Author: Jeff Anzalone
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Debt Free Doc Interview 6
Here’s our latest interview with a debt free doctor (or soon to be). These stories allow us to continue to learn from those who are free of debt or currently on the path to do so. If you’d like to be considered for an interview, drop me a note and we can talk about specifics. Be sure to read…
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5 Smart Ways On How To Reduce Taxable Income For High Earners
Paying taxes is unavoidable, but there are numerous opportunities to help lower a tax bill. Recently, I came across a finance forum for doctors that piqued my interest. One of the most highly viewed posts was, “How To Reduce Taxable Income For High Earners.” Most high income earners that I know are constantly looking for…
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Dave Ramsey’s Baby Steps: A Dentist’s Path To Financial Freedom
Dave Ramsey’s Baby Steps: A Dentist’s Path To Financial Freedom I still remember exactly where I was when I first heard The Dave Ramsey Show. I was a young dentist in New Orleans, completing my residency, with more than $250,000 in student loan debt. Like most new doctors, I figured a higher household income would eventually fix everything.…
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5 Easy Steps On How To Get Rid Of A Timeshare
We love to travel. Honestly, we spend more on travel each year than any other category in our budget. A handful of people have asked, “Since you love traveling so much, why not buy a timeshare?” Doctors are suckers for deals. Especially timeshare deals. Salespeople feed off of our “desire for relaxation” because they know…
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3 Easy Lessons To Become The Automatic Millionaire
In 2004, I originally read David Bach’s book, The Automatic Millionaire, after it was first released. He has since updated it to an “Anniversary Edition” in 2016. Recently, there’s been a lot of talk in the financial blog space regarding millionaires. It seems that many people want to know two things: Who they are? How to…
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4 Quick Steps To Convert Your Traditional 401(k) To A Roth 401(k)
Let’s face it. Doctors and other high-income professionals pay a lot of taxes. They’re unavoidable. But when it comes to your retirement savings, you have a choice as to when you want to pay them. Now, or later? One potential way to save on taxes later is converting a 401(k) to a Roth 401(k). Before we…
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5 Best Ways To Invest 50K Wisely For 2024 And Beyond
5 Best Ways To Invest 50K Wisely For 2024 And Beyond What’s the best way to invest 50K? This question was recently posted on a doctor-finance private Facebook group that I’m privy to. I was amazed at the number of responses and broad range of answers regarding the best investment strategy. Having an extra $50,000 is…
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7 Secrets To Financial Freedom Every Doctor Should Know
The more personal finance and debt free blogs I come across, the more I realize most doctors are striving to achieve financial freedom. What exactly does this mean? In simple terms, a financially independent person has enough wealth to live on without working. There’s an entire group of FIRE (Financially Independent Retire Early) people (like Physician…
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The #1 Reason Why The First Million Is The Hardest
For some reason, I’ve been on a kick lately researching millionaires, specifically, what it takes to become one. One phrase that has popped up several times during my research was: “the first million is the hardest.” If you’re a doctor reading this, listen up. These next few paragraphs will hopefully open your eyes and motivate…
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Coverdell ESA vs 529 – What’s The Best To Save For Kid’s College?
I’ve been a long time listener of the Dave Ramsey show. For those of you familiar with Dave, then you’ve probably heard him mention the Seven Baby Steps to financial freedom that I’ve discussed in the past. Baby step #5 has to do with starting to fund your kid’s college. He recommends either a Coverdell Education…
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7 Minute Read: Everyday Millionaires Book Summary
When I first heard that Chris Hogan (part of the national best selling author Dave Ramsey Solutions team) was writing an everyday millionaire book, I realized it had been over twenty years since I’d read The Millionaire Next Door. Luckily, I still had the copy I purchased when it was released in 1996 (my senior…
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Suze Orman vs Dave Ramsey: Who Should You Listen To?
There are no two bigger financial gurus in America than Dave Ramsey and Suze Orman. Both have become extremely wealthy giving financial advice to folks with high amounts of consumer debt. Is one better than the other? Who should you listen to? Let’s take a closer look and do a head-to-head comparison between Suze Orman…
