Many of us enter private practice out of residency quite naive. We tend to be untrained in business, management, investing, or accounting. As a result, we may not maximize our…
Wealthy Doc Posts
Would you like to be $500,000 richer? If so, keep reading. Five hundred grand is my estimate of the average benefit of good negotiation skills for a physician. Doctors are…
Ben Franklin was arguably the first Financial Independence & Retire Early (FIRE) “blogger.” His almanac and pamphlets were the blogs of his day. He was a truly self-made man who…
Productivity boosting in a nutshell: Waste no time. The best way to not waste time is to be clear about your priorities. Focused priorities help ensure we will arrive at…
Fortunately, there are many physician employment options. Should we work in academia like where we trained? Or branch out on our own? Maybe we should go with the newest trend…
Paying for college requires a solid plan. Assuming you have children who may one day go to college, are you prepared? Is paying for college for your children your obligation…
Would you score well on a Financial Preparedness test? I would give most physicians a C+. Quite a few deserve an F. Does that bother you? It should. Physicians are…
Optimal spending is critically important. I’m often asked about my spending: “You make so much money. How do you even spend it all?” “You don’t seem to spend much…
“I have no idea how much I would need for retirement.” Fear of Being Poor in Retirement That is the frustration expressed to me recently over brunch. This friend of…
Are you sinking in consumer debt? I was once there. You can get out and here is how.