Ok, before this post devolves into something sexual (a la, “That’s What She Said”), let me explain. I apologize to the non-physician viewers who have not likely witnessed the following scenario firsthand, but I will try to explain so that everyone might be on the same page. One of the great teaching experiences in […]
Sure we all know of Warren Buffet, the “Oracle of Omaha” and perhaps others such as Benjamin Graham, George Soros, or, someone every index investor should owe a deep debt of gratitude to, Jack Bogle (who founded the Vanguard Investing Group). True these investors are definitely far superior to the average investor dipping his […]
Many individuals who are on the Financial Independence/Retire Early path have had the mantra of keeping expenses as low as possible ingrained into their very fabric. The basis point has indeed been the basis for many investors to turn to index funds and DIY investing. Every basis point you can eliminate from your expense […]
What do you suppose is the least valuable dollar out there? I’m not talking about currency valuations based on various national economies. No I am asking on a more personal level. What do you think your least valuable dollar is? Give up? The least valuable dollar you have is the very last dollar you […]
As physicians, we have spent countless hours gaining knowledge in how the human body progresses throughout its life cycle, from birth to death. There are expected milestones to be achieved during our early development as well as certain expected declines with advancing age. There are various stages in an individual’s personal finance that can also […]
Physicians, as a whole, tend to be quite altruistic, putting others ahead of themselves often. Ensuring the financial well being of your loved ones in case something happens to you scores very high on the altruistic scale in my opinion. We all know that if we have loved ones who depend on us financially […]
Webster’s dictionary defines Arbitrage as: The nearly simultaneous purchase and sale of securities or foreign exchange in different markets in order to profit from price discrepancies. The purchase of the stock of a takeover target especially with a view to selling it profitably to the raider. The financial blog community has cleverly […]
Let’s face it. Money is money. Yet there is one type of money that brings a smile to my face more than any other: Money gained from Passive Income. Passive income, as touched on in my Become A Capitalist Not A Laborer and The Capitalist Snowball posts, is a self-sufficient income stream that no longer […]
In 2008-2009 Bernie Madoff made headlines throughout the financial world when his wealth management business, Bernard L. Madoff, Investment Securities, LLC was discovered to have defrauded investors of billions and billions of dollars (estimates ranged from 18 billion to as high as 65 billion dollars, although $20 billion dollars stolen appears to be closer […]
We have all heard that specialists in the medical field typically earn more than the generalists (a wage gap). According to the 2018 Medscape Physician Compensation Report the varying compensations are as follows: A typical generalist residency (such as pediatrics or internal medicine) is 3 years in length. Residency training in the medical specialties […]
