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 […]
Does incorporating really make sense in order to decrease liability and taxes for physicians? The White Coat Investor breaks this down for us on today’s classic. Today’s Classic is republished from White Coat Investor. You can see the original here. Enjoy! From time to time I hear doctors talk about incorporating in order to decrease […]
Last October, we held our very first in-person conference – Financial Freedom Through Investing in Real Estate. I attended 10 conferences in 2019 and I found myself so energized and inspired after each one. I wanted to create that same opportunity for physicians & other high income professionals, specifically when it came to learning about […]
“It’s not what you earn, it’s what you keep.” We’ve all heard this saying before. Well, it’s absolutely true, you can’t invest or spend what never makes it to your bank account. Turns out one of the best ways to make sure you have more in your pocket at the end of the day is […]
[PIMD: Quick thanks to Paul Sundin, CPA who was gracious enough to review some of the numbers in this post with me.] The recently passed Tax Cuts and Jobs Act is controversial to say the least. However you feel about it though, the fact is it’s here to stay, affecting everyone by 2018. We’ve already […]
This post is inspired by the recent events plaguing Houston. If you’re feeling inspired, please consider donating to one of the organizations here. “Tax-deductible donation.” I’ve heard and seen that phrase used in so many places and had always glossed over it. Up until 6 years ago, the term actually meant nothing to me. That’s […]
The dreaded capital gains tax. Just hearing those words strikes fear into the heart of many investors. You work hard to sell a property or finally profit on an investment and Uncle Sam swoops in for his cut. It’s unfortunate, but you can’t avoid it. … Or can you? 1031 Exchange Well, I’d like to […]
Key points: Here are 5 legal ways to lower your tax bill: Tax deferred retirement savings Have self-employeed deductions Give to charity Have a family Work less Read the full article here: Top 5 Ways to Lower Your Tax Bill
This is an interesting time of year as soon-to-be graduates of residency and fellowship programs start focusing on securing their “dream” jobs. I remember my residency classmates (what seems like so long ago) interviewing all over the country and something that always seemed to come up (besides salary and call duties) was whether the state […]
I don’t pretend to be a political writer, there are much smarter people than I am who are doing a fantastic job talking about the social aspects of a new term under Mr. Trump. However, I am interested in exploring here how physicians might be impacted financially by his presidency. Understand that most of […]
