In 2018, you left a lucrative career as a physician in private practice to work with hospice patients. How has working with people who are dying affected your attitudes about money?
All these financial experts could tell me how to make money, how to build a business, how to invest. But what they couldn't tell me was what that all meant. I started realizing some of those answers were coming from my hospice patients. When people are told they have six months to live, they look at what's important to them. They’ve been putting it off because it’s much easier to concentrate on their careers and money. When they were told they were dying, they regretted they didn’t have the courage or time to do the things they wanted to do.
By saving and in vesting, you’ve achieved financial independence—the ability to live on savings and passive income without rely ing on a paycheck—yet you’ve been critical of the FIRE (Financial Independence, Retire Early) movement. What do FIRE followers get wrong?
Denne historien er fra September 2023-utgaven av Kiplinger's Personal Finance.
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Denne historien er fra September 2023-utgaven av Kiplinger's Personal Finance.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
FREE HELP FOR COLLEGEBOUND STUDENTS
This program’s mentors assist applicants as they fill out the FAFSA, write essays and more.
WHAT YOU SHOULD KNOW ABOUT SPOUSAL IRAS
You typically need earned income to contribute to an individual retirement account, but a spousal IRA provides an important exception to this rule.
SELLING SHARES? HERE'S HOW TO MINIMIZE TAXES ON YOUR GAINS
ET'S say you've been regularly buying shares in a booming tech company over the past few years, but now you want to start taking some of those profits, perhaps to rebalance your portfolio.
Strategies for Novice Investors
AS part of a lifes kills program for young, single mothers, I was asked to teach a class on how to get on top of your finances.
ANSWERS TO YOUR 529 PLAN QUESTIONS
Thanks to recent policy changes, families have more options for what to do with money sitting in these tax-advantaged accounts.
Rate-Cut Winners and Losers
NOW that the Federal Reserve has cracked the interest rate ice, the next development will be to separate winners from losers.
SHOULD YOU BUY THESE RED-HOT FUNDS?
Covered-call ETFs are popular but come with plenty of caveats.
DIVIDEND STOCKS ARE READY TO REBOUND
Our favorite dividend payers are poised to benefit as falling interest rates lure investors back.
IS A 55+ COMMUNITY RIGHT FOR YOU?
These age-restricted developments appeal to older adults seeking abundant amenities and an active lifestyle.
AT LONG LAST, RATES ARE DROPPING
Consider these portfolio moves now that the Federal Reserve has cut its benchmark interest rate.
