Within the medical community, there seems to be a prevailing belief that when it comes to business and finance: Well, we’re just not very good at it. Some chalk it up to the lack of financial training we received in medical school. Others say it’s simply not in the physician’s DNA – that our brains are wired differently. I would disagree. In reality, I’ve seen many, many physicians become successful ...

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Necessity is the mother of invention. If you need something badly enough, you are more likely to find a way to obtain it. This proverb clearly rings true in all aspects of life. The key is really knowing how badly we need it. I knew someone who wanted to become a dermatologist. After several additional years of research after medical school and applying to residency, she eventually achieved her goal. ...

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There’s a lot of financial information out there. Some of it is helpful, and some of it is unhelpful. I’m sure many of you take notice when the Dow Jones falls 1,000 points in two days. And even if you don’t usually follow the stock market on a daily basis, when the stock market is dropping, the financial news media will let you know about it. Because when the stock market is crashing, ...

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I was sitting across from a new acquaintance at the CampFI Midwest and he was telling me about his next budding venture.  He had a brilliant business plan.  An idea which no one had capitalized on before.  He was in the middle of gathering investors and beginning the long process of due diligence.  I probed further.  I am always wary of what I call the financial independence ...

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This article is sponsored by Careers by KevinMD.com. Whether you’re looking for a new position or just wanting to connect with colleagues, LinkedIn is a great resource to advance your career. As a healthcare professional, having an online presence can understandably make you uneasy, especially when it comes to concerns about privacy or potential HIPAA violations. However, in today’s technological ...

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I want you to do me a favor. Pretend we’re meeting each other for the first time. You have to describe who you are in 10 words or less without mentioning any relationship to another human being. You can’t cop out and say: I’m Anne’s husband, Paul’s mom or Mike’s oldest child. Who are you? Who and how do you identify yourself? For most doctors, a few of those ten words ...

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Physician financial literacy is dismal. In the past, many physicians got their first introduction to finance from insurance salesman or financial advisors who give presentations over a free steak dinner. My medical school’s attempt at teaching us personal finance was to have a financial advisory firm give a half-day lecture about student loan management, budgeting, and investing. While the advice wasn’t inherently bad, I don’t think many of my classmates retained ...

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By the time you read this, I will have completed a transition to working half-time. Now, I know a lot of docs out there think emergency docs are already only working half-time, so perhaps I ought to start with explaining why that isn’t the case, even if emergency physicians work fewer hours than many other physicians. Let’s start with the fact that most Americans consider 35 to 40 hours a week ...

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As we get older, time becomes are more valuable commodity.  I clearly remember that as a college student, I was more than willing to wait in line for over an hour simply to get a free sandwich promotion.  Nowadays, I’m not even too interested in waiting 20 minutes to be seated at a restaurant.  Our priorities evolve. One interesting aspect of time that remains relatively unchanged over time is our tolerance ...

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I don’t want to be unclear here.  I don’t want to mince my words.  But I’m mad about an interaction I had on Facebook.  I was commenting on the Physician Side Gigs group page when someone riffed on one of my statements.  They mentioned that my opinions could be a slippery slope towards a future where doctors no longer see patients.  The insinuation was that we as physicians owe it ...

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