Menu

The Path to MD/MBA

The combination of an MD degree with an MBA degree can be very powerful, but there are a number of ways and career points where the degree can be obtained. The time and expenses required are significant, so be sure you are doing it for a good reason.

Read on »

What You Need To Know About Roboadvisors

Concerned about the effect of fees on your portfolio growth but also not willing to be a 100% Do-It-Yourselfer when it comes to investment management? A robo-advisor may be just what the doctor ordered. In this post, I review the various Roboadvisors on the market, along with their strengths and weaknesses so you can make a decision about whether this option is right for you.

Read on »

10 Reasons Why Residents Shouldn’t Buy A House

Graduating medical students (and especially their spouses) have a strange, burning desire to buy a house so their friends, family, and psyche will feel like they've finally made it. If they're smart, they'll curb it. Buying a house in residency is a huge gamble of your time and money at a period of life when you have little of either.

Read on »

Student Loans vs Investing

One of the most common questions and debates among blog readers is what to do with excess income- pay down debt or invest. There are a lot of considerations that go into this question, and there isn't necessarily a right answer for any given person at any given time. Read these guidelines to help you make your decision.

Read on »

Meditation on the Enclosure

The X Factor

Financial knowledge isn't enough. Without the X Factor, you'll never reach financial success. Motivation breeds hard work and discipline, which in turn breed wealth.

Read on »

150 Portfolios Better Than Yours

As investors move from their investment childhood through the teenage years, many of them seem to almost become fixated on designing the perfect portfolio. They've learned the importance of buy and hold, the importance of keeping costs low, and the importance of using passive investments over active ones. But investing is far more about sticking with a good enough portfolio than continually searching for the perfect one. Chances are, these 150 portfolios are all better than yours. Pick one and stick with it.

Read on »

Backdoor Roth IRA Tutorial

I'm still getting frequent questions on how to do a Backdoor Roth IRA. So I thought I'd put together a basic, step by step, tutorial people can refer to when they do this. Most physicians should be using a personal and spousal Backdoor Roth IRA. That means contributing to a non-deductible traditional IRA, then converting it to a Roth IRA. Beware the pro-rata rule, however.

Read on »

Live Like A Resident

The secret to becoming a wealthy physician is contained in these four words: "Live Like A Resident." If you're earning like an attending, but spending like a resident, you will become very wealthy, very fast.

Read on »

The Perfect Financial Advisor

My mantra with financial advice is "Good advice at a fair price." There are plenty of good financial advisors out there, but they're badly outnumbered, and by the time you know how to recognize one, you may know enough that you no longer need him. This post explains what the perfect advisor looks like, but you won't find him, probably because he doesn't exist. You may, however, find one that is good enough and offering his service at a fair price.

Read on »

Sign up for our newsletter!

If you haven’t yet signed up for the FREE monthly newsletter and regular blog updates by email, here is where you may do so. You can cancel or change your preferences at any time and I won't spam you.

Founder’s Message

Notifications Mark all as read  |  Clear