I frequently hear people debating whether to pay off a home mortgage, which usually has a relatively low interest rate, or invest the money. Often the misguided answers to this question stem from only looking at the interest rate for the decision, as if it were the only valid variable. The following are the mistaken … Read more
Every week I find a few great articles I feel are especially valuable. Following are this week’s best. I hope you find them as useful as I did. This week’s favorites include why that mansion next door is ruining your life, what is it like to have “more than enough,” nine retirement myths, how buffers … Read more
(I have had many requests for places to store cash, such as your emergency fund, that would provide a decent interest rate. With recent interest rates so low, our cash has been sitting idle for years. Now that interest rate have begun to rise, there are institutions paying decent interest for cash savings accounts. I … Read more
Much of the financial blogosphere perpetuates the mistaken notion that it is never acceptable to buy a brand new car. They say all car purchases need to be used cars that are at least 2-3 years old. They are operating under the misguided notion that people should do everything the cheapest way possible. Can you … Read more
Every week I find a few great articles I feel are especially valuable. Following are this week’s best. I hope you find them as useful as I did. This week’s favorites include 25 ways to show your spouse respect, contract red flags, what doctors should know about emergency funds, debunking seven myths overheard in the … 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 where your wealth is slipping away, yes you need a secret savings account, proof that even … Read more
When I discuss living on half of one’s income, I’m almost always met with, “that would be impossible for me.” They say it as if it were a fact, that some outside source is preventing them from living on significantly less than they make. This outside source is somehow keeping them from saving a good … Read more
This weekend we celebrate Father’s Day. Fathers have the ability to provide great advantages for their children, who arrive in this world totally dependent on their parents. I appreciate all the things my father did for me and wrote about six lessons I learned from my dad in a previous father’s day message. A few … 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
I recently read a post where the writer stated something to the effect that no one was teaching financial information to doctors until just recently. That statement is absolutely not true. The real issues were most doctors were not seeking this information until just recently and those doctors who were looking thought the information had … Read more
