Discounts for Health Care Workers White Coat Investor
50% off on select items on thenorthface.com and at The North Face owned retail stores in the United States. 10% discount on non-clearance items at outlet stores. Helly Hansen. 50% off. ASICS. 40% off. Adidas. 30% off. Boden. 20% off plus free shipping on orders over $49. Merrell. 20% off footwear, accessories, and clothing. Nike. 20% off
Actived: 1 days ago
How to Get Discounts On Your Physician Disability
So if an agent can sell a woman a unisex policy instead of a gender-specific policy, that “discount” can be worth 15-30% off. Bob Bhayani said this about unisex rates: Discounts vary from company to company; they can range from 10% to 30% on gender distinct rates and nowadays, in few cases, unisex rates.
Why I Don't Go For 0% Financing Deals (Anymore) White
I'm certainly not guilt-free in this respect. Not only did I drag my mortgage out for a couple of years longer than we needed to (and came out ahead doing so) but we also pay our taxes using a credit card (for a mere 0.13% arbitrage, some float, and convenience) and have used 0% credit card deals to fund a Roth IRA in the past. But we don't really do it anymore.
Yes, Residents Can Save For Retirement
But we still had it paid off in 2 years (shortly after I started fellowship). A $650 rent, 2 paid-for small cars serviced by Mechanic Youtube, dining out on coupons only, bathroom sink haircuts for all 3 of us, an abiding love of thrift stores, and living in proximity to Aldi can go a long way. This may be extreme to some. I am merely
9 Ways To Increase Your Investing Return
An extreme example of this includes Peer to Peer Loans, an asset class I invested 5% of my portfolio in for a few years. While my very safe bonds in the TSP G fund made 1-2% a year, I made 8-12% off Peer to Peer Loans, even after the frequent defaults.
How frugal are you. Teach me thy way.
Every 18 months I transfer say $100K to the CC's and pay off within 18 months. I can do this 3.5x within the 5 years it takes to pay off the entire loan, in the meantime transferring $350K in debt at rate of 0% for 5 years, effective lowering that 5% rate to whatever the reduced hybrid rate turns out to be (depending on the size of the total loan).
How frugal are you. Teach me thy way.
1. Use coupons if they are for something we genuinely use. 2. We never buy from a bookstore. There is the library which has up to date and amazing books, videos, eBooks, magazines.. 3. We always shop around for the best gas prices. 4. I grew up with parents who were always making us kids aware of turning off lights.
How frugal are you. Teach me thy way.
1- we dont cut coupons 2- we dont haggle those items but also get multiple quotes. 3- always look for deals. buy when things are on sale 90+% of the time. if what i want isnt on sale, i dont get it. the luxury of money is being able to wait to pull the trigger for non-essential items.
22 Things Dave Ramsey Gets Wrong (and Right)
Then we have regular expenses which we keep very low. We don’t keep up with the Jones, we use coupons, our family of four spends under $400 a month on groceries, etc. If we took our emergency fund and paid off the medical loans, we’d still be 70k in debt and be in trouble for 90 days before DI kicked in.
WTF Millionaire Next Door
As recommended, I've been trying to read more financial books. I'm about halfway through Millionaire Next Door and. I just can't even with this book. Was it originally written in the 1950s or something? It thinks that for me to get wealthy I'm supposed to spend my days clipping coupons while my husband toils away at his job. All of the millionaires profiled are men. The only women profiled
Where to Save $100K for Private Real Estate
Remember that the Fire Your Financial Advisor Course is now $799. Financial Wellness and Burnout Prevention for Medical Professionals with CME is $1,099. But for the next two weeks, from now through February 22nd, you can get $100 off using coupon code WELLNESS100. Buy the New Fire Your Financial Advisor Course Today for $799 $699!
An Appropriate Amount of Investing Risk
When I have paid off my student debt or turn 40 (whichever happens later) I will start allocating more funds to bonds, likely ramping it up every 5 years. I write a post regarding the debt cs investing you can check out on my site if interested. I definitely think reallocating towards bonds as we near retirement is important.
5 Questions to Answer Before Buying Individual Munis
There are thousands of different issuers, coupons, maturities, and call structures. While regulations mostly ensure you will never get totally ripped off when buying and selling munis (I’m defining “getting ripped off” as being charged more than 5% of true market value), it’s …
Taking Surveys To Make Money
When I was a resident, one of the junior residents asked me if I was interested in making $125 for 45 minutes of work. He had received an invitation to complete an online survey, which would have paid him $250 to answer various marketing research …
Fire Your Financial Advisor Course UPGRADE Plus CME Option
Instead of having to pay the regular price of $799, between now and February 22nd, you get all this for just $699, a discount of $100 (use coupon code WELLNESS100). As usual, there is no risk to you. You still get a 1 week, no questions asked, 100% money-back guarantee so long as you have not taken more than 25% of the course.
A Budget Without Payments White Coat Investor
General Peds with sahd hubby. Married 21 years. We are 45&46. House paid off in 7 months. Vacation condo paid off in 12 months. Student loans paid off since 2003. Cars paid off. Never had credit card debt. 2 kids in private middle school. A ton of savings- so close to financial freedom. It can be done on a pediatrician salary.
How and Why I Retired At 53
However, I still live off of a salary > 90% of americans and have some money left over for vacations, toys, hobbies, etc. We as physicians can definitely retire early if we want to. We make more money than the vast majority of americans, but many physicians feel the need to spend too much money for whatever reason.
For example, if your marginal rate was 28% + 5% = 33% total, and a taxable bond fund yielded 5% and a tax-free bond fund yielded 3.8%, then you would be better off with the tax-free fund (3.35% vs 3.8%). If your marginal rate was 15%, then you’d be better off with the taxable bond fund (4.25% vs 3.8%). Hope that helps.
The Story of The White Coat Investor Part 2 White Coat
For the next 4 days, it can be purchased for 10% off by clicking here and entering coupon code “WCI” at checkout.] This is part 2 of a three part series where I tell our “origin story.” If you missed part 1, I suggest you read that first. We left off yesterday at the end of medical school, where we'll pick up the story again… Residency
$5 off book Amazon
I just got $5 off WCI Financial Boot Camp book on Amazon. It was a coupon code that flashed as I was paying and didn't appear to have strings attached. Hopefully I won't find out that I have signed up for a copy of this book to be automatically shipped to me q month.
I never imagined I would consider an AmEx Platinum Card
My younger, quite financially disciplined self carried only no fee credit cards and we always paid them off every month. I tended to prefer to cash back cards as I value simplicity. These days we have reached FI but I am still working. So we often look for ways to splurge and …
Investing in Bonds -- Back to Basics White Coat Investor
Imagine that you loan your buddy $100 (the principal) for 5 years (the maturity), but that you want to make some money for doing so. You decide to charge him 5% a year (the coupon).). So every year he has to pay you $5. Then, at the end of year five, he gives you $100.
Discuss Latest WCI Blog Post: Teach Your Kids About Money
Starting off with a brick and mortar bank takes time, but it does allow the kids to go into the bank, interact with the teller, and make the deposit/withdrawal themselves. We had the kids cut coupons for the grocery store and split the money we saved. Everything takes time, but the lessons are important. They never got lessons on the price
When Is a Warranty a Good Deal
Frequently on fatwallet.com and slickdeals.net in the hotdeals forum there are coupons for significant percents off. This company also seems to have a good track record with the fatwallet and slickdeal community and if anyone is going to game the system, it will be folks from there. While i enjoy finding a good deal, some of the lengths those
We lived like paupers during my training (doing my own repairs on my beater car, going out to restaurants twice/month on coupons, etc.) so we could max out our Roth space every year while we were in the 15% bracket. So, we put about $29k/year into our IRAs/403b during training and put as much as we could after that towards loans.
Maximum Student Loan Debt to Salary Ratio White Coat
By the time I paid it off 2 years after a 4 year residency, I had made $296,929 in payments. $85,765 in interest payments (post tax at a higher tax bracket). I am going to be judgmental and state that taking out more than $250,000 in loans today is not frugal, because you’ll be well into the mid to upper $300,000’s in total payments if you
Financial Survival As A Resident
Instead, focus your search on programs in the Midwest or Texas or a smaller town. “If Momma ain't happy, ain't no one happy.” And Momma or Daddy isn't going to be happy crammed into a 2 bedroom apartment in a major city with 3 kids, clipping coupons, and trying to get the beater through another 4 years of serfdom. High cost of living
Travel Hacking 101: How to Travel the World for Free
For example, I recently opened the Chase Ink Preferred Card for the 100,000 Ultimate Rewards points after hitting the minimum spend. This is worth nearly $1,250 of travel rewards. I think I could find a destination for that. With that kind of welcome bonus, I want to accelerate my minimum spending requirement (i.e., spend $5,000 in the first three months) as soon as possible.
The Value of Physician Leadership
Fire Your Financial Advisor is now $799. Financial Wellness and Burnout Prevention for Medical Professionals with CME is $1,099. But for the next two weeks, from now through February 22nd, you can get $100 off using coupon code WELLNESS100. Buy the New Fire Your Financial Advisor Course Today for $799 $699!
Teaching kids finance/saving
Try using coupons at the grocery store as a way to teach your kids about saving money. Our kids split any money we saved at the grocery store when we had a coupon for something we would normally purchase. They became adept at finding the coupons and quickly learned about double coupon days.
Captive Insurance Companies for Physicians
Tony has a 23 page ebook on the subject which he his giving to WCI readers for free (use coupon code HJ56C) or if you prefer, a video. “Good afternoon Tony. I have about 20 minutes to spare,” said my personal cardiologist, as I entered his office one afternoon recently.
The Wrong Way to Think About Debt White Coat Investor
If you don’t pay off the mortgage, you can invest that $500K. What does the difference end up being? Either way, after 15 years the mortgage is gone and you have some lump sum of investment. If you pay off the mortgage, you invest $43,412 per year. If you don’t pay it off, you invest $500K once. Let’s say you make 8% on your investment.
The Hidden Costs of a Dual Income Household White Coat
There is a credit available for child care expenses. It is $3K for one child, or $6K for more than one child, multiplied by 20%. So the most you’re going to get is $1200 off your taxes. It has nothing to do with your marginal rate. If you spent $40K on child care, you still just get $1200 off on your taxes.
The Best Credit Card For Gas
Another 5% gas card is the Sallie Mae 5% gas up to 250 bucks per month, 5% off groceries up to 250 bucks per month, 5% off books up to 750 bucks per month, and one percent limited on anything . Since my car runs electricity and gasoline, I really don’t buy much gasoline anymore unles I go on a superlong trip.
Financial Independence on a Low Income White Coat Investor
#7 We Paid Off Student Loans. She started a career as a college educator, with a modest salary but excellent benefits including a pension plan. In the first two years of our careers, we paid off her $18,000 in student loans. #8 We Didn't Move Around. We chose jobs that fit us well and we both maintain a passion for our careers.
What's the Best Age to Take Social Security
To calculate combined income: take adjusted gross income + half of social security benefits + nontaxable interest (such as municipal bond coupons). Most high-income earners should assume they will have up to 85% of their social security taxed, as is the case for both SS62 and SS70.
Why You Should Avoid Bond ETFs
By contrast, Ford has a range of bonds of varying issue dates, coupons, and maturities. Since there are so many more individual bonds than stocks, the bonds can be highly illiquid. During a financial disturbance, when liquidity becomes even thinner and most corporate bonds trade only “by appointment,” the AP mechanism fails, often at
Market timing vs Intelligent change in AA
Age 46 I am basically FI. Currently have an AA that has too much in stocks for my risk tolerance. 1-4 years from retirement. Strongly considering retiring in 1 year, as I don't think we will run out of money (could live off 3%) and medicine has been good to me but there is more to life. Current AA is 86% stocks and 14% bonds
Thrifty Doctors White Coat Investor
Thrifty. Frugal. Cheap. Similar meanings with different connotations. One, a lost virtue. Another, an insult. I find that I tend to swing rapidly between being ultra-frugal and being a spendthrift (although my wife would say I spend far more time on the left side of that pendulum). I like to think of it as spending my money on those things I value most, but deep down I know there isn't always
COVID is making my patients fat
Well, the lockdown is. Or their parents are. Or they themselves are. And most of them were fat to begin with - or atleast overweight. But this is 2-3 years worth of body weight gained in less than 1. Seriously fat. Like, gaining at the rates of 3-4 lbs/month for most of 2020 fat. TSLA in 2020:index funds::my patients'
Top 16 Reasons It Sucks To Have A Low Income White Coat
16) PSLF Results in Much Less Forgiveness. Yes, doctors and lawyers have to take out much bigger debts to go to school. But if they're willing to work for a 501(c)3 or government entity, they can also get those loans forgiven after just 10 years.
Solo401K: Which Vendor if want to do MBD Roth
Discount Solo 401K ($250 set up fee after $325 coupon code and then $125 per year) Solo 401K By Nabers Group ($399 set up and $99 per year) MySolo401K ($425 set up and $125 per year) Rocket Dollar ($360 set up and $180 per year or for "Gold Service" $600 set up and $360 per year) Am I missing any other companies that I should be consider? Thank
Maximize Profits With a Concierge Medical Practice Model
3) It’s given me my life back for sure – I have a full panel of 600 patients and see 6-8 per day, come in at 9, leave at 4 and take Friday afternoons and Wednesday mornings off 🙂 4) I actually feel my incentives are MORE aligned with patient care rather than customer satisfaction – Instead of 4-5 visits/copays/claims, I can help
Investments Come In Many Forms
Even when I am spending late hours with physicians, out of town at conferences, making her go to bed alone because I am up studying, she is lovingly supporting and encouraging me. Her confidence in me makes all the difference. So… we continue to FaceTime loved ones on holidays, clip coupons, and make the most of the time we have together.
Why You Should Avoid Individual Municipal Bonds
Risk may pay off with equity, but not with bonds. In fact, the author makes a convincing case for CDs. Since CDs cannot be bought by institutional investors, there are plenty of opportunities for higher rates than can be achieved by highest-quality corporate bonds or treasuries, with essentially no risk if FDIC insured.
Advice for investing
I never purchased anything I didn't pay off within 5 years including real estate and cars. Match or not, always maximize tax deferred retirement accounts If single, marry someone with similar financial goals and stay married. When it's time, spend for a happy family but spend wisely. Coupons. Avoid subscription services.
The Most Important Year Of Your Financial Life
You don’t have to be quite that extreme, but if you can live off $80-100,000, that leaves another $100,000 or so of net income that can go toward paying down student loans, saving up for a down payment on a house, or catching up to the retirement funds of your college roommates who haven’t spent the last 7 years making little to nothing.