Becoming financially literate means acquiring a very useful body of knowledge. Possessing this body of knowledge is such a rare phenomenon in today’s world that having it, especially when combined with some financial discipline, is like a superpower. When I speak, I frequently demonstrate the importance of financial literacy with a section of the talk entitled “Numbers You Should Know”. ...

Burnout is a big risk to your finances. Your fastest path to cash is as a board-certified doctor. We want you to be happily practicing medicine for as long as you would like. Our guest in this episode is Dr. Dike Drummond The Happy MD. He has spent the last 20 years coaching and training physicians on the prevention and ...

With all of the different headlines, click bait, and hype surrounding cryptocurrency, it can be tough for a newcomer to figure out what’s actually going on. We routinely hear questions from our readers regarding how to invest in Bitcoin—and more importantly whether or not they should invest in Bitcoin. Our goal here is to silence the chatter and shed some ...

When I started investing in the last 90s/early 2000s there were no investment apps to take advantage of. I had a Vanguard account, paid gobs of money for trades, and basically kept all my money in various mutual funds. Back then, you didn’t have much of a choice. Trading commissions were expensive and Vanguard let me buy and sell mutual ...

Are you looking to open a new brokerage account to manage your portfolio of investments but aren’t sure which one? Many online investment platforms compete for business by offering new account promotions based on the assets you can transfer to their platform. While promotions shouldn’t be the only consideration, these promotion/bonus amounts are too hard to look past. There are ...

[Editor’s Note: Register for WCICON21 before Monday, Jan. 11 to receive the FREE swag bag ($100 value) mailed to your door! Our conference kit has always been top-notch (and heavy!) but this year, in addition to receiving books from speakers and sponsor swag, you’ll get the first-ever WCI t-shirt! Join us on March 4-6 for all of the excitement of ...

You need to prioritize your financial goals in order to answer the most common questions directed at bloggers and financial professionals. I am inundated with questions such as: As a young physician who graduated last year, I’m trying to decide if I should prioritize completely paying off my very large student loan debt ($400k @ 4.5%) or if I should ...

Podcast #192 Show Notes: Is Your Financial Plan Reasonable? We often tell people having a written investing plan is crucial to their financial success. That requires that the investing plan first be reasonable. There are lots of portfolios out there that simply are not reasonable. That was the point behind my famous 150 Portfolios Better than Yours post. There is ...

[Editor’s Note: Today’s guest post was submitted by a long-time physician reader who wishes to remain anonymous. The decision to retire early is never an easy one. Here’s an inside look at the decision process. It’s particularly fun to have a longitudinal “study” of an individual white coat investor as it provides “the rest of the story”. We have no ...

Some investments are available to anyone, but others are available only to doctors. Given the late, usually heavily indebted, start they have to their professional and investment careers, they should take advantage of as many of these as possible to speed their journey to financial success.   7 Top Investments for Physicians and Dentists Each of these are productive, minimally ...

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