October is traditionally known as breast cancer awareness month. For me, seeing all the pink on social media is a stark reminder of my brush with the terror of breast cancer. As I was about to scrub into an operation, I got a call from my office manager. She asked if I would be at my wife's doctor's appointment with my partner that afternoon. I told her I was busy, but ...

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The most common question I am asked when someone finds out I managed my own real estate while I was a full-time general surgeon is: "How could you possibly have time to manage your rental real estate while being a full-time general surgeon? General surgery is a full-time job. It's not possible to fit a second full-time job into your schedule." The thing is, managing real estate is not a full-time ...

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There’s not a perfect financial planning vehicle in existence. Salary deferral plans, like many retirement plans and 457 plans, carry pros and cons. Many hospital systems have a combination of 401(k), 403(b), and 457 plans. The 401(k) is often designed for the employees who make under a certain amount, say less than $150,000 or so. Then the 403(b) with an option to contribute to a 457 salary deferral plan is ...

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A lot is happening when graduating medical residents are looking for employment after completing graduate medical education. They are finishing their residencies, taking the specialty boards, and trying to decide where they will be spending the rest of their lives. Considering a new job offer can be both exciting and stressful. It is natural in such circumstances to focus on what the job promises, where it is located, and how much it pays—and easy to overlook the fact ...

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Your success in the medical field is not solely contingent upon your clinical dexterity but often results from the mastery of various industry aspects. What separates a great doctor from a good doctor is their cognizance of both the clinical and business sides of medicine. The market, risks, and trends of medical businesses are a great resource for residents as they establish their place in medicine. Business management is a ...

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This is really the question that got me started blogging. My focus is on helping physicians get their finances to achieve financial well-being as I work on achieving it myself. I guess I feel qualified to talk about it because I am on this same trip. I especially like to focus on helping those in training, transition to become an attending, or have recently become an attending. This is really a critical ...

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This article is sponsored by Doc2Doc Lending. Find out more about personal loans for physicians from Doc2Doc Lending. For the vast majority of us doctors, a career in ...

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Many young professionals are quite busy and don’t want to spend what little free time they do have learning the ins and outs of investing. If you, or someone you know, plan to hire a financial advisor to handle your money, there are 5 questions you should ask before you entrust that advisor to your hard-earned cash. 1. How are you paid? Believe it or not, many financial advisors have incentives ...

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A quick preview of any journal will note a plethora of physician jobs spanning the country. Many of these jobs offer a partnership track and promote a democratic philosophy. As someone who has worked on both sides of the equation, I wanted to share a few thoughts. You may not agree with all, but here they are, nonetheless. First, consider your long-range plan. While it’s exciting to contemplate a first job while ...

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As doctors, we carry more educational debt than most other professionals. We want to enjoy a nice lifestyle for our efforts, so we buy nice houses and spend our money. To make our hard work and sacrifices worthwhile, we have to invest our earnings to keep up with inflation. Choosing how to invest our money is full of risk. One under-appreciated risk that we face -- even if diversified -- is ...

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