklist? Today’s Classic is republished from The Physician Philosopher. You can see the original here. Enjoy! At work, my nickname is “Dory,” which comes from the famous […]
Teaching personal finance is often considered a taboo topic. Why? Here are five common myths and how they fail in their line of reasoning. Today’s Classic is republished from The Physician Philosopher. You can see the original here. Enjoy! When I work with residents, I often ask them if there is anything, in particular, they’d […]
Financial success often means learning how to be frugal. Is it okay, once you’ve had success to go from frugal to fancy? We did after buying a peloton. Today’s Classic is republished from Physician Philosopher. You can see the original here. Enjoy! I’ve spent a lot of time over the last 3 and a half […]
Tracking spending can be useful, but it’s not without its share of conundrums, difficulties, and inconsistencies. Yes, tracking spending is problematic. Today’s Classic is republished from Physician on Fire. You can see the original here. Enjoy! You need a budget! No. No you don’t. OK, fine. But then you need to track your spending. Every […]
Here’s Journal Club 6-12-20! 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! In today’s economy, especially with the rise of COVID-19, many physicians are starting to get on board with the idea of […]
If you want to be rich, do what rich people do. The White Coat Investor shares a reasonable plan anyone can follow to get rich and stay that way on today’s classic. Today’s Classic is republished from White Coat Investor. You can see the original here. Enjoy! #1 Make a Lot of Money Get well […]
Every other week, I hold a JOURNAL CLUB. After manually filtering through the millions ofarticles out there on the web, I present a few that impacted my life this month. Here’s our Journal Club for the week, enjoy! For people who are thinking about financial independence and have considered investing into real estate, there’s a […]
Today’s guest on True Doctor Stories is the founder of WeathyDoc.Org who speaks about reaching financial independence and the ways it has benefitted his life. He works as a physician part-time, while blogging and prioritizing health, happiness and family. I’ve asked him to share about his journey, why he has decided to create this platform, […]
