Personal Finance – TCM Financial Studio

4 Financial Tips for New Attending Physicians

Entering practice after residency marks an exciting transition where your hard work begins to yield financial rewards. Our experience collaborating with physicians for the past decade provides valuable insights into these transitions. Here, we provide four key financial tips to consider—while not an exhaustive list, these recommendations can significantly impact your financial journey.

Taylor Hewson

Perspectives: Trust the financial advisor, who trusts the market.

By David Booth, Executive Chairman & Founder, Dimensional Fund Advisors LP

With over 200,000 financial advisors in the United States, how do you pick one?

First, eliminate the stock pickers. Those are the people making predictions about which stocks are going to be winners and losers. Cross off the market timers, too. They’re the ones who get into and out of the market, trying to buy the dip and sell at the peak. The problem with these strategies is that … Read the whole post...

Taylor Hewson

Personal Finance

Bring An Umbrella, It Might Rain…

Insurance is rarely a topic gleefully brought up at the dinner table or discussed when you’re out with friends. However, it is a crucial part of any holistic financial plan, and it looks different for everyone. Insurance might make up a larger portion of some people’s financial plan, while making up only a small portion for others. It all comes down to your risk tolerance around your cash flow.

If you’ve made it this far, you aren’t as scared of … Read the whole post...

Taylor Hewson

Personal Finance

Inflation: How is it Affecting You?

As we move into summer, more and more media coverage is being given to Canada’s high inflation rate. With a current rate of 7.7%, the highest in close to 40 years, many households are worried about their financial situation and the rising cost of… well, everything! Not all households are created equally though. Your personal inflation rate, the rate at which your costs have increased, is likely going to be different than the aggregate Canadian inflation rate.

We all … Read the whole post...

Connor Hewson

Personal Finance

Invest Like A Tortoise

When we think about wealth, we often remember stories of near-overnight successes. Those who picked the right stock, or sold the best NFT, or won the lottery. These stories get a lot of airtime and word-of-mouth tends to spread them like wildfire, so it’s only natural to want to be a part of the trend. But how often do these trends not work out?

The volatility of the stock market over the past few years has been quite jarring due … Read the whole post...

Taylor Hewson