The Ultimate Burnout Solution: Mastering Financial Independence

In this grand round presentation, we discuss
1. Boglehead's model of investing
2. Asset Protection strategies
3. How to use ideas from the FIRE (Financial Independence Retire Early) community to combat burnout.

Timestamps:
00:00 Introduction and disclosure. There isn't any! That's the point
01:42 Objectives
02:45 Financial mistakes
03:39 Variable annuities - run if pitched
06:44 Why physician's are BAD investors
09:18 Debt - introduction
12:58 High cost of living area Vs. Low cost of living area
14:32 Your home might not be your best investment
15:10 Debt repayment strategies
17:48 Lessons from the FIRE community
19:25 Your emergency fund
22:06 Accumulating your first million
23:33 What a Boglehead's investment strategy?
25:59 The best financial blog post ever written. The Simple Math Behind Early Retirement - Mr. Money Moustache
28:01 Financial calculators - Networthify and FireCalc 3.0
29:42 The magic of compounding
30:56 How to design your investment portfolio
32:30 Asset allocation. I share mine!
34:11 The beauty of low-cost index funds
37:15 Three leaky buckets of money
38:24 2021 IRS Contribution Limits
40:48 Understanding Amortization
42:40 Tax-efficient investing
45:14 Investor Policy Statement
45:55 Disability insurance and must have riders
46:23 Term life insurance
46:34 Asset Protection, Will/Estate Plan. Probate
47:13 Fighting burnout with FIRE. Job crafting
47:51 My favorite personal finance books
50:00 Q&A

#burnout #financialindependence #wellness #physician #personalfinance

Acknowledgements:
Janis Yee, MD who created these awesome slides used in the presentation.

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