There’s an old saying that it’s the cobbler’s kids who have no shoes. Doctors tend to go into the business with great intentions: They want to help others. And that’s a good and laudable goal and absolutely a quality to be admired in a doctor. But sometimes doctors fall prey to an insidious tendency
Finding Happiness In Spite of Money
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
Physician Disability Insurance: Preventing Burnout
Physician Disability Insurance: Preventing Physician BurnoutWe discussed in a previous blog the strenuous effects stress can have on a physician. The best method to avoid burnout is preparation. From lifestyle choices, to work-life balance and protecting yourself with physician disability insurance,