[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 – ...

Long-term readers know that when we renovated our house last year I had the garage wired for electric car chargers. Well, my old Sequoia finally broke down (RIP) so we bit the bullet and got one. It is super fun to drive and the acceleration is unreal. The need came up all of a sudden at kind of a bad ...

[Editor’s Note: Today’s WCI Network post from The Physician Philosopher discusses some of the issues with what I like to call “retail therapy” and how to overcome it. For those who are not aware, Jimmy Turner at The Physician Philosopher is currently waitlisting for the Winter edition of Alpha Coaching, a physician life coaching service that also now offers some ...

[Today’s post by Peter Kim at Passive Income, MD discusses a concept we often refer to around here as Geoarbitrage. Usually when we say it, we mean moving somewhere that you will either get paid more or where it will cost you less to live. This, of course, speeds you along the way to financial independence. It can also mean ...

Some of the best financial advice ever given to me by a colleague is encompassed in these four words: “Live like a resident.”  Simple, yet profound.  There are really five pieces of advice encompassed in this short phrase. # 1 When You are a Resident, Don’t Live Like an Attending It appalls me to see someone taking out just as many ...

I spend a great deal of time on this site imparting knowledge.  You know, how the PSLF program works, how to do a backdoor Roth IRA, the best way to use an HSA and the like.  What I am not nearly as good at teaching, however, is something that is probably even more important.  For lack of a better term, ...

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