When I speak to medical students and residents, their number one question is “Should I follow my passion or choose a specialty that pays well?” With so many students finishing their training deeply in debt, they are feeling a push to go into a specialty that pays better than average, thinking that it will solve … Read more
(Those of you who were holding out for the Kindle version of my new book, The Doctors Guide to Real Estate Investing for Busy Professionals, are in luck as it is now available on Amazon.) This week my wife and I celebrated our 31st wedding anniversary. It made me think about how my life has … Read more
(Today’s guest post comes from a retired dentist who was conversing with me about his life. I thought he was a great example of not needing to be a billionaire to enjoy your retirement. In fact, he has been retired for twenty years and did so with less than seven figures in his retirement plan. … Read more
There are things on our bucket lists that take preparation and a great effort to accomplish. Climbing Mount Everest, for example. Others take a lot of time to complete, like an around the world cruise. My wife and I just finished one of these bucket list items that took both a lot of preparation and … Read more
Every week I run into a few articles that I feel are especially valuable, so each Monday I plan to share some of the best with you, my readers. I hope you find them helpful. This week’s favorites include the Ten Reliable Steps to Financial Freedom, a comparison of outcomes between high and low spending … Read more
Many times blog questions appear as an either/or issue, as if there were only those two choices. Often I see questions such as ‘should I pay off debt or invest?’, ‘should I save for retirement or for my kids college?’, ‘should I buy stock or bonds?’, ‘should I plant tomatoes or cucumbers?’ It is entirely … Read more
With Father’s Day approaching, I would like to share six lessons that I learned from my dad. Parents have a big responsibility in bringing up the next generation. Our kids learn from watching what we do more than hearing what we say. So doing what’s right pays dividends with our kids. As physicians, we miss … Read more
Many physicians have a poor understanding of personal finance. Since personal finance isn’t a required course in high school, college or medical school, physicians are often unprepared to handle their high income when they become an attending. Sometimes the results of this lack of education are not pretty. Other times it’s a down right disaster. … Read more
Here we are, coming down the home stretch and about to finish residency. With an increased income comes some new financial decisions. The need for life insurance is one of those decisions. If you don’t have any, now would be a good time to consider getting some. The purpose of life insurance is to support … Read more
The wait is over, The Doctors Guide to Thriving in Locum Tenens went live on Monday, April 1, 2019. I spent the final three years of my general surgery career as a locums surgeon giving call relief to lone surgeons working in critical access hospitals in the Pacific Northwest. I’ve just finished putting all that … Read more
