We learn a lot of what shapes our lives during our teenage years. As a teen I was an entrepreneur. I mowed lawns, baby sat, taught piano lessons, played guitar and sang in a rock band, helped my grandparents repair their rentals, and even raised money for worthy causes. Mowing lawns, real manual labor, taught … Read more
There are many things that could put a family into a personal financial crisis. The death of the primary bread winner (like what happened to this family), or the loss of a job are two great examples. When a crisis hits your family, quick action is needed to have a speedy recovery. I recently discussed … Read more
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
Last week I explained some of the rules and tax smart tips you need for hiring your children to work with you in your business. As I discussed on page 32 of my book The Doctors Guide to Real Estate Investing for Busy Professionals, you should be hiring your children to work in a business … Read more
The pandemic our world is experiencing will result in some modifications to life as we know it. After living through a bad event, we tend to come out the other side with new knowledge that will bring about some needed changes to better our world. Yes, death is bad and the loss of one’s job … 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 ways to make your medical training years less stressful, a 58 year old with no retirement … Read more
Americans have a big financial problem according to a recent government study. In one of the most prosperous nations on earth: 40% of us can’t afford a $400 unexpected expense, 20% can’t pay all the bills in full this month, a quarter skipped seeing a physician due to lack of funds, and 25% have nothing … Read more
(Those of you who were holding out for the Kindle version of my new book, The Doctors Guide to Real Estate Investing for Busy Professionals, are in luck as it is now available on Amazon.) This week my wife and I celebrated our 31st wedding anniversary. It made me think about how my life has … Read more
We’ve all seen a few “news” pieces about the recent government shut down. It’s interesting, but not surprising, to hear that numerous government employees are crippled by the delay of a single paycheck. This is exactly the reason everyone needs an emergency fund. When an unexpected financial catastrophe pops up, we need to be able … Read more
Most of the doctors I’ve encountered who are financially secure at a young age have one thing in common, they are frugal. They are not cheap and I think that is a big distinction. Cheap is buying a particle board dresser for $60 that may not last more than a few years. Frugal is buying … Read more
