At some point in our lives we’ll be earning the majority of our income from our investments, not from our jobs. For most this will be in the 6th or 7th decade of life. You go from earning $140/hour seeing patients to earning nearly $1,000/hour managing your investments. Hourly Rate of Income A portfolio which […]
It’s good to know some safe financial assumptions when it comes to personal finances so that we can plan for our own economic stability. Here is a list of safe financial assumptions for a medical professional in the US economy.
Recognizing And Safeguarding Against A Fragile Personal Financial Structure In the past when I had a low checking account balance I would freak out a bit, I’d get that sinking feeling in my stomach. There would be times when I didn’t know what bills were going to come in, there were just too many to […]
I realized that I haven’t reported what funds I’m actually investing my money in. I think it would be helpful in case you want to compare my investment strategy to another one you’re considering. Let’s start with my bond investments. I realize there is an impending concern with the value of bonds and potentially soon-to-rise […]
Using Simple Math To Make Sense of Your Finances The Math Multiply your monthly cell phone bills (i.e. $60/mo) by a factor of $836 and you get $50,160. Multiply your car lease payment (i.e. $545/mo) by $836 and you get $455,620. Multiply your mortgage (i.e. $3,300/mo) by $836 and you get $2,758,800. The […]