The Different Speeds of Money

I was listening the other night to a talk about testosterone and investing, and why this isn’t the best combination.  Something about risks, returns, and not beating the market.  And it struck me–do you really need to Beat the Market.  The answer is no.  And yes.  But no.

Really, the answer is–how fast do you NEED your money to grow.

Continue reading “The Different Speeds of Money”

I Bought a House In Residency, or Do As I Say, Not As I do.

A long time ago, in a galaxy far away, I was a senior medical student looking to buy a house.  There were no blogs back then–let alone the doctor financial blogs we have now–detailing why this is a bad idea.  Or maybe a silly idea.  To be fair, my Dad wasn’t so keen on it, but at that stage of life I wasn’t listening.

Continue reading “I Bought a House In Residency, or Do As I Say, Not As I do.”

Tax Free Coffee Money (aka My Residency Roth IRA)

There I was, a newly-minted intern, hanging out with my fellow newly-minted interns.  Somehow the discussion turned to retirement accounts–I swear, it wasn’t I who introduced the topic!– and V. says that his dad recommended he put money away for retirement.  His dad had done so during his residency, and still had that money in its own account.  It wasn’t much, but he told V. it was enough “to buy coffee when he retired.”

Continue reading “Tax Free Coffee Money (aka My Residency Roth IRA)”