Today’s post is contributed by Amy Nickson, a passionate writer on finance. Amy is a professional blogger whom has startedRead more
When I was young, I grew up in a Muslim household. Not Muslim in that we ever went to mosque (maybe once in my childhood) or that I was raised on strong tenants of religion. More like a Muslim who left a country because it became too Muslim and less Western. Yes I am talking about Iran in the 1980s. Still, I was Muslim and so I took it upon myself to learn something’s about such said religion. If I was going to be made fun of as a kid growing up in the South, then I might as well know why I was being made fun of.Read more
Ever wonder what the cost of private education is? I calculated what I saved by going to state school for my medical degree! Check it out here.Read more
Today I am happy to feature a guest post from a family member. We have no financial relationships except that we buy each other beers when we are together. I recently discussed the real cost of homeownership since buying my million dollar plus home. It’s not pretty. The point of the article was that a lot of money goes to things other than principal and interest. Thus, when buying a home consideration should be given for the true cost of maintenance.
In talking to the author of this post, he agreed. He lived in Longmont, CO (the home of the famous Mr. Money Mustache), which by all costs has a reasonable cost of living. He lived in the same home for 14 years and recently sold it as the Longmont market has become more “hot”. Him and his family have since moved to Seattle where they will not be purchasing a home partly due to being empty nesters now and also the crazy housing market there.Read more
Today I am joining the chain to discuss FIRE Prowess. It was an idea started by The Green Swan and you can read about his idea in detail here. The FIRE Prowess gives you an idea of how well you are doing saving/investing relative to earning.
So check out my Fire prowess score and find out what yours is…Read more
One of the biggest reasons people give for buying a home is the mortgage interest deduction. While the deduction isRead more
Being in a high income, high risk field I often think of asset protection. The lawsuit may not come from medical work, but from an auto accident or someone slipping on my front step. All of these can lead to suits, and as a high income earner we all have a target on our back. The last thing I want to do is work hard to save money to then have it taken away by one law suit. There are of course many ways to protect your assets and they should all be put into place.Read more
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.Read more
Imagine we are on a desert trip. Every 2 weeks we come across an oasis with a spring full of fresh water. We replenish our water supply. We are feeling good, revitalized, and ready to go.Read more
So I have often thought about and read about the idea of which is better, to pay down debt or invest. This comes up a lot in forums, blog posts, etc. It seems to be a perpetual question and I get it. Who wants to be sitting in debt!Read more
When I started my financial education a few years back I read a lot of blogs and books. I had this insatiable hunger for all things related to finances and wondered why I never studied this stuff in school.Read more