Latest Posts

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...

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...

May 31st, 2016

This whitepaper from Dimensional Fund Advisors offers some interesting insight into the performance of various investments over time—and the futility of speculation. Among other points, you might be surprised at the extent to which the relative performance among stocks depends on company size...

April 29th, 2016

It’s the last of seven strategies in Pay Yourself First: A Financial Guide for Doctors Entering Practice:

“Choose your friends wisely. Remember, the...

March 31st, 2016

Do you know the difference between a traditional and a functional balance sheet? This excerpt from Changing Outcomes makes the important distinction.

One of the hottest areas of medicine right...