Q. Should I get back into the stock market? I am 11 years out of residency and have made many of the mistakes you have listed on the site. The primary one was getting OUT of stocks entirely with the 2008 crash. Oi. Now I have all this cash and some bonds, and I want to reinvest, slowly, and think the market is overvalued.  I hate the thought of getting back ...

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College I went to a fairly expensive college, George Washington University. I think at the time (1998) it actually was one of the, if not the most expensive schools. Why did I decide to go there? Well, my brother was attending the school and living in Washington, DC seemed amazing to a suburban boy from Tennessee. Sure, I had gotten into University of Tennessee with a scholarship, but adventure won over ...

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In my last post, I told my story of how I got out of medical school with only $18,000 of debt. By the time I left residency, I had that whittled down to $6,000 at 3% interest. Then during the next three years after starting my practice, I had accumulated almost $500,000 of new debt. Initially, I didn’t think anything of this new large debt, after all, I ...

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I loved my Prius. I’m not a car guy.  I’m really not.  But when my Prius started to fail after 120K miles, I took an active interest in picking my new mode of transportation.  I had a few caveats.  I was driving 100 miles a day.  I wanted either a hybrid or fully electric car.  And I needed something safe for the snow.  Preferably four-wheel drive. My first instinct was to get ...

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I’ve been thinking about mortgages and savings a bit more than usual lately, and with good reason. My father recently retired from his nearly 40-year career as a physician, and in trying to be a good son, I’ve been helping him prepare for the transition financially. This involved taking an account of what he has saved up, his investments, and his expected cash flow. For him, the future that many ...

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The decision to retire is a difficult one for anyone, including physicians. However, with everyone’s investment accounts so flush with money because of the bull market, a lot of physicians younger than the traditional retirement age of 65 have enough money to retire early. Some have chosen to do so; others have chosen to continue to work even though they are financially ...

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At some point in our lives, most of us have learned to live on very little.  For example, if you’ve ever been a college student, you’ve mastered the art of living in the same house with a dozen other people, finding free meals, and using public transportation. Back in the early 2000’s, when I was a college student, I estimate that I spent about $15,000 per year on living expenses (aside ...

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We are now almost 2 1/2 years into this parenting thing. It is a pretty amazing thing, raising a toddler. There are a lot of awesome days, watching him learn and explore his surroundings. The sentences that are coming out of his mouth now are pretty wild. He is funny, has a good amount of potty humor, and is all around a cool kid (at least I think so). That is ...

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When I was a young lad, just heading off to college, I had no debt. I had no credit cards. My family didn’t use debt for purchases other than buying our house. I really didn’t have any knowledge about how to best use debt. My student loan package included a scholarship, a work-study program and $1,500 a year in student loans. I earned about $4,000 each summer working in the ...

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My blog is called "DiverseFi" because my path to financial independence was not the typical one. Although I’ll talk more about this in another post, my journey neither started from humble beginnings nor was frugality my guiding principle. In fact, it was only after discovering the FIRE community, did I realize that I was indeed financially independent. That changed my life. Changed my habits. I slowly became more ...

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