For those of you who don’t feel comfortable investing in the market or don’t know where to invest your money, here are some good questions to start with. Come up a yes/no/meh answer after reading the question. If you can’t answer it, it might be worth researching the topic a little. The money we earn […]
Tag: retirement
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 […]
According to bls.gov, the average one-person household retiree spending is just under $17,000 per year. This would be someone over the age of 65 and it includes food, clothing, and shelter. With all spending categories included, the average retiree spends around $31,000 per year. That’s $2,583/month. My first question was, what’s the quality of life […]
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 […]
I gotta give my mom credit, she tried to get me to set some money aside starting at age 18. She opened a mutual fund savings account for me and contributed $50 every month to it. Some time towards the end of college I raided the account, never realizing what I did to the potential […]