Let’s be real here. Women make babies. Women also kick butt working. Sometimes women need to make babies while kicking butt working. So, you know, the human race can survive … no big deal. But, all too often, families are unfairly burdened by our dismal maternity support system. Bleary-eyed and bloody, new mamas emerge from childbirth facing a mountain of medical bills and no income. For my first pregnancy, my family ...

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I was driving up to Northern Michigan recently for a nice vacation with family, and like any long road trip, before I left, I turned on my GPS on my iPhone to see how many hours it would take to get there. There’s an initial excitement to get on the road, looking forward to how enjoyable your upcoming vacation will be. However, once you hit the highway, road trips can become long, ...

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There is a taboo in medicine. It is becoming less prominent, but it still exists. You’re not supposed to talk about money. Not how much something costs a patient, not how much you get paid, not how you invest, and certainly not about the freedom from medicine that financial independence can bring. This first shows up as you are applying to medical school. You don’t want anyone writing a ...

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I just spent two days at the Florida Medical Association Annual Meeting. We were there to help educate the physicians on real asset investing. I met many interesting people and likely started some new and exciting relationships. Many of the physicians stopped to talk to us about real estate investing and the benefits of passive cash flow, but there was a troubling undertone that permeated many of the conversations. A ...

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A budget is a guide that helps you increase your awareness of where your money is going and how much you are saving. It’s important to develop a budget early on as part of a strong financial foundation. It’s a common misconception that budgeting gets easier when you have more money. As the rapper Notorious B.I.G. famously said, “Mo’ money, mo’ problems.” Why is it important to develop a budget ...

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Recently, a male physician made public a common, inaccurate, and appalling opinion: Women are paid less, because they don’t want to work hard. The comment, in the September issue of the Dallas Medical Journal, asserts that women are paid less, because they see fewer patients. This is because women physicians “choose to or they simply don’t want to be rushed.” He writes that “most of the time, their priority is something ...

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“Yes, there is a pay gap.  Female physicians do not work as hard and do not see as many patients as male physicians.  This is because they choose to, or simply don’t want to be rushed, or they don’t want to work long hours.  Most of the time, their priority is something else … family, social, whatever.  Nothing needs to be “done” about this unless female physicians actually want to ...

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I have a few hundred thousand dollars in 529 plans.  We have been growing them for years.  Although not everyone's cup of tea, this lump of money invested in this manner suggests that not only am I prepared to drop a boatload on college education, but also feel that it is cash well spent.  Although this type of thinking was self-evident a decade ago, there is a growing chorus of ...

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First of all, I am far from a financial genius. I am also not a natural saver. Thanks to scholarships and jobs, I made it out of college without loans. But, I took out a $191K for medical school. In the middle of med school, I took a year off to teach. During that year, I didn’t put anything towards student loans and lived it up. Unfortunately, in forbearance, those ...

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I usually simplify things here on the blog.  Sometimes it is easier to glaze over a part of the story instead of pulling out all the details.  Others, the point is clearer when not bogged down by tangentially related details.  What’s lost in nuance, however, often adds shades of complexity to the picture.  Occasionally another viewpoint is suppressed on purpose.  I have frequently referred to the fact that I 
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