Helping people make smart financial decisions.
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An important aspect of financial planning is risk management. How we manage the financial risks that could affect us could mean the difference between achieving financial independence or not. When planning for your financial goals, consider what risks could hinder your ability to achieve those goals? What can you do to either mitigate them? Today we will discuss what financial risk is, why it arises, and how managing risks can impact your financial future.
The 2019-2020 academic year is behind us, which means there are approximately 45,000 new doctors entering practice in America (according to the ACGME Data Resource Book). That's a lot of new doctors who have a fantastic opportunity to achieve financial independence if they get started on the right foot. Today we are going to dive into six ways to achieve financial success as a new attending physician.
For most doctors buying a house, especially early in their careers, a mortgage is a necessity. A common question you may be wondering is, do doctors get better mortgage rates?
Which option is best? As you can expect, my first reply is always, “It depends!” And that is because the best option depends on WHY you are no longer able to contribute to your employer’s plan.
People assume that doctors are rich, because being a doctor is a considered prestigious job and most prestigious jobs pay good incomes. However, having a good income and being rich are two different things.
While most of you reading this don’t earn anywhere near $1M/year, it may seem crazy to think that you would find yourself going broke if you earned that much. However, I have seen enough people’s finances to tell you that there are people out there earning $1M/year living paycheck to paycheck.
To kick-start 2020, I wanted to put together a list of 20 money tips for 2020 that you can strive to implement this year.
I have learned to identify pretty quickly which people will be financially successful and which ones might struggle to reach their financial goals. This post will outline some of the common traits that most financially successful people possess.
Financial planning is really a lifelong challenge of self-motivation. Nobody can force you to do something with your money. Therefore, if you can reverse-solve your financial goals for happiness, it can be easier to motivate yourself to achieve them.
As a medical student, any extra cash you can bring in will go a long way. This week we will look at 11 side hustles for students who want to make money while in medical school.
