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

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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Abandoning Academic Medicine For Private Practice

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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Website Review: Hello Money To Compare Investments

Investors enjoy looking forward to future gains. The past can have little to do with predicting the future. However, it’s fun to play with some statistics to see how a portfolio would have fared in previous boom or bust cycles. A website aims to put a little perspective on portfolios. For investor, I find it interesting to see how a portfolio would have fared in a boom or bust cycle.… Read the rest

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401k Fees Really Do Add Up To Big Bucks

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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Lessons From My Brother Who Retired Early

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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My Retirement Mistake In Residency

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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