Category: Personal Finance
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Debt Free Now What? How to Start Building Real Wealth
Debt Free Now What? How to Start Building Real Wealth Becoming debt free is a massive accomplishment. Whether you wiped out student loans, credit card debt, car loans, medical bills, or personal loans, you’ve done something most people in the United States never fully achieve. Years of monthly payments, interest charges, and financial stress are
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Why the First 100K Is the Hardest (The Math Explains It)
Why the First 100K Is the Hardest (The Math Explains It) The phrase “the first 100k is the hardest” is one of the most-quoted lines in personal finance, often attributed to Charlie Munger and echoed by Warren Buffett. And while it sounds motivational, it’s not just a mindset thing. There’s real math behind it. The
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How Much Do Doctors Make Per Hour? 2026 Physician Pay
How Much Do Doctors Make Per Hour? 2026 Physician Pay On paper, physician salaries look very high. But when you break compensation down by hour worked, the picture becomes more nuanced. Doctors play a crucial role in healthcare, managing chronic conditions, urgent care needs, and complex treatment plans in busy clinics and hospitals. In recent
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401k Alternatives: What to Do If a 401(k) Isn’t Enough
401k Alternatives: What to Do If a 401(k) Isn’t Enough For years, the 401k has been marketed as the default path to retirement (especially for dentists/doctors). Max it out, invest in mutual funds, and wait until your 60s. For some people, that works just fine. But for many high-income professionals, business owners, and independent contractors,
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The 6 Money Truths I Wish I Knew 10 Years Ago
The 6 Money Truths I Wish I Knew 10 Years Ago Ten years ago, I thought success was simple. Make more money.Produce more.Collect more. As a dentist, I believed that if I just worked harder, everything would eventually fall into place. Then I injured my hand skiing. And overnight, I learned a lesson I wish
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Unrealized Gains Meaning vs Realized Gains and Losses
Unrealized Gains Meaning vs Realized Gains and Losses Understanding unrealized gains is one of the most important concepts in investing and one of the most misunderstood. If you’ve ever looked at your investment account and seen your balance go up (or down) without selling anything, you’ve already experienced unrealized gains or unrealized losses. In simple
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The Simple Path To Wealth Summary by JL Collins
The Simple Path To Wealth Summary by JL Collins If you’ve ever felt overwhelmed by investing, you’re not alone. The financial world is made out to be complex and full of people telling you there’s a “better” or more advanced way to build wealth. That’s why The Simple Path to Wealth resonates with so many
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How to Retire Early: Practical Steps to Financial Independence
How to Retire Early: Practical Steps to Financial Independence The dream of retiring early is a powerful one—leaving the daily grind behind to travel, pursue passions, or simply enjoy more time with family. For many it feels like a distant fantasy, reserved for the ultra-wealthy or those willing to live on a shoestring budget for
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How to Pay Off Your Mortgage Faster: Practical Steps
How to Pay Off Your Mortgage Faster: Practical Steps If you’ve ever wondered the most brilliant way to pay off your mortgage, you’re not alone. Homeowners often feel torn between making extra mortgage payments, investing extra money, or keeping cash on hand for peace of mind. The truth is, the best way to pay off
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Financial Order of Operations: The Ultimate Money Guide
Financial Order of Operations: The Ultimate Money Guide If you’ve ever felt unsure about what to do first with your money, you’re not alone. Nobody told me what to do while in dental school (they only taught me how to make it!) Many people earn a good income, save a little, invest a little, pay
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Who Needs a Trust Instead of a Will? Key Differences Explained
Who Needs a Trust Instead of a Will? Key Differences Explained When it comes to estate planning, many people assume that having a will is enough (that’s what I thought when I first got out of dental school). A will is important, but it isn’t always the best or most complete solution, especially if you
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What Are Some Of The Things You Should Look For When Selecting The Right Bank?
What Are Some Of The Things You Should Look For When Selecting The Right Bank? Choosing the right bank is one of the most important financial decisions you will ever make. Your bank affects: how you manage your money how much interest you earn what fees you pay how easily you can access your funds
