Invest Smarter

Are Cash Balance Plan Fees Worth It?

I’m a big fan of Getting P.A.I.D. – converting a high hourly rate of active income into multiple streams of passive income.  One of the ways you can really boost your savings is to take advantage of self-employed retirement accounts like a Solo 401(k) and a cash balance plan. The Solo 401(k) is a no brainer – […]

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Earn More Money, Invest Smarter

Luxury Items

After a decade or more of being broke, a new attending may feel overwhelmed with the sudden surge of cash.  When those big paychecks start rolling in you might be tempted to start splurging on luxury items. No one would blame you for being tempted.  Self deprivation has its limits and most physicians spend their […]

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Invest Smarter, Personal Finance, Top 10 Lists

10 Reasons to Give Thanks

I’ve previously compared a physician’s income to winning a jackpot. Just by virtue of waking up a physician this morning, I’m comfortably within the top 5% of American incomes. With a little hustling you can work your way into the top 1% too. If you’ve always been wealthy there are many things you take for […]

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Earn More Money, Invest Smarter, Personal Finance

Money Antiheroes

We often celebrate the money heroes in our lives –  The single mom who worked two jobs to send her kids to college.  The grandfather who came to this country with 20 bucks in his pocket and turned it into a business empire.  The older sibling who pulled us aside and gave us that tough-love […]

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Invest Smarter, Personal Finance

Invest More Cash vs. Take More Risk

If you’re working a side hustle just so you can spend more money, you’re missing the point.  If you can’t live on one physician’s salary it’s time to get your priorities straight.  You don’t have to take The Live on None Challenge, although it is an excellent way to pay off debt or accelerate your savings. […]

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FIRE, Invest Smarter, Maps, Taxes

Is Your State FIRE Friendly?

Congratulations! You busted your hump for years. You maxed out your income at your main job and picked up a few side hustles along the way. You always took advantage of all the ways Uncle Sam loves side hustlers. You stashed your cash in a solo 401(k), supercharged your savings with a cash balance plan […]

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