Today we have a special guest post from Mrs. Picky Pincher. She is the blogger and resident money-saving maven at Picky Pinchers. She writes about living the good life while paying off $225,000 of debt. See how she felt rich despite being the brokest person in the room.
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This hump day we discuss the constitution, making choices to improve your future life, financial independence, compound interest, and more.
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As part of your financial health, maximize your pre-tax retirement accounts. These accounts are the first place you should put money. You should not be playing in the stock market on E-trade. You should not be buying a fancy new car. You should be optimizing your pre-tax retirement accounts.
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On this hump day, we discuss minimalism and it’s many facets, the formation of California as a state, and the sacrifices families make for their children.
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Throughout training I had an idea, and that idea was that I would be a great academic physician. I had the right training. I had done research from college through fellowship. I had received research grants from medical school through fellowship, published numerous papers, and started defining a niche. Everything was going great. Academia here I come.
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In today’s hump day post we discuss Mahtma Gandhi who held his first non-violent civil disobedience on this day. We touch base with some great blog posts out there including learning whether buying vs renting is better in financial independence and how much home you can really buy.
We also cover posts that discuss what living in the wild means, what secret weapon you can employ to become rich, and why active investors may make some money, but they loose it in time.
Finally a shout out toe Michelle at Making sense of cents for being the breadwinner and a discussion of why we should be our spouses’ hype man.
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While in medical school and residency, every young physician wants to be a remarkable doctor. But what if they don’t care about their financial wellness? You’re wondering what is the relation between being a remarkable doctor and financial wellness?
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“A Rednecks Guide to Financial Freedom”. Yup that is correct. For all of you Rednecks out there this is your book to find financial freedom. You can consider it “Red” Fire as opposed to the blue fire for all of you cool cats out there.
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What is hump day? It’s Wednesday. The hump to your work week. 2 days down and 2 days to go. On hump days I will be sharing articles, videos, or other form of entertainment. It will include links to other posts I have liked throughout the week. Some are parenting articles, others are personal finance ones, and occasionally there will be a random funny article. Enjoy!
We discuss Madison Square Garden, improving your future, being frugal vs cheap, and how to be lucky. Also should educated folks retire early?
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So another week has gone by in our low spending month. This is the final week and what I have learned is food is our biggest expense.
Between groceries ($1,443 for the entire month) and restaurants ($1,129 for the month) we spent over $2,500. That is kind of crazy considering some families spend under $400 on food a month. We did have a lot of people over to our house, and community is key to life. So I guess that is okay. Still, we will need to improve this next month.
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I have had a total of 3 physician home loans from Suntrust Bank. Conventional wisdom would say to wait until you can put 20% down and then buy your house. Unfortunately, many physicians are not conventional, at least not when it comes to finances. Combine a desire to buy a home in residency (not a good idea) or right out of training (also likely best to wait a year or two), banks are all too ready to give out money. For physicians, this comes in the form of a physician home loan.
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