Doctors today are drowning in debt. That’s not a big revelation, but how did we get here? We moved in a little at a time, like a lobster in a pot of water slowly increasing in temperature until it finally dies when the water gets too hot. Think back to a few months before your … Read more
Take a vacation after residency. When residency ends, you will be tired and stressed out. It has been a long haul. You have finished something great. Reward yourself with a nice long vacation before hitting the next phase of your life. Once you begin working, you may never have this opportunity again to take an … Read more
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
The high cost of credit cards. Do you carry a balance on your credit card? If so, it’s costing you a whole lot more than you think. Today’s video covers the high cost of credit card debt and what it might mean for your retirement.
This year on October 22&23 I will have the privilege of being a mentor at the SEAK Non-Clinical Careers for Physicians Conference in Chicago. This is the meeting that sparked the interest in starting my business “Prescription for Financial Success” to help improve the financial and personal lives of doctors all across the nation. It … Read more
Date night. It’s what you need. When was the last time you took your spouse out on a date? If you can’t remember, it’s been too long. Get it on the schedule now. Today’s video is about the importance of date night. Comment below on your favorite way to work a date into your busy … Read more
This is the time of year when residents in their final year of training begin to search out that perfect job. You should have taken the time to figure out what that perfect job looks like and where it will be and now the search begins. What follows are several ideas that you may find … Read more
The importance of having a mentor Do you have a mentor? It is important for doctors to establish a mentor relationship with an older doctor who knows the ropes. They can have a big impact on your life when you hit a bump in the road. Today’s video helps explain why.
This week James M. Dahle, MD, The White Coat Investor, published an article in his blog that I penned about my experience of saving for retirement during my residency. It is possible to do so and I was able to save enough before I left my five years of general surgery residency that the account … Read more
What is the true cost of clutter? How much of your day is wasted by clutter? How much of your life has been lost looking for something buried somewhere on your desk? How many projects have you started only to get sidetracked by something you saw nearby? There are already enough distractions around you without … Read more