Category Archives: Education

Fire Your Financial Adviser

I have been on the journey toward financial independence for a long time.  I started saving and investing to reach financial independence at age 20.  When I decided that I wanted to become wealthy, I knew that I needed to be educated on how to turn this goal into a reality.

While at college, I studied Business Management.  Even though I tried to take as many finance classes as possible, I did not learn much about personal finance.  Sure, I studied financial analysis and other classes, but the content was mostly geared towards learning how to dissect financial statements.  It was taught more from the standpoint of learning how to become an administrator.  Those classes have helped me during my career, but not so much as an individual investor.

My goal was to learn how to invest to receive optimal returns.  There are many mixed messages when it comes to investing.  My focus was to learn how to become a successful investor.  In order to do that, I had to learn how to sift through the noise and to find the most practical content to help me learn how to manage my finances.

Since 1997, I have read almost 100 investing books.  Over the years, I have subscribed to many different personal finance magazines and journals.  Most of the time that I spend online has been reading investing articles, forums, or blogs.

I have read many great financial journalists, bloggers, and random forum posts that have helped me with my financial planning.  There has been one person, however, who I have always enjoyed reading.  That person is Doctor James Dahle.  Before I knew him by his actual name, I knew him as The White Coat Investor.

The first time that I came across The White Coat Investor was in 2007.  This was a very volatile time for investors.  The Great Recession was on the horizon.  There were many posts on the Bogleheads.org forum from The White Coat Investor that helped me to stay the course, tune out the noise, and to focus on investing for the long-term.  I am thankful for those posts by The White Coast Investor and grateful that I followed his advice.

The White Coat Investor’s target audience is primarily Medical Doctors and other high-income folks.  Most of what The White Coat Investor writes about, however, transcends profession and tax brackets.  His financial advice can be applied to anyone who is working, saving, and investing to reach financial independence.

To help Doctor’s and other high-income professionals reach financial independence, The White Coat Investor has recently launched a new course.  The focus of this online course is to teach high earners how to create a financial plan that is tailored to their unique financial needs.  It is a step-by-step course for creating and implementing a financial plan without having to use a financial advisor.

The course is based on 12 learning modules.  I have reviewed the content.  It is truly a bargain for only $499.

There is a reason why this course is titled Fire Your Financial Advisor.  After you complete this comprehensive course, you will no longer have to pay a financial advisor for their services.  You will be prepared to manage all of your finances by yourself.

This class goes a step beyond what a financial advisor traditionally helps with.  Fire Your Financial Advisor is not just another way to promote passive investing in index funds.  It is tailored to the needs of physicians and other high-income professionals.  After finishing the course, you will be more confident on how to manage your student loans, insurance, taxes, estate planning, legal protection from lawsuits, as well as everything you need to know about managing your investments.

As part of the 12 modules, you are provided with 7 hours of lectures, videos, and screenshots that you can refer to at any time.  As you advance through the material, there are pre-tests, quizzes for each section, and a final exam.  Upon completion, the course is set up to ensure that you have total mastery of the material.

It would take hundreds of hours of independent research to learn what The White Coat Investor provides in Fire Your Financial Advisor.  As a busy professional, do you have the time to read 30 or 40 books on these subjects?  Even if you do, you will not find many where the content has been written by a physician who understands your unique situation.  The White Coat Investor does all the heavy lifting for you.  He provides you with what you only need to know.  There is zero waste in this course.

Another great feature about the Fire Your Financial Advisor course is that there is not any risk.  Buy it and check it out.  If you find that it does not provide you with what you need to optimize your finances, there is a 7 day, risk-free, guarantee to return it.  It would be difficult if not impossible to hire a financial advisor who offers a money back guarantee.

The White Coat Investor is one of the good guys in the world of personal finance.  If you are a doctor and want to take control of your finances, check out Fire Your Financial Advisor.  You truly have nothing to lose other than $10,000 or more in annual fees that your financial advisor will charge you for what you can be doing yourself for free.

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Become a Nurse

 

If you want a meaningful career that pays well and offers stability, consider becoming a nurse.  No matter if you are a traditional student or an adult learner who is planning on going back to college, becoming a nurse is an excellent career to consider.  Nursing is a growing field.  One great benefit of this field is that it allows you to earn while you learn.

Licensed Practical Nurse (LPN)

To become a Licensed Practical Nurse (LPN), most programs are only 18 months long.  These degrees can be obtained at a vocational school or community college.  In most states, after a nursing student finishes the Intro to Nursing or Nursing 101 class, they can sit for their states Certified Nursing Assistant (CNA) License.  This allows a nursing student to work as a CNA while they are still in nursing school.  Working as CNA will allow you to earn a wage that is higher than what other unskilled jobs pay.  It also allows you to gain experience and develop your bedside manner as a caregiver.

Once you become an LPN, there are many job opportunities.  Many hospitals don’t hire LPNs anymore. Never the less, there are many job opportunities in home health care, long-term care, school districts, and in primary care offices.  The average wage for an LPN is more than $22 per hour.

REGISTERED NURSE (RN)

While you are working as an LPN, it is a smart career move to become a Registered Nurse.  To become an RN, only an Associate’s Degree is required.  This degree can be earned at most community or Junior Colleges. Becoming an RN will give you the opportunity to work in a hospital.  There are a vast amount of different nursing positions including ICU, Med-Surge, ER, and Pediatrics.  The average wage for an RN is almost $32 per hour.

BACHELORS OF SKILLED NURSING (BSN)

If you are interested in a Bachelors Degree in Nursing (BSN), most hospitals will provide tuition reimbursement or assistance towards the degree.  Earning a BSN allows a nurse to advance into a specialist or management position.  With a BSN, a nurse can work as a Facility Educator, Case Manager, or become an Administrator. The average salary for those positions range from $72K to well over $100K.

MASTERS OF SKILLED NURSING (MSN)

There are also advanced degrees in nursing.  A nurse can go to graduate school for a Masters in Skilled Nursing (MSN) or even a Ph.D. program.  An advanced degree gives a nurse the credentials to teach at a university.  An advanced degree is also required to become a Nurse Anesthetist or a Nurse Practitioner.  Both of those positions have an average annual salary of over $104K.

CAREER OPTIONS

Another benefit of becoming a nurse is the stability and variety of career options that it offers.  Due to the aging Baby Boomer population, the demand for nurses is more than almost any other profession.  The demand is projected to grow by 16% annually up to 2024.  Also, if you are not interested in working in a hospital setting, you can work for a law office auditing files, the government conducting surveys of facilities, in healthcare marketing, or in the insurance industry.

It does, however, take a special person to become a nurse.  A person must have compassion for others. There is little room for error, so one must provide excellent care.  Also, you must be reliable because patients are counting on you.  If you feel that you meet those qualifications, consider becoming a nurse.  It is rewarding on many levels.