Today we have a guest post from Christopher Yerington, MD, who learned the hard way about what disability coverage really means and what it takes to get your benefits. You will find his experience enlightening. Physicians and Dentists often wrongly believe their hospital, group, or practice, provides them with a good group disability insurance policy. … Read more
Last week I talked about who should own a timeshare. If you are among those I was describing, then the following tips will be helpful to squeeze the most value out of your purchase. If you want even more tips and tricks for using your timeshare, pick up a copy of my best selling book, … Read more
Getting accolades for your hard work, whether it was a successfully completed difficult surgery, a beautifully weeded flower bed or writing a best-selling book is very honoring. Last month two atta boys came my way. I was honored to receive two gold medals from the North American Book Awards. My third book, The Doctors Guide … Read more
Several years ago I had a discussion with one of my residents. He was telling me about how great it was to fly back to Portland to visit his girlfriend. The airplane flight was only 45 minutes and fairly inexpensive. This conversation got me thinking about travel and what mode of transportation is best for … Read more
Often a stay at home mom, like we have in our house, is not thought of as a contributor to wealth. Too often, only the person who “really” works and brings home an income is considered to be generating wealth. This is a case of incorrect thinking. The non-working spouse is a very big factor … Read more
I was recently asked what I thought was the number one problem that caused unhappiness in America. We are one of the most prosperous nations in history. You might think that with all that prosperity and wealth, Americans would be happy. Obviously wealth does not equal happiness. Many would argue that since America has a … Read more
Many doctors today find themselves living paycheck to paycheck. They make a good income but just never seem to get caught up. Non-doctors see us as rich. But many of us are just broke on a larger salary. The whole reason I began Prescription for Financial Success – Helping Healthcare Professionals Thrive, stemmed from a … Read more
Last year I wanted to take my family on vacation during Christmas break while my youngest son, Keith, was on break from college. My oldest son, Brian, was not able to get time off work as that was a very busy time for the store. So we decided to take a staycation to allow our … Read more
I have been helping doctors with their personal finances for a long time. I recently realized that there is a single statement, if doctors would learn to use it, that would change their lives. It is very common for me to encounter doctors who are in over their heads financially, struggling with debt, and living … Read more
Almost everyone is familiar with the story of Ebenezer Scrooge in A Christmas Carol. I was thinking about that this year and thought Charles Dickens could have just as easily written about Ebenezer’s financial situation and had visits from the ghost of finance past (Debt), the ghost of finance present (Budget), and the ghost of … Read more
