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 new 2019 Merritt Hawkins revenue survey, how to choose a financial advisor, overcoming a late start on retirement savings, and lessons from buying a dream house.
Happy reading!
Did you know that the average physician brings in almost $2.4 million to a hospital? Are you getting paid what you are worth? I wonder how much revenue the average hospital CEO produces. Is their pay commensurate with what they bring in? Check out the new Merritt Hawkins 2019 revenue survey and see what your specialty produces.
Are you trying to find a financial advisor and don’t know where to start? Start with The Physician Philosopher’s article Why Some Financial Advisory Models are Better Than Others. Be sure you pick an advisor who is one of the good guys. You can look at the ads on the right side of my website and find two of the good guys.
Once you understand the time value of money, many reader ask what to do if they are getting a late start on saving for retirement. Here is a great case of one family who got a late start and how they overcame from The Retirement Manifesto called Starting Late, But Retiring Early: A Case Study. It’s never too late to start saving.
Have you been thinking about buying that dream house? Many of us have. Here are 13 valuable lessons I learned buying my dream house from Vital Dollar as seen on Rockstar Finance. Many doctors have purchased their dream house only to regret it later. Think it through before pulling the trigger.
I hope you enjoy these articles as well as I did. I look forward to updating you again next week with a few more articles I found especially interesting.
I found the physician revenue information useful.
I lecture to family doctors a lot. They feel sheepishly guilty about asking for more than $200K a year for their extremely challenging work.
I assure them that they bring in a lot of value. This $2.1M per FP doctor doesn’t even include all the revenue as a result of them sending patients to specialists who subsequently order MRIs, surgeries, etc.
Thanks for sharing, Cory! I think that is an important (though contentious) one!
TPP