When I speak to medical students and residents, their number one question is, “Should I follow my passion or choose a specialty that pays well?” With so many students finishing their training deeply in debt, they are feeling a push to go into a specialty that pays better than average, thinking that it will solve their debt problem. But is that a good idea? Since we can pick anything we can ...

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When I graduated from medical school, one of the best decisions I made was to set up automatic savings. I made a budget that had about 25 percent taken away in taxes, decided to live on 50 percent of my income, and made the bold move to have the remaining 25 percent placed in an entirely separate account. This account was reserved for building wealth through saving, investing, and paying ...

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It's not hard to get started in real estate investing, but it can feel overwhelming at first. There are so many questions to answer!

  • Where do I get the money to do it?
  • How do I find the "right" property?
  • Do I have time to be a landlord right now?
  • Is it really worth the investment?
Financial security is an illusion, if your only income is from your main job.
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Physicians have not been immune to the economic impact of the pandemic. There have been several furloughs and reductions in RVUs. Although physicians are high earning professionals, many start careers well into their 30s and are saddled with tremendous debt, and the need for financial planning cannot be ignored. There has been a lot of buzz about investing in commercial real estate through syndication. This option may become more and more ...

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We have all heard that real estate is the investment vehicle of the wealthy. However, not many physicians take advantage of this tremendous resource. The reality is the average medical student graduates with close to $200,000 in debt and does not finish training until his/her late 20s/early 30s with no financial education. The current COVID-19 pandemic has shown us that no job is protected, and earning potential can decline at any ...

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Since 2008, after embarking as a full-time entrepreneur, my career has been a series of peaks and valleys. By 2016, I had achieved FIRE status in my mid-thirties by investing in residual income-producing investments, including real estate and equities. As a result, I was able to take a year-off sabbatical to contemplate my next career move. In 2017, I then started my consulting company to reach more people and make a ...

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These past few weeks have turned the entire world topsy turvy and called into question many beliefs that were previously taken for face value. One of those fundamentals that has been shaken to its very core is the stability a physician has with his or her job or income. Decades ago, my father — a physician himself — told me that no matter what, physicians will always be in demand and have ...

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Prior to 2000, a practicing physician was almost guaranteed a prosperous economic livelihood. The guaranteed future meant that a physician could take on financial risks such as using student loans to finance their education, purchase a house during residency, and start building a family. After becoming an attending, affording the million-dollar house, saving for retirement, financing their kids’ education, a physician could then use the remainder to afford the luxuries of life. ...

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The pandemic has revised the triple aim framework of health care. The simultaneous triple pursuit of improving the patient experience of care, improving the health of populations, and reducing the per capita cost of health care is currently not possible. With widespread forced lockdowns, we are unable to provide the optimal patient care experience, the health of the population is declining (limited access, postponed procedures, delayed vaccinations, etc.). And while ...

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With the coronavirus pandemic, many cities across the country have shut down. While some people are working from home, many others have been furloughed or lost their jobs altogether. With this rapid decrease in economic activity, the stock market has taken a huge hit. Many people who had a big chunk of their network in stocks, have seen a sharp decline in the overall value of their investments. In the ...

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