A Straightforward Approach to Determining Total Assets and Net Worth
Total Net Worth is a snapshot of your financial well-being and is derived by calculating the total value of all assets after subtracting debt and liabilities.
Your 2025 Guide to 401(k) Catch-Up Contributions
Retirement plan participants aged 50 and above can make higher than the standard contributions to 401K, IRAs and other types of tax advantaged retirement accounts to ensure that they save enough for their approaching retirement years.
Essential Insights on IRR: Meaning and Calculation for investments
(IRR) is the return on an investment which takes into account the cash flows and time scale. It is the discount rate that makes the Net Present Value of all cash flows equal to zero.
Essential Steps for Property Investment Analysis and Evaluating Investment Properties
Conducting a property investment analysis will help ensure you choose the right asset. Do a rigorous analysis of expected returns and cash flows and consider financing options and debt strategies.
Big Tech & Early Retirement: The FAANG and FIRE Connection
FAANG employees have many advantages in achieving Financial independence but need to plan their goals, guard against lifestyle creep and invest wisely. A key priority for tech workers is managing their RSUs while ensuring asset diversification.
Five Surprising (and Scary) Financial Facts
Americans save just 3.5% of their income. 42% of Americans do not have any emergency savings. The Average Credit Card Debt in 2024 was $6329. 27% of Americans Use a Financial advisor. The Median Retirement savings is $87,000 for American Families
Physician FIRE: How the FIRE Movement Affects Doctors’ Careers
Physicians have the potential to achieve financial independence early, despite challenges such as a relatively late career start and high student loans. With the right plan, MD FIRE or Doctor FIRE goals become achievable without compromising patient care or personal well-being.
A Doctor’s Guide to the Two-Fund Investment Strategy
The Two Funds Investment strategy involves investing your assets into just 2 mutual funds – but these funds provide all the diversification needed while also helping with asset growth.
What Percentage of My Net Worth Should I Have in My Home?
The ratio of real estate to net worth depends on many factors such as age, location, existing assets and your risk appetite. A rule-of-thumb is to maintain 20% to 40% of your net worth in real estate.
Shattering the Doctor Car Illusion
Depending on the stage of your medical career, buy an affordable and reliable car that helps you get to where you need to go. Buying a high status doctor’s car has significant opportunity costs and can burden you with more loans and stand in the way of achieving other financial goals.
The Complete Guide to Leveraging Debt for Real Estate
Leverage in real estate is the act of borrowing money to buy property. Real estate leverage is a good strategy for building long term wealth but comes with higher risks in market downturns and lower cash flows due to mortgage expenses.
How to Buy Your First Investment Property: A Step-by-Step Guide
Evaluate your readiness for real estate investing. Analyze the market and analyze ROI, cap rates and breakeven rent, and model negative market scenarios as part of your analysis.