We have all heard the saying “starting is half done.” I have found that to be true in my life. It is so easy to make a long list of all the things I want to get done, and daily just read the list without making progress toward accomplishing anything on the list. Nothing happens … Read more
Everyone has an idea of what they want their retirement years to be like. But when we finally pull the trigger and retire, we are traversing a new path for the first time. With no prior experience, we are likely to hit some snags. It’s best to learn about these snags from others and not … Read more
This time of year, many physicians are moving and buying new homes. It will likely be their first home. My oldest son bought his first rental house before he even moved out of our house. Then he bought another one shortly before his wedding. After the wedding, he moved into it with his new bride. … Read more
I have often written about the benefits of becoming debt free. In fact, last month I listed 20 good reasons to pay off your home mortgage. Whenever I write about becoming debt free, I get mail informing me that being debt free is a stupid idea. They say things like “I can invest my money … Read more
Work/Life balance is a common desire in the lives of busy professionals. All too often, we feel our job is the cause of the imbalance between our work and our home life. But the reality is our own behaviors are causing the imbalance. It’s not the job’s fault. Which is good news, since it means … Read more
I am a big fan of cash flowing real estate as it has so many advantages over investing in the stock market. I know this firsthand, since I invested in both. Over my lifetime I have invested more money in the stock market than I have invested in real estate, yet my real estate returns … Read more
The purpose of vacations is rejuvenation. Very few doctors reach the goal of being completely rejuvenated by the end of their vacation. We work hard for many years and from time to time we need to take a break and recharge our batteries. For a vacation to be effective at rejuvenating us, it needs to … Read more
Personal debt is a topic that lends itself to many disagreements. There is the argument about “good” debt and “bad” debt, which is ridiculous since every debt is a burden. “Good” debt is akin to wearing your cleanest dirty shirt. If given the choice between inheriting a house that has “good” debt (a mortgage), or … Read more
As many of you know, I was recently hacked. My Facebook account was taken over by a thug who changed my Facebook password, added his email, and changed my authentication methods to use his information. Consequently, I could not access my Facebook account for ten days. After about a week of trying to get my … Read more
(Are you interested in learning about financial freedom through real estate investing? Join me at the Physician Freedom Summit 2025, October 6-8, in Los Angeles. I will be speaking on purchasing property with no money down, which is how I started investing in real estate.) Physicians are in a constant battle to improve life at … Read more
