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
There is a big misconception about real estate investing that is picking up steam. It is the idea that if you want to invest in real estate, you have to deal with all the aspects of managing the property. If the toilet is plugged, you have to fix it. If the roof leaks, you have … Read more
My wife and I recently helped a couple in our family navigate the process of setting up funeral and burial arrangements. They wanted to have all the decisions made and paid for to relieve some of the demands on their kids surrounding their deaths. I thought it would be a quick and easy process, but … Read more
I read a Facebook post asking what people were doing about the recent market drop. As much as I watch the market (very rarely), I didn’t know the market had dropped until I read that comment. This question was raised on a site that is constantly teaching people that there is no way to time … Read more
