As you know, as part of the PhREI network, we decided to start a weekly roundup to share new activity from across the network. Enjoy!
The Darwinian Doctor
Daniel Shin of Darwinian Doctor basically shows you how to get rich (with time). There are six steps: map out your income and expenses, grow the gap, save an emergency fund, pay off high interest debt, invest regularly and wait. Now you know the steps, BUT… you still have to learn how to use them to get rich. Check it out!
How to Save, Invest and Become Rich
The Prudent Plastic Surgeon
I truly believe that achieving financial freedom should be a goal for all physicians. That being said, here are the 10 commandments of physician FIRE!
- Thou shalt invest in a financial education;
- Thou shalt know your big why;
- Thou shalt calculate your net worth at least twice a year;
- Thou shalt pay off debt… aggressively;
- Thou shalt spend intentionally without taking on new debt;
- Thou shalt save 20% of your gross income;
- Thou shalt know thy risk tolerance;
- Thou shalt invest in the market passively;
- Thou shalt not buy whole life insurance; and
- Thou shalt not overpay for financial advice.
Now let’s get into the details!
The 10 Commandments of Physician FIRE
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