Retirement

expenses Retirement 

Investments Most Doctors Get Wrong, Including Myself

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Hindsight is always 20/20. I remember graduating from residency, starting this blog, and really trying to minimize investments that I got wrong. While I was not perfect, I would like to highlight mistakes that most doctors make. Some of these mistakes listed below are from personal experience.

Many of the reasons might not be as obvious as you think. Yes, we all know it is not a good idea to go out and buy a new speedboat right away.… Read the rest

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life you want
personal finance Retirement 

Build The Life You Want, Not The Bank Account You Want

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It’s easy to lose sight of the big picture with investing. While building investment portfolios, sometimes it’s easy to forget to build the life you want, not the bank account you want. Like many others, I love reading other blogs focused on early retirement, financial independence, or frugal living. In fact, I enjoy it so much that I started this website to help others with personal finance and investing.… Read the rest

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making more money in private practice
Practicing physician Retirement 

Abandoning Academic Medicine For Private Practice

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It’s no secret that physicians in private practice often times make more money than their colleagues in academic medicine. For hospitalist, the difference in pay can be greater than $100,000 a year! However, taking a job in academia is not all about income. There are many benefits that academic medicine gives to doctors that private practice jobs can fall short on.… Read the rest

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Retirement 

401k Fees Really Do Add Up To Big Bucks

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Now that I have my first attending job outside of residency, its time to set up my first 401k. I opted not to create one during residency which I discussed in my post about my retirement mistake during training. No need to dwell on the past, I’ve already learned from it and moved on. Looking forward, I plan to take full advantage of tax deferred accounts which means I will max them all out this year.… Read the rest

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Retirement 

Lessons From My Brother Who Retired Early

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Ask any physician why they went into medicine and I would bet that would you get a response that did not include becoming wealthy. Its possible to still have an excellent quality of life as a physician, but to amass amazing amounts of wealth at an early age (<40) is nearly impossible. This is mostly due to how training takes a decade or more of a physicians times.… Read the rest

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Debt Retirement 

My Retirement Mistake In Residency

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Retirement is something that, for the average resident, is rarely on their mind unless someone takes a special interest in personal finance and investing. On day one of residency new residents are often more concerned with student loans and preforming well during ones training than saving for retirement. My orientation included a week of lectures, some more interesting than others. One hour of these lecture was filled discussing retirement.… Read the rest

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