Blog
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.
Is Locum Work For Me?
This is your locum road map and criteria for deciding if locum work needs to be in your future. Not all locum work is equal. There are many factors at play when deciding a new career path.
Creating Generational Millionaires
Roth IRAs and 529 plans are great ways to transfer wealth. Let’s not overlook knowing what to do with that wealth. This entry discusses the TFC family plan for giving kids a financial boost as they leave the nest. Actual contributions are low because time is the heavy lifter. This allows the parents to stay on course and the kids to start a step ahead.
Mortgage Factors
How different aspects of a mortgage affect your monthly payments and overall costs. Look at down payment, interest rate, credit worthiness, and other factors. Make the most of your capital.
My 2024 Locum Business Expenses
These are the major expenses of a traveling CRNA. If you are considering 1099 work, these are areas and costs to consider. Adjust these numbers to your location to compare W-2 and 1099 packages.
Locum CRNA Income and Expenses 2024
How money enters and exits my LLC as a locum CRNA. This speaks to approximate taxation, payroll, retirement, expenses, and distributions. Enough to give you an expectation when you decide to make the transition to self-employment.
VTSAX, VTI, or VUG? Which is Best?
Compare VTSAX, VTI, and VUG to decide which is best for your portfolio. All are great, but they have their differences. What are you goals? what is your volatility tolerance?
Locum CRNA: Financially Independent in 5 Years
The locum lifestyle can set up a CRNA for retirement in 5 years. Yep, 5 years of locum work pays for a middle class lifestyle. Amazing for those looking to end the need for earned income.
What is a Mega Backdoor Roth Conversion?
Everything you need to know about the Mega Backdoor Roth conversion. Make the most of your tax-advantaged options with this Roth conversion. This is an excerpt from the new TFC course.
Savings Rate and Time to Financial Independence
Find out why your savings rate massively impacts your time to financial independence. This blog discusses one of the most profound aspects of personal finance. Learn your current FI trajectory with the included tables.
Locum CRNA: Lessons After 1 Year
I have been a full-time traveling locum for over a year now. If you are considering locums, you may find this post helpful regarding expectations. Over the year, the TFC family changed how we travel, where we stay, and what assignments we accept. The lessons are seemingly endless, just like the current locum work.
Thirty, Flirty, and Thriving Millionaires
Millionaires at age 30. Not too bad. Read to find out how we did it.
1099: 13 Easy Steps to Get Started
Transitioning to 1099 contractor work seems intimidating. This entry acts as my checklist to getting started. It’s everything you need to cause trouble and allow your focus to remain on medicine.
5 Reasons You Aren’t Winning With Money
Here are 5 financial setbacks I have experienced. This is a good read and an opportunity for reflection. Maybe these apply to you without your knowing.