The amount you spend on your house is possibly the most important factor in achieving financial independence and happiness in life. Overspending on the house will leave you with such a big housing bill that you will not have enough money to do all the other things you want to do. This mistake can take … Read more
Feeling like they have not saved enough for a comfortable retirement is a common theme with my financial makeover coaching clients. If this is what you are feeling, you are not alone. It doesn’t matter if you make $100,000 or $800,000 a year, saving for retirement is a deliberate move. If you don’t make the … Read more
People are surprised when they learn we have maintained a debt free household for the last twenty years. For many, they realize for the first time, that being debt free is possible. Others think they could never become debt free as their total debt seems overwhelming. When we first heard the concept of living debt … Read more
I attended medical school on a Navy scholarship. One of their requirements was to be on active-duty for six weeks every year. I was a flight surgeon at Camp Pendleton in Southern California for one of those stents. Many days I walked into the flight briefing room to look at the assignment board. On that … Read more
Each week I run into a few articles that I feel are especially valuable. Every Monday I would like to share some of the best with you, my readers. I hope you find them helpful. This week’s favorites include investing for seven generations, are real estate tax advantages going away under Biden, why good savers … Read more
Each week I run into a few articles that I feel are especially valuable. Every Monday I would like to share some of the best with you, my readers. I hope you find them helpful. This week’s favorites include teaching kids to invest, budgeting myths that hurt your finances, seven daily habits that create wealth, … Read more
Many people want to do more traveling when they retire. In fact, travel is one of the main reasons stated for wanting to retire. Unfortunately, most people are not sure how travel will affect their retirement budget. Knowing this number is a key variable in calculating when you have enough saved to retire in the … Read more
Every week I run into a few articles that I feel are especially valuable, and every Monday I would like to share some of the best with you, my readers. I hope you find them helpful. This week’s favorites include the twelve factors driving physician burnout, how to get date night into your busy schedule, … Read more
(Today’s guest post comes from my friend Ryan Inman of Physician Wealth Services. You may know him from his Financial Residency Podcast. There are two types of fee only financial advisors: Flat Fee and Assets Under Management. My preference is for the flat fee advisor, and Ryan is one of those. If you need to … Read more
Every week I run into a few articles that I feel are especially valuable, so each Monday I plan to share some of the best with you, my readers. I hope you find them helpful. This week’s favorites include the lessons from Rich Dad Poor Dad, tips to finding contentment, seven painful investment mistakes, yes … Read more