Search Results for: pay yourself last – Page 10

4 Physicians Revisited: Dr. B & the Impact of Divorce

…to look different after the divorce. And, with 2 kids and an ex stay-at-home wife, he’ll be making substantial alimony (spousal support) and child support payments. We’ll do our best…

Buy, Borrow, Die Strategy: How to Avoid Capital Gains

…of 2010) can trigger margin calls. A margin call requires you to put in additional cash to pay off the margin or to sell some of your assets to pay…

8 Reasons Why You Should Invest With Mutual Funds Instead Of A Variable Annuity

…capital gains tax, I also pay a state income tax of 9.85% and the ACA surtax of 3.8%. Assuming a 2% dividend, I’m paying nearly 29% of the dividend in…

Financial Advice for “Low-Income” Doctors

…about $60,000 per year in after-tax dollars. Take a single doctor making $150,000 who pays $30,0000 in taxes, puts $30,000 into retirement, and pays $60,000 in student loan payments. and…

individuals planning to make investments

Steps of Investing For High-Income Earners to Achieve Financial Independence

…out all your debts from smallest to largest and paying off the smallest debt first while making minimum payments on the rest. Once the smallest debt is paid off, move…

7 Streams of Income: The Millionaire’s Secret

…income streams from their day job or business. This happens each day you go to work and provide a service in which someone pays you. This type of income is…

Twelve Reasons Your FIRE Number is Wrong

…change as when that mortgage payment goes away. You may currently be paying $3,000 to $5,000 or more a month to buy the home in which you live. That’s $36,000…

Average Physician Salaries In The U.S.

…are bills to pay, rents due, not to mention loan paybacks because medical school is the most expensive degree in the U.S. For the average physician, there isn’t a lot…

4-Day Work Week

…results. More companies are offering shorter workweeks for the same pay and benefit, and at least six states are considering bills to mandate or allow change to a four-day workweek….

Companies That Had Their IPO in 2003: A Look at Notable Names

…3. iPayment IPO Date: May 2003 Country: United States Stock Exchange: NASDAQ Industry: Payment Processing Valuation: Over $84 million iPayment is a payment processing company that helps businesses accept various…

PSLF For Doctors: Is It Still Worth It?

…you’re not building wealth. The $515/month payment during residency might feel good now, but if you later earn enough to pay off your loans faster, you may have wasted years…

A Tale of 4 Physicians: The Impact of Lifestyle on Financial Independence

…have been living the country club lifestyle, and now it’s time for him and his family to join them. He doesn’t want to live paycheck to paycheck, and he stashes…

Budget Skiing and Other Oxymorons

…trade-in programs where you pay for the first set and can trade up to larger gear for a relative small fee from the time they’re toddlers until they’re nearly full-grown….

Financial Progress After 3 Years of Living Like a Resident

…moved into and furnished our new home. But we continue to pay off our bills every month and don’t pay a cent of interest. This puts our current balance $17,000…

10 Tips to Help You Save Money on Healthcare Expenses

…bills through co-pays and deductibles which would affect how much you spend on medical expenses. Review every bill thoroughly before you pay it as this could save you anything from…

Your Complete Guide to House Hacking

…with more work and less comfort comes more pay. Trailer House Hacking: This is a bit on the extreme end, but I have friends that have done it….

Dealing With the Guilt of Early Retirement

…Do their jobs as hard and as long as they can….It is not ONLY the pay that keeps them on the field, in the corner office or in the OR….

Ideal Income for Sole Proprietors: Maximizing Your Take-Home Pay

…taxes. Depending on your state, you may pay anywhere from 0% to 13.3% in state taxes as well. But reaching a new tax bracket doesn’t mean that all your income…

I Took a 90% Pay Cut and I Couldn’t Be Happier

…if they hate the higher paying work and love the lower paying work, the income differential alone can dissuade them from pursuing their passion. I wonder if this happens because…

Diagnosing Debt: Demystifying Interest Rates & Loan Terminology

…rigorous. A borrower must prove undue hardship and must also demonstrate that he/she has made a good faith effort to repay. Basically, it’s very difficult to get around paying a…