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
(Only a few days left to sign up for the upcoming Marriage and Money MD Conference November 15-17. Attendance is free, but registration is required. There will be 20 CME credits available. You don’t want to miss my two discussions: Your Spouse is Your Greatest Financial Asset, and Divorce Proofing Your Marriage. The second lecture will be … 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. You don’t want to miss my two topics. My main conference topic is Your Spouse is Your Greatest Financial Asset. I am also covering Divorce Proofing Your Marriage that … Read more
Last month, a special date snuck up on me and caught me by surprise. I didn’t see it coming and thus I was a sucker for a surprise birthday party. It happened to be on a day the kids were coming over for dinner, as they do once a week. A good set up. My … Read more
Almost no one accidentally becomes a millionaire. There are a few who inherit a fortune and become millionaires without any effort, but for the rest of us, becoming wealthy requires purposeful action. But it requires less purposeful action if you simply automate the process. As you know from my real estate investing story, after I … Read more
Feeling like they have not saved enough for a comfortable retirement is a common theme with my financial makeover coaching clients. If this is what you are feeling, you are not alone. It doesn’t matter if you make $100,000 or $800,000 a year, saving for retirement is a deliberate move. If you don’t make the … Read more
People are surprised when they learn we have maintained a debt free household for the last twenty years. For many, they realize for the first time, that being debt free is possible. Others think they could never become debt free as their total debt seems overwhelming. When we first heard the concept of living debt … Read more
Don’t you hate it when you find out you have been taken? I sure do. I buy something the salesman convinced me was a great deal, only to find out later that it wasn’t a deal at all. In fact, I paid a whole lot more than I needed to. There is a lot of … Read more
The real estate investor’s biggest fear is buying at the top of the market. Almost daily, I encounter someone asking if it is a good time to buy real estate with the current high market prices. This is a disguised way of asking “Should I be trying to time the real estate market?” Never try … Read more
Many people have asked me how I knew it was the right time to retire. They are struggling with the decision and are afraid to pull the trigger too soon. Retiring from medicine is almost a final move as it is very difficult to return after being away for a period of time. I haven’t … Read more
