(Today’s guest post comes to us from a physician reader who conquered her debt quickly. She writes under the pen name Jbrawley. I hope her story encourages you on your journey to become debt free.) Graduate student debt has become such a common topic of conversation it’s something we almost take for granted. Particularly when … Read more
(Don’t forget to get your tickets to WCICON21 so you don’t miss my two lectures or the dozens of other great lectures. CME included.) Many couples have an unequal income production. Either one of them is a stay at home parent, and earns no income, or the income production is very lopsided. An example of … Read more
Many people have written me asking: “What is the difference between a tax deduction and a tax credit?” They are confused about this issue. There is also an important distinction based on the source of the tax deduction, as in your home mortgage interest vs. your rental property mortgage interest deductions which are treated differently. … Read more
I recently read a post where the writer stated something to the effect that no one was teaching financial information to doctors until just recently. That statement is absolutely not true. The real issues were most doctors were not seeking this information until just recently and those doctors who were looking thought the information had … Read more
Over the last 32 years I have been following the literature concerning money, investing and debt. In the last few years I started writing about the topic as well as sharing my knowledge with other physicians through one-on-one financial coaching. Through the years I have seen many people make the same mistakes when projecting financial … Read more
(Today’s guest post comes from Gayle Morris, a nurse practitioner who shares her lessons from mom. I especially like #5.) I never truly appreciated the hard work and effort my mother put into raising us until I became a mother myself. Parents have an incredible responsibility to raise the next generation and I learned many … Read more
As 2020 draws to an end, it is time to close the year and give ourselves a fresh start. When a new year begins we make New Year’s resolutions that we plan to achieve during the year, but often by the end of January we have reverted back to our old ways. Resolutions long forgotten. … Read more
Most people who are saving for retirement are familiar with the 4% rule. According to this rule, proposed by William P. Bengen in 1994, and later confirmed by Trinity University in 1998, you can withdraw 4% of your retirement assets the first year of retirement and then increase your withdrawal for inflation each year thereafter. … Read more
One of the first things I do with my financial makeover clients is set up a spreadsheet, tailored to them, to track their net worth on a quarterly basis. This program is set up to be used for the rest of their lives on my proprietary Excel spreadsheet. I have used this program to track … Read more
It’s October again, which means it is breast cancer awareness month. For me, seeing all the pink on social media is a stark reminder of my brush with the terror of breast cancer. As I was about to scrub into an operation, I got a call from my office manager. She asked if I would … Read more
