Three little numbers. Those three little numbers can have a significant impact on your household finances in the early stages of your financial life cycle (when you become debt free and financially independent the impact these numbers have is lessened greatly). Interest rates, insurance policy premiums, even the ability to rent can […]
It comes as no shocker to most of my readers but becoming a doctor is an incredibly expensive process. There are two negative financial forces at play because of medical school. The first is that it typically creates a substantial financial burden to the medical student as tuition and boarding typically have […]
When my daughter was 11 years old she came up to me and said, “Why do I have to make my bed? I’m just going to mess it up when I sleep in it tonight.” Ahhhh. A chip off the old block. I too have thought of that excuse as a […]
I am going to let you in on a little secret: There is one asset that trumps all others, and I highly suggest you invest in it. Is it stocks? Is it bonds? Must be real estate, right? No to all of the above. The greatest asset I can think of and […]
As college and medical school tuition continues to rise exponentially, far outpacing inflation, it is no wonder that many newly minted physicians find themselves looking at seemingly insurmountable debt. It is at this point in time when you come to a financial fork in the road and have two options: You can let […]
As I am fast approaching the financial goals I set up for myself years ago, when I first decided to embark on my financial path to wealth, my thoughts have started turning towards the ability to leave a financial legacy for my heir(s). As a parent there is nothing I wish more than […]
In medicine, in order for a patient to know truly what choices they are making before undergoing a procedure, the physician explains the risks, benefits, and alternative options before getting an “informed consent.” The purpose behind this is to educate the patient to the point where they should be capable of making a […]
I know there was more than one occasion when the amount of debt I had seemed overwhelming, to the point where I felt financially paralyzed. [Although the highest official recorded debt I had was in 2009 topping in at almost $800k, I am pretty sure I was even worse off financially before my […]
“The difference between men and boys is the price of their toys.” ~ Doris Rowland In most households, the automobile is typically the second most expensive item purchased (with the purchase of a home taking the obvious top spot). Although it is just a contraption to technically get us from point A to […]
This is nothing earth-shattering but I believe, when given the choice, most individuals would jump at the opportunity for financial freedom. No one wants to be shackled to debt. No one wants to be on the wrong side of the lender-borrower equation. Financial freedom is just that, the freedom to live a […]
