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
(Want to meet me in person and attend my live lectures? Then please join me at the White Coat Investor’s Financial Literacy and Wellness Conference, February 5-8, 2024, in Orlando, Florida. I will be giving two lectures at this amazing conference where I have been a speaker multiple times in the past. If you have … Read more
Many people are under the impression that financial independence (FI) is a number or a destination. For example, once I have a net worth of ‘X’, I will be FI and life will begin. I encountered this attitude during a dinner conversation I had at a conference last weekend with a doctor who is two … Read more
There is a lot of buzz about real estate investors attaining real estate professional status (REPS). The only reason to get REPS is to be able to use your real estate depreciation losses sooner than you would otherwise. It does not generate “new” losses to write off. It only allows one to use their losses … Read more
As I encounter information I feel is especially valuable I like to pass it on to my readers. Following are a few recent gems I discovered. I hope you find them as useful as I did. This episode of Fawcett’s Favorites includes a great new physician financial book, comparing what those who are about to … Read more
As I encounter information I feel is especially valuable I like to pass it on to my readers. Following are a few examples of some recent gems. I hope you find them as useful as I did. This episode of Fawcett’s Favorites includes many physicians wasting their vacation time, everyone should be maxing out their … Read more
Every week I find a few great articles I feel are especially valuable. Following are this week’s best. I hope you find them as useful as I did. This week’s favorites include fixing your job when you don’t like it, ten harsh money lessons you didn’t learn in school, beginner investing tips for success and … Read more
With burn out rampant in the physician community, you would think physicians would cherish their vacation time. Since vacation is a time to take a break from our normal routine and recharge our body battery, we should come back from our vacations rested and ready to work again. But many physicians don’t get any rest … Read more
Every week I find a few great articles I feel are especially valuable. Following are this week’s best. I hope you find them as useful as I did. This week’s favorites include tips on getting the right job the first time, twenty-one powerful experiments to simplify your life, why now is the best time to … Read more
Every week I find a few great articles I feel are especially valuable. Following are this week’s best. I hope you find them as useful as I did. This week’s favorites include reasons to be grateful to be a physician, why being too frugal can hurt you, how to build inevitable wealth, retiring into uncertainty, … Read more
