First of all, the term ‘getting out of debt’ is a misnomer. Sure, most consumer debt is bad, incurred at ridiculously high interest rates, and something you want to pay off as soon as possible, with a vengeance. What we really want to do is increase your net worth. That means you want your assets
The Five Principles of Disability Income Insurance for Doctors
Disability income insurance isn’t like major medical insurance, post Affordable Care Act. There’s no guaranteed issue if you apply within some open enrollment period. But it’s critically important coverage for young doctors to own. For the vast majority of physicians in their 20s, 30s and 40s, their
The High Cost of Student Debt
Make no mistake – your investment in a medical education is no doubt a wise one. For those who successfully complete medical school and stay in the field as physicians, your investment will no doubt pay for itself many times over, during the course of your career. For most of you, your investment in
Best States for Doctors
How does your state rank when it comes to opportunities, risk and financial stability specifically for doctors? First of all, let’s think about the things that doctors tend to have in common: Doctors are entrepreneurial They are either in private practice or would like to have a private
The Role of Disability Insurance in a “Portfolio Pyramid”
Any good financial planner will tell you that the role of disability income insurance is a key asset and makes up part of a solid foundation for any financial plan. The "Portfolio Pyramid" A common way of explaining and illustrating a solid financial plan is to imagine a pyramid. The most
Five Ways To Save on Disability Premiums
Disability insurance is a critical asset for physicians. There are literally millions of dollars on the line for any future or current physician who has most of a career ahead of him or her. If you were to unexpectedly lose your ability to work in the medical profession – either by illness or
Doctors Need Income Protection
Physicians are quite accustomed to helping people who are temporarily or permanently sidelined from the work force by injury or illness – one at a time. But many physicians don’t quite grasp that they themselves could face disabilities like their patients – disabilities that threaten to derail years
Show Me The Money: Physician Compensation Map Shows Doctors Where Pay is Highest (And Lowest)
It was only a matter of time. Developers have finally come out with an easy-to-use application that lets physicians anonymously share compensation data and location. Once the information from thousands of physicians is aggregated and plotted on a map, the data can provide physicians around the world