Finance

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Hey everyone, it’s Finance Fridays again. There was a recent blog post from White Coat Investor titled “How to Live on $350k in Hawaii“. PhysicianOnFire (PoF) tagged me in it and I promised to give my perspective on it. So today let’s talk about “Being a Doctor in Hawaii” Being a Doctor in Hawaii Edit: This post is 2350+ words, so pour some coffee and take your time. Before we begin, I’d recommend going over […]

Being a Doctor in Hawaii #illumedati

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Hey everyone, it’s Finance Fridays again. Last week we talked about “different numbers” for “different Walters”. Today I want to discuss “How Much is Too Much?” How Much is Too Much? This question is mostly centered around retirement. As you know, my “number” currently would be considered especially high by some. For example, the friend of mine who needed $4 million, clarified to me that he only needed $4 million in all assets, which I […]

How Much is Too Much? #illumedati

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Hey everyone, it’s Finance Fridays… but I forgot to write this post on Friday — so here it is — on Saturday. Sorry about that. Anyways, let’s do a “Windfall Management Exercise”. Windfall Management Exercise? Yea. I’ve talked about windfalls before in some previous posts. A windfall is defined as: 1: something (such as a tree or fruit) blown down by the wind 2: an unexpected, unearned, or sudden gain or advantage from Merriam Webster In this […]

Windfall Management Exercise #illumedati

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Hey everyone, it’s Finance Fridays again. I’ve talked about this before, but I think it’s worth looking at again. Today we’re going to answer the question “Should I use a Roth 401k?” Should I use a Roth 401k? I’ve talked about this before, and in general, I think the best (and only) time to use a Roth 401k is when you are in residency. You can read about it here: Roth 401k/403b in Residency Roth […]

Should I use a Roth 401k? #illumedati

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Hey everyone, it’s Finance Fridays. As you may know, I’m a big proponent of buying a car used. However, today, I’m going to look at an alternative I will likely never do, but can try to explain the reasoning for… “The Case for Leasing a Car“. The Case for Leasing a Car Like I said before, this is something I will likely never do, but I want to explain that it may make sense in […]

The Case for Leasing a Car #illumedati

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Hey everyone, it’s Finance Fridays again and this is going to be a short post today (I think). Today I’m going to discuss “Lifestyle Creep“. Lifestyle Creep By the way, that picture is only kind of related. I just kind of searched for “hiding” and this picture came up. I think it illustrates the idea of “creep” with a harmless looking squirrel “creeping up” on you from the front of their toy train. It made […]

Lifestyle Creep #illumedati

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