Most Americans live their lives on borrowed money, constantly spending a little more than they make, leaving them with a growing debt. These debt payments, and the added interest they must pay on their debt, decreases the amount of money that they have available to spend on future needs. Paradoxically, borrowing to buy depreciating items, … Read more
We have all received many gifts throughout our lifetime. Most are long gone and forgotten, but a few gifts stand out as favorites. As kids we are given so many toys that we don’t even remember most of them. As we get older, practical gifts like ties and socks are given. Sometimes people don’t know … Read more
In December of 2011, I made a career move that changed my life. My life as a surgeon was getting stale. Doing the same old thing for two decades was getting old and I was looking for something to breathe new life into my surgical practice. I decided to look into doing a short term … Read more
Today’s guest post comes from a doctor who came to this country at age 6, not being able to speak English. He eventually became a primary care physician and today he makes his living making house calls. Many people say you can’t do that anymore. It seems you still can. I think people go … Read more
As Christmas approaches, I have begun seeing ads for things our family ‘must’ have this Christmas. Overspending in December is a common problem I often find when I do a financial makeover for doctors. There is a huge push to buy things during the Christmas season, whether they can afford it or not. Those who … Read more
Many physicians can look back in their life and find a pivotal point, an event that changed the direction of their lives. They may even have several such moments. It could be the day they decided to become a physician, or the day they picked their specialty. For me it was the day I decided … Read more
(Today’s guest post comes to us from England. I met Dr. Nikki Ramskill in Orlando at a conference we both attended, FINCON18. She went through a tough time as an OB/GYN specialist and burnout caused her to take some time off in 2015. She decided to go back into training and switch to a less … Read more
Burnout and dealing with its symptoms has become a hot topic in the last decade. It’s a problem that has multiple contributing factors. Some of those factors are thrust upon us and are beyond our control, such as government regulations. Other factors are self-imposed, and thus under our control, such as volunteering for extra call … Read more
(Today’s guest post comes from Joseph Hogue, who is a reader of my blog and a retired economist. He now spends his time with his four websites teaching people about the wonderful world of finance. He presents some different ways to look at investing during your retired years.) These three investing strategies will help … Read more
We have been trained from the day we started earning money to put some of it away for the future. For most of us, the lion’s share of this is saving for retirement. The government has given us many helpful vehicles to do this: Traditional IRA, Roth IRA, SEPP IRA, 401(k), 403(b), HSA and others. … Read more
