We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.
The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ...
Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.
Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.
Here’s a list of a few side gigs that you could be doing now for either active or passive income. Dental hygienist or part-time dentist on Saturdays (I did that for a couple of years after graduation). Drive for Uber or Lyft Medical Consulting Brand ambassador for scrubs company, toothpaste company, cosmetic company, etc (Instagram is...
How many bank accounts should you have? As many as your bank will allow! You need to have a purpose to save money. Why are you saving? What are you saving for? Ask yourself that question.Whether it’s for a car, furniture, down payment on a house, vacation, etc, it’s important to know why you are saving....
Podcasts, seminars, webinars, books, etc. There are so many ways to become financially literate to know what is the best way to pay off debt and create generational wealth. However, before starting your debt repayment journey, there are a few things to address first. It’s key to be open to be financially literate so you...
A question that I get asked sometimes is how much am I really paying on interests? For example, if you have a $ 200,000 student loan with an interest rate of 7%, you would calculate how much you are spending on interest daily like so: Interest rate/number of days in a year * student loan...
Real Estate or The Stock Market? Before answering that question, let’s look at the differences:By definition real estate is a tangible asset and a stock is an investment that represents a share, or partial ownership of a company. Stocks are liquid as you can easily buy and sell them compared to real estate where it can take...
1.Only making the minimum payment. Unless you are having financial difficulties, more than the monthly minimum is necessary in order to pay off your loans. Paying only the minimum or participating in IBR/ICR long term is a sure way of making banks/loan servicers wealthy by paying all those interests. 2. Ignoring interests. To go back to mistake #...
1. Check your bank statement weekly or at least monthly Every Sunday, or any day you desire, go over your bank statement quickly and see where your money has been going. You can easily spot any mistakes or unauthorized charges like that as well. Just get your phone, tablet or computer and skim through to review...
Well, it depends on a couple of things:-Which debt is the smallest?-Which debt is going to cost you more in interests!? If you have a six figure student loan debt and five figure or lower credit card debt, it’s best to pay off your credit cards first. For credit cards, you typically have a much higher...
Mindset is key when trying to get out of debt. Here are a few points to make sure that you stay motivated. Figure out your “why”.-Why do you want to get out debt?-What would your life look like with no more debt? Paint the picture. Visualize it. -What could you be doing with the money instead...
Well, the answer is ” it really depends!” It really depends on your risk tolerance, your student loan amount and interest rate, your investment philosophy and your long term goals! However, here are important points to help you decide if you should pay off your student loans first before investing. Most doctors have six figure...