Taking Grandma on her dream trip. Many doctors have the dream of traveling the world. But this dream is constantly being postponed by various things that happen throughout our lives. We can’t travel now because of residency, after residency, then we can travel. We can’t travel now because of the new baby, when she goes … Read more
Aunt Etta And I in Greece. This is a controversial topic that I believe has no controversy for the high-income earner. Beginning to take your Social Security payments before your designated full-retirement age—for me that’s 67—will result in a lower monthly payment. Waiting until later, such as at age 70, will increase your monthly payments, … Read more
Our wedding rings I just returned from going on a weekend men’s retreat with my oldest son, Brian. We had a nice weekend together and my favorite part was the three hour drive each way. It gave us a chance to talk, which doesn’t happen as often as I’d like since he moved to his … Read more
Firefighters Lost on 9-11 I was recently asked the following question: When is the right time to cancel a life insurance policy? Previously I wrote a blog about how to calculate the right amount of life insurance to purchase. You can read it here. This information is also found in my book “The Doctors Guide … Read more
Cruising with Paul and Becky. Vacationing tends to be a very expensive item in a doctor’s spending plan. We work very hard and our time off is precious. Last week’s blog was about doctors needing more vacation time off when comparing to the average worker. So when we go on vacation, there are two things … Read more
Today the Physician on Fire published a piece I penned about my first venture into buying a car. My parents had provided a car for me up until then. It was my second year of residency and my old car, an Oldsmobile Delta 88 which my parents drove for many years before giving it to … Read more
Nothing messes up a good plan for a balanced financial life more than overspending your income. It’s human nature, but it’s like a siren call luring us to our death—as doctors we spent so many years under financial restraint, when it’s lifted we tend to go overboard. We buy too much house, too many toys, … Read more
Christmas is coming soon. Many people will be haunted by the presents they give for several months afterwards in the form of credit card bills. It is amazing how much money we Americans spend on Christmas. Many whole industries thrive on the revenue from Christmas sales. There is no reason for you to go into … Read more
If you have always associated becoming debt free with undergoing great sacrifice, this video is for you. Becoming debt free is all about attitude, not sacrifice. Hope you enjoy.
This week’s video contains an interesting story about how I got sued without ever knowing about it and why it is important for you to have an umbrella policy. Hope you find it helpful.
