We all can use advice from time to time. Sometimes that advice is about personal finances, Investing, or borrowing. When choosing this person, stay away from financial advisors who have a conflict of interest. The advisor who makes money on your investment decisions is like the pharmaceutical rep who is telling you all about his … Read more
My oldest son, Brian, is closing on his first house this month and will be moving into his own place soon. I’m proud to say he used good sense and bought something well within his budget and a bonus was having the appraisal come in significantly higher than his purchase price. Many people make a … 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
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
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
Whooping the Market When I was younger, I thought I was smart enough to beat the market. I didn’t want to invest in those boring index funds, I wanted to make a killing instead. Why should I settle for an 8% return if I could get 30%? I figured since I was a doctor, I … Read more
I am frequently asked the following question: “Should I pay off my student loans before I put money aside to invest in the stock market?” The person asking this quick and simple question is looking for a yes or no answer. The problem I am faced with is there is not enough information in the … Read more
We are forever telling our patients to get exercise, but do we practice what we preach? I find my to-do list often keeps me away from the gym. How about you? Today’s episode is about getting that exercise in the schedule. Hope it will spark some ideas for you to try and get in the … Read more
