Life is full of potential worries. Personal, professional, and other stresses can make us anxious and reduce our happiness and quality-of-life. A major source of anxiety in our lives can be financial. A recent survey found that 85% of Americans are at least “sometimes” stressed about money and 30% of Americans state they are “constantly” stressed about it. In order for physicians to reduce their financial anxiety, they first have to ...

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It must have been about a decade ago.  It was another snowy day like today.  I awoke at the break of dawn, and rushed out the door to the hospital that was several miles away.  Leaving so early in the morning, the expressways hadn’t even been plowed yet.  I did this often.  Jumped into the car during inclement weather.  While most were waiting out the storm, I was cruising to ...

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How often do we face a physical or mental feat that we’ve always wanted to do, but never seemed to be able to complete successfully? I had a physical feat that I wanted to do my entire life, and this year, at age 56, I finally succeeded. I can still picture my junior high gym class. Lots of other people could do it. Why couldn’t I? They didn’t seem to ...

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This article is sponsored by Careers by KevinMD.com. What makes any particular job a "bad" one? Maybe the pay is too low. Perhaps the hours don’t work with your other commitments. It could be the commute is too long, or the opportunity for advancement is too little. A job might be bad because it has a poor ...

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I use social media.  Specifically, I use Facebook, Twitter, and LinkedIn.  In the beginning, I did so for utilitarian purposes.  As a columnist and aspiring writer of books, these were (and indeed are) useful marketing tools. I have, in the past, carried around a note-pad to jot down ideas.  I was never without my note-pad.  I always wanted a small legal-pad with a blue or black gel-ink pen.  It was my ...

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The general consensus among physicians who have a solid grasp on their finances is that they are realistic about their earnings and expenses. Ins and outs. Just like in nephrology, except a net positive in your finances is considered a win.  One would expect that doctors ought to be generally conservative in their expenditures, since medicine is a generally conservative profession. But life is unpredictable, and that’s why there are ...

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As a medical student, you are thrilled to start your residency and to put your four years of studying and clinical rotations to the test. Now the time has come to begin earning a paycheck. This is the beginning of the financial stages of physicians. As an attending who has transitioned into practice, you may be stressed and wondering if you are on track to meet your financial goals. You are ...

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Q. Have you ever thought about doing a post on oversaving? I realize most docs probably have the opposite problem, but I bet there is a subset of the FIRE crowd that this may apply to. Does this ever come up in all the interactions you have? A. It was no surprise to see this question come in as a direct message on the WCI Forum, rather than an email ...

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Disability can be a devastating outcome to a doctor’s career and self-image. Think about it: You busted your butt to learn how to do a Whipple procedure, end up getting into a skiing accident that ends your career right there. No worries, because you purchased the appropriate coverage of own-occupation disability insurance, right? Having disability insurance certainly provides a protective cushion, especially you are the sole breadwinner. This is a no-brainer, ...

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This article is sponsored by Careers by KevinMD.com. After spending a decade in college and medical school, followed by internships and residency, seeking additional guidance at the beginning of your career may seem excessive. You’ve already taken direction from dozens of leaders; isn’t it time to cut your own path? Yes and no. You’ll make plenty of your ...

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