Author: Jack@TeachFI

6 Things To Shop Around For When Buying A Home

My wife and I just bought our first home together! Those of you that have already gone through the process before understand that buying a home can be quite a learning experience. I actually bought and sold one home before this joint purchase, and I learned quite a lot between my first and second home…

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Why you should stop buying NEW stuff!

To be clear, we are not saying to stop buying stuff. Contrary to popular belief, Financial Independence does not mean you have to stop spending entirely or even allocate every penny toward retirement. Instead, we believe in becoming more intentional about our purchases, spending on things that will bring true value to our life. As…

Video Tutorial: A Deep Dive Into Our Portfolio Spreadsheet

[Editor’s Note: This is an independent post written by Jack. This post may contain affiliate links. Please read our disclosure for more info.] A few weeks ago I shared a post discussing our Retirement Portfolio and the Spreadsheet we use to track and rebalance our portfolio. Today’s post contains the promised follow-up video tutorial, which includes some…

Tracking Your Savings Rate

[Editor’s Note: This is an independent post written by Jack. This post discusses our savings rate and major expenses for Quarter 1 (January – March) of 2019. This post may contain affiliate links. Please read our disclosure for more info.] One of our major goals for 2019 (discussed in our Written Financial Plan) is to save…

What’s in your retirement portfolio?

[Editor’s Note: This is an independent post written by Jack. This post may contain affiliate links. Please read our disclosure for more info.] What to invest in? Once you land on a Risk Allocation that you’re comfortable with the next step is to figure out how exactly you want to allocate your investments. I can’t…

Book Review – Taxes Made Simple: Income Taxes Explained in 100 Pages or Less

I’ve filed my own taxes (using tax software for convenience compared to the paper forms) for about six years now. Mike Piper and I agree that there are huge benefits in learning the basics of filing your taxes. I know there were for me. Not only did I save money by not hiring out, but I also learned how to maximize the ROI of my investments and lower my overall tax burden. I am confident reading his book and/or using google/forums as you file on your own will allow you to make more informed decisions about your financial planning, which will, in most cases, also result in a lowering your effective tax rate.

Filing taxes and reducing your taxable income.

[Editor’s Note: This is an independent post written by Jack. This post contains affiliate links. Please read our disclosure for more info.] Tax Software: Firstly, if you haven’t tried filing your own taxes I recommend you take the plunge! Most tax situations just aren’t that complicated and can quickly be done with the aid of…

Book Review – How to Think About Money

How to Think About Money Clements, J. (2016) How to Think About Money. Author. Category: Money Recommended Financial Literacy Level: [Novice] Recommended Audience:  A great entry-level book for those just getting started on their journey toward financial independence. “First and foremost, money buys time and autonomy. Secondarily, it buys experiences. Last, and least, it buys stuff,…

Book Review – The White Coat Investor: A Doctor’s Guide to Personal Finance and Investing

The White Coat Investor: A Doctor’s Guide To Personal Finance And Investing Dahle, J. M., & Bernstein, W. J. (2014) The White Coat Investor: A Doctor’s Guide to Personal Finance and Investing. S.I.: White Coat Investor Category: Finance Recommended Financial Literacy Level: [Novice] Recommended Audience: practicing physicians aspiring physicians (students considering medical school, medical students,…

How risky is too risky?

We all have different risk tolerances. Some of us speed or text when driving, smoke cigarettes or drink alochol, skydive or climb to great heights, etc. Within each “risky” activity we engage in is a spectrum of tolerance. Investing in the stock market is no exception! “Knowing thyself”becomes increasingly important when deciding how to invest your…