(Keep an eye out for my upcoming book The Doctors Guide to Finding Joy in Your Work. We can all use a little more joy in our lives and this book will help you attain it.) This month marks eight years since I left the hospital as a working physician for the last time. At … Read more
As another year ends, there are a few tasks we should all consider completing. Some of the tasks have penalties assessed if they are not completed on time and others just lead to a lost opportunity if the deadline is missed. I missed a big opportunity the year I retired when I didn’t realize my … Read more
Why do so many physicians complain about not having enough money? Almost every physician’s earnings are in the top 10% of income earners in the country. Yet we feel broke, even those who make $600k a year. The median household income in the United States is about $75k. The average physician’s income is more than … Read more
There are times in life when we stand at a fork in the road where our future can be greatly altered. Once we choose which tine of the fork to take, it sets in motion many changes that can lead to very different outcomes. When I was recently asked to perform in a musical, I … Read more
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
I recently attended an investment seminar. The main premise of the seminar was to teach us to build wealth and be generous with our excess. They were very inspirational in teaching those two points. I left the seminar fired up to grow my wealth and give my excess (the income above what my family needs … Read more
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
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
(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
(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
