Finance Fridays


Hey everyone, it’s Finance Fridays. After looking through some of my old posts, I have alluded to Credit Card Debt and how bad it is for you. However, I realized I’ve never talked about it explicitly. So let’s talk about Credit Card Debt. Stock Photo from: Pexels Ok, so let’s discuss Credit Card Debt Remember how I mentioned compound interest before and how powerful it is? Credit Card Debt is like that, except probably even […]

Credit Card Debt #illumedati   Recently updated !


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Hey everyone, it’s Finance Fridays and this is going to be one of those “right now” posts. I received a comment on my post about Roth 401k/403b in Residency. I was going to write a relatively long comment, but instead I’ve decided to turn it into a complete post: Roth 401k/403b in Residency Case Report. Stock Photo from: Pixabay Here’s the comment: (from Queue) My wife and I are making retirement a priority. We’re just about […]

Roth 401k/403b in Residency Case Report #illumedati   Recently updated !



Here’s the Finance Fridays Roadmap Update 6-7-2017: So pour some coffee, sit back, relax and click on some of these links: Stock Photo From: Pixabay I don’t know anything about Finance and Investing: Talking the Talk Priorities Part One, Part Two, and Part Three The Philosophy Pay Yourself First Dr. Who? Dr. You “Dr. Lee” A Financial Planning Case Report Ok, I’m beginning to understand now… what else you got? Compound Interest Index Funds The Biggest Mistake of […]

Finance Fridays Roadmap Update 6-9-2017 #illumedati


Hey everyone, it’s Finance Fridays again and this is going to be a relatively short post about Catchup Contributions. Stock Photo from: Pexels What are “Catchup Contributions”? Well, your normal allowable yearly contributions to 401k/403b and 457 are $18000 (as of 2017). However, after the age of 50, this limit increases by $6000 to $24000 in order to help “catchup” in preparation for retirement. This also increases the prior maximum contribution of $54,000 (2017) from all […]

Catchup Contributions #illumedati



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Hey everyone, it’s Finance Fridays again and I’m going go back to the basics again. Most of Finance Fridays is geared toward securing a stable retirement. However, the more immediate goal is to establish Positive Net Worth. Stock Photo from: Pexels What is Positive Net Worth? Well, it’s not too difficult to understand. You tally up all your financial assets that you have and subtract your liabilities (debt). As a physician, this is important because […]

Positive Net Worth #illumedati


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Hey everyone, it’s Finance Fridays again. I have a few things that I was planning to talk about today, but something new happened that I think is worth talking about. For many of us, Student Loans are a heavy burden to bare. For some, you may have opted to go the route of Public Service Loan Forgiveness (PSLF) to have some of your loans forgiven. However, Trump’s new proposal may throw a monkey wrench in your […]

Public Service Loan Forgiveness (PSLF) and Trump #illumedati   Recently updated !