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: financial independence
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 […]
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80% Savings Rates
Mainstream personal finance advice is to save somewhere around 10-20% of your income. It’s advice based on the median household which earns somewhere around $60,000. The math works out so that you retire sometime around age 65. That’s when you get a little Social Security and can access Medicare. If this $60k household pays $10k […]
I bought my first stock as an investment in 2001. I don’t recall the name of the company, nor which trading platform I used. The strategy was to invest in whatever came across my computer screen at the time in order to grow a tiny amount into a massive sum. My immature investment strategies have […]