Weekly Rounds: Issue #021

Week of 9/21/2025

Author

Wealth Rounds
September 21, 2025 • Estimated Reading Time: 3 minutes

As doctors, we're trained to heal bodies, not portfolios. Yet financial health requires the same critical thinking we apply to medicine.

This week, I've curated insights to optimize your financial strategy—from tax-cutting investments to evaluating 1099 status. We'll examine wealth-building fundamentals and analyze evolving opportunities like the tip tax discussion and Amex's premium offering.

Let's treat your finances with the precision they deserve. 📊

📈 The Overlooked Investment Every Doctor Should Use to Cut Taxes and Lower Risk

Source: Physician on FIRE
Published: September 19, 2025

Municipal bonds offer doctors a powerful tax-efficient investment opportunity that reduces portfolio volatility. These securities provide tax-free income while supporting local infrastructure projects. When strategically incorporated into a diversified portfolio, municipal bonds can help physicians optimize their financial strategy while managing investment risk.

📝 Why ‘Going 1099’ Won’t Solve All Your Financial Problems

Source: WCI
Published: September 17, 2025

While independent contractor status may seem appealing, there are specific guidelines determining proper classification. Going 1099 isn't necessarily advantageous for everyone's financial situation. The decision between employee and contractor roles should be carefully evaluated based on individual circumstances and regulations.

🏥 The Simple Path to Wealth Summary: JL Collins Book Breakdown

Source: Debt-Free Doctor
Published: September 17, 2025

Collins' book offers a straightforward approach to money without jargon or risky shortcuts. It presents timeless principles of personal finance and long-term investing strategies. The Simple Path to Wealth provides essential guidance for those seeking financial independence through proven, uncomplicated methods.

💵 ‘No tax on tips’ offers financial planning opportunities. But don’t make ‘major moves’ yet, pro says — here's why

Source: Personal Finance
Published: September 17, 2025

Trump's "no tax on tips" proposal offers financial planning opportunities for service workers, but experts advise caution before making significant changes. The policy remains only a campaign promise, not enacted legislation. Financial professionals recommend waiting for official implementation before adjusting tax strategies.

As we navigate our financial journeys, remember that wealth building is rarely about quick fixes—whether tax-advantaged investments, contractor status, or credit card perks. The path to financial independence requires strategic planning and consistent execution, as JL Collins so effectively illustrates. I encourage you to evaluate each opportunity through the lens of your long-term financial goals. 💼