This is the time of year when most residents in their final year of training begin searching for their first attending job. Getting this move right the first time is a huge happiness/stress/financial blessing. Many physicians just starting out don’t do a good job of choosing their first attending job. They tend to grab the … Read more
One of the exercises we do in my High Performance Coaching program is to start each day by asking five questions that will shape our attitude for the day. One of those questions is “What am I thankful for today?” Reminding ourselves about our blessings takes our mind off our worries, since it is not … Read more
(This article was originally published on KevinMD under the title Should Physicians Own Timeshares?) Timeshares have an undeserved bad rap. I’ve owned and used my timeshare for great and cost-effective vacations all over the world for 30 years. After getting tired of reading all the misinformation on the web concerning timeshares, I put my timeshare … Read more
(I have had many requests for places to store cash, such as your emergency fund, that would provide a decent interest rate. With recent interest rates so low, our cash has been sitting idle for years. Now that interest rate have begun to rise, there are institutions paying decent interest for cash savings accounts. I … 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
Today’s guest post come to us from Emma Jones, an aspiring new author. She moved to a new city as a single girl and learned a few lessons along the way. Her experience is akin to leaving residency for that first “real” job as an attending surgeon. Starting over in a new city is thrilling, … Read more
We often read about people getting scammed out of large sums of money. It’s easy to imagine that the person who was scammed must have been very gullible to fall for a scam. But we seldom have the whole story as to how they fell into the trap. Following is my story of how I … Read more
Today’s guest post comes to us from Arsalan Ashraf, CPA. Arsalan is the owner of Ashraf Advisory, providing tax preparation, tax planning, payroll and bookkeeping services to physicians all over the United States. You will find Ashraf Advisory on my recommended list of Tax Services. If you are looking for top notch tax advice, contact … Read more
I recently attended a real estate conference where several speakers talked about investing in syndications. (Groups that pool money from multiple investors to flip big real estate projects for quick profit.) Syndications all go “full circle,” meaning they will collect capital, purchase a property, fix it up to raise its value, and sell the property. … Read more
Much of the financial blogosphere perpetuates the mistaken notion that it is never acceptable to buy a brand new car. They say all car purchases need to be used cars that are at least 2-3 years old. They are operating under the misguided notion that people should do everything the cheapest way possible. Can you … Read more
