Now that my month of technological nightmares are behind me, I’m more than happy to share with you what I’ve learned since mid-December. As you could probably guess from my dearth of blog posts lately, I have had serious IT issues which resulted in me spending days—yes, days—at the Apple store/on the phone with them.
Last week, I had a fantastic 8 days. So I wanted to share what I learned after A) going on a cruise to Cuba with Physician on Fire, etc and B) attending FinCon 2018 (a gathering for financial bloggers and podcasters—where I mostly hung out with the 20+ Physician bloggers there):
1) “We’re not alone!” This is the single most common refrain—with relief evident in their voices—people repeatedly said as they remarked how refreshing it was to meet others like them. Continue reading “You are Not Alone: the Importance of Finding your Monetary Tribe (#FinCon2018 Recap)”
Behavioral finance is a growing field with bright minds uncovering irrational decisions humans make. Many errors can be avoided, we just need to be consciously aware of these possible traps.
According to Terrance Odean*, investors usually sell stocks that have gone up and hold onto stocks that have gone down. This is known as the “disposition effect.” Further studies show shares sold tend to keep going up and stocks held continue to drop. This alone leads to most investors getting a lower return on their investments.
Last week I wrote about how anyone who writes anything—be it emails, personal statements, or CV’s—should read this so they can improve their writing and get ahead in life. Today we pick up where we left off: Continue reading “Anyone who writes ANYTHING needs to Kill their Darlings and Get a Dragon Lady (Part Two)”
Today’s blog is a brief break from finances in that I’m going to write about a skill everyone needs to possess to get ahead in this world: written communication. However, this blog is still indirectly related to finance because better writing skills mean you land better everything: jobs, training spots—even spouses (hey, someone has to write those love letters—though I guess it’s emails and text messages these days).
Anyone who writes anything—be it emails, personal statements, or CV’s—should read this so they can improve their writing.
Financial bloggers are changing people’s lives. One changed mine. More than one really. But a lot of these bloggers are losing their reader’s interest for a variety of reasons. These well-intentioned writers suffer from the same recurring problems:
Or maybe this blog title should be: How I have time to type so much nonsense into the computer and an update on our search for financial freedom (hint: we completed our quest!).
First, with all I juggle, I don’t feel like I have oodles of spare time—I think I am barely hanging on. But my Dragon Lady (my secret weapon about whom I’ll write in the future) instructed me to tell you all more about myself. And maybe some of my weird quirks can help you achieve your financial goals. So here is my confession:
We had an 85% savings rate in 2017, which beat our 63% savings rate in 2016! It wasn’t easy. At all.
I know—you’re asking how this was possible and how did we calculate this? And lastly, why would anyone want to save so much money in the first place? (#YOLO crowd, here’s looking at you!) 😉 Continue reading “How a Physician slashed her spending”