Selecting a mortgage can be daunting. Understanding the mortgage terms, the total cost, estimated property taxes and insurance, and the bottom line on a month-to-month expense can be a lot to take in.
For many individuals, utilizing a mortgage to purchase a home can lead to months of underwriting, painful discovery and disclosure of financial documents, and consistently changing deadlines. This process aims to prove that due diligence is completed thoroughly …
“If you have never heard the term ‘financial infidelity,’ it doesn’t mean you don’t know what it is. In fact, according to a recent creditcards.com survey, 32 percent of respondents have financially cheated on their partners. Both finances and cheating can be complex subjects to discuss, even with and, sometimes especially with, those …
One of the hardest questions to answer in a job interview is, “Do you have any questions for me?”
The question itself is not hard — as physicians, we can come up with plenty of questions. What makes it challenging is that we understand the timing and depth of any question we ask and can say a lot more than we want it to. We do not want to ask too …
World events have me thinking about boundaries. Countries have boundaries. Often they are based on the land’s physical features, but not always. Boundaries are created over time and may need to change for various reasons. So too with our personal human boundaries.
When we speak of personal boundaries, we can mean the physical boundaries of our skin. Or we may mean the psychological or social boundaries that we live with and …
Several years ago, I stood before an audience at a neurosurgical conference to discuss my book The Lobotomist, a biography of Walter Freeman, MD, an advocate and promoter of the controversial treatment of lobotomy.
I gave my talk, and it went well. I am not a physician — I’m a journalist and biographer who often writes about medicine, and I feel comfortable speaking at medical conferences, grand rounds sessions and medical …
In this episode, I interview Jim Dahle, creator of the White Coat Investor. He has literally created a new asset class of content: the health care professional personal finance space.
He discusses how he got his start with the White Coat Investor, why his message still resonates today, and how financial literacy …
This article is sponsored by Forme Financial, a highly specialized advisory that works only with physicians.
Whether in early practice or nearing retirement, physicians face far more career and financial complexities than other professions. But until now they were limited to financial advisors who offer essentially the same solutions to all their clients, regardless of profession.
Forme Financial …
Working in health care, going through medical school and residency, changes who you are. We invest so much of ourselves and our potential futures into accomplishing board certification. Once we achieve this feat, we often live in fear of one day losing what we have achieved. After all, many of us have sacrificed hundreds of thousands of dollars, relationships, friendships, marriages, the ability to have children, joys of life, our …
The Great Resignation is producing tremendous challenges for physicians. In particular, many “senior” physicians (some as young as 50 years old) are simply throwing in the towel and resigning rather than continue with the brutal schedules imposed by many employers. As physicians leave, it is becoming increasingly difficult to recruit new talent, so in many cases the remaining physicians are forced to take up the “slack.” That “slack,” of course, …
There has been a lot of increased focus on burnout in health workers over the past two years—with good reason. The added stress of a global health crisis to an inefficient system created a compounding effect on a pre-existing issue. This has led to soaring rates of burnout and increased the overwhelm, moral injury, trauma, and stress that clinicians were already facing.
The great resignation is at our doorstep as well. …
Whether we are considering a new job or up for review at our current place of employment, there are several things we should negotiate. Many of us focus solely on salary, but there are other things we should be sure to negotiate as well:
1. Benefits and insurance. One of the first things to consider besides salary is benefits. For physicians and other young professionals with college degrees, student loan forgiveness …
There are times in medicine when the focus is on how hard it is to be a doctor in these uncertain times. We focus on patient care demands, reimbursement challenges and financial instability, and the general lack of feeling rewarded. And that can keep physicians stuck in a cycle of comparing what’s possible with the present circumstances.
Hey, I get it. I’ve been there. I’ve looked at senior attending physicians and …
I have never known a doctor who wasn’t interested in bringing more money into their home. There are so many reasons for this that can range from paying off large loans to the costs of having children (nannies, sitters, private schools, college, weddings, etc.) to the growing sense that your employer undervalues you.
Regardless of your reason, most of you will attempt to fill this void by working harder or by …
Recently, colleagues asked me how I solve burnout with communication. From the tone of their voice, they thought I was in over my head, and this was never going to work. I thought, wow, this is a great opportunity for me to share.
I came into the field of burnout through bullying. I’ve been the victim, and I’ve been the bystander-more times than I can count. I’ve been a locums physician …
The Great Resignation. I doubt there is a medical practice out there that has not been affected by it. And experts predict we are just at the beginning. The U.S. Bureau of Labor Statistics’ early data from 2022 shows that health care is among the top three industries increasing in monthly “quit rate,” second only to accommodation and food services. 2.6 million health care workers quit their jobs from May …
For practicing physicians, inclusivity proves critical.
Not because of HR mandates. Not because it’s a good thing to do.
Inclusivity improves your patients’ care. It enables you to be a better doctor.
Rising complexity, rapid change, and treating far-flung patients mean physicians need information from all angles of care.
Physicians need to know that everyone participating in your patients’ care can tell you vital information. They must feel safe and comfortable communicating with you …
This article is sponsored by Masterworks, the art investment platform.
Physicians face a dilemma.
U.S. physicians make $237,000 a year on average. That’s 4x more than most Americans. Very impressive if you ask me. But despite high earners, they still rarely achieve early retirement.
In fact, physicians usually retire …
When most people think of physicians, they think of the class nerds or the smart kids who got all As and took honors classes and were on the debate and math teams, did the science Olympiad or won the spelling bee. They think of us as brighter and more intelligent than most of society.
But we are also just human beings who have the same flawed brains and make the same …
Health care is a complex machine. With each passing year, it appears to get even more complicated. There’s an ever-increasing need to balance quality and cost between technology and humanity. These are competing needs, which are usually critical to health care delivery, as care professionals are faced with the often overwhelming paperwork and the need for hands-on patient-centered care.
There can be challenges in prioritizing one condition at the expense of …
At birth, our rudimentary brains have very few developed circuits. Through everyday experiences, we slowly develop simple circuits before the more complex circuits form. Our interactions with caregivers teach us words and shape our concepts, and we ultimately string concepts together into thoughts.
We have tens of thousands of thoughts every day, but many go unnoticed. Our brain utilizes an autopilot mode so that each day isn’t a completely new experience. …
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