Med School Desensitized us to Debt

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

Do You Have Alzheimer’s Debtmentia?

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

Would you like to be able to spend Freely?

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

Should I Pay Off Debt or Invest?

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

The Debt-Free Advantage

Being debt-free has many advantages. When you have no debt, you have much less stress. You don’t worry about making the mortgage payment. When the family is going on vacation, you don’t have to stay home and work to keep paying the overhead. When the hospital tells you about the new changes in your contract, … Read more

Book Winners

Book drawing winners Recently Dr. Pamela Wible posted a nice article about my new book “The Doctors Guide to Eliminating Debt.” I especially liked the part where she called my wife, Carolyn, a “brilliant accountant.” She discussed her journey with becoming debt free and quitting her “job” by age 36 and you can read it … Read more