(The photo with this article is the view I have as I write this from a timeshare resort in Escondido, California. I couldn’t travel as much if I was still working.) I’m a physician who retired from medicine early, based on most people’s thinking. But at what age is retirement early? The Social Security department … Read more
Debt is a very touchy subject. Some people think there is such a thing as “good” debt. Then there are others who mistakenly think they will become wealthy by hanging onto their 3% loan as long as possible. And still others can’t tell the difference between being able to afford a car vs being able … Read more
Every time I speak or write about retiring at age 54, someone feels the need to tell me “I could have done that too if I was a Specialist like you. I’m just a pediatrician.” Or they are one of the other specialties that tends to rank lower in income than general surgeons. The implication … 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
(The $0.99 introductory price on my new best-selling book ends today. Don’t miss out!) Many people have told me they want to get rid of their timeshare because they don’t like paying the maintenance fees. When I hear this, I want to shout out to them DON’T GET RID OF YOUR GOLDEN GOOSE! If one … Read more
(Don’t forget to get your copy of A Guide to Loving Your Timeshare tomorrow at launch prices.) 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 what to do since you can’t … 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 a new study showing how much exercise we really need, the FIRE community’s greatest flaw, when it’s better to choose Roth accounts, why … 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 the best way to exercise for optimal health, what if you retire at the worst possible time (like now), super tips for vacationing … 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
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
