Posts by Marcus Miller
How to (Financially) Prepare For Summer
As a kid, summer was always my favorite time of year. Now, as a parent, I see a lot of the problems that summer can bring. My wife and I both work, and it can be tough to balance the expense of additional child care with the desire to spend more time with our kids.…
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5 Ways You Can Automate Your Finances
Did you know that automating your finances is one of the easiest ways to stay on track to reach your financial goals? The truth is, as motivated as you might feel to accomplish your money goals, it can be tough to stay the course. When you automate your finances, you’re removing the “human element” from…
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The Top 4 Financial Mistakes that Physicians Make (And How to Avoid Them)
As we go through life, we try to make the best possible decisions about our money. Sometimes, though, in spite of our best efforts – we might make a few financial mistakes along the way. Everyone falls into bad money habits from time to time, and physicians aren’t exempt from this rule. The best thing…
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Prioritizing Savings for Young Physicians and High-Income Earners
Most physicians, or high-income earners, who I talk to know that they need to be saving – they’re just not exactly sure how to prioritize their different savings goals. Having enough cash flow to fund multiple savings goals at once is a huge financial “win”, but it can also cause some confusion when it comes…
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Save for Tomorrow or Live For Today?
Commit to saving and planning for the future as best you can, but to also give yourself the flexibility to enjoy your money today. You deserve to live a life you’re happy with and proud of – and not just during retirement!
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Should You Buy a House When You Have Medical School Loans?
Asking whether or not you should buy a home while you still have loans isn’t necessarily the right question. Instead, figuring out whether or not buying a home fits into your financial plan, and matches up with your lifestyle values, is a good first step. Let’s start by walking through a few home-buying rules to follow.
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Budgeting With a High Income
As a financial planner who works with attending physicians, I see one mistake consistently being made when it comes to personal finance: Individuals who are able to live comfortably as a result of their income skip the process of building a budget. More often than not, it’s not a decision they consciously made. A budget…
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New Year’s Resolutions Your Wallet Will Thank You For
This time of year, the internet is flooded with information about setting (and sticking to) New Year’s Resolutions. Here’s the thing, and I know this isn’t a popular opinion, but I don’t like resolutions. In my line of work as a financial planner, I see a lot of people set out to achieve some pretty…
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(We Think) The Only Tax Reform Post You Need To Read
Most of us will be getting a tax reduction as of January 1st. Major tax reform typically occurs only once every few decades, and as you’ve probably heard by now, Congress has just passed a bill called the “Tax Cuts and Jobs Act”, which will impact virtually every individual and business on a level not…
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Is Your Financial Advisor a Fiduciary? It is Worth Finding Out.
With all the financial media attention given to the term fiduciary in recent months, many people have been asking me questions on the topic. “What exactly is a fiduciary? How do I know whether my advisor is one? And if he or she is not, am I getting bad advice?” I know it’s confusing. Most…
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