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
Physicians go through extensive training to become doctors bringing in a high income. Unfortunately, they have no training in how to manage all that money. Consequently, we make a lot of money mistakes. I have taught personal finance for the last three decades. It has been both fun and rewarding, especially when someone finally realizes … Read more
Debt is a very touchy subject. Some people think there is such a thing as “good” debt. Then there are others who mistakenly think they will become wealthy by hanging onto their 3% loan as long as possible. And still others can’t tell the difference between being able to afford a car vs being able … Read more
I recently gave a lecture in which I asked the question, “Do You Choose Money Over Family?” Of course, everyone would answer with a resounding no. No one would ever admit to choosing money over family. Yet isn’t that exactly what we do when we choose to moonlight? Or work extra shifts? That statement will … Read more
