Ten Financial Mistakes Doctors Make

Physicians go through extensive training to become doctors bringing in a high income. Unfortunately, they have no training in how to manage all that money. Consequently, we make a lot of money mistakes.  I have taught personal finance for the last three decades. It has been both fun and rewarding, especially when someone finally realizes … Read more

Always Invest – Never Speculate

When I attend a meeting on investing for physicians, I am surprised at how often a deal is offered that is pure speculation, and not a solid investment. My track record on making good returns from speculating is abysmal. But I have seldom lost money when I chose a solid investment. That begs the question … Read more

Pearls From Attending PIMDCON24

Last week I attended the Real Estate & Entrepreneurship Conference for Physicians, in Dallas, TX. (PIMDCON24). It was great meeting with fellow entrepreneurs in person. Shaking hands and talking face-to-face is so much nicer than meeting on zoom. I was overjoyed by meeting people who have been positively impacted by my writing. It makes me … Read more

The Six Most Important Numbers in Personal Finance

(Today I am at the Real Estate & Entrepreneurship Conference for Physicians, in Dallas. If you desire the information presented at this conference, this is your last chance. Click on the link above to attend virtually and avoid the FOMO. The lectures start at 2pm today.) Personal finance is driven by two things, numbers and … Read more

Election Anxiety and Your Investments

(Only two weeks left before the Real Estate & Entrepreneurship Conference for Physicians on September 26-28, 2024 in Dallas, Texas. Time is running out to pick up a fun 15 CME credits. Attending the conference virtually may be your best option at this point. I hope to see you there.) With elections on the horizon, … Read more

How Much Do Fee-Only Financial Advisors Typically Charge?

(Today’s guest post comes to you from David Rosenstrock, who is a certified financial planner with an MBA and the Founder of Wharton Wealth Planning, LLC.) Most people want to help ensure that the financial advice they receive is unbiased and truly in their best interest. A financial advisor’s compensation structure can make a significant difference … Read more