5 Free Online Tools to Streamline Your Finances
August 18th 2016The path to financial freedom requires some work. Luckily, it's not nearly as demanding as medical school. Here are 5 free online tools to help streamline your financial life. Think of these as the Uptodate, Epocrates and Sanford Guides for your finances.
5 Great Money Habits Most Doctors Already Have to Become a Millionaire!
August 18th 2016You've become incredibly educated in your trade by going to school till 28th grade. Now get yourself financially literate as well. A little bit of knowledge and discipline in your finances will pay you beyond your imagination.
Empathy for the Conservative Investor
August 17th 2016In the past, the conservative investor’s needs were met with a portfolio of bonds. These investors did not have to worry about the volatility of stocks because their portfolios were immune to the inherent, and sometimes severe, gyrations of the stock market. In today's economic environment, things are quite different.
The Textbook Definition of Physician Intrapreneurship
August 17th 2016Intrapreneurs are employed folks trying to act like entrepreneurs. Some call them rebels at work, others disruptive physicians, and most refer to them as troublemakers, a pain in the neck, or former employees. All are trying to create change and survive the process.
The PMD Critical List: Medical Practices Spend More than $30,000 a Year on Health IT
August 15th 2016New health IT initiatives are costing medical practices a pretty penny. That story tops this week’s PMD Critical List. Also making the list: A doctor’s place in the White House, physician shortages drive compensation increases, and how a doctor’s kindness impacts patients.
Analytics Open the Door to Clinical and Financial Benefits
August 15th 2016Analytics can be defined as “the discovery, interpretation, and communication of meaningful patterns in data.†Simply put, if you developed a rash every time you ate strawberries, the data would indicate you are allergic to them. So, if you knew that, you would likely stop eating them.
Tax-deferred Retirement Accounts: A Gift from the Government
August 12th 2016In early career, a physician typically has a high income, a low net worth, a high tax bill, and significant liability concerns. Large contributions to tax-deferred retirement accounts are the perfect solution. Don’t say the government never did anything for you.
6 Answers Away from Happiness & a Fat Wallet
August 11th 2016We find every single occasion to buy, every excuse to go shopping. To the point, the term “retail therapy†is actually legitimate term. Urban Dictionary defines “retail therapy†as the act of shopping as an outlet for frustration and a reliever of stress. The entire calendar year is a continuous buying streak from one holiday and festivity to the next: starting with new year, running into Valentine, than Easter, mother’s day, father’s day, labor day, Halloween, Thanksgiving, then the ultimate shop till you drop holiday, Christmas, then it’s all over again.
17 Reasons Why I Wouldn't Bet Against Warren Buffett
August 11th 2016In the post Warren Buffett vs. Hedgefunds, I discussed the $1 million bet between legendary investor Warren Buffett and the hedgefund Protege Partners, LLC. While we have to wait until 2018 to learn the final result of the bet, it does appear that Buffett is ahead by quite a bit - as of spring 2016, Buffett's S&P 500 fund has gained 65.7% compared to Protege's 21.9%.
10 Reasons Not To Buy A House While In Residency
August 11th 2016The decision to buy or rent is very personal and market dependent. For most residents it makes financial sense to rent instead of buying while in residency. There are numerous costs and disadvantages to owning, especially for a short period of time that may make a house or condo a poor investment. Here are 10 reasons why I think buying a house can be a bad decision for most residents.