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Ending 7 Years of Budgeting

I started budgeting in 2012 when I first found the YNAB software. It was a life changer. I had no clue how much I was spending every month until I could track it and plan out my spending. After 7 years, I’m bring my budgeting to an end. Just last month, January 2020, I decided […]

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20-Day Financial Makeover

Transforming Your Financial Life Here is the milder version of my financial makeover plan for a physician. The radical version can be found on this page. To me, it’s all about freedom. Yes, it’s a sacrifice but it doesn’t mean that you have to suffer. I retired in my late 30’s from medicine and moved […]

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Retiring On Less Than $1M

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 […]

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Cash Flow From Assets

Knowing how to calculate your net worth is important. Not always pleasant because of all of the debt we often carry but measuring it is the first step towards growing it. Even more important than the value of your assets is their cash flow. How much your investments can earn you is more important than […]

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Starting From Zero – Rebuilding Wealth

To address my financial fears I sometimes do a little mental exercise and figure out how I would get back to a healthy net worth if I had to start from zero financially. I imagine myself with no investments and no savings – a net worth of zero.   Starting from Zero – Rebuilding my […]