How to Pay Off Credit Card Debt Fast: 3 Smart Steps
Here is our 3-step process to pay off your credit card debt and get back on track with your finances. Lower your APRs, audit your debt to pay it off faster and build a debt repayment strategy.
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No-Spend Challenge Rules & Benefits: Why It’s Worth Trying
Think of the No-Spend Challenge as a detox for your personal finances. Commit to cutting out all non-essential spending for a defined period of time. The goal is to give your money a fresh start and build better financial habits that you can rely on for the longer term.
Unrealized Gains Tax Simplified: Essential Insights for Affluent Investors
Unrealized gains tax refers to the taxation of profits on investment that have gained value but not been sold yet. These gains exist only on paper and are not realized as income until sale of the asset.
Leveraging Investments: A High Net Worth Introduction to Pledged Asset Lines
A pledged asset line is a credit facility that uses your investment portfolio as collateral. You pledge securities like stocks, bonds, and mutual funds to secure a line of credit, then borrow against that collateral as needed.
How to Recession-Proof Your FIRE Strategy
A step-by-step guide to ensure that you plan for financial independence in a tough economy.
Family Trust Meaning: Purpose & Benefits
Think of a Family Trust as an encrypted USB vault for your wealth. You load the assets, give the passcode to a trusted person, and set the future date when it unlocks for your loved ones.
Should You Hire a Wealth Manager? Here’s What to Consider
Evaluate wealth management firms based on factors such as their fee structure and whether they operate as a fiduciary for their clients. Busy professionals who prefers to make their own decisions can consider an AI based financial planning tool such as Planwell
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.
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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
financial planning for doctors
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.
financial planning for doctors
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.
Real Estate
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.
financial planning for doctors
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.
Real Estate
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.
Real Estate
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.
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How to Consult ChatGPT on Personal Finance & Where It Falls Short
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
Physician Side Gigs For Supplemental Income & Financial Independence
The benefits of physician side gigs include paying off student loans, financial independence and tapping into one's creativity.
financial planning for doctors
Disability Insurance for Physicians: Safeguarding Your Earning Power as a Doctor
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
7 Myths: Why Whole Life Insurance Is Actually A Bad Investment
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
Physician Whole Life Insurance: Is It Worth the Cost 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.