(Want to meet me in person or attend my lectures? Join me at the White Coat Investor’s Financial Literacy and Wellness Conference, February 5-8, 2024 in Orlando, Florida. I will be giving two lectures at this amazing conference where I have been a speaker multiple times in the past. If you have some of my … 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
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
(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
There was a time in the not too distant past when retirement was not an option. People literally worked until they died. In 1935 President Franklin D. Roosevelt signed the Social Security Act. From that day forward, the US government helped Americans retire, but this help came with strings attached. These strings were anchored around … Read more
As I encounter information I feel is especially valuable I like to pass it on to my readers. Following are a few recent gems I discovered. I hope you find them as useful as I did. This episode of Fawcett’s Favorites includes a great new physician financial book, comparing what those who are about to … Read more
As I encounter information I feel is especially valuable I like to pass it on to my readers. Following are a few examples of some recent gems. I hope you find them as useful as I did. This episode of Fawcett’s Favorites includes many physicians wasting their vacation time, everyone should be maxing out their … Read more
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
