In February 2017, I saw my last patient and left clinical medicine. Most people would say I retired. I have chosen to say I have repurposed. I no longer see patients, but I still work. I am writing the Doctors Guide series of books, keeping up a blog and working with physicians who need help with a financial makeover, usually to eliminate their debt, set themselves up for retirement or ...

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Recently I had three important events happen during a three day period that reminded me of the brevity of our life and the need to live life to the fullest every day. On July 4th, having planned celebratory events that day with friends and family, a CRNA in my home town awoke feeling poorly just before sun up. He was in great health the day before and lived a very active ...

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It’s amazing how frequently I cross paths with doctors who have never taken the time to actually assess where they stand financially. They tend to fall into a few categories; they never thought of it, they don’t want to know, or they feel they just don‘t have the time. When I work one-on-one with doctors on a financial makeover to get them on track to accomplish their goals, get out of ...

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One of the biggest complaints I hear when I discuss becoming debt free is the dread of living on a shoestring. We did enough of that in medical school, and we don’t want to do it again. Let me make something perfectly clear right up front, you absolutely do not need to scrimp and sacrifice to get out of debt and live debt free, but if you choose to, it ...

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We all can use advice from time to time. Sometimes that advice is about personal finances, Investing, or borrowing. When choosing this person, stay away from financial advisors who have a conflict of interest. The advisor who makes money on your investment decisions is like the pharmaceutical rep who is telling you all about his new medication and why it is better than what you already use. The advice might ...

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I recently was asked about taking a low or no interest car loan and using the money they had earmarked for a car to instead invest for a higher return. This “I can get a better return” game is very common and can be a dangerous game to play. Often it is used as a disguise to camouflage buying a car you actually can’t afford, while trying to sound like ...

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Many doctors today find themselves living paycheck to paycheck. They make a good income but just never seem to get caught up. Non-doctors see us as rich. But many of us are just broke on a larger salary. The whole reason I wrote my book stemmed from a conversation with a doctor who was struggling to make ends meet on a $450,000 a year income. That should never happen. The national ...

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As I work with people one-on-one as a high-performance coach, I have found that the most important aspect to their wealth accumulation, is their habits. Good habits create good results, and bad habits create bad results. The good news is, habits are learned. You were not born with any of your habits; you learned them somewhere along the way. That means you can unlearn your bad habits and learn some new ...

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As a personal finance coach, I have learned that the most important aspect to wealth accumulation is having good money habits. Good habits create good results, and good results are what everyone wants. We were not born with any of our habits; we learned them somewhere along the way. That’s good news, because that means we can easily learn new habits. After all, we didn’t have any trouble learning the habits ...

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I have been helping doctors with their personal finances for a long time. I recently realized that there is a single statement, if doctors would learn to use it, that would change their lives. It is very common for me to encounter doctors who are in over their heads financially, struggling with debt, and living paycheck to paycheck. They have a high income, but never seem to have money left over ...

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