(Today’s guest post come from Aaron Smith who works with 1Heart Franchise, providing senior care services. This is especially important for my coaching clients who wish to venture out and start their own private medical practice.) If you’re considering starting a business — opening up a private practice, starting your first law firm, or venturing … Read more
Most high income earners will take at least one cruise during their lifetime. If they are like me, they will take several. I have loved cruising since I took my first during residency when my wife and I journeyed down the Mexican Riviera, which was made famous by the television show The Love Boat. This … Read more
An important aspect of productivity is the concept “Do It Now.” When one concludes that a particular thing should be done, the most cost-effective way to get it done is to do it now. But we often do not follow this ideal. Instead we procrastinate until not doing it becomes more painful than doing it. … Read more
(Today’s guest post come to us from Emma Jones, who shares what she has learned about reigning in spending when the need arises.) One of the key skills that all physicians must have is making their practice profitable. If you cannot make ends meet, you can hardly hope to help people and improve your practice. … Read more
One of my blog readers recently found a house that he felt would be good for his family and met their needs. He made an offer on the house, but his offer was not accepted. He is currently continuing his search. He contacted me because his friends, after hearing about the house he put an … Read more
Recently I have been itching to dip my hand back into life at the hospital. It all started when I attended the annual meeting of the hospital foundation, of which I am a past member. I saw all the fantastic things that have happened in the seven years since I last set foot in the … Read more
It seems like every day I read a request on social media asking for input on whether or not someone can buy an expensive item. More often than not the item is an automobile and the question is posed anonymously as if the purchase of a car is top secret/privileged financial information. Rarely the situation … Read more
A few weeks ago I published an article titled Many Physicians Waste Their Vacation Time. It is the preface to today’s article, so if you haven’t read it, click on the link to do so before continuing with this article. One physician wrote me, in response to the above article, expressing the issues they faced … Read more
A backdoor Roth IRA is a great additional retirement savings plan for high earning professionals. Since I get many questions on how to make a backdoor Roth IRA contribution, I thought it would be good to help set the record straight and explain the Backdoor Roth IRA rules and answer the common questions that confuse … Read more
With burn out rampant in the physician community, you would think physicians would cherish their vacation time. Since vacation is a time to take a break from our normal routine and recharge our body battery, we should come back from our vacations rested and ready to work again. But many physicians don’t get any rest … Read more