I have neck pain.  It’s been going on for years.  Usually, I get sore stiff muscles once a week and a headache.  This is the consequence of having a big bobblehead on a pencil thin, weak neck.  In the throes of pain, I have thought many a time about doing the right thing, and going to see a physical therapist.  But then I get a heating pad, take a Tylenol, ...

Read more...

Physicians are notorious for being bad with money. Today we’re going to assign some blame for that phenomenon. Physician finances have three enemies, and we’re going to expose them today. 1. Financial professionals Enemy number one consists of many members of the financial industry. These “helpers” are often part of the problem. One of the biggest problems is commissioned salesmen masquerading as financial advisors. Although some of the these “advisors” ...

Read more...

Imagine, if you will, that you’re an anesthesiologist. You’ve been part of a successful practice for over 10 years. You can walk down your neighborhood street and run into mothers whose epidurals you’ve helped place. You’ve established a home, a community, and your children are in a great school system. One uneventful day, say Wednesday, you get an email from the hospital administrators announcing that there’s going to be a meeting ...

Read more...

One of the great myths amongst residents is that once they become attendings, they’ll have so much more free time. I’ll never work this much again, they think. This is the most time-intensive phase of life, and everything after residency is easy in comparison. Unfortunately, they are usually wrong. Statistically, working about the same number of hours in residency and as an attending is the norm. In one study, attendings work 59.2 ...

Read more...

Timeshares, for those who might not know, are a way to own the right to use a vacation resort. It comes in two forms, owning points or owning a specific room in a complex for a specific week. It’s like a partial ownership of a condo at a resort. These units can be traded for other timeshares all over the world. If you own a week, it can be traded ...

Read more...

It is easy to look at someone’s net worth and ooh and ahh.  The response from my monthly income reports is fairly telling.  People see the numbers and wonder how I accumulated so much.  They peruse the Rockstar Finance's Net Worth Tracker and daydream.  To capture these dreams, there are countless blog posts about how to become a millionaire.  If you just follow these three simple steps!  The headlines ...

Read more...

Often a stay at home mom, like we have in our house, is not thought of as a contributor to wealth. Too often, only the person who “really” works and brings home an income is considered to be generating wealth. This is a case of incorrect thinking. The non-working spouse is a very big factor in attaining wealth. In the book, The Millionaire Next Door, the spouse is considered one ...

Read more...

I used to have a patient who was an undertaker.  We had many conversations about philosophy and practicality,  and it didn’t take long to realize the profound insights one must learn when engaged in such a unique business.  As I was often fond of saying, when the undertaker speaks, you should really listen.  This belief that our experiences can lead to new and different perspectives has pushed me to analyze not ...

Read more...

My wife is a urogynecologist lucky enough to get through her seven years of residency plus fellowship with “only” $124,000 of student debt. When we discussed how we were going to get rid of this debt, she had always assumed that it was going to take a couple decades to pay off. With our combined income, we certainly could’ve lived like paupers and extinguished her loans rapidly. However, I knew a ...

Read more...

A few years ago my son expressed interest in racing bicycles. I thought that would be a great way to spend time with him, and if I was going to be at all the races, I might as well race too. It would also help me take a few unwanted pounds off and get me into better shape. We started racing part way through the year and learned the nuances of ...

Read more...

Most Popular

Join 141,000+ subscribers

Get the best of KevinMD in your inbox

Sign me up! It's free. 
close-link
✓ Join 141,000+ subscribers 
✓ Get KevinMD's 5 most popular stories
Subscribe. It's free.
close-image