It’s that time of year again. Over 30,000 medical residents are about to finish their training and start their first job. Many of them will make some big financial mistakes during their first year that will haunt them for years to come. I wrote The Doctors Guide to Starting Your Practice Right to help new … Read more
Last summer I wrote an article including the benefits of paying off low interest loans titled, You Should Pay Off That 3% Home Mortgage. I was surprised that many people totally missed the main point of the article; we must not have tunnel vision when making decisions. Many of us make decisions using only one … Read more
A few months ago, a friend asked me if my wife and I would like to take Financial Peace University; a nine-week small group study to help families get their personal finances in order, developed by Dave Ramsey. My friend knew we had already spent a decade teaching another similar course, Crown Financial Ministries, and … Read more
(Want to meet me in person and attend my live lectures? Please join me at the White Coat Investor’s Financial Literacy and Wellness Conference, February 5-8, 2024, in Orlando, Florida. I will be giving two lectures at this amazing conference where I have spoken multiple times in the past. One lecture on Regaining the Joy of … Read more
Christmas is the time we celebrate the birth of Jesus. Whether you are a Christian or not, following the concepts taught in the Bible will have a profound effect on your life. The first four books of the New Testament are called the gospels. These books record the life, death, and resurrection of Jesus, with … Read more
As another year comes to a close, there are a few tasks we should all consider completing before the end of December. Thanksgiving is my usual reminder to check up on everything before the year ends while I still have time to act. Some of the things on this list have penalties assessed if they … Read more
(Want to meet me in person or attend my lectures? Join me at the White Coat Investor’s Financial Literacy and Wellness Conference, February 5-8, 2024 in Orlando, Florida. I will be giving two lectures at this amazing conference where I have been a speaker multiple times in the past. If you have some of my … Read more
(Today’s guest post come to you from David Rosenstrock, who is a certified financial planner with an MBA and the Founder of Wharton Wealth Planning, LLC.) On average, it takes 10 to 14 years to become a fully licensed and trained physician. During this period, very little—if any time—is dedicated to topics related to personal … Read more
Many people are under the impression that financial independence (FI) is a number or a destination. For example, once I have a net worth of ‘X’, I will be FI and life will begin. I encountered this attitude during a dinner conversation I had at a conference last weekend with a doctor who is two … Read more
With interest rates going back up, many people are mistakenly thinking these new rates are high. The incredible run of low interest rates that we have grown accustomed to are now back in their normal range. When I bought my first house, interest was at 7% and no one was complaining it was high. But … Read more
