Go from burnt out to FIREd up.
[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 …
[Ed. note: This post is best consumed in combination with the comments that follow. I consider it an important personal lesson in 1) tempering the investing piety (defined as accepting a particular investing philosophy with unthinking conventional reverence) that often accompanies a financial literacy conversion experience, and 2) hubris in expressing criticism toward the efforts of a fellow blogger. I …
This past week I went hiking with an intellectually rigorous friend. He is a law professor, and part of the pleasure of our friendship is that we often come at a similar problem from different analytical angles. He’s also one of the folks I can freely geek out over finance with, knowing his eyes won’t glaze over. I was describing …
Until June 3rd, 2018, you can use THIS LINK to get $100 off the regular price of the White Coat Investor’s take-it-at-home version of his first Physician Wellness and Financial Literacy Conference ($199 with my link; $299 regular price after that date). If you use it I make a small commission at no additional cost to you. The good Dr. …
A big part of my motivation to cut back on shifts is to spend more time with my kids, currently finishing the second and fourth grades. I’m a hands-on dad. I know their teachers, volunteer in their classrooms, and their classmates know me. Not all the time I spend with them is roses and sunshine. On a recent weekend morning …
Old school medicine was not conducive to balance. Your family got the scraps of time leftover after your patients had staked their claim. Cutting back on your clinical load was done reluctantly, of necessity. You cut back because you needed your aortic valve replaced, and your energy in clinic never fully returned; because the diagnosis of Parkinson’s meant you could …
When I was a medical student, the folks who wanted to enter emergency medicine seemed to fit a certain mold of effortless atheleticism: rock climbers, surfers, weekend soccer league players, people whose cords of toned muscle rippled under zero percent body fat. One of my UCSF classmates who went into EM auditioned and made the final cut for an Abercrombie …
A key component of any financial plan includes an investor policy statement (IPS). The idea is to identify objectives, map a route to reach them, and detail the logistics in a manner where you can hold yourself accountable to the plan you create. This is critical because in defining a specific course of action you create a model to stick …