Dads Dollars Debts - Page 2 of 10 - Figuring out parenting and personal finance together

I am joining the chain with my draw down strategy. This is a post started by Physician On Fire and taken and catapulted by Fritz at The Retirement Manifesto. There are now 13 people on the chain, and I will make lucky number 14.

Mine is unlike the others, and here is why. I have a job with a sweet pension. I mean a really sweet pension. The golden handcuffs as my colleagues joke. If I work at least 60% of the time until I am 60 years old (23 years from now) then I get free healthcare for life and a nice monthly pension check. What does this do to me?

Hump Day

Hump Day – July 19, 2017

July 19, 2017July 18, 2017 DadsDollarsDebts 4 Comments 14th amendment, decision fatigue, living off 70k, min-retirement, retiring on $3 million

On today’s mid-week post we discuss the 14th amendment, decision fatigue, and living within your means. Enjoy this mid-week roundup!

Dads Dollars

A letter to my widow

July 15, 2017August 4, 2017 DadsDollarsDebts 16 Comments a plan for money, death, life insurance

We often discuss buying term life insurance to protect our loved ones if we die, but do they have a plan for all of that money? Today I write a letter to my widow (hopefully hypothetically as I don’t plan on doing) with a plan for what to do with a $2 -3 million dollar pay out.

Hump Day

Hump Day- July 12, 2017

July 12, 2017July 11, 2017 DadsDollarsDebts 9 Comments 529 plans, Family, Hot air balloons, picking stocks, poker, super savings

On today’s hump day we discuss hot air balloons, 529 saving plans, early retirement tricks, being a poker player, and more.

Dollars

Real cost of home ownership

July 8, 2017August 4, 2017 DadsDollarsDebts 24 Comments Costs of home ownership, maintenance costs, utilities costs

Homeownership is the American dream. It was what we are told to strive for from a young age. Guest rooms, multi-car garages, picket fences. You name it and we can get it for you. In the era of mortgage lending, it is easy to get a home that you can afford, at least once the bank gives you that loan. What is not well thought out is the true cost of home ownership.

Hump Day

Hump Day- July 5th, 2015

July 5, 2017July 4, 2017 DadsDollarsDebts 7 Comments Amazon, hump day, Jeff Bezos, mutual funds, parenting, RV living

Hope you had a great 4th and welcome back for another mid-week review of the weeks greatest. Today we discuss Amazon, parenting, RVs and mutual funds. Not a bad summation.

Debts Dollars

Paying off debt as asset protection

July 1, 2017August 4, 2017 DadsDollarsDebts 10 Comments Asset protection, Debt pay down, homestead exemption, Insurance, llc

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.

Doctors Hump Day

Pseudo hump day: Articles from this week

June 30, 2017June 29, 2017 DadsDollarsDebts 6 Comments doctors, grade school, Redfin, RV

This week I missed my regular Hump Day post due to being featured on The White Coat Investor’s site. My article about Should Your Child Become a Doctor seems to have done well and if you are interested in the topic, then please go check it out.

I did not want to go by without featuring some of the articles I enjoyed this week from my fellow bloggers. So without further ado here they are.

Doctors Guest posts

Today I am featured on The White Coat Investor

June 28, 2017June 28, 2017 DadsDollarsDebts 4 Comments doctors, Kids, top posts, white coat investor

Today I am proud to be featured on The White Coat Investor. Head over to his site to read my latest post on whether you would advise your kids to be doctors. Also, check out my site for my top 5 posts in the first 9 months of blogging.

Dollars Guest posts

How to feel rich when you’re the brokest person in the room

June 24, 2017August 4, 2017 DadsDollarsDebts 10 Comments debts, Dollars, feeling rich, joneses, picky pinchers

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.