Unlike the great singer Sam Cooke, young physicians actually do know a lot about biology and the science book. Some of them even know something about the French they took. But they don’t know much about money. That’s not just us talking. That’s the result of a 2017 study recently published in
Financial Tips for Young Doctors
We’re always scouring the web for good articles and studies about doctors and financial tips – and we were particularly pleased to come across this fine piece from Kevin Liu at KevinMD.com. Aiming his advice at young physicians who have just completed residency, or advanced fellowship training, and
Protecting the Small Medical Practice Against Disaster
On top of the terrible human toll on individuals inflicted by disasters such as Hurricane Harvey – that affected millions in Texas and Louisiana in 2017 – disasters take a terrible toll on small businesses as well: According to data from the Federal Emergency Management Agency (FEMA), some 40
The Most Dangerous Myths About Insurance Coverage
When it comes to insurance coverage, what you don’t know may not kill you – but it can cost an awful lot of money. Unfortunately, there are a number of myths and misconceptions that even very highly educated people have about insurance and what it covers and doesn’t cover. Here are some of the most
Is Your Disability Protection Up to the Job?
Disability insurance protection is a critical component of a financial plan for most people – but especially for physicians. This is because doctors, dentists and other similarly-situated professionals generally have huge sums of money invested in education, need to be in reasonably good health in
Beware of the Disability Disconnect
When it comes to the risk of disability, Americans are woefully underinsured. Disability vastly outpaces the death of a breadwinner among those under age 50 as a leading cause of economic hardship for families. The fact is, most people vastly underestimate their chances of becoming
Young Doctors Need To Step Up Savings and Financial Planning Efforts
The American Medical Association released its Report on Resident Physicians’ Financial Preparedness in 2017 and things weren't and still aren't looking great. Researchers surveyed over 50,000 residents and got 1,573 responses from residents in a variety of medical specialties from across the
6 Investing Mistakes Doctors Make Too Often
For a bunch of smart people, doctors are notorious for being bad investors. But bad investment decisions are preventable. Understanding the common mistakes physicians make when it comes to investing their money can pay big dividends in the future. 6 Investing Mistakes Doctors Make Failure