This month America celebrates its independence. As a country, independence is true, but as individuals, many suffer in bondage. The need to “have it now” has led to such consumerism that debt has grown to unbelievable levels. It’s time to declare independence from debt. Debt bondage is not a new thing. Several thousand years ago … Read more
I recently was asked about taking a low or no interest car loan and using the money they had earmarked for a car to instead invest for a higher return. This “I can get a better return” game is very common and can be a dangerous game to play. Often it is used as a … Read more
Canal in Greece. The Doctor Freedom Podcast recently interviewed me and we covered some issues about not digging deeper into debt. A large portion of the interview went into my experience in rental real estate. If you would like to hear the 30 min interview you can get it here.
My son Brian racing for the University of Oregon Bike Team. One of the biggest complaints I hear when I discuss becoming debt free is the dread of living on a shoestring. We did enough of that in medical school and we don’t want to do it again. Let me make something perfectly clear right … Read more
Today the Physician on Fire did a very nice review of my book “The Doctors Guide to Eliminating Debt.” If you don’t already own this book, his summary may help you decide if the book is for you. You can read it here. If you are undecided, here is a test: If you have debt, … Read more
My son recently announced his engagement and started an intense period of wedding planning since the wedding was only three months away. I began to reminisce about my wedding and the planning that led up to the big event, which for me was also a three month engagement. In my case, I was away at … Read more
KevinMD recently published my article about viewing debt as a disease, Malignant Credit Carcinoma. Here is an excerpt of that article, which comes from my book, ”The Doctors Guide to Eliminating Debt.” Debt should have an ICD-10 code Debt is destroying the lives of doctors everywhere. The cost of getting an education has moved into … Read more
With a society living on credit, a government deep in debt, eight years of desensitization during training (something unique to doctors), rising tuition, and falling pay—it’s no wonder doctors are having a major problem with debt. Where will it end? Debt has become the norm. Will Rogers summed up this pattern of high consumption on … Read more
The high-pitched wail of the pneumatic saw cutting through the tibia and the little bits of tissue the blade flung onto the surgeon’s gown were not enough to get to me the first time I saw a surgery, during my senior year in high school. It was the smell. Sliding down the wall in the … Read more
Many people never get the opportunity to enjoy their grandparents. Your grandparents may have died when you were too young to know them, lived too far away, or were so frail they couldn’t play with you. I was fortunate to know all four of my grandparents. I lost both grandfathers to cancer before I was … Read more
