Often we search for the One Right Answer, something for which we can be forgiven, even if the reality is there is no single correct way to manage your finances — different people have different circumstances, timelines, and resources.
Let’s let the White Coat Investor, who originally shared the piece you’re about to read, take us through developing goals and devising a plan to reach them.
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 prioritize retirement even though the expected payoff might be less than 6%.”