When I was a young lad, just heading off to college, I had no debt. I had no credit cards. My family didn’t use debt for purchases other than buying our house. I really didn’t have any knowledge about how to best use debt. My student loan package included a scholarship, a work study program … Read more
As the year comes to an end, congress has passed the new tax bill. This was certainly not tax reform as has been discussed, but simply a rearrangement of how they calculate our taxes. This new plan lowers tax rates but eliminates many of the items that were previously deductible. Sort of like rearranging the … Read more
Almost everyone is familiar with the story of Ebenezer Scrooge in A Christmas Carol. I was thinking about that this year and thought Charles Dickens could have just as easily written about Ebenezer’s financial situation and had visits from the ghost of finance past (Debt), the ghost of finance present (Budget), and the ghost of … Read more
An unusual thing happened to me today; I was awakened by my phone alarm. Ever since I stopped practicing medicine ten months ago I have rarely needed to set an alarm to get up. Today when my alarm sounded, Carolyn commented that when she woke up, she thought we were in Spain. Last Spring we … Read more
I am continually running into people who are confused as to what constitutes debt when we are doing a makeover with their spending plans. Wikipedia defines debt as money owed by one party, the borrower or debtor, to a second party, the lender or creditor I have clients who list out their accounts payable as … Read more
Many people are blogging about FIRE (Financial Independence/Retire Early). Most of them write from the prospective of a goal they want to reach someday. I write from the other side, having already attained financial independence and retired from my medical practice. Although there are those who would say I haven’t retired yet since I’m still … Read more
Today is Thanksgiving, a time when we all think about what we are thankful for. It is unfortunate that we are not thankful every day of the year, since giving thanks does wonders to brighten our disposition. As Thanksgiving approached, I picked up the ACS Surgery News and found an article written by one of … Read more
That is what the White Coat Investor (aka. Dr. Jim Dahle) had to say about my Doctors Guide book series. I was elated to wake up today to find his review of my books in his day before Thanksgiving blog post. We often toil with projects and never have anyone acknowledge the hard work we … Read more
As a personal finance coach, I have learned that the most important aspect to wealth accumulation, is having good money habits. Good financial habits increase wealth which leads to a life of happiness, stability, and security. We were not born with any of our habits, we learned them along the way. That’s good news, because … Read more
As a personal finance coach, I have learned that the most important aspect to wealth accumulation, is having good money habits. Good habits create good results and good results are what everyone wants. We were not born with any of our habits, we learned them somewhere along the way. That’s good news, because that means … Read more
