Blog
Side Hustles That Actually Work: How to Increase Your Income
Learn about what makes a side hustle viable and which fit into your life. Is your objective profitability, flexibility, or sustainability. There are amazing opportunities, especially for CRNAs. Read about ways people have grown their side hustle to produce more than their day job.
Debt Payoff Strategies That Actually Work
Learn about three effective debt payoff strategies that are proven to work. One of these strategies is guaranteed to fit your ideal personal finance approach. Go beyond the approach and discover deeper solutions to making your debt vanish. I write specific considerations for different kinds of debt, managing your income, and controlling your expenses.
VTI and VUG: A Two ETF Portfolio for Long-Term Wealth Building
Explore the benefits of a simplified, two ETF portfolio. A total U.S. Stock Market Index fund such as VTI provides great diversification. A growth index fund such as VUG provides an amazing growth tilt. A great combination for those looking to capture market gains, but double down on momentum. A viable, yet simplistic approach to outperforming many financial advisors.
10 Overrated Money Moves
These moves have become a religion of rigid rules in the personal finance community. Supported by armchair experts across the span of social media platforms, here are the 10 most overrated money moves. These may have a place and time, but for the most part, these pseudo recommendations are a slough of complexity manifesting feelings of inadequacy. You need an emergency fund, but not the kind you read about. You need tax-advantaged accounts, but not the way they preach. I’ll set the record straight with what works and where to focus your efforts.
The Power of Long-Term Thinking in Volatile Markets
Market downturns are inevitable, but long-term thinking and patience prevails. Create and implement a data-driven plan to be confident about your investing. Dollar-cost average throughout all markets to maximize compounded returns and to take advantage of market recoveries. Have clear goals and review your progress regularly to ensure you are doing your part, even if the market isn’t agreeing with you this week.
10 Habits for Financial Wellness
10 small, but mighty habits to bolster your financial foundation. It’s essential to build a solid base to optimally grow your wealth. Experience great upsides and minimal downturns.
This post discusses managing finances on the micro and macro levels. Managing your expenses and tracking your net worth to keep track of your hard earned dollars. And optimizing your income to allow your dollars to work extremely hard on your behalf.
TFC Year 3 Update
Discover what the TFC financial situation looks like after 3 years of giving anesthesia. We have made some major life changes including transitioning from DINK status, starting locum work, and investing like mad. This is an update from the July 2024 post where the TFC family first achieved millionaire status. See how much progress we have made in the 12 months following.
Learn the TFC work setup, investment accounts, and investment selections.
Analysis Paralysis: Why Overthinking Is Costing You More Than You Think
Discover how analysis paralysis is holding you back from professional and financial growth and stunting your personal success. In this insightful post, you'll learn how analysis paralysis—being stuck between options and unable to decide—hinders your ability to invest, make career moves, and take control of your future. Learn how embracing imperfection, committing to your plan, and following time-tested principles can help you avoid lost opportunities, boost productivity, and achieve financial independence.
7 Ways to Increase your Income
This week I discuss 7 ways for CRNAs to unlock their full earning potential as a high-income provider. Discover actionable strategies to boost your income, from mastering negotiation tactics and upgrading your job, to maximizing overtime, specialization, and exploring lucrative locum opportunities. Leverage retirement benefits and invest both inside and outside your clinical practice.
Whether you’re seeking financial independence or simply want to make smarter money moves, this post breaks down practical steps to grow your wealth without sweating the small stuff.
Beyond the OR: A CRNA's Guide to Combating Burnout
This week I write about CRNA burnout. It’s a serious issue causing hardships for providers and potentially dangerous outcomes for patients. This entry speaks to understanding and recognizing the many manifestations of burnout. Learns ways to proactively and reactively manage burnout. Treat the symptoms and the root cause. From a financial lens, our job acts as our primary driver of income for the first few decades. Manage burnout to prolong your career, thus safeguarding that wonderful income. Your future self will thank you.
$1M: The New Starting Line
Understand the importance of starting early, maintaining discipline, and leveraging the long-term average returns of the stock market. Whether you’re a young professional just beginning your financial journey or a seasoned investor looking to optimize your strategy, this entry offers practical insights for maximizing your investment potential. Use this data-driven advice on building wealth through the S&P 500, this blog entry provides the clarity and motivation needed to take the next step toward your financial goals.
Choosing a Financial Advisor: What to Look for
Learn how to choose the right financial advisor. Discover key credentials, fee structures, and questions to ask to protect your wealth and financial future. Learn how to spot red flags, avoid costly AUM-based fees, and build a trusted team of experts who prioritize your interests. Plus, get a practical checklist of questions to ask any potential advisor, so you can make confident, informed decisions as your financial life evolves. Read on for actionable tips that could save you thousands and help you achieve your long-term goals.
Choosing a CPA: What to Look for
Looking for the right Certified Public Accountant (CPA) can make a significant difference in your financial success, especially for professionals transitioning from simple W-2 income to more complex self-employment roles. This comprehensive blog post outlines a practical checklist and real-world insights to help you select a CPA who truly fits your needs.
Ignorance Debt: Your Most Expensive Expense
Ignorance debt plagues all of us. Learn what it is and how to manage it. Learn quickly. Fail fast.
Time Value of Money
The time value of money relates to a dollar today vs a dollar tomorrow. How to handle opportunity cost, investing, and inflation to maximize the time value of your earnings. Don’t allow you buying power to needlessly erode.
Frontload Accounts to Increase Returns
Discover the benefits of frontloading your tax-advantaged accounts to maximize investment returns. This blog post explains how contributing early in the year to IRAs, HSAs, and Solo 401(k)s can give your money more time for tax-advantaged growth and compounding. Learn from a self-employed investor’s experience of fully funding $162,550 in accounts by April, the psychological and financial advantages of early contributions, and important considerations for both W-2 and 1099 earners. Find out when frontloading makes sense, potential pitfalls, and how this strategy can help you reach your financial goals faster.
5 Preventable Financial Errors
Discover the five most common financial mistakes that can hinder your path to financial success. Avoiding these pitfalls is essential for building lasting wealth and security.
By recognizing and addressing these common financial errors, you can take control of your financial future and achieve your long-term goals.
Tax-Loss Harvesting
Tax-loss harvesting is a tax strategy to take advantage of a down market. It’s a way to control taxation and even decrease taxes from earned income. It’s the time to exit poorly performing investments and reallocate capital without facing serious consequences.
How to Transition from W-2 to 1099 Contractor as a Healthcare Provider
It’s intimidating to make the transition from W-2 to 1099. I assure you that it’s a bit of work upfront, but once everything is in place, it’s just a matter of doing the job.
With a conservative approach to personal finance, taxes, and contracts, you won’t regret the decision. Leverage your advantage with a great team, a strong professional network, and the plethora of resources to guide your transition.
Spouses and Money
To join finances or keep them separate? As a societal taboo, money is difficult to discuss. It’s essential to have a partnership cohesive in the personal finance department. Here are some topics of discussion best had earlier than later.