financial planning Archives - Passive Income MD

Displaying 10 Posts categorized under financial planning

Avoid These Top 5 Financial Mistakes for Smart Money Management in 2023

No one likes making mistakes, especially when they can be costly. I know that you likely share my perfectionist tendencies and are often averse to taking risks. As physicians, we are trained to carefully consider the risk-benefit ratio before making any decision because we know the consequences of making a costly mistake. While mistakes are […]

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Journal Club 01-13-23

Here’s Journal Club 01-13-23! 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! Read any interesting articles? We’d love it if you could please take a moment to share them in the comments below! […]

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How to Access Your Retirement Money When Retiring Early

Congratulations on saving enough money to retire early. Here’s how to access your money before age 59½ without paying a 10% penalty. PIMD welcomes Physician On Fire as our guest post. POF is a personal finance website created to inform and inspire both physicians and our patients with insightful writing from a physician who has attained […]

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Come On, Get Happy: Money Lessons from the World Happiness Report

The annual World Happiness Report is loaded with insights on life satisfaction. Learn what makes others happier and how to apply these lessons to your own life. PIMD welcomes Physician On Fire as our guest post. POF is a personal finance website created to inform and inspire both physicians and our patients with insightful writing from […]

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The 6 Financial Planning Items You Should Do As a Medical Resident

The 6 Financial Planning Items You Should Do As a Medical Resident

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. Today’s Classic is republished from White Coat Investor. You can see the original here. Enjoy! Residents are busy folks. Their time is consumed with clinical work, clinical learning, […]

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End of Year Financial Checklist for High Earners

End of Year Financial Checklist for High Earners

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 […]

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Journal Club 6/25/19

Journal Club 6-25-19

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! Not surprisingly, we know that physicians are notoriously not very good with money. Reasons being that […]

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Financial Mistakes It (Mis)takes One To Know One

Financial Mistakes: It (Mis)takes One To Know One

Perfection is the enemy of progress. At least that’s what’s said by those who know the reality of making mistakes. Just because society hides behind the façade of flawlessness, it doesn’t mean that we have to give in to the temptation. The same goes with money says, The Physician Philosopher. Today’s Classic is republished from […]

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hobby, investments, physician

Hobbies That Pay Off

As you’re well aware, I’m all about side hustles. Some are borne out of passion or are hobbies, and some are strictly business for the purposes of creating additional income streams. Sometimes, current hobbies can actually create additional income and you may not be aware of it. Today’s Classic is republished from the White Coat […]

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Why Many Doctors Live Paycheck to Paycheck

I was having a discussion with a colleague recently, and the conversation eventually  turned toward finances. He informed me that if his home refinance didn’t go through, he would have difficulty making his house payment next month. Needless to say, this was weighing heavily on his mind, and he was visibly stressed. I sympathized with […]

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