(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
Seven Reasons Real Estate is a Better Investment Than Stocks I’ve now almost entered my fourth decade of investing in both real estate and the stock market. It’s easy for me to see which one has far outperformed the other. It is not even a close race. When I read about the two compared side … Read more
Predators who wish to shovel money from your pocket to theirs are everywhere. Some are using outright illegal scams, such as the letter informing you of the $10M you have inherited from a long lost relative in Nigeria. Others use means that are not technically illegal but are very shady. The following are two such … Read more
(Today’s guest post comes to us from Emma Jones, whose father was a physician and knows first-hand the importance of busy professionals dealing with debt and has a keen understanding of effective strategies for debt elimination. Her expertise in personal finance has empowered countless individuals to regain control of their financial futures.) Looking at my … 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
(Today’s guest post comes from Angela Petteys. I recently had this very issue in my life and ended up making renovations.) When you purchased your home, you likely bought it because it worked well for a specific need you had. Maybe it was a comfortable size for you and your family, near parks and good … 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.) The daily tasks and responsibilities of a doctor are challenging and can frequently involve a wide range of patients and functions, including many of the administrative aspect of running … Read more
“When can I begin to splurge on my dreams?” This is an almost universal question that comes to mind as soon as we start earning a living. As such, it is one of the first things we address during my Total Financial Makeover Coaching Program: Dreams and Goals. If your financial planning is not heading … Read more
There is a lot of buzz about real estate investors attaining real estate professional status (REPS). The only reason to get REPS is to be able to use your real estate depreciation losses sooner than you would otherwise. It does not generate “new” losses to write off. It only allows one to use their losses … Read more
