I think it’s finally time we move on from California licensure information and move back into some financial discussions. So let’s get started. I can’t speak for everyone, but I know that for myself I am constantly throwing around the ideas of retiring early, working part time, or pursuing other side hustles or passions outside of the current work I do in healthcare. You may not be throwing around these ideas yourselves but maybe you are thinking about taking on a house flip, taking a sabbatical from work to travel, or buying a new, expensive piece of technology to potentially advance your career or business. All of these decisions can…
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Please Don’t Withdraw Your 401k
This new post comes from a real story I heard this past week at work. As many know, work (especially in the therapy gym) is the common place for all sorts of different stories, understandings, thoughts, conspiracies, and beliefs to be shared freely. Most people don’t want to hear your political, religious, or financial advice but work gives people a nice buffer to express freely without as much kickback, especially if you are the customer. This holds even more truth in the healthcare field, especially when you spend 10+ hours with one patient by the end of their POC as we do in PT frequently. Although I do enjoy hearing…
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Embrace the Ride: Investing for the Short Term vs the Long Term
As I talked about in my previous post on Market Timing, I start out by stating that the majority of us are and should be investing for the long term. Long term meaning expected retirement dates 10, 20, or 30 years out. I say this again now, because I think it’s important to look at the market history over a short time frame vs a long one to show that the recent events, albeit scary, are right on track with history. If anything, the recent extended bull market may have been the outlier. What may look like extreme stock market volatility on the micro level is really just a small…
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Coronavirus: The Importance of a Financial Crisis Plan
It was Sunday at noon when I received a call from my secretary. I had missed her call earlier in the day and it was her off day so I figured it was important for her to call again, so I answered. See, at this time, I was hiking a trail in the outskirts of Sedona, practicing social distancing. So I found a spot with okay service near the peak of the trail and answered. I was supposed to be hiking Zion National Park, and visiting Las Vegas this weekend for the first time during possibly the best sporting event of the year, March Madness. I had even taken two…
