More than ever I want to insist on the importance of finance freedom for physicians. FF is a term I first came across from a personal finance guru by the name of Joshua Sheats. Time and time again, financial freedom is what’s allowed me to have more career options in medicine. I always assumed that […]
Tag: early retirement
A Radical Financial Makeover Yesterday I published a 20-day guideline for physicians who want to rein in their finances. It was rather benign. I have revised it to make it a little more radical. For anyone who has truly committed themselves to a goal or process, they know that it rarely feels like a sacrifice. It’s […]
There are so many ways to build a successful retirement from our medical profession. Regardless of our choice of flavor, cash flow in retirement is perhaps the most important aspect to consider. V. 1 The first version of retirement I ever contemplated was an age problem. As in, once I reach the appropriate age I […]
Many financial advisors and fellow physicians say that retiring on less then $1m is impossible. In fact, The number I often hear is somewhere in the $3-5m range. You hear $5,000,000 and you start picking your nose, staring off into space. It’s hard to wrap the mind around that much money. Most of us feel […]
Imagine this scenario: you have diligently saved and invested and are counting down the days to your 2022 retirement. 2 years into your retirement the economy tanks majorly. You are no longer employed and don’t have any other income sources. You were expecting to draw down 4% every year from your portfolio and could have […]