(If you are currently in the midst of a financial crisis, you will want to get a copy of my next book, The Doctors Guide to Navigating a Financial Crisis, coming June 16th. Pre-order the book here.) Many physicians have lost their joy in practicing medicine. Many factors work together to create joy in your … Read more
If you vacation often, you will run into snags. Cancelled flights, lost luggage, sea sickness, motorhome break downs, bad weather, injuries, a family member’s death, forgotten passports, and many other things could waylay your perfect vacation. Since a lot of money is spent on vacations, encountering a complication can be a significant financial loss. I … Read more
We all get caught up in the New Year sentimentality on January 1st; the ability to have a fresh start and wipe the slate clean. Which translates into starting over in some areas of our lives. So we make our New Year’s Resolutions, hoping that this year our lives will change for the better. We … Read more
Last week I talked about who should own a timeshare. If you are among those I was describing, then the following tips will be helpful to squeeze the most value out of your purchase. If you want even more tips and tricks for using your timeshare, pick up a copy of my best selling book, … Read more
Timeshares, for those who might not know, are a way to own the right to use a vacation resort. It comes in two forms, owning points or owning a specific room in a complex for a specific week. It’s like a partial ownership of a condo at a resort. These units can be traded for … Read more
Often a stay at home mom, like we have in our house, is not thought of as a contributor to wealth. Too often, only the person who “really” works and brings home an income is considered to be generating wealth. This is a case of incorrect thinking. The non-working spouse is a very big factor … Read more
I just finished reading a great book, Deep Work: Rules for Focused Success in a Distracted World by Cal Newport. This book taught me many things about myself and how I use my time. I think all doctors would benefit from what I learned. According to Cal, almost everything we do can be placed into … 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
Many people are blogging about FIRE (Financial Independence/Retire Early). Most of them write from the prospective of a goal they want to reach someday. I write from the other side, having already attained financial independence and retired from my medical practice. Although there are those who would say I haven’t retired yet since I’m still … Read more
As a personal finance coach, I have learned that the most important aspect to wealth accumulation, is having good money habits. Good habits create good results and good results are what everyone wants. We were not born with any of our habits, we learned them somewhere along the way. That’s good news, because that means … Read more
