Marrying Dr. Debt

My son recently announced his engagement and started an intense period of wedding planning since the wedding was only three months away. I began to reminisce about my wedding and the planning that led up to the big event, which for me was also a three month engagement. In my case, I was away at … Read more

Malignant Credit Carcinoma

KevinMD recently published my article about viewing debt as a disease, Malignant Credit Carcinoma. Here is an excerpt of that article, which comes from my book, ”The Doctors Guide to Eliminating Debt.” Debt should have an ICD-10 code Debt is destroying the lives of doctors everywhere. The cost of getting an education has moved into … Read more

Avoid Debtabetic Neuropathy

With a society living on credit, a government deep in debt, eight years of desensitization during training (something unique to doctors), rising tuition, and falling pay—it’s no wonder doctors are having a major problem with debt. Where will it end? Debt has become the norm. Will Rogers summed up this pattern of high consumption on … Read more

Med School Desensitized us to Debt

The high-pitched wail of the pneumatic saw cutting through the tibia and the little bits of tissue the blade flung onto the surgeon’s gown were not enough to get to me the first time I saw a surgery, during my senior year in high school. It was the smell. Sliding down the wall in the … Read more

Do You Have Alzheimer’s Debtmentia?

Many people never get the opportunity to enjoy their grandparents. Your grandparents may have died when you were too young to know them, lived too far away, or were so frail they couldn’t play with you. I was fortunate to know all four of my grandparents. I lost both grandfathers to cancer before I was … Read more

Would you like to be able to spend Freely?

Nothing messes up a good plan for a balanced financial life more than overspending your income. It’s human nature, but it’s like a siren call luring us to our death—as doctors we spent so many years under financial restraint, when it’s lifted we tend to go overboard. We buy too much house, too many toys, … Read more

Should I Pay Off Debt or Invest?

I am frequently asked the following question: “Should I pay off my student loans before I put money aside to invest in the stock market?” The person asking this quick and simple question is looking for a yes or no answer. The problem I am faced with is there is not enough information in the … Read more