This month marks nine years since I retired from practicing medicine.At age 54, even though my wife, an accountant, assured me we were financially ready for retirement, I wondered if we had enough passive income and retirement savings to meet our needs for the rest of our lives. I also wondered if I would miss … Read more
(Want to meet me in person and attend my live lectures? Then please join me at the White Coat Investor’s Financial Literacy and Wellness Conference, February 5-8, 2024, in Orlando, Florida. I will be giving two lectures at this amazing conference where I have been a speaker multiple times in the past. If you have some … Read more
(Want to meet me in person and attend my live lectures? Then please join me at the White Coat Investor’s Financial Literacy and Wellness Conference, February 5-8, 2024, in Orlando, Florida. I will be giving two lectures at this amazing conference where I have been a speaker multiple times in the past. If you have … Read more
There is a lot of buzz about real estate investors attaining real estate professional status (REPS). The only reason to get REPS is to be able to use your real estate depreciation losses sooner than you would otherwise. It does not generate “new” losses to write off. It only allows one to use their losses … Read more
I recently attended two in person conferences that discussed attaining side gig success. One was for financial internet influencers and the other was for real estate investors. I noticed an alarming trend. Many who have become successful with their side gig have not escaped the problems they were striving for their side gig to solve. … Read more
Working locum tenens was a life saver for me and my early retirement. It gave me a chance to slow down and ease into the life of leisure. I don’t know how well my early retirement years would have been if I went straight from my 60 hour a week full time general surgery practice, … Read more
I retired from my general surgery career in my early fifties, after 23 years in practice, almost exactly according to the plan I made in medical school. Most people congratulate me for achieving my goal. A few vilify me for wasting my medical education, as if it is never acceptable for a physician to retire. … Read more
(Don’t forget to register for the Free Virtual Conference on Financial Freedom Through Real Estate. It all starts tomorrow and runs through the weekend. I will be holding a live Q&A session on Sunday. It is free, but you must register to get the link. Don’t miss me and 20+ other speakers including Brandon Turner … Read more
Many physicians love what they do and would never dream of retiring early. But doctors cannot sustain working at the same physical level into their 60s and 70s as they did in their 30s. As we age, we need to modify our practice in order to continue practicing. In my book, The Doctors Guide to … Read more
Many doctors are talking about retiring early from medicine. In fact, about one third of doctors in the U.S. want to either quit medicine or make a major change in their practice. But many doctors don’t want to retire early; they want to find ways to enjoy practicing into their 70s. Both of my senior … Read more