The Trouble with Giving

We have all heard the phrase “It is better to give than to receive.” So, why then do so many people have trouble being generous with their wealth? Why do so many feel they need to spend all of their income to support their lifestyle.  All studies on giving in the last decade hover at … Read more

Nine Actions Every New Father Should Take

This weekend we celebrate Father’s Day. Fathers have the ability to provide great advantages for their children, who arrive in this world totally dependent on their parents. I appreciate all the things my father did for me and wrote about six lessons I learned from my dad in a previous father’s day message. A few … Read more

Here’s Why So Many Doctors are Broke

Most people think doctors are wealthy, even doctors do. Why do they have this perception? Because doctors make a lot of money (top 5%), they are very smart (only the top students get into medical school), they are hardworking (that’s what it takes to get through our training), and they are resilient (otherwise how could … Read more

Everyone is using the 4% rule wrong

Most people who are saving for retirement are familiar with the 4% rule. According to this rule, proposed by William P. Bengen in 1994, and later confirmed by Trinity University in 1998, you can withdraw 4% of your retirement assets the first year of retirement and then increase your withdrawal for inflation each year thereafter. … Read more

Fawcett’s Favorites 7-6-20

Every week I run into a few articles that I feel are especially valuable and every Monday I would like to share some of the best with you, my readers. I hope you find them helpful. This week’s favorites include Medscape’s physician debt & net worth report 2020, why Bill Gates is happier today than … Read more