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.
Real Estate
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.
AI financial advisor
ChatGPT is a powerful AI tool for personal finance. However Planwell's fully personalized AI financial planner and advisor uses its own financial models to ensure accuracy and provides superior data visualization.
financial planning for doctors
The benefits of physician side gigs include paying off student loans, financial independence and tapping into one's creativity.
financial planning for doctors
It is important for doctors to get disability insurance to pay for living expenses in the event of a disability event. Disability insurance provides an income or a portion of income for you to live on if you become disabled.
financial planning for doctors
Whole life insurance is good mostly for insurance agents and not their customers. We will evaluate the common claims about whole life insurance and evaluate whether these are in fact, the benefits they are marketed to be.
financial planning for doctors
Whole life insurance is not the best insurance policy for most people due to high premiums and low rates of return. Most people will be served better with term life insurance.
financial planning for doctors
Financial planning for doctors requires a mix of strategies such as making the decision to pay down debt vs investing, maxing out all retirement options, buying insurance and investing.
Roth IRA
The Backdoor Roth IRA allows high income people to indirectly make contributions by converting a traditional IRA into a Roth IRA.
Real Estate
When considering buying rental properties, calculate the net operating income, Return on Investment (ROI) and Internal Rate of Return (IRR). You should also compare the investment to the opportunity costs, such as stock returns.
Financial Independence
Chubby FIRE involves retiring with a net worth of $2.5M to $5M and enjoying a comfortable upper-middle class lifestyle. Maintain a healthy balance between enjoying a good lifestyle while ensuring disciplined saving and budgeting.
Financial Independence
The Fat FIRE approach involves working very hard early in your career to save up a fat nest egg, retire early and enjoying a very affluent lifestyle in retirement.