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,…

Financial Independence On A Teacher’s Salary

First things first — my wife is a financial superhero.  She is the reason we were able to pay off $50,000 in student loans in 12 months (they were mine).  She’s the reason we have extra money to invest at the end of each month. She’s the reason we’re in the financial position we’re in.  Brace yourselves for what I’m about to tell you…

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…

Book Review – The Millionaire Next Door: The Surprising Secrets of America’s Wealthy

If you want to be a millionaire, you need to know what it takes to live like one. What I probably enjoyed most about The Millionaire Next Door is the entire book is based on a research study conducted over 20+ years by authors, Dr. Thomas Stanley and Dr. William Danko. Many “financial books” can often times be based purely on anecdotal evidence, but every claim in The Millionaire Next Door is based on the reports of the research study’s participants.

Budgeting Starts and Ends with Us

On Friday, February 1, 2019, my wife and I had our monthly date night. I made reservations for us at a new restaurant that had been recommended to us many times for their excellent atmosphere and food. I left work to pick my wife up from our home and she looked absolutely beautiful. We got to the restaurant, sat at our table, and then it began. See, this wasn’t an ordinary date and the conversation may not have been what you were expecting.