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.

Book Review – The Bogleheads’ Guide to Investing

The Bogleheads’ Guide to Investing Lindauer, M., Larimore, T., & Leboeuf, M. (2014) The Bogleheads’ Guide to Investing. Hoboken: Wiley. Category: Investing Recommended Financial Literacy Level: [Novice]+ Recommended Audience: EVERYONE who is interested in becoming more financially literate. If you intend to become DIY investor like us… great! This book will provide you with the…

Can You Afford Not to Budget?

[Editor’s Note: This is an independent post written by Jack. This post may contain affiliate links. Please read our disclosure for more info.] The majority of Americans are in debt… roughly 80% according to several reports. WOAH! Kudos if you’re in the minority; however, can you say the same about all of your coworkers, family, and friends? Chances are that even if you…

Failing to Plan is Planning to Fail

We’ve all heard Benjamin Franklin’s famous quote, “If you fail to plan, you are planning to fail.” His mantra is no less applicable when it comes to financial/retirement planning, and unfortunately many of us fall short on this crucial area of our lives. Whether you’re making your own plan or paying someone to make one…

Beginning Our Journey To Financial Independence (FI)

Finances Financial planning has always been a passion of mine.  Luckily my wife is the same way. While financial discussions may be difficult or completely absent within some marriages, my wife and I enjoy talking about our finances and how we’re going to meet our next goal.  While the communication lines were wide open about…

My Bumpy Road to a Six-Figure Net Worth by 30

[Editor’s Note: This is an independent post written by Jack] Even though I didn’t cross paths with the term “Financial Independence” until 2018, it’s a notion I felt I have been naturally gravitating toward since a young age… at least I thought so until looking at the numbers for this post. I was a natural saver since childhood UNTIL going to and graduating…