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How a NYE Windfall Was Our Biggest Money Mistake of 2021
…pay those taxes without issue from it!” And, sure, you’re correct. We can afford the taxes. We’re happy to pay what we owe. But of course, we also don’t want…
Search Results for: pay yourself last – Page 16
Retired from Medicine at 37: The Finances Behind Her Decision
…in residency? Besides, we won’t be earning an attending physician paycheck for years. By the time we earn a real paycheck, we are so exhausted by the delayed gratification of…
The Simple Path to Wealth: Is It Really That Simple?
…price of goods spirals downward and inflation occurs when they soar. Bonds pay interest which provide him with income. An example would be Municipal bonds which their interest is exempt…
7 Ways For Physicians to Make an Extra $1,000 a Month
…also depends on how much you use for a down payment. Without a mortgage, it’s quite easy to cash flow–mortgage payments are usually the largest part of any sort of…
FIRE Crossroads 005: Newly FI Physician Figuring Out the Next Step
…of upping that number to $7,000. If I use my cash and brokerage accounts I can pay off the townhouse mortgages. The rental income plus activating annuity payments would cover…
Flexible Work, Financial Independence: Transform Your Career with Locum Tenens
…a way for physicians to work on their own terms, earn great pay, and have more control over their schedules. Whether you’re focused on paying off student loans, building up…
The Sunday Best (6/13/2021)
…the taxes they pay. Want to pay less taxes like the wealthy? Follow these steps. Real Estate benefits from tax advantages that other asset classes can’t offer. Crowdstreet shares…
Create Your Own Comprehensive Financial Plan
…mortgage starting in 2/2019 (same as student loan payment/mo.) to accelerate payoff from 15 years to 7 years (payoff 2025), considering adding any windfall to mortgage payoff. Will continue to…
Six Financial Considerations for Mid-Career Professionals
…the payments on a 15-year mortgage. Making double payments would turn a 15 year 3% mortgage into a 6 ½ year mortgage. Having the mortgage paid off early allows you…
Capital One Venture X Review: Best Rewards Card in 2024
…purchase protection Your Venture X card comes with valuable insurance covers, including: Cell phone insurance: Pay your monthly wireless bill with your Venture X card to be eligible for up…
One House. One Spouse. One Job.
…at your closing statements for your last home, and then look at your credit card statement for the 3 months before and after. Sellers tend to pay for upgrades, repairs…
The 7 Step Basic Formula for Wealth as a Physician
…a trainee, great! But definitely you need to do this as an attending) Pay off student debt within 5 years Invest in broadly diversified stock, bond, and/or real estate index…
Pros and Cons of Investing for Cash Flow
…diversified portfolio with excellent long-term, risk-adjusted returns. Such a portfolio almost surely will include some assets that have a low yield. Income investors may pay too much in taxes: As…
SPY vs SPX: Everything you need to know
…hold their shares to both build value and generate dividend payments. SPY vs SPX : Dividend Payments Since SPY is a ETF that you can own shares of, there is…
5 Reasons Not to Buy Indexed Universal Life Insurance
…money to pay a death benefit to everyone. As such, the insurance component is very expensive. The portion of your premium that pays for the insurance component cannot go into…
Why Early Retirees Should Max Out Retirement Accounts
…EXCEPTION TO THE AGE 59 1/2 PENALTY. I can’t explain that any better. Is there a catch? Sure. You have to follow the SEPP rule—Substantially Equal Periodic Payments. But what…
Crypto and NFTs: The Good, The Bad, and The Ugly
…additional charge on top of what you’re paying the broker. In addition to that, if you try using your credit card abroad or transfer funds internationally, you can be hit…
Student Loan Advice: 7 Important Rules of Thumb
…Debt Paydown Method There are different methods to pay down debt. Some prefer the debt snowball method where you pay down the smallest debt first and then roll that…
The Sunday Best (04/16/2023)
…What are My Options? Did you know that you can pay your taxes on a credit card? That’s right! You can Pay Your Taxes by Debit or Credit Card…
Hilton Honors American Express Business Card Review 2024
…View your purchase history, generate reports, and manage your expenses with the convenience of online statements. Vendor Pay by Bill.com: Simplify bill payments using your card through Vendor Pay by…