The Side Hustle Spotlight is a weekly roundup of interesting posts and articles about medicine, side hustles and personal finance.
This week I asked Are Cash Balance Plan Fees Worth It?. Spending thousands on investing fees sounds sacrilegious, but what if it could save you tens of thousands in taxes?
Most medical careers involve Sensory Overload. If your job involves seeing, smelling, touching, or listening to patients your days can be both an assault as well as a pleasure to your senses. What is your most or least favorite sensory stimulation?
The Physician Philosopher got a special treat this week – a guest post from Vagabond MD. The Hospital Will Not Love You Back is a reminder that your medical career is a one way love affair. The hospital may be one heck of a sugar momma, but your love will be unrequited. Have any of you learned this lesson the hard way?
Miss Bonnie MD had a guest post on White Coat Investor this week. Unmarried Couples: Pros and Cons of Delaying “I Do” is honestly something I had never considered before. (I met my wife at 18 and got married at 26.). She makes many excellent points about the financial advantages and disadvantages if delaying those vows. If you’re an attending debating whether to tie the knot, I suggest you read this post.
Passive Income MD was speaking my language this week with The Two Most Important Words in Personal Finance. Whether you’re trying to elongate debt, build wealth or just sleep better at night, it all boils down to CASH FLOW. It doesn’t matter if you make a million dollars a year if your expenses are a million and one. You’re only as rich as the money you don’t spend.
Speaking of people lacking cash flow – Dr. Cory Fawcett discussed how the US Government Shutdown Proves the Need for an Emergency Fund. If you’re a furloughed federal employee, you are acutely aware of how important cash flow and emergency funds are. When it comes to relying on the government to pay the bills, I prefer the Fox Mulder approach: trust no one.
Crispy Doc continues his Docs Who Cut Back series with Dr. Jordan Craig of Invoke MD. Reading her weekly schedule as an OB/Gyn made me so grateful to be an emergency physician. If you’re burnt to a crisp and feeling overwhelmed, let her story inspire you to change.
A truly great man died this week. John C. Bogle, the father of index fund investing and founder of Vanguard probably impacted your life whether you heard of him or not. Discovering his books and Bogleheads certainly impacted mine. I plan on rereading his books over the next few weeks. If you’ve never had the pleasure, today is the perfect day to get started.
I hope you enjoyed these great posts as much as I did.
Side Hustle Scrubs