Becoming financially literate means acquiring a very useful body of knowledge. Possessing this body of knowledge is such a rare phenomenon in today's world that having it, especially when combined with some financial discipline, is like a superpower. When I speak, I frequently demonstrate the importance of financial...
Historical market data can’t help you predict the future but I still find it useful as a way to understand the potential risks and rewards you can see as an investor. One of my favorite free sources of historical returns comes from NYU’s Aswath Damodaran. Each year he updates...
Recently, I published a post discussing the most recent Medscape burnout and depression survey results for physicians. An interesting point of discussion was that many physicians felt that if they made more money, they would likely be happier. Today, we will discuss the implications of this thought process...
GMO’s Jeremy Grantham is once again sounding the alarm on a stock market bubble. Grantham famously warned in advance of the dot-com bubble of the late-1990s and the credit bubble that popped in 2007. This is what he wrote last week in Waiting For the Last Dance: The long, long bull...
Today’s Talk Your Book is presented by Fundrise: We had Ben Miller, co-founder and CEO of Fundrise, back on the show for an update the direct real estate investing platform. We discuss: The bifurcation in real estate in 2020 Direct real estate vs REITs Setting expectations for returns in real estate The different types of...
Leti and Kenji at SemiRetiredMD ran a post a few months back answering a question I often get, “Can I use a Doctor Loan to Buy an Investment Property?” They correctly answered the question that, in general, you can't do that. Then they pointed out a handful of...
These are the two scenarios you’re going to hear about in the financial media in the coming days and weeks now that the Democrats have control of the White House, House and Senate: Scenario #1. The democrats are going to crash the markets with higher taxes. Buckle up. Scenario #2. The...
Burnout is a big risk to your finances. Your fastest path to cash is as a board-certified doctor. We want you to be happily practicing medicine for as long as you would like. Our guest in this episode is Dr. Dike Drummond The Happy MD. He has spent...
Today’s Animal Spirits is presented Masterworks. Go to Masterworks.io to learn more about investing in the art market. We discuss: Watching history unfold on social media Tech companies are more powerful than ever Is the stock market in a bubble? What if the stock market is causing bubbles? Fiscal vs. monetary policy will have a...
I had an arranged marriage. I was 24 years old, had graduated from Medical School, completed a year of internship and was planning to train further in some surgical specialty. I had dreams and goals. I had grown up in Africa and India. My parents were both well educated...