This time of year, many physicians are moving and buying new homes. It will likely be their first home. My oldest son bought his first rental house before he even moved out of our house. Then he bought another one shortly before his wedding. After the wedding, he moved into it with his new bride. … Read more
I have often written about the benefits of becoming debt free. In fact, last month I listed 20 good reasons to pay off your home mortgage. Whenever I write about becoming debt free, I get mail informing me that being debt free is a stupid idea. They say things like “I can invest my money … Read more
Work/Life balance is a common desire in the lives of busy professionals. All too often, we feel our job is the cause of the imbalance between our work and our home life. But the reality is our own behaviors are causing the imbalance. It’s not the job’s fault. Which is good news, since it means … Read more
The purpose of vacations is rejuvenation. Very few doctors reach the goal of being completely rejuvenated by the end of their vacation. We work hard for many years and from time to time we need to take a break and recharge our batteries. For a vacation to be effective at rejuvenating us, it needs to … Read more
Personal debt is a topic that lends itself to many disagreements. There is the argument about “good” debt and “bad” debt, which is ridiculous since every debt is a burden. “Good” debt is akin to wearing your cleanest dirty shirt. If given the choice between inheriting a house that has “good” debt (a mortgage), or … Read more
As many of you know, I was recently hacked. My Facebook account was taken over by a thug who changed my Facebook password, added his email, and changed my authentication methods to use his information. Consequently, I could not access my Facebook account for ten days. After about a week of trying to get my … Read more
(Are you interested in learning about financial freedom through real estate investing? Join me at the Physician Freedom Summit 2025, October 6-8, in Los Angeles. I will be speaking on purchasing property with no money down, which is how I started investing in real estate.) Physicians are in a constant battle to improve life at … Read more
(Are you interested in learning about real estate investing or becoming financially free? Join me at the Physician Freedom Summit 2025, October 6-8, in Los Angeles. I will be speaking on purchasing property with no money down, which is how I started investing in real estate.) There are many forks in the road of life. … Read more
(The photo with this article is the view I have as I write this from a timeshare resort in Escondido, California. I couldn’t travel as much if I was still working.) I’m a physician who retired from medicine early, based on most people’s thinking. But at what age is retirement early? The Social Security department … Read more
There are many misconceptions about money and money principles floating around. Most of the time when someone contacts me for help with their finances, there is a financial principle they are not using, or they have fallen prey to a myth that is hurting their family. Some myths are perpetuated by those who would like … Read more
