Below you'll find a list of all posts that have been categorized as “Financial Independence for Doctors”
The progression toward financial independence can be encapsulated in two distinct life stages: the hunt and the feast. Some will spend their lives in a perpetual hunt, holding out for large game that may never come. These folks move the goal posts so far forward they risk never scoring. Others shorten the hunt by accepting a feast that is slightly …
The pursuit of financial independence linked to the desire to spend some of my adult years pursuing activities other than medicine can seem like a deeply lazy indulgence to many colleagues. Choosing to leave medicine in these prime adult years by these folks is seen as twofold betrayal. First, there is the obvious implicit lost income during one’s peak earning …
[A friend – let’s call him Mr. 20K – graciously acceded to write the guest post below after a conversation about his unusual frame of reference piqued my curiosity. I hope you’ll savor his thoughts and ruminations as much as I did.] I was catching up on some Crispy Doc the other day and enjoyed a post on his recent …
Dad, can we play Monopoly? Dad, will you take a look at my bike please? It’s making a funny noise but I want to go for a ride. Dad, want to watch this video I made? Dad, can I teach you this new dance a friend sent me? Being a parent is a time sink. If I thought I wasn’t …
My 25th college reunion was set to place place this Autumn. Among those I’d looked forward to seeing was a friend since high school whom I’d grown closer with during our years living under the same roof in college. Proximity And Time My friendship with C began innocuously enough in advanced track science, math and English courses during high school. …
If you have figured out your why, and are seeking specific, actionable advice to implement your how to achieve a FIRE lifestyle, physician finance blogger B.C. Krygowski has written an ideal primer. Her book adopts the confessional tone of a savvy older sister about to fill you in on everything you wanted to know about adulthood just as you are …
How important is putting down roots in a community to your life objectives? The question was underscored on reading a recent guest post by Jacob Lund Fisker (of the legendary Early Retirement Extreme blog) on Get Rich Slowly. Jacob is a theoretical astrophysicist who studied at Berkeley and achieved FI before eschewing academics for a life pursuing interests independent of …
I’ve been inspired by my fellow physician finance bloggers lately. The Frugal Physician announced that despite recently graduating residency and paying off her student loans, she was cutting back to four days a week in the clinic. Her post dovetailed with a guest post at Physician on Fire by Dr. Dawn Baker (of Practice Balance and Stealth Wealth Family blogs) …
Have I Lost The X Factor? A favorite WCI post describes the X factor, a perfect storm of innate qualities, experience and self-discipline that lead to wealth-building behavior. Those who possess it often have certain traits in common, which may include: Laser focus on goals. Ability to sacrifice and delay gratification translating to the ability to save aggressively. Reaction to …
I recently spent a weekend visiting my parents, and as other compulsive readers may relate to, I found myself sifting through their bookshelves in search of brain fodder. I became intrigued by the book, The Triple Package: How Three Unlikely Traits Explain The Rise And Fall Of Cultural Groups In America. The authors were Yale Law professors Amy Chua (who …