December Networth Update – End of the year summary

December Networth Update – End of the year summary

Another thirty days went by, and this time putting 2016 in the past. It’s a new month, and it’s time for our monthly networth update. And an added bonus, it’s also a new year, so we can talk about some of the highlights of 2016 for the DrMoneyTails family. I know many people just want to completely forget about this past year. We did have some very shitty, devastating events – I could not agree more. But I tend to…

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Be the change that you wish to see in the world

Be the change that you wish to see in the world

Regardless of whether Mahatma Gandhi said those exact words or whether his words were just tweaked to make a bumper sticker, the idea is something we need to reflect on. I have changed a lot in the last 5 years of my life. Many of these changes were inspired by my older brother. I learned about meditation and about the philosophy behind buddhism. I have learned a lot about myself through the practice of mindfulness. I have become much more…

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November in Review

November in Review

Well, the month is over. Tomorrow December starts. Every year I say the exact same thing. “I can’t believe it is December already”. “This year flew by”. So, I will save you from those comments, and will try my best not to say them out loud either. This was overall a very busy month at work. I worked from 6am till 7-8pm 6 days a week. I was able to fit in one moonlighting shift (in retrospect, I should never have agreed…

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Life’s about to change

Life’s about to change

One of the reasons I started this blog at the exact time that I did was that I wanted to document this particular period in my life. And by that I mean, when a physician who is a resident or fellow transitions into becoming a new attending. This has been a period of uncertainty and a certain level of stress for me and my wife, and I have searched for advice and inspiration among my colleagues and family, but mostly…

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To Budget or Not to Budget

To Budget or Not to Budget

To Budget or Not to Budget. Seems like something Hamlet would ask. In the personal finance world, there are many people who advocate for having a budget. Take a look at J Money on his blog. Many say that having a budget gives you confidence, keeps you organized, and makes you pay attention to where your money is going. Others don’t necessarily like the budget idea. Paula at affordanything.com endorses the anti-budget idea. She says since most of us are likely…

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How to have fun on a day off without breaking the bank

How to have fun on a day off without breaking the bank

My vacation just started last week. Unfortunately, my Wife couldn’t take the same days off as me. Usually we try to make it so we are both off at the same time and we travel somewhere, or at least have a staycation together. We will have 4 days together over Thanksgiving but the other 10 days, I’m on my own. So.. what to do? You could think that it may get boring. That I may miss going to work. That…

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We’re all hiding something

We’re all hiding something

Many months ago, I came across a TED Talk from Ash Beckham. I’ve been a fan ever since. She spoke to my heart, and her words were like my own. Except that I would have never been able to say it so clearly. She mentions how the experience of being in the closet is universal. And she is right. We have all been there. Maybe your closet is telling someone you love them for the first time. Or maybe it…

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And so it begins..

And so it begins..

I only recently started to track our finances. I had been pretty unaware of anything finance related throughout medical school and residency and thankfully, the mistakes I made due to my ignorance were not too horrendous. I had been relatively frugal all my life, never really caring about brand clothes, shoes or fancy cars. I am pretty content with my black, very versatile converse and my weekends at the beach with a couple of beers and some cheese and crackers….

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Hello world!

Hello world!

Welcome to my blog! I have spent countless hours lurking in other blogs and forums, mainly personal finance and conservational blogs, making one or two posts here and there, but mostly just learning as much as I could possibly learn. I have two major online sources of inspirations in the finance world, Mr Money Mustache and Jim Collins. MMM lives the frugal life I aspire to live, and is constantly reminding his readers the importance of conserving our planet. Jim…

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