Retirement 101: Pay Yourself First (PYSF)

Retirement 101: Pay Yourself First (PYSF)

If you've been around the personal finance blogosphere, you probably have encountered this term - "Pay Yourself First." Or you may have read WealthyDoc's insightful guest post on Physician on Fire - Pay Yourself First? No, Pay Yourself Last.  Since I've talked a lot about PSLF, I thought it's time we pay some attention to PYSF.  So what exactly do we mean when we say "Pay Yourself First"?  Let me explain.

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The Achilles Heel of Robo-advisors - Wash Sales

The Achilles Heel of Robo-advisors - Wash Sales

Technology invites innovation, and sometimes revolution.  I sense a revolution coming in the investing space.  Robo-advisors like Betterment and Wealthfront, once scrappy technology startups, now commands billions of assets under management.  When I first signed up for Betterment in 2013, they managed a paltry $100 million.  Today, they manage over $9 Billion in investments!  Unfortunately, one of the best benefits of robo-advisors also happen to be their biggest shortcoming - let's talk about "wash sales".

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DEAL: $10 for $20 Starbucks eGift Cards

DEAL: $10 for $20 Starbucks eGift Cards

Starbucks is teaming up with Visa Checkout once again to offer a $10 bonus when you purchase a eGift card online of $10 or more.  Promotion expires 9/30/2017 or when 225,000 bonuses have been given out.  Better get on it!

  1. Go to https://starbucks-promotion.cashstar.com/
  2. Purchase a minimum $10 Starbucks eGift Card from the site using Visa Checkout.
  3. Enjoy your bonus $10!
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Future Proof Shares - 8/15/17

Future Proof Shares - 8/15/17

We live in an amazing world of constant information, sometimes it can get overwhelming.  "Future Proof Shares" is a weekly series with the goal of selecting 5 interesting pieces of media on money and medicine from around the Interwebs.  They may be old or new but will always be new to me.  This series is inspired by "The Sunday Best" by my fellow physician money blogger Physician on FIRE (PoF).  Enjoy! 

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PSLF - Facts vs. Alternative Facts

PSLF - Facts vs. Alternative Facts

Since the very beginning of FPMD, I've been recommending all graduating medical students to consider signing onto Public Service Loan Forgiveness (PSLF) if their residency training institution qualifies.  PSLF was literally the first post on FPMD.  Despite the uncertainty regarding the future of PSLF, the program remains an attractive option for past and current grads.  Yet I still get resistance from some students for reasons I will discuss below.  Let's address each of these commonly held "alternative facts".  Fortunately, the "facts" can be easily found at the Department of Education's publically available website on PSLF.

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Track Your Sales Tax Paid Using Mint.com

Track Your Sales Tax Paid Using Mint.com

If you itemize deductions, you can deduct either the state income tax or sales tax paid on your federal income tax return.  For most people, the state income tax will likely be the larger amount of the two unless you made a large purchase (e.g. car, boat etc).  But what if you're lucky enough to live in one of the great states without income tax (Alaska, Florida, Nevada, South Dakota, Texas, Washington, or Wyoming)?  Well then the sales tax deduction becomes a no-brainer!  Let me show you how I keep track of my sales tax using Mint.com.

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Future Proof Shares - 8/8/17

Future Proof Shares - 8/8/17

We live in an amazing world of constant information, sometimes it can get overwhelming.  "Future Proof Shares" is a weekly series with the goal of selecting 5 interesting pieces of media on money and medicine from around the Interwebs.  They may be old or new but will always be new to me.  This series is inspired by "The Sunday Best" by my fellow physician money blogger Physician on FIRE (PoF).  Enjoy! 

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Why Students Should Go to the Cheapest Medical School

Why Students Should Go to the Cheapest Medical School

Future Proof MD has long been a blog for medical students and residents.  Today I want to expand on that audience just a little and speak to those aspiring college students who are looking to commit to career in medicine.  There are many considerations that go into the important decision of choosing a medical school.  I hope to share with you my admittedly biased opinion.  The following post also represents my first article as a Doximity Fellow.  You can read the entire post at Doximity Op-(m)ed.  An excerpt is provided below.

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Future Proof Shares - 8/1/17

Future Proof Shares - 8/1/17

We live in an amazing world of constant information, sometimes it can get overwhelming.  "Future Proof Shares" is a weekly series with the goal of selecting 5 interesting pieces of media on money and medicine from around the Interwebs.  They may be old or new but will always be new to me.  This series is inspired by "The Sunday Best" by my fellow physician money blogger Physician on FIRE (PoF).  Enjoy! 

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