(Today’s guest post comes from Doug Adamson from Fulton Mortgage Company, an advertiser on my site. Doug helps doctors leverage their earning potential by getting doctor mortgages with low down payments and no mortgage insurance. I had always been opposed to adjustable rate mortgages, until he showed me this article. Now I can be convinced that … Read more
Upon retiring from clinical medicine and becoming a full time author/coach (I like to say I’m repurposed), I was uncertain as to the amount of taxes I needed to pay. I have a complicated tax return with several K-1s that don’t surface until March. My final return totals 32 pages for federal and 5 pages … Read more
Many doctors don’t want anything to do with investing money. They feel investing is not what they were trained to do and therefore a waste of their valuable time. I think this attitude gets some doctors into trouble. It is true that our time is best spent in our main area of training, but it’s … Read more
Have you ever wanted to be your own investment advisor? Have you ever cringed at the fees you are paying for investment advice? Does your investment advisor make more money off your portfolio than you do? Now is your chance to learn what it takes to be your own investment advisor. I have been asked … Read more
As a personal finance coach, I have found that the most detrimental aspect to wealth accumulation, is having bad money habits. Good habits create good results, and bad habits create bad results. You were not born with any of your habits, you learned them somewhere along the way. That means you can unlearn the bad … 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
“The Doctors Guide to Smart Career Alternatives and Retirement,” is now available. This is the third book I’ve published in the last 16 months. No wonder I feel so busy. I wrote this one especially for the physicians (one third of you) who want to retire, cut back, or change to a nonclinical career in … Read more
First copy of my new book An exciting moment in Hawaii today as I received the first copy of my new book. The lady at the front desk said I shouldn’t be getting mail, I’m on vacation. It made for a happy vacation day. Doctors are having a tough time with debt and it’s getting … Read more
Is it better to pay off your student debt or save for retirement? The answer is variable and depends mostly on what your budget looks like. If you are drowning in debt then forget about investing and put all you effort into paying off enough debt to make some breathing room in your budget. Without … Read more
