As more people move toward becoming debt free, there comes a time when they must choose which debt to pay off next. Often the last two debts are their home mortgage and the mortgage on a rental property. The home likely has a lower interest rate and is often the larger loan. The best way … Read more
I saw a recent conversation on social media where someone stated that he only had a few years left on his home mortgage, so there wasn’t much interest left to pay. Because of this he felt it was far better to pay out the mortgage as scheduled and invest his money for a higher return. … 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 tips to take control of your debt, calculating the right amount of retirement savings, Inspiring quotes … 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 emergency funds, falling in love with your EMR, how they got wealthy 130 years ago is … Read more
Most people don’t realize how easy it is to become debt free. Instead they envision a horrible drop in lifestyle and great sacrifices that include turning back the clock to medical school days where they were living on peanut butter and Top Raman. When in fact, no sacrifice is required to become debt free. All … Read more
Most Americans live their lives on borrowed money, constantly spending a little more than they make, leaving them with a growing debt. These debt payments, and the added interest they must pay on their debt, decreases the amount of money that they have available to spend on future needs. Paradoxically, borrowing to buy depreciating items, … Read more
(Today’s guest post comes from a very thankful reader. Her life was changed by reading my book, The Doctors Guide to Smart Career Alternatives and Retirement. She was kind enough to send me a thank you note and I asked if she would be willing to tell her story to all my readers. She agreed, … Read more
Today, I awoke to the news of a ceremony honoring those who lost their lives in the attack on the World Trade Center on 9/11/01. Most of us can remember where we were when we heard about this tragic event. I was awaken on that Tuesday morning by my clock radio announcing that an airplane … Read more
(Today’s guest post comes from Doug Adamson from Fulton Mortgage Company, an advertiser on my site. Doug helps doctors leverage their earning potential by getting doctor mortgages with low down payments and no mortgage insurance. I had always been opposed to adjustable rate mortgages, until he showed me this article. Now I can be convinced that … Read more
(Today‘s guest post comes to you from Travis Hornsby, CFA, founder of Student Loan Planner. Travis helps you navigate the landmines found in repaying student loans. I do have an affiliate link with Student Loan Planner.) How Does the “Dave Ramsey Method” Fare When Applied to Med School Loans? You might be a recent med … Read more
