Fawcett’s Favorites 9-28-20

(There are only three days left to take advantage of the special offer on The Doctors Course to Automating Your Real Estate Investing. This offer ends this Wednesday at midnight Pacific time.)

(Don’t miss my lecture in this year’s Financial Freedom Through Real Estate Virtual Conference October 9-11. I will be sharing my secret sauce to managing your directly owned real estate while working full time as a physician. It is absolutely free so sign up now!)

Each week I run into a few articles that I feel are especially valuable. Every Monday I would like to share some of the best with you, my readers. I hope you find them helpful.

This week’s favorites include: thoughts from the first physician to review my real estate course, ten ways to stop impulse spending, how to handle a medical error, a simple way to make your financial dreams come true, and turning your office into a magical experience for you, your staff and your patients.

Happy reading!

I’m always excited when someone validates my work. A pat on the back now and then helps us keep going. After gleaning wisdom from taking my real estate course, The Prudent Plastic Surgeon wanted to share his finding with all of you. Following is an excerpt from his review of my video course.  Read his full review here. 

“If you have read or listened to Dr. Fawcett before, you know that he has a unique way of breaking down complex topics and tasks into simple terms, making the confusing, understandable and the daunting, achievable…..I picked up a number of pearls that I will be implementing in my business.”

When I take a client through my one-on-one financial makeover, we often discover that impulse spending is digging a hole in the client’s net worth. Impulses are hard to combat, but an awareness of them is a great first step. Budgets are Sexy gives us a road map to curb this problem with their article on Ten Ways to Stop Impulse Spending. My wife used #8 to save a fortune before we got married. At least it seemed like a fortune to me back then. Which method do you use to curtail your impulse spending?

All physicians make mistakes or have complications, and sometimes we can be very hard on ourselves when they happen. I know whenever I had a complication I was devastated, even if it was not my fault. Dr. Pamela Wible walks us through the things we should and should not do when we are facing this issue in her article What NOT to do After a Medical Error. Our job is tough enough without beating ourselves up for bad outcomes or mistakes. Don’t let this lead to quitting medicine or life, talk with someone about what you are feeling. What have you done to help your psyche in this situation?

Personal finance is not a difficult subject, but most people don’t put in the time and energy it takes to learn it, and most institutions do not put out any effort to teach it. My friend Wealthy Doc has put out the effort and his latest article is a gold mine of information. How to Make Your Financial DESIRES Come True is a very nice summary of everything you need to know to become financially successful. He has a new acronym to help you remember it in the future. Are you on track to reach all your goals and desires? If not, please read his article.

Everyone knows that Disney parks are “The Happiest Place on Earth.” But do you know why? The Debt Free Doctor gives us an inside look at what makes the Disney experience so magical in his article, How’s the Culture in Your Kingdom. Wouldn’t it be great if your office was run with the same principles that Disney uses? You could give your staff and patients the same magical experience found at Disney parks. How much nicer would your life be if everyone entering your office felt like they were  at Disney Land? There is more to this feeling than fun carnival rides. I implemented several of these principles in my office and we experienced a raise in morale. Time to boost morale at your office.

I hope you enjoy these articles as much as I did. I look forward to updating you again next week with a few more articles I find especially interesting. If you read an especially good article, send me the link so I can share it with others.