As Christmas approaches, I have begun seeing ads for things our family ‘must’ have this Christmas. Overspending in December is a common problem I often find when I do a financial makeover for doctors. There is a huge push to buy things during the Christmas season, whether they can afford it or not. Those who … Read more
Today, I awoke to the news of a ceremony honoring those who lost their lives in the attack on the World Trade Center on 9/11/01. Most of us can remember where we were when we heard about this tragic event. I was awaken on that Tuesday morning by my clock radio announcing that an airplane … Read more
(Today’s guest post comes from a regular reader, Stacy B Miller. Stacy experienced a problem in lending to a friend as I suspect we all have. I hope her story helps you make a decision about lending/borrowing arrangements with your friends/relatives in the future.) When we face financial problems, there are many ways to solve … Read more
(Today’s guest post comes from Doug Adamson from Fulton Mortgage Company, an advertiser on my site. Doug helps doctors leverage their earning potential by getting doctor mortgages with low down payments and no mortgage insurance. I had always been opposed to adjustable rate mortgages, until he showed me this article. Now I can be convinced that … Read more
(Today‘s guest post comes to you from Travis Hornsby, CFA, founder of Student Loan Planner. Travis helps you navigate the landmines found in repaying student loans. I do have an affiliate link with Student Loan Planner.) How Does the “Dave Ramsey Method” Fare When Applied to Med School Loans? You might be a recent med … Read more
We all get caught up in the New Year sentimentality on January 1st; the ability to have a fresh start and wipe the slate clean. Which translates into starting over in some areas of our lives. So we make our New Year’s Resolutions, hoping that this year our lives will change for the better. We … Read more
Timeshares, for those who might not know, are a way to own the right to use a vacation resort. It comes in two forms, owning points or owning a specific room in a complex for a specific week. It’s like a partial ownership of a condo at a resort. These units can be traded for … Read more
Getting accolades for your hard work, whether it was a successfully completed difficult surgery, a beautifully weeded flower bed or writing a best-selling book is very honoring. Last month two atta boys came my way. I was honored to receive two gold medals from the North American Book Awards. My third book, The Doctors Guide … Read more
Often a stay at home mom, like we have in our house, is not thought of as a contributor to wealth. Too often, only the person who “really” works and brings home an income is considered to be generating wealth. This is a case of incorrect thinking. The non-working spouse is a very big factor … Read more
I was recently asked what I thought was the number one problem that caused unhappiness in America. We are one of the most prosperous nations in history. You might think that with all that prosperity and wealth, Americans would be happy. Obviously wealth does not equal happiness. Many would argue that since America has a … Read more
