Category: Personal Finance

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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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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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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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

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Usually when a New Year rolls around, many are thinking about setting new goals and resolutions. There are numerous studies out there touting why most people don’t reach them such as: making them too vague and impossible to reach. As someone that’s always been goal oriented, I feel that many fail because they only list

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Is there really a difference between rich and wealthy? There is but it seems that most don’t know what that difference is. According to a recent survey, investment firm Charles Schwab asked 1,000 Americans, “How much money would it take for you to feel rich?” Survey says!: 2.4 million For them, being wealthy meant:  Spending time with

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I read a lot of great material each week on other personal financial blogs such as: ESI Money,  Physician on Fire, Passive Income MD and many others. Most topics are centered around becoming financially independent, retiring early, saving money and living a balanced life. Unfortunately one of the best kept secrets, which happens to be

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It’s funny how I run across ideas to write about. During our summer Adventures by Disney vacation to beautiful Yellowstone, good ole dad decided to venture out on a hike by himself while Mrs. DFD and kids went horseback riding. Little did I know, while braving the outdoors, I’d come across information for one of

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Our kids are now teens and tweens (yes, we feel old). It seems like every time my wife and I turn around, they’re needing money for something. If you have kids then you know what I’m talking about. Teaching kids to save money is one of the most important jobs we have as parents. For

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Here’s our latest interview with a doctor and his story on eliminating debt. 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 and we can talk about specifics. Be sure to read all

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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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6 Key Differences Between Samaritan Ministries vs Medishare It seems as if our “affordable” healthcare is becoming more and more “un-affordable.” Recently, our family’s monthly premium went from $480/month to $1596/month! Knock on wood; we have been a very healthy family until now. So I decided to research other options, which led me to something

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