Last night I read a very interesting article about a woman who just discovered her husband had more money in his 401k than she had is hers while making the same income. They have both been saving for several years, but he had been putting a larger percentage into his plan than she had put … Read more
(Only 14 days left in the promotion for my new online course, The Doctors Guide to Thriving in Locum Tenens. If you are doing or thinking about doing locums, don’t miss out on this opportunity.) Every week I run into a few articles that I feel are especially valuable, so each Monday I plan to … Read more
Every week I run into a few articles that I feel are especially valuable, so each Monday I plan to share some of the best with you, my readers. I hope you find them helpful. This week’s favorites include an explanation as to why your hospital is always full, when is it OK to pull … Read more
If you have been following my writing, you know I have been out of the surgical work force for a year and a half. I have settled into a much more relaxing lifestyle as an author who can set his own work schedule. This week I got a flashback of what my old life was … Read more
(Today’s guest post comes from a regular reader, Stacy B Miller. Stacy experienced a problem in lending to a friend as I suspect we all have. I hope her story helps you make a decision about lending/borrowing arrangements with your friends/relatives in the future.) When we face financial problems, there are many ways to solve … Read more
(Today’s guest post comes from Doug Adamson from Fulton Mortgage Company, an advertiser on my site. Doug helps doctors leverage their earning potential by getting doctor mortgages with low down payments and no mortgage insurance. I had always been opposed to adjustable rate mortgages, until he showed me this article. Now I can be convinced that … Read more
An interesting phenomena recurs when I work with physicians to makeover their finances. They almost never believe that overspending is the problem. They believe the reason their credit card balance is growing, and their large monthly income isn’t enough to pay their expenses can’t be due to their own choice to overspend. They always have … Read more
Many doctors are waiting until they reach age 59 ½ to retire because they mistakenly think they can’t take any money out of their retirement accounts until then without paying a 10% penalty. The IRS rule 72(t) provides the instructions on how to start using the money in your IRA penalty free by taking substantially … Read more
Today I woke up to a great honor. My book “The Doctors Guide to Eliminating Debt” was just included as the 4th ranked doctor specific book to read for those looking to learn about personal finance. This list was published today by The White Coat Investor on his blog. If you have not yet read … Read more
Christmas is coming soon. Many people will be haunted by the presents they give for several months afterwards in the form of credit card bills. It is amazing how much money we Americans spend on Christmas. Many whole industries thrive on the revenue from Christmas sales. There is no reason for you to go into … Read more
