Some people would like to know the how and why. Others just want to be told what to do. This post is for the second type of people, especially those who feel a little guilty about their finances. Maybe you’ve been out of residency for a few years and haven’t really paid much attention to […]
A doctor who does not retire as a multi-millionaire has failed. There I said it. Hot taken. Tweet it out. Maybe it will make some people feel bad, but I don’t care anymore. Because I think the doctors who aren’t on the path to multi-millionaires need to be shocked out of their complacency, and maybe […]
Not everyone needs a financial advisor, but for many the value of working with a professional is real – whether it’s optimizing decisions, avoiding costly mistakes, or simply reducing stress and freeing up time. For those who choose to delegate, one question should be central: what is a fair price for quality guidance? Financial planning […]
There are many fraudsters and scammers in this world. A large percentage of them appear to live in Utah County. Or maybe that’s just what it looks like from where I’m sitting. A recent one called himself “The bull,’and there were doctors among his victims. A man named Jeremiah “The Bull” Joseph Evans, the owner […]
The S&P 500 may be one of the best investments of our generation. An investment in the top 500 stocks in the United States gives you broad exposure to the American economy. Over long periods of time, the S&P 500 has historically returned around 10% per year, an impressive result. If you want to buy […]
Qualified Charitable Distributions (QCDs) are the most tax-efficient way for seniors to donate to charity. You can still itemize your taxes, but every portion of your donation will be made with pre-tax dollars. Additionally, it may take the place of some or all of the required minimum distributions (RMDs) for that year. The only downsides […]
I can’t count how many times, when talking about disability insurance, I’ve heard someone say, “I’m healthy, I don’t need it,” or “My group policy is enough,” or even, “My parents will take care of me.” Others assume that disability is something that only happens to “other people” – until it doesn’t. For high-income professionals, […]
At some point in life, for all of us, time rather than money will become the limiting factor in our lives. Hardly any of us would trade places with 95-year-old Warren Buffett, despite his wealth, because we all realize he’s running out of time. In what ways can we exchange money for time? #1 FIRE […]
As physicians, we pride ourselves on our diagnostic acuity, precision of judgment, and emotional endurance. But there is a blind spot that many of us share: a blind spot that does not respond to intellect, training or discipline. It’s addiction. Not infrequently, fellow doctors enter my psychiatric practice in bewilderment. Some of them won’t immediately […]
While I was in college around 2010, I researched and visited a surgeon to explore my interest in a career in medicine and surgery. He told me that as a woman I had to make a choice between being a mother and becoming a surgeon. I was shocked to get this answer, seemingly in the […]