Timeshares, for those who might not know, are a way to own the right to use a vacation resort. It comes in two forms, owning points or owning a specific room in a complex for a specific week. It’s like a partial ownership of a condo at a resort. These units can be traded for … Read more
Getting accolades for your hard work, whether it was a successfully completed difficult surgery, a beautifully weeded flower bed or writing a best-selling book is very honoring. Last month two atta boys came my way. I was honored to receive two gold medals from the North American Book Awards. My third book, The Doctors Guide … Read more
Several years ago I had a discussion with one of my residents. He was telling me about how great it was to fly back to Portland to visit his girlfriend. The airplane flight was only 45 minutes and fairly inexpensive. This conversation got me thinking about travel and what mode of transportation is best for … Read more
Often a stay at home mom, like we have in our house, is not thought of as a contributor to wealth. Too often, only the person who “really” works and brings home an income is considered to be generating wealth. This is a case of incorrect thinking. The non-working spouse is a very big factor … Read more
I recently was faced with a decision to sell an income producing commercial building owned in a partnership of 20+ owners. We had not thought about selling the building, but an interested party approached us with a viable offer. We were all suddenly faced with making a decision to sell or keep the investment. We … Read more
A few years ago my son expressed interest in racing bicycles. I thought that would be a great way to spend time with him, and if I was going to be at all the races, I might as well race too. It would also help me take a few unwanted pounds off and get me … Read more
Many doctors dream of the day they will retire and travel the world. I was one of them. Way back in medical school, I set my sites on retiring at age 50. As I neared my retirement date, I had some apprehension: Would I like being retired? Would I miss medicine? Would I get bored? … 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
(Today’s guest post comes from Lawrence B. Keller, CFP, CLU, ChFC, RHU, LUTCF, who is a paid advertiser on Prescription for Financial Success. Mr. Keller specializes in own-occupation disability insurance for physicians, something all working physicians need. His comments on this plan will give you a good handle of some things you should be thinking … Read more
Today I was honored to find my latest book, The Doctors Guide to Smart Career Alternatives and Retirement, hit #6 on Amazon’s top 100 Best Selling Financial Books list. Thanks to all of you who have purchased my book. I’m hoping it will help many doctors who are looking for a change. We will all … Read more
