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Investing Basics for Professionals With Little Time or Experience
…paycheck, and attendings are often focused on paying off debt and saving up for big purchases like a down payment on a home or buying into a practice. First, be…
Search Results for: pay yourself last – Page 13
Six and a Half Ways to Bridge the Early Retirement Gap to Age 59 and a Half
…usually 15-20%, are often substantially less than what you were paying in your peak earning years. Related: Top 5 Ways to Pay No Tax on Capital Gains & Dividends…
FIRE Crossroads 008: 2 Physicians, 3 Young Kids, 1 Desire to FIRE
…card balance. We now pay cash for all purchases, including cars and home improvement projects. If we don’t have the cash to pay for something, we can’t afford it yet….
20 Best Books for Doctors: Personal Finance & Inspiring Stories
…impact on patients and surgeons. The Price We Pay: What Broke American Health Care – Marty Makary The Price We Pay: What Broke American Health Care By Marty Makary MD…
The Importance of a Taxable Account for Early Retirees
…put after-tax money. Since you’ve already paid taxes on these funds, you may not pay taxes when you withdraw funds from the account. If your assets have appreciated, you will…
Five Ways to Leave Clinical Medicine
…physicians who have grown tired of their job for a list of non-clinical options they can do. Upon further questioning, what they often really want is something that pays just…
How To Build Generational Wealth
…a down payment for their first house or a car if they have the resources. When you are receiving these amounts from your parents and not paying them back as…
Drive a Beater… Get Rich
…long to pay for that when you don’t have a $500 a month car payment. Even if you insist on having one nice car for road trips and driving the…
Is Driving a Honda Smarter Than Flexing a Ferrari? Thinking About the “Doctor Car”
…upfront. Opportunity Costs Every dollar spent on car payments is a dollar that could be used to crush debt or supercharge your journey toward financial independence. Instead of paying $1,200/month…
How To Invest 100k For Passive Income
…long-term implications before making a decision. Other Passive Income Sources Investment TypeDescription Dividend-Paying Stocks Shares of companies that provide consistent payouts to shareholders. Reinvesting dividends through a DRIP can compound…
Capital One Savor Cash vs Quicksilver: Which Is Better?
…to establish automatic redemptions at a predetermined time or upon reaching a specific threshold. PayPal: Link your Savor card to your PayPal account, using your rewards to make online purchases…
The Finish Line Keeps Moving for This Primary Care Physician
…income for the year and thus change the taxes I pay. Put another way, I could sell $80,000 of stock and pay about 15% if the basis is very, very…
Breaking Barriers: Helping Professional Women Overcome Hurdles & Achieve Success In Business
…due to systematic barriers that contribute to the overall pay gender pay gap. However, other factors contribute, such as fewer female physicians being self-employed than male physicians. Additionaly, female physicians…
How $500k in Student Loan Debt Prepared Us for FIRE
…Bonus for >$100K loan Variable rates (with autopay) 4.99% – 10.89% APR Fixed rates (with autopay) 4.96% – 10.99% APR VISIT Splash Financial $550 Cashback Bonus for >$150k loan /…
Take Advantage of 100% Bonus Depreciation While You Still Can
…Incidents of ownership in property include the following. The legal title to the property. The legal obligation to pay for the property. The responsibility to pay maintenance and operating expenses….
Income Investing: The Smart Way To Reach Financial Independence
…rate of interest. While a bond is held, it will typically make interest payments to the lender. If there is no coupon payment, then the bond will be purchased at…
7 Great Tax Benefits of Investing in Real Estate
…to $67,500. Compare this to if you had to pay the normal 35%. If you’re in that tax bracket, you’d pay $157,500– a $90,000 difference! To benefit the most from…
Money is Everything
…the number one money drain for many high-income professionals. With our progressive tax system, you’ll pay your fair share, but do what you can within the law to avoid unnecessary…
Capital Gains Tax: A (Mostly) Unavoidable Reality
There are, actually, several ways to avoid paying capital gains taxes. It’s just that most of them are things people don’t want to do, like die, give away money, or…
You’re Retired. Now What? Finding Purpose in Retirement
…ship. Many of these jobs have great perks as well. Even though these jobs often pay minimum wage, there are opportunities for high paying part-time positions that are easy to…