[Editor’s Note: Today’s guest post is written by D.K. Unger with DI4MDS. DI4MDS  is an advertiser on the site and has contributed posts on the topic of disability insurance for active-duty military in the past.] Reservists who require an income to achieve their financial goals have the same need for disability insurance until retirement. All reservists can apply for an ...

[Editor’s Note: Don’t forget that tomorrow, Sunday, April 4th is the last day to purchase Zero To Freedom Through Cashflowing Rentals!  Join this session, and we will send you a signed copy of my book, The White Coat Investor’s Financial Boot Camp, as well as free access to our Physician Wellness and Financial Literacy Conference – Park City – a $299 value. ...

Episode #202 Show Notes: Working Together with Your Partner, with Mrs. WCI Managing finances with your partner can be challenging but it is hard to be successful if you don’t learn to do it well. In this episode, I discuss with Mrs. WCI how we have learned to work together to strengthen our relationship and our finances through the long ...

Podcast #201 Show Notes: When to Rent vs Buy a Home It is that time of year again when many doctors start asking, should I keep renting or buy a home? Truthfully many are asking, how can I get someone to loan me money for a home right now? But what we wish they were asking is, should I buy ...

[Editor’s Note: Today’s post is from Passive Income MD. You’ve heard of people making a killing with AirBNBs and VRBOs, but it’s also entirely possible to have a bad return on your time and money with short term rentals. With short term rentals you’re not in the landlording business, you’re in the hotel business. As many people discovered during the ...

March 4, 2021 Federal Minimum Wage is 40% Below 1968 Largely missing from the debate about raising the federal minimum wage is how much its value has eroded over the past 50 years. The current federal minimum is $7.25 an hour. If the 1968 wage were converted to today’s dollars, it would be worth about $12 an hour. At $7.25 ...

February 25, 2021 Diverse Population Uses Nursing Homes Less Since the 1980s, the share of the U.S. population over 65 has grown steadily. At the same time, the share of low-income older people living in nursing homes has declined sharply. New research by the University of Wisconsin’s Mary Hamman finds that this trend is, to some extent, being driven by ...

[Editor’s Note: The 2021 Physician Wellness and Financial Literacy Conference AKA WCICON21 will be LIVE next week March 4-6! There’s still time to register for this exciting interactive virtual event with nearly a thousand attendees participating in live Q&A sessions, panel discussions, chats, and meet-ups. We have fantastic prizes ready to give away — from Amazon gift cards and iPads ...

Just as diversification in your portfolio is valuable, so is receiving income from uncorrelated, multiple streams of income.  Physicians, unfortunately, might be some of the worst players when it comes to diversifying income. Some streams are more passive than others, but they are all useful, especially in times when something happens to an individual doctor’s income or, as we saw ...

Podcast #198 Show Notes: Where to Save $100K for Private Real Estate The better real estate investments, at least the passive ones, are the private real estate funds. Unfortunately, they generally have higher minimum investments ranging from $50K to a million dollars. Obviously, if you have to spend time saving up for those investments you want to have a decent ...

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