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 more money won’t lead to financial independence, hiking skills every walker needs, the main causes of overspending, snapshot of a life five … Read more
(Don’t forget to get your tickets to the PIMD Real Estate Conference coming in September. I hope to meet many of you in person, or you can stay home and enjoy the conference virtually.) It’s no secret that I believe investment real estate is the single best investment anyone can make. The second best is … Read more
Many people are unhappy with their job. For many of them it shows up as burnout. Others just don’t like what they do and want to do something else. This unhappiness has sparked the recent popularity of side gigs: Something you do other than your main job to make extra money to eventually leave your … Read more
On Memorial Day we salute the men and women who have paid the ultimate price to defend our freedom. I would also like to say to their family members, I’m sorry for your loss. Thanks to all who have served our country. I am truly grateful for your service. Every week I find a few … Read more
A misconception is running around the financial world, that great sacrifice and delayed gratification is required to reach financial independence. This is simply not true. The reason so many feel becoming financially independent is a sacrifice, is the misguided notion that spending anything less than all you earn is somehow a great sacrifice. If I … 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 six reasons high earners don’t get rich, how much can I safely take out of my retirement plan each year, 13 important money … Read more
The Backdoor Roth IRA has become all the rage in the last few years. Almost every physician financial blogger is writing about how to get around the income limits imposed by the Roth IRA rules. This clever work around is called the Backdoor Roth IRA. But congress is contemplating ending the rules that make this … Read more
(Today’s guest post comes to you from Fiona Smith, the founder of The Millennial Money Woman. She would like to share the following disclaimer: This article reflects my own views, ideas, and opinions. I am not an investment advisor and I always recommend you communicate with your accountant and financial advisor before investing.) If you’re … Read more
I am amazed at some of the comments I get from people seeking financial advice. Often, they are asking for the secret to financial success. “What do I need to do to become wealthy?” This is frequently asked while searching for something magical they can do to improve their financial wellbeing without having to change … Read more
I recently gave a lecture in which I asked the question, “Do You Choose Money Over Family?” Of course, everyone would answer with a resounding no. No one would ever admit to choosing money over family. Yet isn’t that exactly what we do when we choose to moonlight? Or work extra shifts? That statement will … Read more