Many years ago, debt was hard to get and was considered a dangerous and risky thing to have. Now it is so easy to come by, that possessing debt is almost universal. In fact, in 2008 the easy access to debt got our country into a bit of trouble, causing the housing crash. Today, if … Read more
(Today’s guest post comes from Patrick Bailey. Patrick writes in the field of mental health, addiction, and Recovery. If you have been contemplating adding dispensing services to your practice, you will find this helpful) In recent years, many physicians have begun offering in-office dispensing services where they provide patients with their prescribed medication right at … Read more
Pondering on what I am thankful for, I realized that a lot of what I have today is a direct result of my family’s influence, which provided a lot of advantages for me. Not to say that having advantages gets you anywhere. Many people have advantages that have not been utilized. Others were born into … Read more
It’s a Business There are huge tax advantages to owning a business, and doctors today are losing those advantages as medicine transitions to an employment model. By starting a real estate business, you can get back some of those lost advantages that employees do not enjoy. Owning a single rental property means you have a … Read more
As physicians, we find ourselves in higher tax brackets than the majority of Americans. With the graduated tax system here in the US, the more we make, the higher the percentage of taxes we owe. That is not just because of the tax brackets, but also because many tax write offs are phased out as … Read more
(Doximity recently published this article of mine on the effects of consumerism. It originally appeared here, but some of you are not on Doximity so, with Doximity’s permission, I have republished it on my site for your reading pleasure) School has gotten back into full swing and thus we begin another cycle. Will this cycle … Read more
When I speak to medical students and residents, their number one question is “Should I follow my passion or choose a specialty that pays well?” With so many students finishing their training deeply in debt, they are feeling a push to go into a specialty that pays better than average, thinking that it will solve … Read more
Sometimes a financial makeover client of mine really takes the bull by the horns and drastically improves their financial situation in a very short time. It’s amazing how fast goals can be achieved when you really go for it. I was so amazed by one such student, I asked him to tell his story of … Read more
(Those of you who were holding out for the Kindle version of my new book, The Doctors Guide to Real Estate Investing for Busy Professionals, are in luck as it is now available on Amazon.) This week my wife and I celebrated our 31st wedding anniversary. It made me think about how my life has … Read more
Tomorrow, Friday October 11th, the next book in my Doctors Guide series becomes available on Amazon. If you have wanted to get into real estate investing, but think you are too busy, think again. I spell out how I was able to be the manager of 64 rental units at the same time as I … Read more
