Many doctors dream of the day they will retire and travel the world. I was one of them. Way back in medical school, I set my sites on retiring at age 50. As I neared my retirement date, I had some apprehension: Would I like being retired? Would I miss medicine? Would I get bored? … Read more
(Today’s guest post comes from Lawrence B. Keller, CFP, CLU, ChFC, RHU, LUTCF, who is a paid advertiser on Prescription for Financial Success. Mr. Keller specializes in own-occupation disability insurance for physicians, something all working physicians need. His comments on this plan will give you a good handle of some things you should be thinking … Read more
Want to be a Cruise Ship Doctor? In 2013 I began searching for ways I could change my career to reduce my work load, but not give up medicine altogether. During that time I took a cruise and looked at various jobs I could do on a cruise ship. One of the jobs I was … Read more
Book Review of Smart Career Alternatives and Retirement The Physician on FIRE did a nice review of my latest book, The Doctors Guide to Smart Career Alternatives and Retirement. You can read his full review here. He has also reviewed my other books on Eliminating Debt and Starting Your Practice Right. My third guide book … Read more
Have you ever set a goal and not achieved it? I have. Many times. Often due to setting the goal in an ineffective manner. In order to set goals with the highest chance of success, we need to set S.M.A.R.T.E.R goals. Using this acronym to set goals will improve the odds of success. If the … Read more
Have you ever wanted to be your own investment advisor? Have you ever cringed at the fees you are paying for investment advice? Does your investment advisor make more money off your portfolio than you do? Now is your chance to learn what it takes to be your own investment advisor. I have been asked … Read more
Last year I wanted to take my family on vacation during Christmas break while my youngest son, Keith, was on break from college. My oldest son, Brian, was not able to get time off work as that was a very busy time for the store. So we decided to take a staycation to allow our … Read more
In my last post, I told my story of how I got out of medical school with only $18,000 of debt. By the time I left residency I had that whittled down to $6,000 at 3% interest. Then during the next three years after starting my practice I had accumulated almost $500,000 of new debt. … Read more
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
