Special thanks to our Title Sponsor, @PearsonRavitz– Life, Disability, and Long-Term Care Coverage for a secure future.

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We're STILL on Baby Step 5 - Max Out All Tax Protected Space!

In this episode, Dr. Disha continues with the 8 Baby Steps of financial independence, discussing asset allocation and building an investment portfolio. She emphasizes the importance of passive index investing and diversification, providing tips on choosing funds with low costs.

Link to the Retirement Plans Cheat Sheet

Dr. Disha also delves into the concept of asset location and covers the insurances available for different types of investments. The episode concludes with a reminder of the significance of investing and compounding over time.

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Dr. Disha created this podcast to share her story and provide guidance to those who feel trapped in their financial circumstances. Let's join forces, take charge of our finances, and work together towards the ultimate goal of financial freedom.

Share this podcast with friends and colleagues who may benefit from this transformative journey. It's time to embrace change and embark on the path to financial freedom.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

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Looking for something specific in this show? Here you go!

[00:00:00] Introduction and sponsor acknowledgment

[00:02:00] Recap of previous baby steps

[00:03:32] Overview of asset allocation for investment portfolios

[00:05:36] Recommended percentages of stocks, bonds, and other asset classes

[00:07:25] The benefits of passive index investing

[00:08:55] Factors to consider when designing a portfolio

[00:12:04] Evaluating the expense ratios of funds

[00:15:26] Allocating investments based on account types and tax efficiency

[00:17:55] Choosing a fee-only fiduciary advisor for professional assistance

[00:19:00] Understanding FDIC and SIPC insurance coverage

[00:23:21] Importance of investor behavior and setting investing goals

[00:25:00] Final thoughts on the power of compounding

Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.