Latest Posts

November 30th, 2016

Question: How can physicians avoid falling into the trap of status with regards to buying stuff?

First. First, understand that it isn't a character defect. We’re all are subjected to strong signaling about spending and about our socioeconomic...

October 27th, 2016

The single decision most likely to work against attaining walkaway wealth is buying “too much house.”

Even unusually intelligent Americans, like physicians, tend to approach the economics of home ownership in a conceptual, not an analytical way. They tend to believe that real...

September 22nd, 2016

It is entirely possible for family medicine physicians to build substantial wealth and retire with security. In fact, they may have a leg up on the specialists.

The advantage of more highly paid physicians is often reflected in their lifestyles rather than in their...

August 31st, 2016

The following is an excerpt from Changing Outcomes: A Financial Recovery Strategy for Peak-Career Physicians.

The new physician is often faced with forbidding economics at the outset of her career. That new doctor’s higher income is partly an illusion, because it ignores the...

July 30th, 2016

Step One: Determine how much savings, as a percentage of income, you intend to put away.

Step Two: Determine the optimal sequence of savings.

Step Three: Automate your plan.

Just as with your employer's pre-tax retirement plan savings, which come out of your paycheck before...

June 30th, 2016

Certain elements of long-term investment advantage are well-supported by evidence. This interview will discuss how physicians can incorporate these...