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 greatest paradox of wealth: that we can buy time-but we don’t, ways to avoid probate when you are gone, tips for landing a non-clinical job, and how to help bring an end to maintenance of certification.
So many of us work long hours to get ahead in life. But why? So we can spend more time with the family? Why not work less, then you would have more time with your family. Yes, you would have less money too. But which is it you really want, time or money? Or can you just use the money to buy more time? That is what Ramit Sethi is talking about in his article on CNBS’s Make it/money titled Self-made millionaire: This is the greatest paradox of wealth-and most people fail to recognize it. I have a tough time buying time now that I can. The old ways of doing it myself to save money still perseverate. How about you? Do you feel good about buying time?
We will all have to pass our estate on to the next generation at some time. There are things we can do to make that transition easier for our heirs. The White Coat Investor spells out some of them in his article 11 ways to avoid probate. I think that the time delays and expense of probate is highly overrated, especially by those who get paid to form trusts. But still, you can make the transition easier. Be sure you have a will and if you don’t have one, get it done this month. Then incorporate the things in this article to help you pass on your wealth in a way your heirs will appreciate.
Many physicians are looking for something new. Some even want to switch gears and move to a non-clinical job. That will necessitate writing a killer resume that will be different than what you would write for a clinical job. Dr. Michelle Mudge-Riley who runs Physicians Helping Physicians tells us how you can stand out with Resume Tips for Nonclinical Jobs in a recent Look for Zebras publication. If you are serious about a nonclinical job, you might also read my book The Doctors Guide to Smart Career Alternatives and Retirement. Seeing patients is not the only way a physician can earn a living.
Near the end of my career as a surgeon, maintenance of certification (MOC) changed, making it a very cumbersome certificate. There was nothing particularly wrong with the system we had. This has become a problem across all specialties. KevinMD shares a video by Dr. Wes Fisher, who spells out the problem and what is going on now to stop this onerous system. If you are not happy with MOC, then you should take a look at this 9 minute video.
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.