Have you ever wondered why people tend to make so many financial mistakes? We spend too much, save too little, and constantly serve as our own worst enemies. There is a reason for all of this, and a way that we can defeat it. Welcome to The Behavioral Finance Series where we will make you better with your decision making, your money, and even being a better doctor.
There is an ongoing battle in medicine waged in the space between each physician’s skull. This battle became very personal when I hit my own wall of burnout over the last six months. With a better perspective and new goals, I am doing my part to prevent this same burnout for our future doctors. Will you join me in this fight?
In the 1960’s, Lew Goldberg showed that a physician’s intuition and judgment can be fatally flawed. Interestingly, the same fatal flaw that was exposed by Goldberg is the same fatal flaw that causes some of the biggest financial mistakes that doctors make with money. Why aren’t doctors rich? Psychology has an interesting explanation that everyone … Read more
I was listening to one of the What’s Up Next podcasts (Episode 18). This particular episode featured four financial advisors. Interestingly, I know all four of them (and one of them is a recommended financial advisor on this site, with one of the other four soon to follow). The podcast was wide ranging, but one … Read more