No, you can’t afford a $350,000 house… Cash Management Plan example

In my last post, I introduced the concept of Optionality, meaning the ability to take ownership of our lives and choose the life we want to live.  Said another way, having your finances in order allows you better choices than having to continue going to a job you hate. I also talked about my own …

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Why have a cash management plan? AKA a budget?!? So you don’t get job-locked!

UPDATE:  If you want to see my proposed CMP for a new graduate.  Check out this post.    Why establish a Cash Management Plan (CMP)?   One word - Optionality   This term likely derived from the investment security named an "option," which means we have a contract or option to buy or sell something …

Continue reading Why have a cash management plan? AKA a budget?!? So you don’t get job-locked!

How much should a pharmacist save for retirement?

I’ve been teaching a “personal finance basics” 16-hour course for 3rd year pharmacists for a few years now and I am starting to get this question a lot from other students and other pharmacists who know I teach the course.   What kind of student wouldn’t want to enroll in this course and talk about …

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