Everyone is using the 4% rule wrong

Most people who are saving for retirement are familiar with the 4% rule. According to this rule, proposed by William P. Bengen in 1994, and later confirmed by Trinity University in 1998, you can withdraw 4% of your retirement assets the first year of retirement and then increase your withdrawal for inflation each year thereafter. … Read more

A Million Dollar Ski Boat Mistake

Forums and Facebook groups abound with a frequently asked question that sounds something like this: “Should we sell our positive cash flow rental to buy (insert fun new toy) so we don’t have to attain a loan?”  When someone wants to buy a new car, boat, or motorhome but they have learned that buying toys … Read more

The Incredible Power of Real Estate Investing

A happy reader of The Doctors Guide to Real Estate Investing for Busy Professionals recently wrote me and asked a question regarding the value of his recent real estate investment purchase. I stated in the book to use the property’s cash flow as the main factor in deciding if an investment was worth making. After … Read more

A Closer Look at Fee Only Financial Advisors

(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

Calculating the Optimal Down Payment for an Investment Property

In my recent book, The Doctors Guide to Real Estate Investing for Busy Professionals, I give a detailed explanation about how I was able to buy investment property with no money down. Questions came up about what is the optimum down payment for an investment property.  Since my goal in acquiring property was to put it into my portfolio for the least acquisition cost, I didn’t calculate its optimal down … Read more