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
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
Taking Grandma on her dream trip. Many doctors have the dream of traveling the world. But this dream is constantly being postponed by various things that happen throughout our lives. We can’t travel now because of residency, after residency, then we can travel. We can’t travel now because of the new baby, when she goes … Read more
Today a new article of mine was published at KevinMD. I discussed the issue of physician availability and related it to a time when I needed a roofer and they could not see me for three months. Here is an excerpt from that article: If we’re not available, then the patient often ends up in … Read more
Aunt Etta And I in Greece. This is a controversial topic that I believe has no controversy for the high-income earner. Beginning to take your Social Security payments before your designated full-retirement age—for me that’s 67—will result in a lower monthly payment. Waiting until later, such as at age 70, will increase your monthly payments, … Read more
I officially left clinical medicine on February 20, 2017. Some people call it retirement, others call it a job change, I call it repurposing. Now I’m following a new mission; teaching personal finance and lifestyle balance to high income professionals through books, one-on-one coaching and speaking. I enjoy saving/changing lives in a new way now. … Read more
“The Doctors Guide to Smart Career Alternatives and Retirement,” is now available. This is the third book I’ve published in the last 16 months. No wonder I feel so busy. I wrote this one especially for the physicians (one third of you) who want to retire, cut back, or change to a nonclinical career in … Read more
Cruising with Paul and Becky. Vacationing tends to be a very expensive item in a doctor’s spending plan. We work very hard and our time off is precious. Last week’s blog was about doctors needing more vacation time off when comparing to the average worker. So when we go on vacation, there are two things … Read more
Most of the time when a doctor gets hired they are treated like the average worker when it comes to vacation time allotment. The CEO will think of the doctor’s time in the same fashion he or she thinks of their own time and the time of the other employees at the hospital. But we … Read more
I recently was asked about taking a low or no interest car loan and using the money they had earmarked for a car to instead invest for a higher return. This “I can get a better return” game is very common and can be a dangerous game to play. Often it is used as a … Read more
