Every time I speak or write about retiring at age 54, someone feels the need to tell me “I could have done that too if I was a Specialist like you. I’m just a pediatrician.” Or they are one of the other specialties that tends to rank lower in income than general surgeons. The implication … Read more
Each July new physicians come out of residency and begin their lives as attendings. Many of them will or have already unwittingly set themselves up to lose their independence. All physicians can just as easily set themselves up for independence. Independence in medicine is not about being in private practice vs being an employee, although … Read more
(Today’s guest post comes to you from David Rosenstrock, who is a certified financial planner with an MBA and the Founder of Wharton Wealth Planning, LLC.) Most people want to help ensure that the financial advice they receive is unbiased and truly in their best interest. A financial advisor’s compensation structure can make a significant difference … Read more
A few months ago, a friend asked me if my wife and I would like to take Financial Peace University; a nine-week small group study to help families get their personal finances in order, developed by Dave Ramsey. My friend knew we had already spent a decade teaching another similar course, Crown Financial Ministries, and … Read more
As I encounter information I feel is especially valuable, I like to pass it on to my readers. The 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 why you should take social security as early as possible, even physicians … 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 some … Read more
(Want to meet me in person or attend my lectures? 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 some of my … Read more
Predators who wish to shovel money from your pocket to theirs are everywhere. Some are using outright illegal scams, such as the letter informing you of the $10M you have inherited from a long lost relative in Nigeria. Others use means that are not technically illegal but are very shady. The following are two such … 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
(Today’s guest post come to you from David Rosenstrock, who is a certified financial planner with an MBA and the Founder of Wharton Wealth Planning, LLC.) The daily tasks and responsibilities of a doctor are challenging and can frequently involve a wide range of patients and functions, including many of the administrative aspect of running … Read more
