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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Times have definitely changed. In the month of March 2020, we have seen the global economy shut down almost completely. Businesses shut down. Travel stopped. Millions filing for unemployment. Crises that used to span out over months, now happen in the time span of weeks to days. The rate of economic decline from COVID-19 is faster, more pronounced, and more pervasive than 9/11 and the 2008 financial crisis combined. Unlike 9/11 and 2008, the ...

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Out of the blue, a new virus popped up, and ten weeks later, it is a pandemic. Within the last ten weeks, doctors have identified this new disease, figured out how it is transmitted, identified what body fluid we need to test to determine who has contracted the disease, developed a test for it, mass-produced that test, and distributed the tests all over the world. What an incredible response we ...

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With COVID-19 raging through the nation, and limited supply of PPE at hospitals, doctors and other critical care personnel are at high risk due to their increased and daily exposure to the virus. For health care workers, the need to plan for a possible worst-case outcome for themselves and their families has become an immediate concern. Doctors are spending limited weekend time
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As COVID-19 continues to spread throughout the country and leave lasting impacts on our economy, many of us are trying our best to cope with the changes. While this can take a huge toll on our mental health and leave us unsure of our next move, there’s one thing we need to do in the midst of the chaos: Buy long-term disability insurance. Here are six things you ...

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