Category: Personal Finance
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Debt Free Doc Interview 1
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, email me jeff(at)debtfreedr.com and we can talk about specifics. Be sure to read…
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7 Lessons On How To Live The Stealth Wealth Life
I was at my son’s junior high football game recently talking to my friend Tommy. He told me that he’d overheard talk in the stands about a group that donated money to our local high school for the use of a new pavilion in the end zone. He knew that I was part of this group but couldn’t figure out why my name…
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How to Avoid These 5 Common Student Loan Mistakes Made by MDs
How to Avoid These 5 Common Student Loan Mistakes Made by MDs by: Rebecca Safier As a doctor, you’re well-trained in the science of healing. But, unfortunately, there’s no quick cure for student loan debt. And chances are, you have a pretty severe case as most docs make many student loan mistakes shortly after graduating. According…
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4 Simple Backdoor Roth IRA Steps Every High Income Earner Needs To Know
Doctors, dentists and other high income earners are constantly looking for ways to lower their tax burden, especially when retirement rolls around. One of the best methods to achieve this is via the Backdoor Roth IRA. There have been numerous articles written about backdoor Roth IRA steps you can take to convert your traditional IRAs…
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11 Baby Boomers Retiring Statistics That You May Not Know
My parents are in the baby boomers category (born between 1946 and 1964) which make up over 25% of the U.S. population. This age group was the largest generational group in U.S. history (about 77 million) up until the millennial generation recently surpassed them. They have and continue to have a significant impact on the economy. Here are…
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Top 401k Early Withdrawal Exceptions for 2021 and Beyond
One of the most popular U.S. retirement plans is the 401(k). It seems as if each time I listen to the Dave Ramsey show, there’s usually a caller asking the question, “Should I use my retirement money to pay off debt?” There are consequences to doing this but also several 401K early withdrawal exceptions that you…
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The Hedonic Treadmill – Why Stuff Won’t Make You Happier
Recently I came across the idea of the Hedonic Treadmill in the fantastic book, The Happiness Curve: Why Life Gets Better AFTER 50 by Jonathan Rauch. This wasn’t a phrase that I’d heard of before but have experienced numerous times in my life. I occasionally get ideas for topics to write on through other personal finance blogs for…
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How To Live Frugally and Pay Off Debt From 6 Finance Bloggers
A long time ago in a galaxy far, far away. Sorry. You caught me reminiscing when I used to be a lowly dental student. Back then I didn’t give much thought about how to live frugally and pay off debt. Heck, I was going to be a dentist, make tons of money and live happily…
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Medishare Review – How I Saved $1116 a Month
Medishare Review – How I Saved $1116 a Month Are you tired of paying too much for health insurance? I was too & decided to do something about it. So in January, when our monthly bill (family of 4) jumped from $480/month to a whopping $1596/month, I knew a change was needed. I had heard…
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Truett Cathy: 9 Interesting Facts About The Chick fil-A Founder
Which fast food restaurant is known for their top-notch customer service? If you guessed Chick fil-A, you’d be correct (IMHO). Samuel Truett Cathy, founder of Chick fil-A, was one of the world’s wealthiest people at that time of his death in 2014 (age 93) but his story is what makes him so great. “We change…
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3 Shocking Reasons Why There’s a Baby Boomers Retirement Crisis
I recently surprised my wife with a tennis birthday trip to Key Biscayune, FL. While relaxing by the pool, I read an article from the Wall Street Journal titled, “Time Bomb Looms for Aging America” which opened my eyes to the baby boomers retirement crisis my parents generation are facing. (Before you chastise me, I…
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7 Secrets You May Not Know about the Top One Percent
Who Are The One Percent? What about the One Percenter income? We typically here the term “one percenter” tossed around rather loosely in the news these days. So, who exactly is a “One Percenter?” We know for a fact that those that fall into this category own the majority of the world’s money. I don’t…