In December of 2011, Reuters reported that U.S. equity funds experienced a record net outflow over the last four months of the year which suggests that investors were anxious to get out of the market after a partial recovery from the summer (2010) market collapse. Having failed to see the massive
Benefits of Paying with Cash
In today's world of credit and debit cards, electronic payments, and e-checks, paying for purchases with cash is becoming more and more unheard of. Yet, while this antiquated method of purchasing goods and services may seem somewhat outdated these days, there are many instances when using your
Financial Success Begins With Creating a Budget
While working with patients, it may oftentimes become obvious to diagnose various health issues and to subsequently prescribe a solution in terms of medication, rehabilitation exercises, or both. Yet, when it comes to our own finances, the keys to success may not always be so clear - even though
How to Manage Money Like a Pro
The journey to financial success begins at home with the management of your personal finances. Some physicians, although well-intentioned, seem to always find themselves playing catch up and never quite in control of their money matters due to the demands of their careers. If you want to manage
5 Financial Tips For Young Doctors
Remember that game “LIFE?” The child’s board game by Milton Bradley? In that game, the player with the biggest salary was the doctor. But in the game, there were no debt service expenses. There were no medical malpractice insurance premiums. And the government wasn't squeezing Medicare and Medicaid
Disability Insurance Is Too Expensive
When you think of purchasing a disability insurance policy, do you question if it’s too expensive? Can you really afford it? After all, those monthly payments could go towards a new car, new clothes, or a vacation, something that gives you immediate gratification. But consider the opposite: Can you
BANG. You’re disabled. What’s your plan, Doctor?
All the doctors we work with spend years becoming truly excellent at helping their patients deal with their own medical problems. But not all doctors really think through what would happen if they were to become disabled themselves! Instead, many doctors frequently put off serious disability
Physicians Should Buy Disability Insurance While Young
Many young physicians dream of the freedom of opening their own private practice, mid-career. But sometimes the ability to fulfill one’s dreams gets hampered by decisions you make in your 20s. Recently, we had a call from a young surgeon, 36 years old, who was planning to open up a new practice