Go from burnt out to FIREd up.
Deep thoughts from our recent travel: Agora = Greek for marketplace Phobia = Greek for fear A close friend from childhood works in finance and earned his MBA but keeps the vast majority of his savings in CDs and treasuries that barely keep up with inflation. His wife saw her parents lose a significant portion of their net worth (either …
On our recent three-week trip through Greece, I chose not to bring my electric shaver. The dirtbag traveler in me, the one that takes pleasure out of proportion in packing as little as necessary as lightly as possible, wanted to ditch the added few ounces and volume the shaver would add to my pack. The scientist in me wanted to …
23 years ago, I took my first international trip as a backpacker through Europe. It was my baguettes, bananas and drinkable yogurt tour, since these were the foods I could afford as I made my way through some pricey countries over a couple of months. One of the highlights was Greece – I spent a couple of nights in Athens, …
Dr. Jim Dahle, a.k.a. the White Coat Investor, has tempted many a blogger by dropping oblique references to how he pays his children to model for his tremendously successful blog. There is great appeal in the idea that you might hire your children to work for your business; that their earnings, as part of a family business and while in …
In medical school and residency, a very few righteous professors warned us of the dangers of accepting pharmaceutical meals, textbooks or other swag lest they influence our prescribing patterns in nefarious ways. The drug reps wandered the halls of our sorry solitary training grounds, a corps of fit and attractive young people whose attention most nerdy physicians could never have …
I recently re-read an inspirational post by BC Krygowski, a palliative care physician married to another doc who (at their lowest point) was living hand-to-mouth in a big doctor house in an expensive state with $750k in debt. Like many of us, they realized well into their careers that they were on a collision course with financial disaster; like few, …
This morning started innocently enough. I purred awake in a cocoon of toasty sheets and rubbed the sleep from my eyes to find my wife sitting up in bed next to me, fully alert. When she gets excited about something, she can barely contain her enthusiasm. Having stalked her prey for maximum vulnerability, she unleashed a torrent of words at …
[Ed.: The following post was written by the Wall Street Physician, a radiation oncologist who was an investment bank trader in his former life. He addresses a point of great debate in the finance geek community: Are international stocks another valuable way to diversify, or a tax-inefficient bogeyman out to undermine your investing strategy? Smart people respectfully disagree. This post …
The FI blogger world is full of folks whose wanderlust guides their lives. Seductive terms like location independence, geographic arbitrage and digital nomad pepper the posts of well-regarded bloggers whose lives as expatriates (Mad FIentist) traveling the world either childless (Millennial Revolution) or with young children (Go Curry Cracker) are tempting a generation to follow their lead. I understand the …
The following post contains affiliate links. If you sign up through this site, I stand to make a modest commission. For those of us interested in pursuing early Financial Independence, fundamental assumptions that hold true for the population at large are not necessarily true for physicians and other high-income professionals. I recently posted about how a friend challenged my assumptions …