A misconception is running around the financial world, that great sacrifice and delayed gratification is required to reach financial independence. This is simply not true. The reason so many feel becoming financially independent is a sacrifice, is the misguided notion that spending anything less than all you earn is somehow a great sacrifice. If I … Read more
I used to ride bikes a lot. Back in my bicycle racing days I rode more than 3,000 miles a year. When my bicycle team disbanded and my kids went off to college, no one was pushing me to get out and ride. Over the next few years, I gained 35 pounds, lost my riding … Read more
We are all likely to be faced with deciding what to do with a financial windfall, and for many of us it may happen several times. For some it will be a small windfall like getting a tax refund you weren’t expecting or a yearend bonus. For others it could be a big windfall like … Read more
The Backdoor Roth IRA has become all the rage in the last few years. Almost every physician financial blogger is writing about how to get around the income limits imposed by the Roth IRA rules. This clever work around is called the Backdoor Roth IRA. But congress is contemplating ending the rules that make this … Read more
(Don’t miss my ESI Millionaire Interview 299) The fun things we do in life, such as hobbies and spending time with family and friends, are the things that help keep us mentally fit and happy. Yet when we get busy, these are the first things we eliminate from our schedule. It’s no wonder we burn out … Read more
(Today’s guest post comes to you from Fiona Smith, the founder of The Millennial Money Woman. She would like to share the following disclaimer: This article reflects my own views, ideas, and opinions. I am not an investment advisor and I always recommend you communicate with your accountant and financial advisor before investing.) If you’re … Read more
Match day is an exciting time in a medical student’s life. The results of that day set the wheels in motion for the outcome of the rest their life. For most students, the specialty they will practice has now been solidified. For others, they are about to take a fork it the road they did … Read more
I speak with physicians asking for coaching all the time who are at the end of their rope and don’t know what to do. They have completely ‘run out of gas’ and need help. As I was pondering this problem I got an email from my friend Kirk Duncan, who is a coach’s coach. As … Read more
I have previously written about the joys of RVing. We have been using our motorhome for almost three decades now and we are on our third rig. It has been the source of many great memories for our family and a very pleasant way to travel. We are currently on our third snow birding trip … Read more
I am amazed at some of the comments I get from people seeking financial advice. Often, they are asking for the secret to financial success. “What do I need to do to become wealthy?” This is frequently asked while searching for something magical they can do to improve their financial wellbeing without having to change … Read more
