April 15, 2021 First, Money Woes. 6 Years Later, Dementia Gayle Blanton, the blogger’s mother My 85-year-old mother is on top of her bills. She pays several of them online, which is impressive enough, and she knows which bill is due when. So, we should both take some comfort in the fact that she is not having difficulty managing her ...

Podcast #206 Show Notes: 10 Commandments for Financial Independence The White Coat Investor went up into the Mount and out of the burning bush came a finger which engraved on the stone tablets the following 10 commandments. Okay, the 10 commandments discussed in this episode are not quite as good as those that were given to Moses, but this is ...

With the popularity of cryptocurrency continuing to soar higher and higher, NFTs are another type of digital asset taking the world by storm. In March, a digital artist known as Beeple sold an NFT for a record $69 million, garnering a lot of attention and inspiring many people to quickly become far more familiar with NFTs. NFT stands for non-fungible ...

[Editor’s Note: Attention first-year US MD/DO/Dental students! Thursday, April 15 is the deadline to apply to be a White Coat Investor “Champion” for your medical or dental school class. Champions will pass out FREE copies of The White Coat Investor’s Guide for Students to classmates and get sweet WCI swag. Check here to see if your school is still available. Today’s ...

April 13, 2021 People Don’t Save for a Nursing Home Stay About 13 percent of the older people in a recent study – average age 74 – who were initially living independently moved into a nursing home within five years. Perhaps because they know their vulnerabilities, their expectations of whether they would one day need nursing home care helped predict ...

Paying attention to your taxes now AND your taxes later will give you the tax diversification and freedom you’ll want during retirement. A tax diversified portfolio should be made up of tax-deferred, Roth, and taxable accounts. Most doctors are aware of the importance of diversifying their portfolios among various “asset classes” such as stocks, bonds, and real estate (and within ...

You may be wondering what the best tech companies to invest in are and maybe even if you should have a part of your portfolio allocated specifically to tech stocks. As an index fund investor, you likely already own the best tech stocks, so before you double down on them, here’s what you’ll want to know. Lately, I have been ...

April 8, 2021 Women of Color Go into Construction Trades The annual pay for a plumber in Omaha, Nebraska, with three years of experience is around $55,000 a year, while a certified nursing assistant there earns $30,000. Or compare an electrician in the Phoenix area making $62,000 to $39,000 for a dental assistant. Recognizing that many of the occupations dominated ...

[Editor’s Note: Today’s WCI Network post by The Physician Philosopher discusses the relationship between income, spending, and happiness. YOLO applies both ways—yes, you may die young, but you also may live a long time and you only get one chance to not screw up your finances. The post also reminds me a bit of a quote by Abraham Lincoln – ...

Q. I Am Tired of Paying Taxes and I Hear There Are Tax-Free Investments Out There. What Are They, and Should I Use Them? Many physicians are heavily taxed, so it is no surprise you are looking for ways to invest that do not increase your tax burden. However, it is critical that you pay attention not just to the ...

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