"I have frequently told physicians and dentists that the first really good personal finance and investing book you ever read is likely to be worth $2 Million to you over the course of your life... This is a $2 Million book." ~ James M. Dahle, MD (The White Coat Investor)
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It is not a sexy topic, but it is one of the most important (if not THE most important) topic in personal finance for doctors. Here are the top 10 questions about disability insurance for doctors, and an answer to each. Don’t skip this. It’s important, and that is coming from someone who screwed this up and cannot get disability insurance now.
Getting your medical practice started on the right foot can be challenging. You should know that there are resources out there to teach you how to do this. Join along as we review The Doctor’s Guide to Starting Your Practice Right.
Much of the personal finance blogosphere directed at physicians spends time discussing spending money. And for good reason. Physicians have a spending problem. While I am all about educating people about their personal finance shortcomings, it is also important to find balance in life. Some things in life are worth the money, because they provide happiness despite not building your wealth. One might even argue that these non-monetary things are the best investments. So, today,
We all suffer from Someday Syndrome in one way or another. Someday, things will be better. Someday, I’ll have this (or that). But, the truth is that we might live our entire life waiting for “someday” to come when what we needed was there in front of us the whole time…
Sometimes working harder does not produce better results. Or, maybe you’ve heard it said that “Less is more”? Either way, the modern life is full of distractions that prevent us from living in the moment. Moderate minimalism is the key to fixing that problem.
According to Passive Income MD, these are the two most important words in all of personal finance. And, I’ll admit that you either wield this as a force to be reckoned with our you will succumb to its will. This is the driver of most people’s financial stress, if they have it.