(Today’s guest post comes from Patrick Bailey. Patrick writes in the field of mental health, addiction, and recovery. If debt seems to bug you, you will find this helpful) In a perfect world, you would never need to go into debt to buy a car or home, but the reality is that the cost of … Read more
A misconception is running around the financial world, that great sacrifice and delayed gratification is required to reach financial independence. This is simply not true. The reason so many feel becoming financially independent is a sacrifice, is the misguided notion that spending anything less than all you earn is somehow a great sacrifice. If I … Read more
We are all likely to be faced with deciding what to do with a financial windfall, and for many of us it may happen several times. For some it will be a small windfall like getting a tax refund you weren’t expecting or a yearend bonus. For others it could be a big windfall like … Read more
Match day is an exciting time in a medical student’s life. The results of that day set the wheels in motion for the outcome of the rest their life. For most students, the specialty they will practice has now been solidified. For others, they are about to take a fork it the road they did … Read more
I am amazed at some of the comments I get from people seeking financial advice. Often, they are asking for the secret to financial success. “What do I need to do to become wealthy?” This is frequently asked while searching for something magical they can do to improve their financial wellbeing without having to change … Read more
The amount you spend on your house is possibly the most important factor in achieving financial independence and happiness in life. Overspending on the house will leave you with such a big housing bill that you will not have enough money to do all the other things you want to do. This mistake can take … Read more
I recently received a large sum of unexpected cash. An investment I had made a few years ago suddenly cashed out. When this situation comes up on social media it sparks a debate as to what to do with the money. Usually only two options are discussed: Invest the money (stocks or real estate) or … Read more
(Please join myself and 20+ other doctors at the Physician Real Estate Investor Network Virtual Conference Jan 21-23. ) I am often asked about the cost of owning a motorhome. The concern being the purchase price is high and it only gets eight miles per gallon, so many people automatically assume vacationing in a motorhome is too … Read more
As 2021 draws to a close, and we start thinking about beginning the new year with a fresh start, we think about making New Year’s resolutions. Although we plan to achieve these resolutions during the year, often by the end of January we have reverted back to our old ways. Resolutions long forgotten. But not … Read more
(Don’t miss your chance to sign up for the upcoming Marriage and Money MD Conference November 15-17, which is free to attend, but you must register. There will be 18 speakers and 20 CME credits available. You don’t want to miss my two topics. My main conference topic is Your Spouse is Your Greatest Financial Asset. I … Read more
