(Today’s guest post comes from Gayle Morris, a nurse practitioner who struggled with the stress of her medical career while raising four children. She found an interesting answer.) My mom always taught me that when life hands you lemons, make lemonade. In light of the dangers with excess sugar, I think maybe lemon water is … Read more
Forums and Facebook groups abound with a frequently asked question that sounds something like this: “Should we sell our positive cash flow rental to buy (insert fun new toy) so we don’t have to attain a loan?” When someone wants to buy a new car, boat, or motorhome but they have learned that buying toys … Read more
When we initially retired, I envisioned going south for the winter, since I’m not a big fan of the cold and rain. We don’t get much snow in southern Oregon, but it does rain a lot in the winter. Snow birders from the west coast tend to head south to southern California, Las Vegas, and … Read more
When my wife and I moved to Southern Oregon to start my career in as a surgeon, we had not even thought about owning a motorhome. My partners were the inciting factor that lead to the purchase. They were old school doctors who thought each doctor should always cover their own patients on the weekend … Read more
I have been reading alarming tales of doctors who think they can buy their way into the hearts of their spouse and kids on the weekend to make up for not being there during the week. The reality is your kids don’t need your money, they need you to spend time with them. Quality time … Read more
So, you have settled into your first job as an attending physician. This is an exciting time with many big changes. You likely moved to a new city, had a significant pay increase along with a huge jump in responsibility. Now is the time to decide how to repay your student loans. Whenever you have … Read more
It is not often I pick up a book and realize that someone has already written the book I was thinking of writing, but today it happened to me. When I published my book The Doctors Guide to Smart Career Alternatives and Retirement which is aimed at the physician who is fed up with his … Read more
My Solo Practitioner Spouse Died Unexpectedly (Today’s guest post comes from the wife of a solo practitioner whose unexpected death came at a relatively young age. Her story reminds us how unpredictable life is and the importance of planning ahead. She prefers to tell her story anonymously.) I missed a phone call one day while … Read more
Last week I explained some of the rules and tax smart tips you need for hiring your children to work with you in your business. As I discussed on page 32 of my book The Doctors Guide to Real Estate Investing for Busy Professionals, you should be hiring your children to work in a business … Read more
(Time is running out to pre-order The Doctors Guide to Navigating a Financial Crisis, which comes out next Tuesday.) I have had several people ask me what must be done to hire their children and set them up with a Roth IRA from the money they earn. This question arose from page 32 of my … Read more
