There are things on our bucket lists that take preparation and a great effort to accomplish. Climbing Mount Everest, for example. Others take a lot of time to complete, like an around the world cruise. My wife and I just finished one of these bucket list items that took both a lot of preparation and … Read more
(This week’s guest post comes from Andrew at LendEDU) Becoming a physician requires years of formal education, and that commitment often comes with a hefty price tag. Recent statistics from the Association of American Medical Colleges highlight this reality, estimating that physicians leave medical school with an average of $196,520 in student loan debt. This … Read more
Many times blog questions appear as an either/or issue, as if there were only those two choices. Often I see questions such as ‘should I pay off debt or invest?’, ‘should I save for retirement or for my kids college?’, ‘should I buy stock or bonds?’, ‘should I plant tomatoes or cucumbers?’ It is entirely … Read more
When our kids were in the 5-9 age range, we used to buy each of them a souvenir on our vacations. They always wanted the most expensive item in the store, a great big teddy bear that cost $400. We would tell them no, they needed to pick something less expensive. They weren’t happy about … Read more
Today we celebrate the 1776 event that started the United Stated on the road to breaking free from English rule. At that time, not everyone in the states was onboard with this idea. Some liked things just the way they were. Others were willing to put their life on the line to be free from … Read more
After taking a little breather from writing books, I’m at it again. Book #4 in The Doctors Guide series will be coming out this fall, titled, The Doctors Guide to Real Estate Investing for Busy Professionals (Who Don’t Think Real Estate is For Them). The book is currently in the hands of test readers and … Read more
(This week we have a guest post from Rick Pendykoski, who helps set up self-directed IRA accounts at Self Directed Retirement Plans, LLC. These accounts have more flexibility as to where you can invest the money than a typical IRA account. You can even invest the money in your new business or real estate venture. … Read more
With Father’s Day approaching, I would like to share six lessons that I learned from my dad. Parents have a big responsibility in bringing up the next generation. Our kids learn from watching what we do more than hearing what we say. So doing what’s right pays dividends with our kids. As physicians, we miss … Read more
Many physicians have a poor understanding of personal finance. Since personal finance isn’t a required course in high school, college or medical school, physicians are often unprepared to handle their high income when they become an attending. Sometimes the results of this lack of education are not pretty. Other times it’s a down right disaster. … Read more
Here we are, coming down the home stretch and about to finish residency. With an increased income comes some new financial decisions. The need for life insurance is one of those decisions. If you don’t have any, now would be a good time to consider getting some. The purpose of life insurance is to support … Read more
