How do you define happiness? For many people, their level of happiness is based on a comparison of their lifestyle to another’s. If they can keep up with the Joneses, then they think they are happy. To them status achievement is the measure of happiness. At the extreme end you will find people who
What Do We Know About “The Medical Marriage?”
Nobody understands doctors like their spouses and doctor/doctor marriages come with their own set of issues and challenges. Physician’s families face some unique challenges not well understood by outsiders – and indeed, not well understood by physicians, residents and medical students just now
You Can Manage your Practice, But Can You Manage Your Time?
As a solo practitioner, you need to be able to manage people, finances, practice development and all of the other responsibilities of the practice, but when you are done with all of that, it’s your time that typically goes un-managed. Most practice consultants would agree that if you’re not in
A Little Knowledge Can Make Physicians’ Lives Less Taxing
It doesn’t take long after receiving your first paycheck to realize that your all of your money is not your own. The U.S. government is an active partner in your earnings, and the more money you make, the larger its take. While taxes are a fact of life, physicians have more control over how much of
Physicians Can Hire a Money Doctor to Cure Personal Finance Woes
You would probably never hear any of them tell you, but most physicians are awful at personal finances. We’re talking about the most basic aspects of day-to-day financial management – budgeting, bill paying, balancing the checkbook, staying organized and looking for ways to salt away some money for
Financial Success for Physicians Begins with a Winning Attitude
You would think that the main thing that separates the financial winners from the losers is money. Obviously, the more money people have, the more things they can buy, but that doesn’t necessarily translate into happiness. Even physicians who make a lot of money can find themselves at its mercy if
Obstacles to Building Wealth: Not Running the Practice as a Business
The Bureau of Labor Statistic reports that, of the nearly 700,000 physicians currently in practice, one half are in private practice, meaning they’re in business for themselves. But, if you were to ask these sole practitioners how well they run their businesses, the vast majority would concede that
Doctor Disability: Staying Home When You’re Sick
Doctor Disability: Stay Home When Sick Flu season is almost upon us. It’s the holiday season on a happier note, but also known as the time of Kleenex and chicken noodle soup. Beginning to rise in December, bouts of influenza will rise throughout the winter and peak in February. Doctor Disability