I have watched medicine evolve throughout my career, and much of it has not been for the better. There have been great breakthroughs that save lives: developing vaccines in record time, quick and easy CT scans, being able to see x-rays and labs from home, laparoscopic surgery, and robotic surgery are a few that come … Read more
People are surprised when they learn we have maintained a debt free household for the last twenty years. For many, they realize for the first time, that being debt free is possible. Others think they could never become debt free as their total debt seems overwhelming. When we first heard the concept of living debt … Read more
Don’t you hate it when you find out you have been taken? I sure do. I buy something the salesman convinced me was a great deal, only to find out later that it wasn’t a deal at all. In fact, I paid a whole lot more than I needed to. There is a lot of … Read more
When I was a partner in my medical practice, our company provided a group medical insurance plan for all the doctors, staff, and their families. When I retired from my practice at the end of 2013 my family used COBRA for a while before attaining our own insurance as a family. In 2016 my family’s … 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
The real estate investor’s biggest fear is buying at the top of the market. Almost daily, I encounter someone asking if it is a good time to buy real estate with the current high market prices. This is a disguised way of asking “Should I be trying to time the real estate market?” Never try … Read more
I never really understood the concept of being at the end of my rope, hanging on for dear life, until I experienced it myself. How can someone with MD behind their name, the cream of the crop, end up in tears and unable to go on? Doctors are one of the most resilient groups of … 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
We have all heard the phrase “It is better to give than to receive.” So, why then do so many people have trouble being generous with their wealth? Why do so many feel they need to spend all of their income to support their lifestyle. All studies on giving in the last decade hover at … Read more
When I discuss living on half of one’s income, I’m almost always met with, “that would be impossible for me.” They say it as if it were a fact, that some outside source is preventing them from living on significantly less than they make. This outside source is somehow keeping them from saving a good … Read more
