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
Do you own a small business or an LLC? If so, then you need to be aware of the new federal law that went into effect in 2024: The Corporate Transparency Act (CTA). With the advent of the Limited Liability Company (LLC), came the ability to hide behind a business wall. It became possible for … Read more
(I hope you plan to pick up 15 easy CME credits at the Real Estate & Entrepreneurship Conference for Physicians on September 26-28, 2024 in Dallas, Texas. Time is running out. Attending the conference virtually is also an option. Thanks to all of you who test read my next book, The Doctors Guide to Reclaiming the Joy … Read more
Each July new physicians come out of residency and begin their lives as attendings. Many of them will or have already unwittingly set themselves up to lose their independence. All physicians can just as easily set themselves up for independence. Independence in medicine is not about being in private practice vs being an employee, although … Read more
As years go by, we learn many lessons from the school of hard knocks. Although some of these lessons we could have learned from someone who had previously learned the lesson, such as don’t grab an electric fence. If we learn from someone else’s experience, we won’t get the hard knocks that come with learning … Read more
It’s that time of year again. Over 30,000 medical residents are about to finish their training and start their first job. Many of them will make some big financial mistakes during their first year that will haunt them for years to come. I wrote The Doctors Guide to Starting Your Practice Right to help new … Read more
I recently gave two lectures at the White Coat Investor Physician Wellness and Financial Literacy Conference (WCICON24) in Orlando, Florida. This was the third time I have spoken at this conference. I feel that each year this conference is better than the prior year. My two highlights of the conference were: Stepping onto the elevator … Read more
(Want to meet me in person and attend my live lectures? Then please join me at the White Coat Investor’s Financial Literacy and Wellness Conference, February 5-8, 2024, in Orlando, Florida. I will be giving two lectures at this amazing conference where I have been a speaker multiple times in the past. If you have some … Read more
(Want to meet me in person and attend my live lectures? Then please join me at the White Coat Investor’s Financial Literacy and Wellness Conference, February 5-8, 2024, in Orlando, Florida. I will be giving two lectures at this amazing conference where I have been a speaker multiple times in the past. If you have … Read more
(Today’s guest post come to you from David Rosenstrock, who is a certified financial planner with an MBA and the Founder of Wharton Wealth Planning, LLC.) The daily tasks and responsibilities of a doctor are challenging and can frequently involve a wide range of patients and functions, including many of the administrative aspect of running … Read more
